2,200,000 Depositary Shares Each Representing a 1/40th Interest in a Share ofUnderwriting Agreement • May 7th, 2020 • Oceanfirst Financial Corp • Savings institution, federally chartered • New York
OceanFirst Financial Corp., a Delaware corporation (the “Company”), proposes to (i) issue and sell to the several underwriters named in Schedule I (the “Underwriters,” which term also includes any underwriter substituted as hereinafter provided in Section 10 hereof), acting severally and not jointly, the respective number of depositary shares (the “Initial Depositary Shares”), each such depositary share representing ownership of a 1/40th interest in a share of the Company’s 7.00% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A, par value $0.01 per share (the “Preferred Stock”), set forth in Schedule I hereto and (ii) grant to the Underwriters, acting severally and not jointly, the option described in Section 2(b) hereof to purchase up to 330,000 additional depositary shares (the “Option Depositary Shares” and together with the Initial Depositary Shares, the “Depositary Shares”). Shares of Preferred Stock will, when issued, be deposited by the Company against d
