OceanFirst and Partners Bancorp mutually terminate merger agreement

OCEANFIRST FINANCIAL CORP

Mutual termination effective immediately; no termination fee; each party bears own costs.
Merger announced Nov 4, 2021; boards approved termination after careful consideration.
Termination releases parties from claims related to Merger Agreement.
OceanFirst common stock trades NASDAQ:OCFC; Partners trades NASDAQ:PTRS.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

OCEANFIRST FINANCIAL CORP terminated Agreement and Plan of Merger with Partners Bancorp valued at Mutual termination, no termination fee, each party bears own costs (effective 2022-11-09).

Action: termination
Agreement: merger
Counterparty: Partners Bancorp
Value: Mutual termination, no termination fee, each party bears own costs
Effective: 2022-11-09

Exact text from the filing

On November 9, 2022, OceanFirst and Partners entered into a Mutual Termination Agreement (the “ Termination Agreement ”) pursuant to which, among other things, OceanFirst and Partners mutually agreed to terminate the Merger Agreement and transactions contemplated thereby.

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Source: SEC EDGAR

accession 0001004702-22-000121

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