American Bancorp of New Jersey, Inc. Announces Plans to Open Full Service Branch in Nutley, New Jersey
April 09 2007 - 10:42AM
Business Wire
American Bancorp of New Jersey, Inc. (NASDAQ: ABNJ) ("American")
announced the planned opening of American Bank of New Jersey�s
newest full service branch located at 211 Harrison Street in
Nutley, New Jersey. �A number of recent banking changes have left
Nutley without a community Bank,� said Fred Kowal, President &
COO. �We are both excited and grateful for the opportunity to
provide American Bank�s financial services to those residents and
businesses of Nutley and the surrounding area who prefer banking
with a community-focused financial institution.� Mr. Kowal
continued, �Our new location in Nutley had been a bank branch that
was recently closed. We are now in the process of renovating that
branch to better serve our customers and expect to open the doors
of our newly updated Nutley branch in May of this year." American
Bank�s contiguous growth into Nutley expands the list of Essex
county markets served by the Bank which also includes the local
communities of Bloomfield, Cedar Grove and Verona, New Jersey. As
of December 31, 2006, the Company had consolidated total assets of
$524.3 million and stockholders' equity of $112.6 million. The Bank
is a federally chartered stock savings bank which conducts business
from its main office in Bloomfield, New Jersey and its branch
offices located in the communities listed above. The foregoing
material contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995 concerning our
financial condition, results of operations and business. We caution
that such statements are subject to a number of uncertainties and
actual results could differ materially, and, therefore, readers
should not place undue reliance on any forward-looking statements.
We do not undertake, and specifically disclaim, any obligation to
publicly release the results of any revisions that may be made to
any forward-looking statements to reflect the occurrence of
anticipated or unanticipated events or circumstances after the date
of such statements.
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