OceanFirst Financial Corp. CFO retires; successor named

Michael Fitzpatrick is retiring as CFO in June when Patrick Barrett will take over the helm 

OceanFirst Financial Corp. said Thursday that Executive Vice President and Chief Financial Officer Michael Fitzpatrick has announced plans for his retirement, effective June 1. Patrick Barrett has been selected by the company’s board of directors as Fitzpatrick’s successor, effective June 2.

“Mike has been an invaluable member of the OceanFirst team for almost 30 years, since becoming the bank’s first chief financial officer in 1992,” Christopher Maher, chairman and CEO, said.

“We are pleased to welcome Pat Barrett to our OceanFirst leadership team,” Maher added. “Pat is an experienced CFO with an impressive career at large scale, highly effective financial services organizations. I expect Pat will be an asset to our company, contributing to our continued growth and success.”

Barrett comes to OceanFirst from First Midwest Bancorp Inc., where he was executive vice president and chief financial officer of the $22 billion asset holding company headquartered in Chicago.

Prior to joining First Midwest Bancorp, Inc., Barrett was the chief financial officer at Fulton Financial Corp. Inc. His career spans more than 30 years and includes leadership positions at SunTrust Banks, JPMorgan Chase and Deloitte.

Barrett is a Certified Public Accountant and Certified Internal Auditor.

Barrett is expected to join the company as executive vice president of finance April 18 and will work closely with Fitzpatrick to ensure a smooth transition. In addition, after June 1, Fitzpatrick will serve as a consultant for the company.