First Sentinel Bancorp Announces Results From Annual Stockholder Meeting

Apr 30, 2001, 01:00 ET from First Sentinel Bancorp, Inc.

    WOODBRIDGE, N.J., April 30 /PRNewswire/ -- The Board of Directors of
 First Sentinel Bancorp, Inc., (Nasdaq:   FSLA) ("First Sentinel") the holding
 company for First Savings Bank, today reported the results from its Annual
 Meeting of Stockholders held on April 25, 2001 at the Sheraton at Woodbridge
 in Iselin, N.J.  As provided by Registrar and Transfer Company, the
 independent inspector of election, stockholders approved the following
 proposals:
      -- On Proposal #1, shareholders voted 93.8% in favor of the election of
         three directors, namely George T. Hornyak, Jr., John P. Mulkerin and
         Jeffries Shein.
 
      -- On Proposal #2, shareholders voted 98.7% in favor of the ratification
         of KPMG LLP as the independent auditors of the Company for the year
         ending December 31, 2001.
 
     A proposal by Jewelcor Management Inc. ("Jewelcor") was introduced at the
 meeting by a representative of Jewelcor but was not seconded by any of the 170
 other stockholders present in person at the meeting.  As a result, under the
 rules of conduct adopted for the meeting, the proposal was not properly
 presented.  Nevertheless, based on the proxies solicited by the Board of
 Directors, had the motion been seconded and voted upon, the proposal would
 have been defeated, having received only 21.8% of the total shares eligible to
 vote, which amounts to 30.9% of the votes that had been cast.
     The Company also announced the promotion of Thomas Lyons, CPA to the
 position of Senior Vice President and Chief Financial Officer.
     First Sentinel, through its subsidiary, First Savings Bank, operates
 22 branch offices in Middlesex, Monmouth, Mercer and Union Counties, New
 Jersey.
 
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SOURCE First Sentinel Bancorp, Inc.
    WOODBRIDGE, N.J., April 30 /PRNewswire/ -- The Board of Directors of
 First Sentinel Bancorp, Inc., (Nasdaq:   FSLA) ("First Sentinel") the holding
 company for First Savings Bank, today reported the results from its Annual
 Meeting of Stockholders held on April 25, 2001 at the Sheraton at Woodbridge
 in Iselin, N.J.  As provided by Registrar and Transfer Company, the
 independent inspector of election, stockholders approved the following
 proposals:
      -- On Proposal #1, shareholders voted 93.8% in favor of the election of
         three directors, namely George T. Hornyak, Jr., John P. Mulkerin and
         Jeffries Shein.
 
      -- On Proposal #2, shareholders voted 98.7% in favor of the ratification
         of KPMG LLP as the independent auditors of the Company for the year
         ending December 31, 2001.
 
     A proposal by Jewelcor Management Inc. ("Jewelcor") was introduced at the
 meeting by a representative of Jewelcor but was not seconded by any of the 170
 other stockholders present in person at the meeting.  As a result, under the
 rules of conduct adopted for the meeting, the proposal was not properly
 presented.  Nevertheless, based on the proxies solicited by the Board of
 Directors, had the motion been seconded and voted upon, the proposal would
 have been defeated, having received only 21.8% of the total shares eligible to
 vote, which amounts to 30.9% of the votes that had been cast.
     The Company also announced the promotion of Thomas Lyons, CPA to the
 position of Senior Vice President and Chief Financial Officer.
     First Sentinel, through its subsidiary, First Savings Bank, operates
 22 branch offices in Middlesex, Monmouth, Mercer and Union Counties, New
 Jersey.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X16732650
 
 SOURCE  First Sentinel Bancorp, Inc.