NASDAQ: OCFC

WELCOME TO THE

2010 ANNUAL MEETING

OF SHAREHOLDERS

OceanFirst

Financial Corp.

MAY 6, 2010

Exhibit 99.1

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NASDAQ: OCFC

OceanFirst

Financial Corp.

This

presentation

contains

certain

forward-looking

statements

which

are

based

on

certain

assumptions

and

describe

future

plans,

strategies

and

expectations

of

the

Company. 

These

forward-looking

statements

are

generally

identified

by

use

of

the

words

“believe”,

“expect”,

“intend”,

“anticipate”,

“estimate”,

“project”,

or

similar

expressions.

The

Company’s

ability

to

predict

results

or

the

actual

effect

of

future

plans

or

strategies

is

inherently

uncertain.

Factors

which

could

have

a

material

adverse

effect

on

the

operations

of

the

Company

and

the

subsidiaries

include,

but

are

not

limited

to,

changes

in

interest

rates,

general

economic

conditions,

legislative/regulatory

changes,

monetary

and

fiscal

policies

of

the

U.S.

Government,

including

policies

of

the

U.S.

Treasury

and

the

Board

of

Governors

of

the

Federal

Reserve

System,

the

quality

or

composition

of

the

loan

or

investment

portfolios,

demand

for

loan

products,

deposit

flows,

competition,

demand

for

financial

services

in

the

Company’s

market

area

and

accounting

principles

and

guidelines. 

These

risks

and

uncertainties

should

be

considered

in

evaluating

forward-looking

statements

and

undue

reliance

should

not

be

placed

on

such

statements.

The

Company

does

not

undertake

–

and

specifically

disclaims

any

obligation

–

to

publicly

release

the

result

of

any

revisions

which

may

be

made

to

any

forward-looking

statements

to

reflect

events

or

circumstances

after

the

date

of

such

statements

or

to

reflect

the

occurrence

of

anticipated

or

unanticipated

events.

NASDAQ: OCFC

2009

A Busy Year at OceanFirst

Financial Corp.

January

–

Accept the $38.3M preferred stock investment

under the Treasury Capital Purchase Program (CPP)

May

–

Announce plans for acquisition of Central Jersey

Bancorp (CJBK)

October

–

Receive shareholder approval of CJBK acquisition

November

–

Raise $54 million in secondary stock offering and

request regulatory approval to repay the Treasury

CPP preferred stock investment

December

–

Withdraw regulatory application to acquire CJBK

–

Receive regulatory approval and repay the CPP

Treasury investment

NASDAQ: OCFC

We fortified our Balance Sheet

12/31/08

3/31/10

Tangible Equity Capital

$119,783,000

$187,181,000

Ratio to Assets

6.45%

8.51%

Tangible Book Value (per share)

$9.69

$9.94

During 2009 ...

NASDAQ: OCFC

We added new institutional shareholders

12/31/08

3/31/10

Total Shares Outstanding

12,365,000

18,822,000

Institutional Ownership

32.9%

58.5%

During 2009 ...

NASDAQ: OCFC

We grew our deposit base …

12/31/08

3/31/10

Total Deposits

$1,274,132,000

$1,381,108,000

and made more

sound loans

12 mos. –

3/31/09

12 mos. –

3/31/10

Loans Closed

$421,308,000

$554,948,000

During 2009 ...

NASDAQ: OCFC

We increased our bottom line

12 mos. –

3/31/09

12 mos. –

3/31/10

Net Income*

$14,711,000

$16,104,000

*Before CPP payments to U.S. Treasury.

During 2009 ...

NASDAQ: OCFC

Dedicated to our Mission

OceanFirst Builds Value For Its Shareholders

As A Growth Oriented, Community-Focused

Financial Services Organization

NASDAQ: OCFC

Building Blocks of Our Vision

Responsiveness to Market

Competitive Product Array

Growing Business

Commitment to Extraordinary Customer Care

Employer of Choice

NASDAQ: OCFC

OceanFirst

Strength, Stability & Experience

Serving our Customers and Community

Since 1902

18 Recessions and 1 Depression

19 Recoveries

NASDAQ: OCFC

A Great Time to be a Community Bank

Well-Positioned for 2010 and the Future

Fortified with Capital

Well-Positioned to Meet Customer Needs

Focused on our Mission

NASDAQ: OCFC

QUESTIONS AND ANSWERS

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NASDAQ: OCFC

THANK YOU

FOR ATTENDING THE

2010 ANNUAL MEETING

OF SHAREHOLDERS

OceanFirst

Financial Corp.

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