New Jersey-based OceanFirst Bank is expanding into the Boston market and has hired TD Bank’s former market president to build a commercial banking team.

Daniel Griggs has joined the $11.5 billion-asset OceanFirst Bank as president of the Boston regional market, the bank said in a statement. Griggs will be responsible for building a commercial banking team that will work with businesses throughout Massachusetts. Previously TD Bank’s Eastern Massachusetts market president, Griggs has more than 32 years of industry experience, including at the former Bay Bank, First NH Bank and its successor, Citizens Bank.

Griggs is a member of the boards of MassBay United Way, Lawrence Partnership, Merrimack Valley Chamber of Commerce and North Shore Chamber of Commerce.

In addition to New Jersey, OceanFirst operates in the Philadelphia, New York, Washington D.C. and Baltimore markets. The bank does not yet have a retail presence in Massachusetts. The bank also recently hired Tom Crawford, the former Mid-Atlantic market president for BBVA, for its Baltimore expansion.

“As OceanFirst continues the strategic expansion of our commercial banking network, our experience has shown, this is a people-driven effort. We are fortunate to have Dan and Tom, both accomplished banking professionals each with more than 30 years of experience in their respective markets, join our team and lead our expansion plans in the Boston and Baltimore regions,” Joseph J. Lebel III, OceanFirst’s president and chief operating officer, said in the statement. “At OceanFirst we look forward to providing commercial banking solutions to businesses in our new markets in the Northeast under the leadership of Dan and Tom.”

OceanFirst Bank Expands into Greater Boston

by Banker & Tradesman time to read: 1 min
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