Ocean Shore Holding Co. (the “Company”) (Nasdaq:OSHC) announced today
that its Board of Directors intends to declare its regular quarterly
dividend promptly following the closing of the Company’s pending
second-step conversion. The Company currently expects to complete the
conversion and reorganization and related common stock offering no later
than February 5, 2009.
“As things worked out, the expected completion of the conversion and
reorganization coincides with our regular dividend payment schedule,”
said Steven E. Brady, President and CEO. “In order to avoid a conflict
between the dividend payment and the minority share exchange that will
occur in connection with the conversion and reorganization, the Board of
Directors decided to adjust the dividend schedule so that the dividend
will be declared on shares outstanding after the completion of the
conversion. This adjustment is not expected to result in any delay in
the timing of the dividend payment, which is still expected to be in the
last week of February.”
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 nine full-service banking offices in
eastern New Jersey.
The new holding company for Ocean City Home Bank – a newly formed New
Jersey corporation also named Ocean Shore Holding Co. – has filed a
registration statement (including a prospectus and a prospectus
supplement) with the SEC for the offering to which this communication
relates. Before you invest, you should read the prospectus and
prospectus supplement in that registration statement and other documents
the issuer has filed with the SEC for more complete information about
the issuer and this offering. You may get these documents for free by
visiting EDGAR on the SEC Web site at www.sec.gov.
Alternatively, Ocean Shore Holding Co or any dealer participating in the
offering will arrange to send you the prospectus and prospectus
supplement if you request it by calling toll-free 1-866-805-4128.
Ocean Shore Holding Co.
Steven E. Brady, President and Chief
Executive Officer
Donald F. Morgenweck, Chief Financial Officer
609-399-0012
