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Ocean Shore Holding Co. to Fund Purchase of 141,306 Shares

^{Published on 2010-08-23 10:25:19 - Market Wire}
 

OCEAN CITY, N.J.--([ BUSINESS WIRE ])--Ocean Shore Holding Co. (Nasdaq: OSHC) today announced that the Company has funded a trust that will purchase up to 141,306 shares, or approximately 1.9%, of the Company's outstanding common stock. The shares acquired by the trust will be used to fund restricted stock awards under the Companya™s 2010 Equity Incentive Plan, which was recently approved by shareholders. Share purchases will be conducted by the independent trustee of the trust through open market purchases.

Ocean Shore Holding Co. is the holding company for Ocean City Home Bank, which operates out of ten full-service banking offices in Ocean City, Marmora, Linwood, Ventnor, Egg Harbor Township, Absecon, Northfield, Margate City, Mays Landing and Galloway, New Jersey.