SOURCE: New Jersey Community Bank
FREEHOLD, NJ--(Marketwire - Aug 23, 2012) - Robert D. O'Donnell, Chairman and CEO of New Jersey Community Bank (OTCBB: NJCB) (the "Bank"), today announced that Terry H. Thompson has been named President and Chief Operating Officer of New Jersey Community Bank.
Mr. O'Donnell stated that, "The promotion of Terry, an experienced community banker, by the Board recognizes his abilities and that together with Mr. Naqvi, EVP/CFO and myself, as the Executive Management Team, New Jersey Community Bank will continue its exceptional performance and commitment to our customers and the communities that we serve."
Mr. Thompson has served as the Executive Vice President and Chief Operating Officer since joining the Bank in July of 2011. He has over 42 years experience in community banking in New Jersey, previously as President/COO of Sussex Bank and as a Senior Officer at Summit Bank/Ocean (County) National Bank. He has served on many charitable boards, such as the Karen Ann Quinlan Hospice Board, United Way of Sussex County, Sussex Area Charities, The American Cancer Society/Sussex Chapter, as well as many financial service organizations, such as The Board of the New Jersey Bankers Association and The National Board of the Independent Community Bankers Association. Mr. Thompson is also involved in many veterans groups and served two tours in Vietnam with the United States Army. He is a resident of Jackson, NJ.
"On behalf of the Board of Directors and myself, I congratulate Terry on his promotion," concluded Mr. O'Donnell.
About the Bank
New Jersey Community Bank is a state-chartered commercial bank headquartered in Freehold, New Jersey. The Bank opened for business in July 2008 and operates three full-service banking offices in the central New Jersey counties of Monmouth and Middlesex. The Bank provides traditional commercial and retail banking services to small businesses and consumers. For additional information about New Jersey Community Bank, please visit www.njcbk.com or call 732-431-2265.
This release contains forward-looking statements relating to present or future trends or factors affecting the banking industry, and specifically the financial condition and results of operations, including without limitation, statements relating to the earnings outlook of the Bank, as well as its operations, markets and products. Actual results could differ materially from those indicated. Among the important factors that could cause results to differ materially are interest rate changes, change in economic climate, which could materially impact credit quality trends and the ability to generate loans, changes in the mix of the Bank's business, competitive pressures, changes in accounting, tax or regulatory practices or requirements, resolution of tax reviews, and those risk factors detailed in the Bank's periodic reports. The Bank undertakes no obligation to release revisions to these forward-looking statements or reflect events or circumstances after the date of this release.