Select Bank merges with Ocean City Home Bank

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EGG HARBOR CITY – On Sept. 19, Select Bank customers in Atlantic and Cape May counties will officially become Ocean City Home Bank customers.

Ocean City Home Bank announced the merger with Select Bank’s holding company, CBHC Financialcorp, Inc., in February.

Of Select Bank’s five Atlantic County locations – Hammonton, Egg Harbor City, Egg Harbor Township, Mays Landing and Absecon – only two branches will remain open and convert to Ocean City Home Bank branches. The Egg Harbor Township, Mays Landing and Absecon branches will officially close 6 p.m. Friday, Sept. 16 due to Ocean City Home Bank locations which currently exist in those towns.

In a letter to customers, Ocean City Home Bank President and CEO Steven E. Brady announced that all of the Ocean City Home Bank branches and Select Bank branches will be closed on Sunday, Sept. 18 so that the final phase of the transition can occur. On Monday, Sept. 19, only the Hammonton and Egg Harbor City Select banks will reopen as Ocean City Home Bank locations.

“You will have the added convenience of making regular banking transactions at these locations or at any existing Ocean City Home Bank branch,” Brady wrote. “We are excited to welcome Select Bank customers to our banking family. We promise to work every day to prove we are the bank people trust.”

According to a brochure on the Ocean City Home Bank website, Ocean City Home Bank will have a combined 12 locations throughout the two counties. All Select Bank branch employees were offered jobs within the Ocean City Home Bank family.

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--Claire Lowe


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