OceanFirst Financial, the holding company for OceanFirst Bank, has named Vito Nardelli as the new president of the company and the bank. In this position, he will oversee the operations of the organizations.

Mr Nardelli was hired by the OceanFirst Bank as executive vice president/chief sales officer in June 2004 and was named chief operating officer in 2005.

Mr Nardelli has been employed in the banking industry for approximately 30 years. He began his career with Chase Manhattan Bank and held various executive level positions at Marine Midland Bank and Wachovia (formerly First Union).

Prior to this Mr Nardelli served as director of retail banking for The Trust Company of New Jersey and, until 2003, as division president of the Dime Savings Bank of New Jersey. Between 1991 and 1994, Mr Nardelli served as executive director of the New Jersey economic development authority.

John Garbarino, chairman and CEO of OceanFirst Financial, said: “Vito’s wealth of experience and talent make him well-qualified to be our next president. We are pleased to be able to take the next step in our succession plan, formulated shortly after Vito joined the bank.”