Toms River-based OceanFirst Bank, the wholly-owned subsidiary of OceanFirst Financial Corp., announced Tuesday it has appointed Grace Vallacchi chief risk officer and executive vice president, effective Sept. 5.
Vallacchi has more than 25 years of experience in commercial banking and regulatory oversight. She will be responsible for managing credit risks and enterprise functions of the bank.
Currently, Vallacchi is an associate deputy comptroller in the Northeastern District of the Office of the Comptroller of the Currency. She began her career at First Fidelity Bank.