Ocean Shore Holding Co. Announces Receipt of
Regulatory Approval and Anticipated Closing
Date for Acquisition of CBHC Financialcorp, Inc.
July 01, 2011 02:48 PM Eastern Daylight Time
OCEAN CITY, N.J.--(EON: Enhanced Online News)--Ocean Shore Holding Co. (Nasdaq: OSHC), the holding
company for Ocean City Home Bank, announced today that it has received final regulatory approvals for its
previously announced acquisition of CBHC Financialcorp, Inc. and its wholly-owned subsidiary, Select Bank.
Subject to the satisfaction of customary closing conditions, the closing date for the acquisition is expected to be
August 1, 2011.
Ocean Shore Holding Co. is the holding company for Ocean City Home Bank, a federal savings bank
headquartered in Ocean City, New Jersey. Ocean City Home Bank operates a total of ten full-service banking
offices in eastern New Jersey.
CBHC Financialcorp, Inc. is the holding company for Select Bank. Select Bank operates five offices in Atlantic
County, New Jersey.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform
Act. Forward-looking statements include statements regarding the anticipated closing date of the transaction and
anticipated future results. Forward-looking statements can be identified by the fact that they do not relate strictly to
historical or current facts. They often include words like “believe,” “expect,” “anticipate,” “estimate,” and “intend” or
future or conditional verbs such as “will,” “would,” “should,” “could” or “may.” Certain factors that could cause
actual results to differ materially from expected results include delays in completing the merger, difficulties in
achieving cost savings from the merger or in achieving such cost savings within the expected time frame, difficulties in
integrating Select Bank and Ocean City Home Bank, increased competitive pressures, changes in the interest rate
environment, changes in general economic conditions, legislative and regulatory changes that adversely affect the
business in which Select Bank and Ocean City Home Bank are engaged, changes in the securities markets, and
other risks and uncertainties disclosed from time to time in documents that Ocean City Home files with the Securities
and Exchange Commission.
Ocean Shore Holding Co.
Steven E. Brady
President and CEO
CBHC Financialcorp, Inc.
Scott T. Page
President and CEO