Ocean Shore Holding Co. Announces Receipt of Regulatory Approval and Anticipated Closing Date for Acquisition of CBHC Financialcorp

Ocean Shore Holding Co. OSHC 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.