Two Red Bank men were arrested Monday on murder charges following a knife-and-bottle fight that left a third man dead on Bank Street early Sunday morning, Monmouth County Prosecutor Peter Warshaw tells redbankgreen.

A second victim remains hospitalized in critical but stable condition, Warshaw said.

Arrested in Lakewood on weapons and murder charges were Jose Francisco Oliveres-Palma, 25, of River Street and Genarro Guerrero-Montes, of 9 Bank Street, the house outside which police, responding to a report of a disturbance, found the two victims lying in the street with “multiple stab wounds” before dawn Sunday, Warhsaw said.

Larry Yarbrough, 39, of Shrewsbury Avenue, was pronounced dead at Jersey Shore Medical Center in Neptune an hour after police responded to what Warshaw called “a fairly significant altercation that involved a number of people on each side” as well as the use of knives and bottles.

Manuel Rosas-Oceloti, 18, of 46 Bank, remains hospitalized.

Warshaw declined to comment on what might have precipitated the melee.

“Somewhere in the course of these events, the stabbings occurred,” he said.

Yarbrough was found by authorities in the street a short distance east of 9 Bank, and Rosas-Oceloti “a few houses west” of 9 Bank.

Oliveras-Palma was charged charged with murder, attempted murder and possession of a weapon for unlawful purposes. State Superior Court Judge Thomas Scully ordered him held on $2 million bail.

Guerrero-Montes was charged with murder and weapons charges and held on $1 million bail.

Two knives were recovered in the investigation, Warshaw said.