News Column

Ocean Shore Holding Co. Announces Branch Consolidation

June 7, 2014

By a News Reporter-Staff News Editor at Investment Weekly News -- Ocean Shore Holding Co. (Nasdaq: OSHC) announced that the Company's banking unit, Ocean City Home Bank, will close its branch on White Horse Pike in Absecon, New Jersey on August 1, 2014. Customer accounts will be transferred to the Bank's Galloway branch.

"The decision to consolidate our Absecon branch followed a thorough review of our operations and is based on the level of customer traffic and its proximity to our Galloway branch," said Steven E. Brady, President and CEO of the Company. "Customers of the Absecon branch will continue to receive superior service through our Galloway branch, as well as our other delivery channels."

Ocean Shore Holding Co. is the holding company for Ocean City Home Bank, a federal savings bank headquartered in Ocean City, New Jersey. The Bank operates a total of twelve full-service banking offices in eastern New Jersey. The Bank is a full service community-oriented financial institution dedicated to serving the financial service needs of consumers and businesses within its market area.

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SOURCE Ocean Shore Holding Co.


Keywords for this news article include: Banking and Finance, Ocean Shore Holding Co.

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Source: Investment Weekly News

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