PRINCETON, N.J., June 7, 2012 /PRNewswire/ -- The Bank of Princeton (the "Bank") has appointed Edward J. Dietzler to the position of President of the Bank, as decided by the unanimous decision of the board of directors, according to Andrew M. Chon, Chairman of the Bank. Before being named Acting President, Mr. Dietzler was the Bank's Executive Vice President and Chief Operating Officer.
Mr. Dietzler was Acting President for the past five months and has been with the Bank since September, 2009 as a senior officer and member of the executive committee. He has overseen the day-to-day operations of the Bank's 11 branches and has been closely involved with its mergers and acquisitions activity and risk management oversight.
Mr. Dietzler is a veteran banking executive with more than 25 years experience in the field. He was a managing director at Bear Stearns Bank and Trust in Princeton, New Jersey. Previously, he was with Yardville National Bank as first senior vice president of capital markets and with GMAC Mortgage Corporation as the director of risk management. He earned his B.A. in finance and his MBA from Widener University. He lives in Langhorne, Pennsylvania.
"Ed Dietzler has proven his abilities while performing the duties of Acting President. He has enhanced relationships with our customers, investors and employees. He has great enthusiasm and is guiding us through an exciting period of growth," said Mr. Chon.
The Bank of Princeton is a community bank founded in 2007. It was recently named one of New Jersey's 50 Fastest Growing Companies by NJBIZ. It is a New Jersey state-chartered commercial bank with eight branches in New Jersey, including three in Princeton and others in Hamilton, Pennington, Montgomery, Monroe Township and Lambertville, and three branches operating under the MoreBank name in the Philadelphia, Pennsylvania area. The Bank currently has two new branches in the development stage located in Philadelphia, Pennsylvania and in New Brunswick, New Jersey. The Bank of Princeton is a member of the FDIC.
The Bank of Princeton may from time to time make written or oral "forward-looking statements," including statements contained in the Bank's filings with the FDIC, in its reports to stockholders, and in other communications by the Bank (including this press release), which are made in good faith by the Bank pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve risks and uncertainties, such as statements of the Bank's plans, objectives, expectations, estimates and intentions that are subject to change based on various important factors (some of which are beyond the Bank's control). The following factors, among others, could cause the Bank's financial performance to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements: the strength of the United States economy in general and the strength of the local economies in which the Bank conducts operations; credit risk associated with our lending activities; risks relating to our significant real estate collateral and the real estate market; the effects of, and changes in, trade, monetary and fiscal policies and laws, including interest rate policies of the Board of Governors of the Federal Reserve System, inflation, interest rate, market and monetary fluctuations; market volatility; the timely development of and acceptance of new products and services of the Bank and the perceived overall value of these products and services by users, including the features, pricing and quality compared to competitors' products and services; the willingness of users to substitute competitors' products and services for the Bank's products and services; the impact of changes in applicable laws and regulations; technological changes; acquisitions; changes in consumer spending and saving habits; and the success of the Bank at managing the risks involved in the foregoing.
The Bank cautions that the foregoing list of important factors is not exclusive. The Bank does not undertake to update any forward-looking statement, whether written or oral that may be made from time to time by or on behalf of the Bank, except as may be required by applicable law or regulation.
SVP, Director of Marketing
The Bank of Princeton
SOURCE The Bank of Princeton