SOURCE: North Jersey Community Bank

February 14, 2006 09:00 ET

North Jersey Community Bank Celebrates One-Year Anniversary; Hits Record $100 Million in Deposits in First Year

Year Highlighted With Record Setting Deposit and Loan Growth and Opening of Second Branch

ENGLEWOOD CLIFFS, NJ -- (MARKET WIRE) -- February 14, 2006 --North Jersey Community Bank (NJCB), a full-service independent bank created to serve the Northern New Jersey marketplace, is proud to celebrate the Company's one-year anniversary as it continues to set records as the fastest growing bank in New Jersey history. Since opening its first branch in Englewood Cliffs, NJ in January 2005, NJCB has grown to more than $100 million in deposits and over $110 million in assets. The Company's early success led to the opening of a second branch in October 2005 in Fort Lee, NJ with plans for further expansion throughout Northern Bergen County in 2006.

"The success we have recorded in our first year demonstrates that the people and businesses of Bergen County are responding to our focus on the customer and unique knowledge of the communities we serve," said Frank Sorrentino III, Chairman of North Jersey Community Bank. "One year ago we made a promise to our customers to provide them with the highest level of personal service, broad product range and real-time access to decision-makers. By fulfilling that commitment, NJCB continues to set records for deposits and loan growth."

"The record-setting pace we have achieved in our first year is a testament to the hard work and commitment of the entire NJCB team," said Paul E. Fitzgerald, President and CEO of North Jersey Community Bank. "By putting together an experienced and dedicated group of banking professionals who truly understand our customers and their communities, we have been able to show that NJCB is really a better place to be."

NJCB offers a complete range of financial services for both personal and business customers, backed by advanced technology. The bank provides a full line of banking products and services, including mortgages, home equity loans and lines of credit, as well as a wide selection of commercial services. The bank features extended lobby hours from 7:00 a.m. to 7:00 p.m., Monday through Friday and 9:00 a.m. to 1:00 p.m. Saturday. NJCB also features a 24-hour ATM service and free on-line banking at www.njcb.com.

About North Jersey Community Bank:

North Jersey Community Bank was founded by local community and business leaders to provide the highest level of personalized community banking services to Northern New Jersey. With a strong commitment to the communities it serves, the bank offers a variety of innovative deposit and loan products. NJCB is an Equal Housing and Equal Opportunity Lender, and a member of the Federal Deposit Insurance Corporation. For more information, call 201-816-8900, or visit the bank's web site at www.njcb.com.

Contact Information

  • Contact:
    Paul E. Fitzgerald
    North Jersey Community Bank
    President and CEO
    Phone: 201-816-8900
    Email: Email Contact

    Theresa Willms
    MWW Group
    Public Relations
    Phone: 201-507-9500
    Email: Email Contact