American Bancorp of New Jersey, Inc. Announces 2009 Annual Meeting Results, Including Approval of Merger with Investors Banco...
May 19 2009 - 3:30PM
Business Wire
American Bancorp of New Jersey, Inc. (NASDAQ: ABNJ) (�American�
or the �Company�), the holding company for American Bank of New
Jersey (the �Bank�), held the Company�s annual meeting of
stockholders on May 19, 2009.
At that annual meeting, the Company�s stockholders approved the
merger of American Bancorp of New Jersey, Inc. into Investors
Bancorp, Inc. pursuant to the Agreement and Plan of Merger between
the parties. The merger is expected to close on May 31, 2009.
The Company�s stockholders also elected Joseph Kliminski to the
Board of Directors for a four-year term and ratified the
appointment of Crowe Horwath LLP as the Company�s independent
registered public accounting firm for the year ended September 30,
2009.
At March 31, 2009, American Bancorp of New Jersey, Inc. had
total assets of $666.9 million. American Bank of New Jersey
maintains its headquarters and one full service bank branch in
Bloomfield, New Jersey with four additional branch locations in
Cedar Grove, Verona, Nutley and Clifton, New Jersey.
Forward-Looking Statements
This press release contains forward-looking statements with
respect to American Bancorp of New Jersey, Inc. These
forward-looking statements involve certain risks and uncertainties.
Factors that may cause actual results to differ materially from
those contemplated by such forward-looking statements, include
among others, the following possibilities: (1) changes in the
interest rate environment; (2) competitive pressure among financial
services companies; (3) general economic conditions including an
increase in non-performing loans that could result from an economic
downturn; (4) changes in legislation or regulatory requirements;
(5) difficulties in continuing to improve operating efficiencies;
(6) difficulties in the integration of acquired businesses; and (7)
increased risk associated with an increase in commercial
real-estate and business loans and non-performing loans.
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