Ocean Shore Announces Up to 210K Share Buyback

Ocean Shore Holding OSHC today announced that the Company's board of directors has approved the repurchase of up to 210,000 shares of the Company's outstanding common stock, which is approximately 3% of outstanding shares. Purchases will be conducted solely through a Rule 10b5-1 repurchase plan with Sandler O'Neill & Partners, L.P. Purchases will be based upon the parameters of the Rule 10b5-1 repurchase plan. The Rule 10b5-1 repurchase plan allows the Company to repurchase its shares during periods when it would normally not be active in the market due to its internal trading blackout period. Ocean Shore Holding Co. is the parent company of Ocean City Home Bank. See full press release