| Business Summary | | Community
Bancorp
of
New
Jersey
is
the
holding
company
for
the
Community
Bank
of
New
Jersey
(the
Bank).
The
Bank
operates
from
its
main
office
in
Freehold,
New
Jersey
and
its
four
branch
offices
located
in
Freehold,
Howell,
Matawan
and
Manalapan,
New
Jersey.
The
Bank
conducts
a
traditional
commercial
banking
business
and
offers
services
including
personal
and
business
checking
accounts
and
time
deposits,
money
market
accounts
and
regular
savings
accounts.
The
Bank
structures
its
specific
services
and
charges
in
a
manner
designed
to
attract
small
and
medium-sized
businesses
and
the
owners
and
managers
of
these
entities,
professionals
and
middle
managers
of
locally
based
corporations,
residential
real
estate
tract
developers
and
individuals
residing,
working,
and
shopping
in
the
Monmouth,
Middlesex,
and
Ocean
County,
New
Jersey
trade
area.
The
Bank
engages
in
a
range
of
lending
activities
and
offers
commercial,
consumer,
residential
and
non-residential
mortgage
and
construction
loans. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CBNJ
is
the
bank
holding
company
for
the
Community
Bank
of
New
Jersey,
which
is
a
state
chartered
commercial
bank.
For
the
six
months
ended
6/30/01
total
interest
income
rose
40%
to
$6.9
million.
Net
interest
income
after
loan
loss
prov.
rose
36%
to
$3.7
million.
Net
income
increased
76%
to
$681
thousand.
Net
interest
income
reflects
higher
interest
earning
asset
balances,
partially
offset
by
increased
CD's.
Earnings
reflect
higher
non-interest
fees
and
commissions. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Howard Schoor, 62 Chairman | -- | Robert O'Donnell, 54 Pres,
CEO, Director | $254K | Charles Kaempffer, 63 Vice
Chairman | -- | Eli Kramer, 46 Vice
Chairman | -- | Michael Bis, 52 CFO,
VP | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|