OceanFirst Financial Corp. (NASDAQ: OCFC) reveals that Joseph J. Lebel III has been named President of OceanFirst Bank N.A. by the Board of Directors. Mr. Lebel will undertake the duties of President Christopher D. Maher, who will stay as a Chairman of the Board and Chief Operating Officer of the Company and of the Bank. Mr. Lebel was also added to the Board of Directors of the Bank with effect from 1 January 2021.
In 2006, Mr. Lebel joined the Bank and now serves as Executive Vice President and Chief Operating Officer. He was the Chief Banking Officer before that and was also the Chief Loan Officer. As President, Mr. Lebel will assume responsibility for the commercial credit role in addition to his existing duties for all operational areas, service lines, and back-office functions, with the Chief Credit Officer and Credit Management staff also reporting to him. Mr. Lebel is considered a veteran in corporate banking experience.
Chairman and Chief executive officer Christopher D. Maher showed his excitement on the news by saying, that over the last seven years Joe and I have worked closely together to develop our company and have shown excellent experience as a banker and managing officer during that period. In this fresh and expanded position, the Bank is fortunate to have Joseph’s continued leadership.
OceanFirst Bank is one of the biggest and largest community-based financial institutions headquartered in New Jersey, offering business and retail lending options, trust and wealth management, and deposit services.
OceanFirst Financial Corp( OCFC) stock has was down 1.23% last night to close at 16.01. The Company with a Market Capitalization of 931.14 million has a total of 838 employees. At the time of writing, the stock’s monthly performance was recorded 1.27% in contrast with the weekly performance of 3.49%.