For immediate release

Contact: Rachel Brown, Media Relations Representative, 215-574-3840

Philadelphia, PA — The Federal Reserve Bank of Philadelphia today announced the appointment of Christopher D. Maher, president and CEO of OceanFirst Bank and its parent company OceanFirst Financial Corp., to its Community Depository Institutions Advisory Council (CDIAC). He will serve a three-year term.

The CDIAC is a 12-member council composed of representatives from commercial banks, thrift institutions, and credit unions. The council convenes twice a year with officials from the Federal Reserve Bank of Philadelphia to share insights about economic and business trends facing community depository institutions in their local markets. After each local meeting, a representative from the Philadelphia council joins counterparts from other Federal Reserve Banks at a meeting hosted by the Federal Reserve Board of Governors in Washington, D.C.

Maher joined OceanFirst Bank in 2013 as president and COO and became CEO in January 2015. He is on the board of directors of OceanFirst Financial Corp., OceanFirst Bank, and OceanFirst Foundation. Maher also serves as chairman of the board of trustees of Helen Keller Services for the Blind, a national nonprofit agency helping people with hearing and visual disabilities, where he has been actively involved since 1998. He serves on the board of trustees of Monmouth University in West Long Branch, NJ.

Maher has a graduate certificate in banking from the Consumer Bankers Association and the University of Virginia McIntire School of Commerce and a bachelor's degree in business administration from Upsala College.

The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government. It is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. The Philadelphia Federal Reserve Bank serves eastern Pennsylvania, southern New Jersey, and Delaware.