James Candy Files Chapter 11; OceanFirst to Provide $5.257MM Cash Collateral

James Candy Company filed voluntary petition for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of New Jersey.

OceanFirst Completes Acquisition of Sun Bancorp

OceanFirst Financial, holding company for OceanFirst Bank, acquired Sun National Bank’s holding company Sun Bancorp.

OceanFirst Uses Siena’s ABL Alliance to Expand ABL Portfolio

OceanFirst Bank expanded its commercial lending capabilities by adding ABL Alliance, a program offered by Siena Lending Group, which makes transacting ABL loans seamless for a community bank.

OceanFirst Financial Announces EVP Appointments

OceanFirst Financial announced two executive vice president appointments made by the bank’s board of directors: Joseph R. Iantosca, chief administrative officer, and Joseph J. Lebel III, chief lending officer.