If you experience any issues with this process, please contact us for further assistance. Updated Feb 25, 2020, 8:27am EST. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. We encourage you to review their privacy and security policies which may differ from OceanFirst Financial Corp. Transaction to include approximately $124 million in deposits and $14 million of loans, based on June 30, 2021 balances, First Bank and OceanFirst Bank Announce Definitive Agreement for First Bank to Acquire Two Branch Locations in Central New Jersey Region, Deposit premium of 2.00% on total deposits, and 2.21% on core deposits (utilizing deposit data as of June 30, 2021), Transferred loans have a weighted average yield of 3.79% as of June 30, 2021, Projected fully phased-in EPS accretion of $0.10, or 6.74%, Projected 2023 return on invested capital of 17.67%, Pro-forma loan to deposit ratio equal to 97.56% after acquisition (utilizing loan and deposit data as of June 30, 2021), Projected tangible book value dilution at closing of 1.25% and an earnback of approximately two years, Projected tier 1 ratio reduction at closing of 32 basis points. With a score of 4.2 stars out of 5, OceanFirst Bank should be solidly in contention for your choice of bank. OceanFirst Bank, as a financial institution, has a responsibility for protecting customer financial assets and mitigating fraud. No sweat. The company that sent it never got it and now paypal says there is nothing they can do. I contacted a lawyer as of this evening. (OceanFirst Bank), the banking subsidiary of OceanFirst Financial Corp. (OceanFirst) (NASDAQ: OCFC), today announced the execution of a definitive agreement whereby First Bank will acquire two New Jersey branch locations from OceanFirst Bank. Unfortunately, we are currently unable to find savings account that fit your criteria. 4.2. And it was one of the first companies to make it possible for people to easily and securely shop online and send money to people electronically. The Bank delivers commercial and residential financing solutions, trust and asset management and deposit services. You might be using an unsupported or outdated browser. Cash app says the routing number is linked to oceanfirst bank. OceanFirst Bank delivers commercial and residential financing solutions, wealth management, and deposit services and is one of the largest and oldest community-based financial institutions headquartered in New Jersey. (the Bank), today, announced the Company has signed an agreement to acquire a majority interest in Trident Abstract Title Agency, LLC (Trident) with the right to acquire 100%. It does not provide access to all-day customer service with actual service representatives. Forgot Password?Sign-up for Digital Banking. OceanFirst Financial Corp. plans to close 13 retail branches, a move stemming from the latest in a series of bank acquisitions made in recent years . By providing your email address below, you are providing consent to OceanFirst Financial Corp. to send you the requested Investor Email Alert updates. Uncover why OceanFirst Bank is the best company for you. The company was founded in 1902 and is headquartered in Toms River, New Jersey., and . Are you sure you want to rest your choices? Options Temp20221018B New Community Member Posted on Oct-18-2022 02:03 AM I have money being transferred from my cash app account to my PayPal account. With that being said, if you are keeping a significant amount of funds in your account, wed recommend using an account that offers direct FDIC insurance. For those who use cash often, OceanFirst Bank is not ideal because it has an out-of-network ATM fee of $2.50, which is not ideal compared to the average U.S. bank. The best part? OceanFirst Bank does not have the best savings rate, which means you should think about looking elsewhere for banks that deliver more return for your money. I got my state refund on September 15. OceanFirst Financial Corp.'s subsidiary, OceanFirst Bank N.A., founded in 1902, is a $7.7 billion regional bank operating throughout New Jersey, . Simply enroll or log in to Digital Banking and select "Send Money with Zelle" within the Pay & Transfer menu.5. OceanFirst Bank has a full selection of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. I would recommend continuing to reach out to our Customer Support teams as they're the best equipped to handle this concern. 4 In order to send payment requests or split payment requests to a U.S. mobile number, the mobile number must already be enrolled with Zelle. OceanFirst Bank ranks as a large bank and owns $5 billion in assets and $4 billion in deposits. It offers the ability to make transactions in 25 currencies. We look forward to welcoming Chris Carton, Derrick Scenna, and their team to OceanFirst. Located in Flemington and Monroe, the two branches will enhance First Banks existing New Jersey footprint and further strengthen its presence along the New York City to Philadelphia corridor. The Forbes Advisor editorial team is independent and objective. Given OceanFirst Bank's below average savings rate, you should consider looking elsewhere to open savings accounts. The average OceanFirst Bank salary ranges from approximately $37,537 per year for a Customer Service Representative to $58,398 per year for a Personal Banker. Either download our free mobile app or visit oceanfirst.com via your mobile device's internet browser. 2023 Forbes Media LLC. Past performance is not indicative of future results. Ben is based in Des Moines, Iowa. The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. 7516 Here are a few alternatives to using PayPal as your bank account: PayPal offers compelling options and value-added services for people who may want a debit card, prepaid card, cash back credit card, access to small lines of credit and convenient online payments. Please allow 2 business days for processing your enrollment request. All you need is an internet-enabled iPhone, iPad, iPod Touch or AndroidTM mobile device. Then, sit, stay. (877) 724-6454 A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk. Learn more and manage your cookies, Fix transaction and account related issues, Join the discussion with PayPal customers, Get help with using any of our PayPal products, Find out how PayPal works for your business. This free app lets you instantly enroll and provides quick access to the Digital Banking tools you need: - Much more! 20,000 bonus rewards points (equal to $200) rewarded when you spend $500 within the first 90 days of account opening 2. We would like to learn more about your experience with the fingerprint sign-in feature and would appreciate it if you could call us at 888-623-2698. You may find that you get the best experience from your PayPal account while relying on a bank or credit union as the steady home base for your money. The overall rating is a weighted average of rates, fees, service quality and financial health.Read more. This exact same issue is going on with me and I cant get a reply from yall, I am going through a simular situation.. except my refund was deposited in someone else's account. And, if you want the in-person experience of a brick-and-mortar bank, PayPal isnt the service for you. OceanFirst Bank has both an online and physical presence, with 58 total bank locations in New Jersey, New York, Pennsylvania, Massachusetts and Maryland. OceanFirst Bank delivers commercial and residential financing, treasury management, trust and asset management, and deposit services and is one of the largest and oldest community-based financial institutions headquartered in New Jersey. By providing your email address below, you are providing consent to OceanFirst Financial Corp. to send you the requested Investor Email Alert updates. For discussion of these and other risks that may cause actual results to differ from expectations, please refer to Forward-Looking Statements and Risk Factors in the Annual Reports on Form 10-K filed by First Bank and OceanFirst Financial Corp. and any updates to those risk factors set forth in proxy statements, subsequent Quarterly Reports on Form 10-Q or Current Reports on Form 8-K. Its customers are served from 57 locations. Log into Digital Banking via OceanFirst.com or our app, 2. On average, OceanFirst Bank charges customers extremely low fees in comparison to the national average. PAYPAL LOST IT! Feb 19, 2020. Although PayPal is not a bank, it partners with bankslike The Bancorp Bank and Synchrony Bankto offer various products like debit cards, prepaid cards, credit cards and lines of credit. Michael J. Fitzpatrick, Chief Financial Officer(732) 240-4500, ext. Your financial situation is unique and the products and services we review may not be right for your circumstances. OceanFirst Bank has 874 employees. Out of 9,519 ratings on both Apple and Android platforms, the OceanFirst Bank mobile app rates a 4.6 out of 5 (compared to the national average of 3.8). But a connected account isnt necessary if you only plan to use PayPal funds to shop online or send money to family and friends. February 03, 2022 16:55 ET Did you ever find anything out??? ET. OceanFirst Foundation Commitment Our strong commitment to helping families, organizations, schools and communities throughout the Bank's footprint to meet their financial needs has spanned several generations. OceanFirst's growth has been Further, certain factors that could affect future results and cause actual results to differ materially from those expressed in the forward-looking statements include, but are not limited to: the ability to successfully implement a growth strategy, including identifying acquisition targets and consummating suitable acquisitions; continuing to sustain internal growth rates; provide competitive products and services that appeal to customers and target markets; difficult market conditions and unfavorable economic trends in the United States generally, and particularly in the market areas in which First Bank or OceanFirst Financial operates and in which their loans are concentrated, including the effects of declines in housing market values; the impact of disease pandemics, including COVID-19, on operations and customers and employees; an increase in unemployment levels and slowdowns in economic growth; levels of nonperforming assets and the costs associated with resolving any problem loans including litigation and other costs; changes in market interest rates may increase funding costs and reduce earning asset yields thus reducing margin; the impact of changes in interest rates and the credit quality and strength of underlying collateral and the effect of such changes on the market value of investment securities portfolios; the extensive federal and state regulation, supervision and examination governing almost every aspect of First Bank's and OceanFirst Financials operations including changes in regulations affecting financial institutions, and expenses associated with complying with such regulations; uncertainties in tax estimates and valuations, including due to changes in state and federal tax law; the ability to comply with applicable capital and liquidity requirements, including the ability to generate liquidity internally or raise capital on favorable terms, including continued access to the debt and equity capital markets; possible changes in trade, monetary and fiscal policies, laws and regulations and other activities of governments, agencies, and similar organizations. Before joining Forbes Advisor, Mitch worked for several sites, including Bankrate, Investopedia, Interest, PrimeRates and FlexJobs. OceanFirst Bank employees rate . It's a win-win! Learn More about OceanFirst Foundation Commitment. 62 reviews. Compare pay for popular roles and read about the team's work-life balance. There are no guarantees that working with an adviser will yield positive returns. SmartAssets services are limited to referring users to third party advisers registered or chartered as fiduciaries ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matching platform based on information gathered from users through our online questionnaire. PayPal is a digital payments company available in more than 200 countries. To enroll, log into Online Banking and click first on Notifications, then Settings. For questions, please contact OceanFirst at 888.623.2698. Is oceanfirst bank connected with PayPal? It is easy to get started. Welcome to the redesigned OceanFirst Financial Corp. investor relations website. You will be linking to another website not owned or operated by OceanFirst Financial Corp. We do not control these sites and do not guarantee the accuracy, completeness, efficiency or timeliness of the information contained therein. I have TWO little babies, YOU are withholding my money. Any forward-looking statement speaks only as of the date on which it is made, and First Bank and OceanFirst Financial do not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.