SOURCE: New Jersey Community Bank

New Jersey Community Bank

April 26, 2012 17:30 ET

New Jersey Community Bank Announces 5% Stock Dividend

FREEHOLD, NJ--(Marketwire - Apr 26, 2012) - At its annual shareholders' meeting held today, Robert D. O'Donnell, Chairman and CEO, announced that the Board of Directors of New Jersey Community Bank (OTCBB: NJCB) (the "Bank") at its regular meeting held on April 26, 2012, approved and declared a 5% stock dividend on the Bank's common stock. The stock dividend is payable on May 31, 2012 to shareholders of record on May 18, 2012. Currently, the Bank has 1,731,204 shares of common stock issued and outstanding.

About the Bank
New Jersey Community Bank is a state-chartered commercial bank headquartered in Freehold, New Jersey. The Bank opened for business in July 2008 and operates three full-service banking offices in the central New Jersey counties of Monmouth and Middlesex. The Bank provides traditional commercial and retail banking services to small businesses and consumers. For additional information about New Jersey Community Bank, please visit www.njcbk.com or call 732-431-2265.

Forward-Looking Statements
This release contains forward-looking statements relating to present or future trends or factors affecting the banking industry, and specifically the financial condition and results of operations, including without limitation, statements relating to the earnings outlook of the Bank, as well as its operations, markets and products. Actual results could differ materially from those indicated. Among the important factors that could cause results to differ materially are interest rate changes, change in economic climate, which could materially impact credit quality trends and the ability to generate loans, changes in the mix of the Bank's business, competitive pressures, changes in accounting, tax or regulatory practices or requirements, resolution of tax reviews, and those risk factors detailed in the Bank's periodic reports. The Bank undertakes no obligation to release revisions to these forward-looking statements or reflect events or circumstances after the date of this release.

Contact Information

  • Contacts at New Jersey Community Bank:

    Robert D. O'Donnell
    Chairman, President and CEO
    rodonnell@njcbk.com

    Naqi A. Naqvi
    Executive Vice President & CFO
    nnaqvi@njcbk.com

    3441 Route Nine North
    Freehold, New Jersey 07728
    (732) 431-2265
    Fax (732) 303-1831
    www.njcbk.com