FINANCIAL_SERVICESAPPROVED

Cumberland Regional School District Agenda District Reorganization/Regular Board Meeting 2026-05-27

OceanFirst Bank Named Official Depository and Payroll Bank

Cumberland Regional School DistrictOCEANFIRST BANK NAMay 23, 2026

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Description

The Board plans to designate OceanFirst Bank N.A. as the official depository for district funds and to implement employee direct deposit through the bank for the 2026-2027 school year. The resolutions define authorized signatories and electronic transfer authority for all accounts.

Contract Details

Vendor

OCEANFIRST BANK NA

Agency

Cumberland Regional School District, NJ

Contract Type

FINANCIAL_SERVICES

Document Date

May 23, 2026

Contract Term

July 1, 2026 – December 31, 2026 for official depositories; 2026-2027 school year for direct deposit

Renewal Date

2026-12-31

Renewal Info

Depository and direct deposit designations run through at least December 31, 2026, and the 2026-2027 school year; subject to subsequent annual board action.

Related Contracts

Village of New Hyde Park Board Meeting Agenda 2026-05-21

AMENDED

Village of New Hyde Park (New York)May 21, 2026

Village of Port Jefferson Board of Trustees Work Session Meeting Minutes 2026-05-13

APPROVED

Village of Port Jefferson (New York)May 13, 2026

Issuing Agency

Cumberland Regional School District

School

Bridgeton, NJ

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Vendor