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Ocean Shore to redeem remaining $7 million of 8.67% capital securities
By Tali Rackner
Norfolk, Va., July 27 – Ocean Shore Holding Co. will redeem the remaining $7 million of 8.67% capital securities issued by Ocean Shore Capital Trust I, a wholly owned subsidiary of the company, according to a press release.
The securities will be redeemed at 101.301 plus dividends on Aug. 26.
Ocean Shore Holding Co. is the holding company for Ocean City Home Bank, a federal savings bank based in Ocean City, N.J.
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