JERSEY CITY, N.J., Jan. 29 /PRNewswire-FirstCall/ -- The Trust Company of New Jersey (Nasdaq: TCNJ) today announced that its Board of Directors has appointed Alan J. Wilzig as Chairman of the Board effective immediately. Alan Wilzig, 37, will continue in his current role as President and Chief Executive Officer. He succeeds as Chairman his father, Siggi B. Wilzig, who passed away on January 7, 2003. "It is a great honor to follow in my father's footsteps and to continue his legacy at the Bank. I am grateful to the Board of Directors for the confidence they have shown in me and look forward to working with them and our talented staff to continue executing our growth strategy," said Alan Wilzig. The Company also announced that Larry Codey, former President of PSE&G and Trustcompany Director since 1988, will become co-Vice Chairman, joining Don Brenner, the current Vice Chairman and Director since 1968. "We are tremendously proud of Alan's achievements over the past two years as President and CEO and believe his leadership, integrity, financial acumen and dedication to Trustcompany employees and shareholders made him the obvious choice for the chairmanship," said Mr. Codey. After graduating from Wharton School of Business in 1987, Alan Wilzig began his career at Trustcompany Bank in both the Facilities and Customer Service Departments. Wilzig was promoted to a wide range of positions within the Bank and became Director of Retail Banking in 1995. He was elected to the Board of Directors in 1997 and in 1999 was promoted to Senior Executive Vice President and Chief Operating Officer. In 2001 Wilzig served as Acting President and CEO. He was named President and Chief Executive Officer in January 2002. The Trust Company of New Jersey is one of the largest and fastest growing banks based in New Jersey. It is a full service commercial bank, founded in 1896, that operates over 100 branches and over 160 ATMs throughout New Jersey's 13 Northern and Central Counties and Rockland County, New York. For further information regarding The Trust Company of New Jersey, visit our website at http://www.trustcompany.com . Certain statements in Trustcompany's press release may be forward-looking. These may be identified by the use of words or phrases such as "believe," "expect," "anticipate," and "potential." These forward-looking statements are based on Trustcompany's current expectations. A variety of factors could cause Trustcompany's actual results and experience to differ materially from the anticipated results or other expectations expressed in such forward-looking statements. The risks and uncertainties that may affect the operations, performance, development, and results of Trustcompany's business include interest rate movements, competition from both financial and non-financial institutions, changes in applicable laws and regulations, the timing and occurrence (or non-occurrence) of transactions and events that may be subject to circumstances beyond Trustcompany's control and generic economic conditions.
SOURCE The Trust Company of New Jersey