As of May 2, 2016, Cape Bancorp, Inc. was acquired by OceanFirst Financial Corp. Cape Bancorp, Inc. operates as the holding company for the Cape Bank that provides various business and personal banking products to individuals and businesses in New Jersey. It accepts various deposit products, such as non-interest-bearing demand deposits, including checking accounts; interest-bearing checking accounts and money market accounts; savings accounts; and certificates of deposit. The company also offers various loan products comprising commercial mortgage loans, one-to-four family residential mortgage loans, commercial business loans, construction loans, home equity loans and lines of credit, and other consumer loans. It provides its banking products and services through its 22 full service offices located in Atlantic, Cape May, Cumberland, and Gloucester counties in New Jersey; 3 market development offices (MDOs) located in Burlington, Cape May, and Atlantic Counties in New Jersey; and 2 MDOs in Pennsylvania servicing the five county Philadelphia market located in Radnor, Delaware County, and in Philadelphia. The company was founded in 1923 and is based in Cape May Court House, New Jersey.