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
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
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
SOURCE The Trust Company of New Jersey