The Trust Company of New Jersey Names Alan Wilzig Chairman of the Board

Jan 29, 2003, 00:00 ET from The Trust Company of New Jersey

    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
 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 .
     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