OceanFirst Financial Corp. (NASDAQ:OCFC), today
announced the appointment of three members to its Board of
Directors.
- John F. Barros, Managing Principal,
Civitas Builder – Boston, MA, effective September 18, 2023;
- Robert C. Garrett, CEO, Hackensack
Meridian Health – Morris Township, NJ, effective October 1,
2023;
- Dalila Wilson-Scott, EVP and Chief
Diversity Officer, Comcast Corporation and President, Comcast
NBCUniversal Foundation – Philadelphia, PA, effective October 1,
2023.
Christopher D. Maher, OceanFirst Financial Corp.
Chairman and Chief Executive Officer, noted, “We are pleased to
welcome John, Bob, and Dalila to the existing seasoned
professionals on our Board of Directors.” Maher added, “Our new
Board members bring significant professional experience at large
and complex organizations, provide for enhanced geographic and
industry knowledge, and improve diversity. As OceanFirst’s business
has grown to encompass markets from Boston to Baltimore, it is
critical to ensure our Board has the requisite talent and
experience to support the Company’s growth.”
Also, effective October 1, 2023, Grace Vallacchi
will resign from the Board of Directors of the Company’s Bank
subsidiary, in connection with her planned retirement from her
position as Chief Risk Officer, which will take effect October 11,
2023. Upon Ms. Vallacchi’s retirement, David Berninger will join
OceanFirst Bank as Executive Vice President and Chief Risk
Officer.
Additionally, the Company announced that John E.
Walsh will retire from the Board of Directors at the end of his
term in May 2024. Mr. Walsh has served on the Board since 2000.
Mr. Maher commented, “Grace joined the Bank in
2017 and became a member of its Board of Directors in 2019. We
appreciate her many contributions, and the impact Grace has had on
the evolution of our risk management program during her tenure. Her
commitment, guidance, and professionalism during many significant
events over these past six years have been exceptional and on
behalf of the Board, management team, and employees we wish her
well.”
Maher continued, “We are pleased to welcome
David Berninger as our next Chief Risk Officer. David’s experience
as a senior risk management professional will make this a seamless
transition as we continue to grow the Bank and enhance our
enterprise risk management efforts.”
Maher added, “We are grateful to director John
Walsh for his leadership and dedication as a board member since
2000. In addition to serving as our longest tenured director, John
served as Independent Lead Director for over 19 years, a
responsibility that was critical to the success of the Company. I’m
grateful to have had the opportunity to experience John’s
thoughtful support and counsel during my career with the company.
John has decided he will not request re-election when his current
term expires in 2024.”
John F. Barros:Mr. Barros has
been a leader in the Boston market for almost 25 years including
seven years as the Chief of Economic Development for the City of
Boston. He is currently a managing principal at Civitas Builder, a
business focused on improving communities through the development
of responsive real estate, and serves on several charitable boards.
Mr. Barros received a bachelor’s degree from Dartmouth College and
a master’s degree in public policy from Tufts University.
Robert C. Garrett, FACHE:Mr.
Garrett’s career spans over 38 years in the healthcare industry and
since 2018 he has been the CEO of Hackensack Meridian Health, New
Jersey’s largest and most comprehensive health network, reaching
two-thirds of the state population. He has presented at numerous
international events including the World Economic Forum Annual
Meeting in Davos, Switzerland (2019-2023), where he now serves as
Chair of the Forum’s Health and Healthcare Governor’s Community,
and the International Vatican Healthcare Conference (2018-2021).
Mr. Garrett has a bachelor’s degree from Binghamton University and
a master’s degree in health administration from Washington
University.
Dalila Wilson-Scott:Ms.
Wilson-Scott has been at Comcast Corporation for seven years and
currently oversees all diversity, equity, and inclusion initiatives
and philanthropic strategy. Prior to joining Comcast, she spent 16
years at JPMorgan Chase & Co. where she served as head of
global philanthropy and president of the JPMorgan Chase Foundation.
Ms. Wilson-Scott has been recognized as one of the Most Powerful
Women in Business by Black Enterprise. She has a bachelor’s degree
from New York University and a MBA in Finance and Management from
New York University Stern School of Business.
David Berninger:Mr. Berninger
has served in a number of senior risk management roles in the
banking and financial services industry during a career spanning
nearly three decades, including the US Region of ICBC, Valley
National Bank, Hudson City Savings Bank and Societe Generale. He is
the treasurer and a board member of the NJ Community Development
Corporation, a former Chair of the Enterprise Risk Committee of the
New Jersey Bankers Association, and holds a BSBA degree from
Bucknell University and an MBA from Rutgers Graduate School of
Management.
About OceanFirst OceanFirst
Financial Corp.’s subsidiary, OceanFirst Bank N.A., founded in
1902, is a $13.5 billion regional bank providing financial services
throughout New Jersey and the major metropolitan markets of
Philadelphia, New York, Baltimore, and Boston. 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.
OceanFirst Financial Corp.'s press releases are
available at http://www.oceanfirst.com.
Forward-Looking Statements
In addition to historical information, this news
release contains certain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995
which are based on certain assumptions and describe future plans,
strategies and expectations of the Company. These forward-looking
statements are generally identified by use of the words "believe,"
"expect," "intend," "anticipate," "estimate," "project," "will,"
"should," "may," "view," "opportunity," "potential," or similar
expressions or expressions of confidence. The Company's ability to
predict results or the actual effect of future plans or strategies
is inherently uncertain. Factors which could have a material
adverse effect on the operations of the Company and its
subsidiaries include, but are not limited to: changes in interest
rates, inflation, general economic conditions, potential
recessionary conditions, levels of unemployment in the Bank’s
lending area, real estate market values in the Bank’s lending area,
future natural disasters, potential increases to flood insurance
premiums, the current or anticipated impact of military conflict,
terrorism or other geopolitical events, the level of prepayments on
loans and mortgage-backed securities, legislative/regulatory
changes, monetary and fiscal policies of the U.S. Government
including policies of the U.S. Treasury and the Board of Governors
of the Federal Reserve System, the quality or composition of the
loan or investment portfolios, demand for loan products, deposit
flows, changes in liquidity, including the size and composition of
the Company’s deposit portfolio, including the percentage of
uninsured deposits in the portfolio, competition, demand for
financial services in the Company’s market area, changes in
consumer spending, borrowing and saving habits, changes in
accounting principles, a failure or breach of the Company’s
operational or security systems or infrastructure, including
cyberattacks, the failure to maintain current technologies, failure
to retain or attract employees, the impact of the COVID-19 pandemic
or any other pandemic on our operations and financial results and
those of our customers and the Bank’s ability to successfully
integrate acquired operations. These risks and uncertainties are
further discussed in the Company’s Annual Report on Form 10-K for
the year ended December 31, 2022, under item 1A – Risk Factors and
elsewhere, and subsequent securities filings and should be
considered in evaluating forward-looking statements and undue
reliance should not be placed on such statements. The Company does
not undertake, and specifically disclaims any obligation, to
publicly release the result of any revisions which may be made to
any forward-looking statements to reflect events or circumstances
after the date of such statements or to reflect the occurrence of
anticipated or unanticipated events.
Company Contact:Jill HewittSenior Vice
PresidentOceanFirst Financial Corp.Tel: (732)240-4500, ext.
27513email: jhewitt@oceanfirst.com
OceanFirst Financial (NASDAQ:OCFC)
Historical Stock Chart
From Nov 2024 to Dec 2024
OceanFirst Financial (NASDAQ:OCFC)
Historical Stock Chart
From Dec 2023 to Dec 2024
