Nest Egg Completes Strategic Financing Round

Nest Egg Partners with OceanFirst Bank, Republic Bancorp, Inc., and Others to Expand its National Footprint

CONSHOHOCKEN, Pa.--(BUSINESS WIRE)-- Nest Egg, a technology-forward investment advice platform for customers of banks and credit unions, is pleased to announce its latest round of financing, led by partners OceanFirst Bank and Republic Bancorp, Inc., as well as other strategic investors.

Nest Egg provides welcoming and on-demand investment advice for bank and credit union customers. (Photo: Business Wire)

Nest Egg’s strategic funding will support the company in expanding its investment platform presence across the United States. Currently partnered with 11 financial institutions, Nest Egg services are accessible to nearly 1 million bank customers at over 100 locations in 12 states. Nest Egg is slated to finalize several new partnerships in 2023, continuing momentum gained in 2022 and early 2023.

Michael Church, Nest Egg CEO and Co-Founder shares, “These recent investments by our valued partners validate what we are doing – delivering tailored, on-demand investment advice in collaboration with customers’ trusted financial institutions. We believe that Nest Egg is filling a significant void by offering a modern, innovative investment platform to nearly every partner institution customer.”

Nest Egg delivers its financial advice to customers through a proprietary, intuitive interface. Every Nest Egg customer can meet with experienced, licensed financial advisors face-to-face and on-demand, either via terminals in branch locations or online anywhere, to discuss their financial future.

Joseph J. Lebel III, OceanFirst Bank N.A. President and COO notes, “Nest Egg is a valued part of our customer experience, making it easy to invest when it is most convenient and appropriate for each customer. We are pleased to support the company as it expands to more banks and credit unions and builds what we believe is the best investment platform in the industry.”

Investor Republic Bancorp, Inc., has introduced Nest Egg in each of the locations of subsidiary Republic Bank & Trust Company (“Republic Bank”) and via Republic Bank’s mobile banking application. Andrew Trager Kusman, Chief Strategy Officer of Republic Bank shares, “It has been helpful to have a solution that our Associates can confidently recommend, knowing that a thoughtful, licensed advisor will guide each investor with the same care we extend to each customer of our bank. Nest Egg is part of our continued commitment to provide our customers with innovative financial services to achieve their life goals.”

“With account minimums of $1,000, online and live video advisors on-demand, and a fast and easy account opening process, we are proud to provide expert financial advice to many, including those for whom it has been previously inaccessible. Our strategic partners’ investment in Nest Egg will enable us to reach more and more Americans via our trusted bank and credit union partners,” said Arden Miller, Co-Founder & President of Nest Egg.

About Nest Egg:
Nest Egg is an industry-leading investment advice platform which services customers via partnerships with banks, credit unions, registered investment advisors, broker dealers, and trust departments across the country. Eliminating the roadblocks which can traditionally stand between aspiring investors, Nest Egg delivers a turn-key investment platform, access to seasoned advisors, and best-in-class technology to accounts of all sizes. For more information, visit Nest Egg’s website.

About OceanFirst Bank:
OceanFirst Financial Corp. (NASDAQ: OCFC) subsidiary, OceanFirst Bank N.A., founded in 1902, is a $13.6 billion regional bank providing financial services throughout New Jersey and in the major metropolitan markets of Philadelphia, New York, Baltimore, and Boston. OceanFirst Bank delivers commercial and residential financing, treasury management, trust and asset management, and deposit services and is one of the largest and oldest community-based financial institutions headquartered in New Jersey. To learn more about OceanFirst, go to www.oceanfirst.com.

About Republic Bank:
Republic Bancorp, Inc. (the “Company”) is the parent company of Republic Bank & Trust Company (the “Bank”). The Bank currently has 45 banking centers in communities in four metropolitan statistical areas (“MSAs”) across five states: 22 banking centers located in the Louisville MSA in Louisville, Prospect, Shelbyville, and Shepherdsville in Kentucky, and Floyds Knobs, Jeffersonville, and New Albany in Indiana; six centers in the Lexington MSA in Georgetown and Lexington in Kentucky; eight banking centers in the Cincinnati MSA in Kenwood, Norwood and West Chester in Ohio, and Bellevue, Covington, Crestview Hills, and Florence in Kentucky; seven centers in the Tampa MSA in Largo, New Port Richey, St. Petersburg, Seminole, Tampa, and Temple Terrace in Florida; and two banking centers in the Nashville MSA in Cool Springs and Green Hills, Tennessee. The Bank offers internet banking at www.republicbank.com. As of March 31, 2023, the Company had approximately $6.1 billion in assets and is headquartered in Louisville, Kentucky. The Company’s Class A Common Stock is listed under the symbol “RBCAA” on the NASDAQ Global Select Market.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230605005111/en/

Kate Ryan Baird

kate@kateryanpr.com

774.929.5223

Source: Nest Egg