North Jersey Community Bank Achieves $500 Million in Both Deposits and Loans

Bank Continues to Thrive, Sets Standard for Banking Industry

Dec 02, 2010, 09:01 ET from North Jersey Community Bank

ENGLEWOOD CLIFFS, N.J., Dec. 2, 2010 /PRNewswire/ -- North Jersey Community Bank (NJCB), the fastest growing bank in New Jersey, today announced that it has surpassed $500 million in both deposits and loans, growing to nearly $600 million in total assets. NJCB opened its doors just over five years ago in Englewood Cliffs, NJ and has grown to seven branches throughout North Jersey.

"Achieving this tremendous milestone in the midst of such a troubling economic climate is a remarkable accomplishment for us," said Frank Sorrentino III, chairman and CEO of North Jersey Community Bank. "It is because of our dedicated employees who work hard every day to serve our communities, and our loyal customers, who have put their trust into NJCB, that we have seen such success and solid growth."

NJCB's dedication to providing industry-leading customer service has been a key element to its continued success. NJCB strives to provide the highest level of individualized customer service and to utilize creative solutions that address the individual financial needs of each of its customers.  

"Our wide range of financial products, services and the latest technology allows us to offer our customers the ultimate banking experience," said Laura Criscione, CFO of NJCB. "The variety of choices, convenience and value of our services is what keeps our customers loyal to NJCB. We are thrilled to announce this milestone, and look forward to continuing to take deposits and make loans for qualified customers in the communities we serve."

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 all types of business loans, residential mortgages, home equity loans and lines of credit, as well as a wide selection of commercial services. Its Totally Free Checking has captured national attention as one of the remaining banks that still offer this service.  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 – Cresskill, Cliffside Park/Fort Lee, Hackensack, Englewood Cliffs, Ridgewood, Fort Lee and West New York – 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 Park/Fort Lee, Hackensack, Englewood Cliffs 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 received a top ten ranking on NJBIZ's 50 Fastest Growing Companies List, was a finalist for the publication's Emerging Business of the Year award and was named to Inc. Magazine's Inc. 500|5000 list as the 64th fastest growing bank in the country.

In addition, NJCB was also a recipient of the Forbes® Enterprise Awards--the most esteemed and sought after small-business awards in the United States. The Forbes® 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 website at www.njcb.com.

SOURCE North Jersey Community Bank



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http://www.njcb.com