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NBID x OceanFirst | Case Study

  • Brought to you by NBID
  • Published May 20, 2026

Leveraging the NBID Network to Reduce Collateral Requirements for Municipal Depositors

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About OceanFirst Bank

Headquartered in Toms River, New Jersey, OceanFirst has been serving communities for over 120 years and currently operates in five states. As a significant community bank with approximately $14bn in total assets, OceanFirst has developed deep relationships with local governments, municipalities, school districts, and public entities.

OceanFirst is planning to leverage the NBID network to provide municipal depositors with access to aggregate FDIC insurance coverage through program banks* while mitigating costly collateral requirements that have historically tied up billions in balance sheet capacity.

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