Feature News

ENGLEWOOD CLIFFS, N.J., July 28 /PRNewswire/ -- North Jersey Community Bank (NJCB), the fastest growing bank in New Jersey, today announced its results for the second quarter ended June 30, 2009.

Highlights Include:

• Total Assets grew $51 million to $473 million
• Total Deposits grew $54 million to $396 million
• Total Loans grew $21 million to $343 million
• Experienced most profitable quarter since NJCB's inception
  

"Despite a challenging marketplace and a significant one time FDIC assessment levied on all banks, we continue to preserve capital, have no non-performing loans and experienced our most profitable quarter since our inception," said Frank Sorrentino III, chairman and CEO of North Jersey Community Bank. "As evidenced by our continued success, we have utilized today's marketplace challenges and converted them into smart, stable and strong growth."

Building upon its successful expansion into Hudson County with the opening of its West New York branch, NJCB increased its geographical footprint in Bergen County with the addition of its seventh branch, located in Ridgewood at 171 East Ridgewood Ave.

"The second quarter saw some exciting developments, including the acquisition of Citizens Community Bank in Ridgewood, now our seventh branch, and the launch of our Residential Mortgage Division," continued Sorrentino III. "At a time when most banks are leaving the residential mortgage industry, we decided to capitalize on this opportunity and jump into this space. Our decision is already paying dividends by generating new business and helping to broaden our relationship with our customers."

The new Residential Mortgage Division, headquartered in Ridgewood and run by Thomas Cosentino, features a broad range of products and services, enabling NJCB to compete effectively in this crowded marketplace.

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. Its Simply Better Money Market Account, with one of the highest rates in the area, is available for both business and personal accounts and includes free checking and free online bill pay. The bank features signature amenities including a free coffee bar, customer lounge and business center complete with plasma screen TVs and internet connections. Each of the seven branches also feature NJCB's exclusive "Coin Toss" free coin counting machine as well as 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. In addition, the Cresskill, Cliffside/Fort Lee, Hackensack and West New York locations offer a drive-thru window with extended hours from 7:00 a.m. to 7:00 p.m. NJCB also provides 24-hour ATM service and free online banking at www.njcb.com.

About North Jersey Community Bank (NJCB):

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.

North Jersey Community Bank was recently named number 18 on NJBIZ's 50 Fastest Growing Companies list and was a finalist for the publication's Emerging Business of the Year award.

In addition, NJCB was also a recipient of the Forbes(R) Enterprise Awards--the most esteemed and sought after small-business awards in the United States. The Forbes(R) Enterprise Awards honor the visionary practices and exemplary achievements of a select few small businesses.

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.