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New Jersey Community Bank Announces the Opening of New Branch Office in Cranbury, NJ

/ Source: GlobeNewswire

FREEHOLD, N.J., June 9, 2011 (GLOBE NEWSWIRE) -- Robert D. O'Donnell, Chairman and Chief Executive Officer of New Jersey Community Bank (OTCBB:NJCB) (the "Bank") today announced the opening of their new branch office in Cranbury, New Jersey. This represents the third branch office established by NJCB since its inception in July 2008. It's a full service banking facility located at 68 Main Street in the heart of Cranbury.

James A. Kinghorn, President and Chief Operating Officer commented that, "We are very excited to be in this new marketplace. We believe it gives us an opportunity to serve the banking needs of the local communities in and around Cranbury area with highly-focused personable customer service. Accordingly, we added the appropriate managerial talent to allow us to grow the balance sheet and strengthen our operations, while maintaining the important task of improving shareholder value."

"We are pleased to announce the addition of Huell 'Ed' Alberty as Senior Vice President in Commercial Lending and Elaine Homoky as Assistant Vice President and Branch Manager," said Mr. Kinghorn. Both Ed and Elaine are assigned to the Cranbury office.

Ed Alberty brings to the Bank over 30 years of experience in commercial lending in the New Jersey area. Prior to joining the Bank, he was Vice President at Hopewell Valley Community Bank and managed their Cranbury Loan Production Office. Previously Mr. Alberty has held various positions at Sun National Bank formerly Community Bank of Central New Jersey and First Bank of Central Jersey. He is a graduate of William Paterson College with concentration in Business Administration and Accounting. He is a Marine Corps veteran with service in Vietnam.

Elaine Homoky, brings to the bank more than 25 years of experience in branch management. Prior to joining the Bank, she was Assistant Treasurer at 1st Constitution Bank and managed the Cranbury office. Mrs. Homoky is a graduate of Rutgers University with concentration in Business Administration. She is an active member of the Cranbury Lions Club and serves on its Board as Assistant Treasurer.

"We welcome both Ed and Elaine to New Jersey Community Bank family and we are delighted to have them," commented 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 two full-service banking offices in the central New Jersey county of Monmouth. The Bank provides traditional commercial and retail banking services to small businesses and consumers. For additional information about New Jersey Community Bank, please visit or call 732-431-2265.

The New Jersey Community Bank logo is available at

Forward-Looking Statements

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.

CONTACT: New Jersey Community Bank Robert D. O'Donnell Chairman and CEO James A. Kinghorn President and COO Naqi A. Naqvi SVP & CFO