The Trust Company of New Jersey First Quarter Earnings will be Sharply Higher Than Last Year

Apr 27, 2001, 01:00 ET from The Trust Company of New Jersey

    JERSEY CITY, N.J., April 27 /PRNewswire/ -- Siggi B. Wilzig, Chairman and
 Chief Executive Officer of The Trust Company of New Jersey (Nasdaq: TCNJ),
 announced at today's Annual Meeting of Shareholders and to the public that the
 Bank's earnings for the first quarter of this year will be dramatically higher
 than last year.
     Fee income has risen sharply, income from securities and securities
 transactions has been and continues to be robust and loan demand and volume
 has been extraordinary.
     Despite the increase in loan volume, the Trustcompany ranks among the best
 banks in the Nation in terms of low delinquencies.
     Wilzig stated, "Based on the sharp increase in loan volume combined with
 our superb asset quality we expect an excellent year overall."
 
          Trustcompany Bank -- growing to 100 branches in 14 counties
             in North and Central New Jersey. Assets: $3.6 Billion.
 
                        The Trust Company of New Jersey
                    35 Journal Square, Jersey City, NJ 07306
                             Office of the Chairman
                     Lisa Goldstein, Shareholder Relations
                                 1-800-843-8868
 
     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
 conditions.
 
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SOURCE The Trust Company of New Jersey
    JERSEY CITY, N.J., April 27 /PRNewswire/ -- Siggi B. Wilzig, Chairman and
 Chief Executive Officer of The Trust Company of New Jersey (Nasdaq: TCNJ),
 announced at today's Annual Meeting of Shareholders and to the public that the
 Bank's earnings for the first quarter of this year will be dramatically higher
 than last year.
     Fee income has risen sharply, income from securities and securities
 transactions has been and continues to be robust and loan demand and volume
 has been extraordinary.
     Despite the increase in loan volume, the Trustcompany ranks among the best
 banks in the Nation in terms of low delinquencies.
     Wilzig stated, "Based on the sharp increase in loan volume combined with
 our superb asset quality we expect an excellent year overall."
 
          Trustcompany Bank -- growing to 100 branches in 14 counties
             in North and Central New Jersey. Assets: $3.6 Billion.
 
                        The Trust Company of New Jersey
                    35 Journal Square, Jersey City, NJ 07306
                             Office of the Chairman
                     Lisa Goldstein, Shareholder Relations
                                 1-800-843-8868
 
     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
 conditions.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X68526865
 
 SOURCE  The Trust Company of New Jersey