Brief: OceanFirst Financial Expects Increase In Q3 Charge-Offs Arising From $17 Mln Participation In $98 Mln Credit To Borrower Managed By Real Estate Fund

OceanFirst Financial

14/09/2023 14:22

Sept 14 (Reuters) - OceanFirst Financial Corp  OCFC.O :
    * OCEANFIRST FINANCIAL- EXPECTS INCREASE IN Q3 CHARGE-OFFS
ARISING
FROM $17 MILLION PARTICIPATION IN $98 MILLION CREDIT TO BORROWER
MANAGED BY REAL ESTATE FUND
    * OCEANFIRST FINANCIAL CORP - EXPECTS CHARGE-OFF TO BE 45%
TO 50%
OF COMPANY'S TOTAL EXPOSURE

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Further company coverage:  OCFC.O 

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