NASDAQ: OCFC 1 OceanFirst Financial Corp. OceanFirst Financial Corp. John R. Garbarino, Chairman, President & CEO John R. Garbarino, Chairman, President & CEO Vito R. Nardelli, Executive Vice President & COO Vito R. Nardelli, Executive Vice President & COO Michael J. Fitzpatrick, Executive Vice President & CFO Michael J. Fitzpatrick, Executive Vice President & CFO KBW KBW COMMUNITY BANK COMMUNITY BANK INVESTOR CONFERENCE INVESTOR CONFERENCE JULY 30, 2008 JULY 30, 2008 Exhibit 99.1

NASDAQ: OCFC 2 OceanFirst OceanFirst Financial Corp. Financial Corp. This presentation contains certain forward-looking statements which are based on certain assumptions and describe future plans, strategies and expectations of the Company. These forward-looking statements are generally identified by use of the words “believe”, “expect”, “intend”, “anticipate”, “estimate”, “project”, or similar expressions. The Company’s ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on the operations of the Company and the subsidiaries include, but are not limited to, changes in interest rates, general economic conditions, legislative/regulatory changes, monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and the Board of Governors of the Federal Reserve System, the quality or composition of the loan or investment portfolios, demand for loan products, deposit flows, competition, demand for financial services in the Company’s market area and accounting principles and guidelines. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. The Company does not undertake – and specifically disclaims any obligation – to publicly release the result of any revisions which may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

NASDAQ: OCFC 3 OceanFirst Financial Today OceanFirst Financial Today Holding Company for the 106 year old financial services firm serving the community banking needs of the attractive Central New Jersey Shore growth market between the major metropolitan areas of New York City and Philadelphia $1.9 Billion in Assets – 22 OceanFirst Bank branches within a tightly defined market area and 1 satellite loan production office Emerging from a foray into wholesale nonprime mortgage banking – through our former subsidiary, Columbia Home Loans (CHL) Returning to the lower risk, streamlined Community Bank business plan as the local alternative to the mega banks Transitioning the Bank’s balance sheet to reduce a historical over- reliance on CD funding and residential mortgage portfolio lending Growing fee and service charge income through maturity of new business lines and product line expansion

NASDAQ: OCFC 4 Attractive Market Area Attractive Market Area

NASDAQ: OCFC 5 Ocean County – Ocean County – Fastest Growing County in NJ Fastest Growing County in NJ 562,000 people in Ocean County in 2006 • 9.4% increase since 2000 • Outpacing NJ (3.6% increase) • Outpacing US (5.3% increase) $54,820 Ocean County median household income in 2006 • 12.7% increase since 2000 83% Home ownership in Ocean County • Outpacing NJ (65%) • Outpacing US (66%) Source: US Census Bureau

NASDAQ: OCFC 6 Ocean County Deposit Market Share Ocean County Deposit Market Share Total # of Deposits Market Bank Branches (000) Share % Commerce (TD Bank) 20 $1,753,891 14.9 Wachovia 28 $1,729,790 14.7 Hudson City Savings 12 $1,687,719 14.3 Sovereign 26 $1,445,889 12.3 OceanFirst 16 $1,184,539 10.1 Bank of America 28 $1,049,874 8.9 Source: FDIC – Data as of June 30, 2007

NASDAQ: OCFC 7 Growth Opportunities in Market Growth Opportunities in Market New Branches Committed Monmouth Wall (2 Office) 2009 Ocean Bayville October 2008 Toms River (2 Office) 2009 Toms River Headquarters nd nd

NASDAQ: OCFC 8 CHL – CHL – Nonprime Lending Exit Nonprime Lending Exit - - Covering 93.1% ($447.2 million) of Total Exposure Covering 93.1% ($447.2 million) of Total Exposure $ 23.6 Million $ 23.6 Million Total Provision Made and Losses Taken on Total Provision Made and Losses Taken on Non-Prime Sold Loans to date (Pre-Tax) $ 1.7 Million $ 1.7 Million Reserve for Repurchased Loans at June 30, 2008 Reserve for Repurchased Loans at June 30, 2008 $ 2.4 Million $ 2.4 Million Repurchase Requests Outstanding at June 30, 2008 Repurchase Requests Outstanding at June 30, 2008 Loans Retained in Portfolio Loans Retained in Portfolio $ 2.4 Million Loans Repurchased and Resold Loans Repurchased and Resold $13.4 Million $13.4 Million Negotiated Settlements Negotiated Settlements $53.3 Million $53.3 Million $ 69.1 Million $ 69.1 Million Repurchase Requests Received and Resolved: Repurchase Requests Received and Resolved: $480.2 Million $480.2 Million Loans Loans Sold Sold – – 1/1/06 1/1/06 – – 6/30/07 6/30/07

NASDAQ: OCFC 9 In this Environment……Managing Conservatively In this Environment……Managing Conservatively Recovering from CHL shutdown • Lingering expenses remain Enterprise-wide Risk Management matures • New CRO recruited July, 2008 Exercise discipline/restraint in growth initiatives • Conserving precious capital Take what the market gives, without forcing growth • Looking at opportunities created by turmoil

NASDAQ: OCFC 10 0 500 1000 1500 2000 2500 2007/2008 Balance Sheet Has Contracted Helping Manage Capital Ratios At December 31, unless otherwise indicated

NASDAQ: OCFC 11 0 200 400 600 800 1000 1200 1400 1600 Core Deposits CD's CD’s Have Been Allowed To Runoff CD’s Have Been Allowed To Runoff At December 31, unless otherwise indicated. Core deposits include all deposits other than certificates. Core Deposits Increase to 68.8% of Total

NASDAQ: OCFC 12 Residential Mortgage Portfolio Has Declined Residential Mortgage Portfolio Has Declined 0 200 400 600 800 1000 1200 1400 1600 1800 2000 Consumer Commercial Residential Mortgage At December 31, unless otherwise indicated. Commercial and Consumer Grow Modestly

NASDAQ: OCFC 13 Current External Challenges Current External Challenges Looming recession/return of inflation? • Uncertainty of next Fed moves Aggressive CD pricing pervading the market • Pressuring costs to fund growth Credit market turmoil continues • Another round of mark to market impairments? Tenuous credit quality – real estate valuations • Residential hit – can CRE be far behind?

NASDAQ: OCFC 14 Three Year Business Plan Imperatives Three Year Business Plan Imperatives A challenging return to double-digit EPS growth rates Conserve Bank capital in uncertain environment, preserving the capacity to provide liquidity for holding company operations Focus on disciplined core account development and commercial lending in pursuit of longer term portfolio mix targets Develop non-interest income as a key driver of revenue Improve operating efficiency through both revenue growth and expense control, following the shuttering of CHL Capitalize on being the local community service minded alternative to mega-banks, particularly: • TD Bank • Sovereign • Wachovia

NASDAQ: OCFC 15 Longer Term Targets Need to Reset Longer Term Targets Need to Reset 2Q 2Q 08 2010 Bank Core Capital 7.8% 7.0% min Bank Risk Based Capital 12.7% 12.0% min Core Deposit Mix 69.0% 72.0% Commercial & Consumer Loan Mix 35.0% 38.0% Revenue Mix (percent of total revenue) • Fee and Service Charge 16.0% 20.0%

NASDAQ: OCFC 1 2 3 4 5 6 7 8 9 10 11 12 13 14 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q Risk Based Core Bank Regulatory Capital Levels are Strengthened Bank Regulatory Capital Levels are Strengthened Internal Capital Floors are 7% and 12% in this environment. 2006 2007 2008 Well- Capitalized Well- Capitalized Floor Floor NASDAQ: OCFC 16

NASDAQ: OCFC NASDAQ: OCFC 17 -0.50 -0.40 -0.30 -0.20 -0.10 0.00 0.10 0.20 0.30 0.40 0.50 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 0 0.5 1 1.5 2 2.5 3 3.5 Earnings Per Share Net Interest Margin Note: Second quarter 2008 reflects operating earnings per share excluding the effect of an other than temporary impairment for $0.06 per share. Earnings and Net Interest Margin Have Rebounded Earnings and Net Interest Margin Have Rebounded 2006 2007 2008

NASDAQ: OCFC 18 Core Deposit Funding Core Deposit Funding 22 Branches within a tightly defined footprint provide significant presence, market share TD Bank/Commerce removes toughest retail competitor - other banks’ adverse publicity continues Disciplined de novo branching and core deposit generation • Over 12 years, 14 branches have opened with an average core deposit mix of 73% Recent branch activity in our growth market • 2008 new branches in Freehold and Waretown • 2008 – 2009 - 3 additional offices committed Opportunities for de novo bank acquisitions

NASDAQ: OCFC 19 Credit Risk Constrained by Portfolio Characteristics Credit Risk Constrained by Portfolio Characteristics Commercial Lending • Diversified, low risk $365 million portfolio Commercial real estate - 85% $533,000 average $533,000 average C & I - 15% $135,000 average $135,000 average Only 7 large relationships, $7 to $13.1 million exposures Negligible exposure to residential construction lending • No large, speculative subdivisions Strong credit quality indicators through 2Q 08 • Non-performing loans total $14.4 million (87 bps of total loans receivable) Includes $5.3 million of loans aggressively written down following wholesale mortgage banking shutdown • Net charge-offs of only $470,000 for 2007 (3 bps) and $324,000 (4 bps annualized) for first half of 2008 • Net charge-offs averaged only 3 bps of net loans over past 10 years

NASDAQ: OCFC 20 Non-Interest Income Initiatives Non-Interest Income Initiatives Largest reverse mortgage originator headquartered in NJ, one of a handful of select, nationwide FNMA seller/servicers • Projecting $1.2 million in 2008 Trust Department revenues continue to grow • Projecting $1.4 million in 2008 • $126 million assets under management (12/31/07) Increasing revenue from sale of alternative investment products • Projecting $1.4 million in 2008

NASDAQ: OCFC 21 Building Additional Shareholder Value Building Additional Shareholder Value In the long run, we hope you agree the following undoubtedly create value for the long term OCFC investor: • Lower risk, streamlined business plan without the mortgage bank subsidiary, delivering quality earnings stream • Maturing Enterprise-wide Risk Management commitment rebuilds OceanFirst credibility to effectively manage risk • Attractive cash dividend and conservatively managed capital • Franchise Value is enhanced in Central New Jersey Shore Growth Market • Strong Total Shareholder Returns are restored for the OCFC investor

NASDAQ: OCFC 22 Thank you for your Thank you for your interest in interest in OceanFirst OceanFirst Financial Corp. Financial Corp.