Cape Bancorp, Inc.

Shareholder Corporation Litigation

Rigrodsky & Long, P.A. Announces Investigation Of Cape Bancorp, Inc. (NASDAQ GS: CBNJ) Buyout

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Cape Bancorp, Inc. (“Cape Bancorp” or the “Company”) (NASDAQ GS: CBNJ) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by OceanFirst Financial Corp. (“OceanFirst Financial”) (NASDAQ GS: OCFC), in a transaction valued at approximately $208.1 million.

Under the terms of the agreement, shareholders of Cape Bancorp will receive 0.6375 shares of OceanFirst Financial common stock and $2.25 in cash for each share of Cape Bancorp they own.  Based on OceanFirst Financial’s closing stock price on January 5, 2016, Cape Bancorp shareholders would have received compensation valued at approximately $14.97 per share.

The investigation concerns whether Cape Bancorp’s board of directors failed to adequately shop the Company and obtain the best possible value for Cape Bancorp’s shareholders before entering into an agreement with OceanFirst Financial.  According to Yahoo! Finance, at least one analyst has issued a price target for Cape Bancorp stock at $15.65 per share.

If you own the common stock of Cape Bancorp and purchased your shares before January 5, 2016, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

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