OceanFirst Bank Announces Voluntary Settlement of Fair Lending Claims by the U.S. Department of Justice and U.S. Department of Housing and Urban Development
OceanFirst Financial Corp. (OCFC)
Last oceanfirst financial corp. earnings: 4/23 08:40 pm
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Source: GlobeNewswire
RED BANK, N.J., Sept. 18, 2024 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:OCFC) (the “Company”), the holding company for OceanFirst Bank N.A. (the “Bank” or “OceanFirst”), announced today that the Bank has voluntarily entered into settlement agreements (the “Agreements”) with the United States Department of Justice (the “DOJ”) and United States Department of Housing and Urban Development to resolve claims that the Bank violated the Equal Credit Opportunity Act and Fair Housing Act in the New Brunswick-Lakewood, New Jersey lending area, which includes Middlesex, Monmouth and Ocean counties. The settlement is one of approximately a dozen agreements reached by the DOJ with mortgage lenders since 2021, totaling over $120 million in investments in mortgage lending subsidies, financial education and outreach. Founded in 1902, OceanFirst Bank, named after its county of origin, maintained its physical locations primarily in Ocean County, New Jersey for more than eight decades.
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OCFC
News
- OceanFirst Financial Corp. (NASDAQ: OCFC) had its price target raised by analysts at Hovde Group from $19.50 to $21.50. They now have an "outperform" rating on the stock.MarketBeat
- OceanFirst Bank Announces Voluntary Settlement of Fair Lending Claims by the U.S. Department of Justice and U.S. Department of Housing and Urban Development [Yahoo! Finance]Yahoo! Finance
- New Jersey's OceanFirst Bank settles U.S. redlining charges [Yahoo! Finance Canada]Yahoo! Finance Canada
- OceanFirst Financial: 7% Yield Still Attractive Despite Call Risk [Seeking Alpha]Seeking Alpha
- OceanFirst Financial Corp. (NASDAQ:OCFC) Looks Interesting, And It's About To Pay A Dividend [Yahoo! Finance]Yahoo! Finance
OCFC
Earnings
- 7/18/24 - Miss
OCFC
Sec Filings
- 9/18/24 - Form 8-K
- 9/3/24 - Form 8-K
- 8/1/24 - Form 10-Q
- OCFC's page on the SEC website