Rumson-Fair Haven Bank & Trust Company Announces Amendment to Bylaws
RUMSON, N.J., April 2, 2012 /PRNewswire/ -- (OTCBB: RFHB) -- Rumson-Fair Haven Bank & Trust Company (the "Bank") announced today that its Board of Directors has approved and adopted an amendment to the Bank's Bylaws (as so amended, the "Bylaws"), effective immediately, to include an advance notice provision for stockholder nominations and other business proposals. The Bylaws will require stockholders to provide written notice to the Secretary of the Bank at its principal office, of any stockholder's intent to nominate a director for election or submit a proposal for any new business to be taken up at any annual meeting of stockholders, not less than 90 days nor more than 60 days prior to the first anniversary of the preceding year's annual meeting. Any such notice is required to contain specified information and the stockholder must comply with other requirements as set forth in the Bylaws.
For purposes of the 2012 annual meeting of stockholders, which is currently scheduled for April 25, 2012, stockholders shall have ten (10) days following today's public announcement of the amendment to the Bylaws to submit its notice of director nominations or business proposals.
About the Bank
The Bank is a New Jersey state-chartered bank with five branch offices, all of which are located in Monmouth County, New Jersey. The Bank's principal office is located at 20 Bingham Avenue, Rumson. The Bank's other branch offices are located at 636 River Road, Fair Haven; 500 Broad Street, Shrewsbury; 251 East Main Street, Oceanport; and 511 Cookman Avenue, Asbury Park. The business of the Bank is to provide deposit and lending services for individuals and small to medium-sized businesses and professional practices in the Bank's market area. The Bank offers traditional services such as safe deposit boxes and drive-up teller windows, as well as internet banking and electronic bill-payment. Please visit the Bank's website at www.rfhbank.com for additional information about the Bank.
Contact
Dennis J. Flanagan, President and Chief Executive Officer, (732) 933-4445
SOURCE Rumson-Fair Haven Bank & Trust Company
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