Ocean Federal Savings Bank, Toms River, N.J., has a deal to buy the deposits of Summit Bank's Whiting, N.J., branch for an undisclosed price.

Ocean Federal, which has $1.5 billion of assets, would buy 1,900 accounts with $16.8 million of deposits from Hackensack, N.J.-based Summit, which is closing its branch in Whiting.

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