secwatch.observer — SEC 8-K summary
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Issuer:     OCEANFIRST FINANCIAL CORP (OCFC)
CIK:        0001004702
Form:       8-K
Filed at:   2023-03-14T23:59:59+00:00
Accession:  0001004702-23-000077
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OceanFirst reports adjusted uninsured deposits of $2.1B vs $6.3B; 403 customers >$1M uninsured
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- CEO Christopher Maher disclosed on CNBC that 403 of 250,000 customers had uninsured deposits >$1M as of March 10.
- Total uninsured deposits of $6.3B adjusted to $2.1B excluding $2.4B collateralized municipal and $1.8B subsidiary deposits.
- Disclosure accompanies virtual analyst call amid banking sector turmoil to emphasize limited deposit run risk.
- Data excludes collateralized government deposits and is as of December 31, 2022 per call report.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1004702/000100470223000077/0001004702-23-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1004702/000100470223000077/ocfc-20230314.htm
  HTML page:      https://secwatch.observer/filing/0001004702-23-000077

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer