Central Jersey Bank logoCentral Jersey Bancorp, incorporated on March 7, 2000, is a bank holding company. The Company combined its two bank subsidiaries, Monmouth Community Bank, N.A. and Allaire Community Bank, into a single banking entity, named Central Jersey Bank, National Association.  As of December 31, 2007, it operated 12 branch facilities located in Belmar, Bradley Beach, Long Branch, Manasquan, Point Pleasant, Spring Lake Heights, Little Silver, Neptune City, Ocean Grove, and Wall Township, New Jersey. The company was founded in 1998 and is headquartered in Long Branch, New Jersey. 

In late December 2008 Central Jersey Bancorp announced it would receive $11.3 million from the Treasury Department under its Capital Purchase Program in exchange for preferred stock and warrants. At the end of January 2009 the company reported a record net income of $2.9 million for the year ended December 31, 2008.


Resources

Bank Bio Chart | Financial Documents | Federal contracts

Lobbying reports | Political Contributions | Related Articles


Bailout Bank Bio: Central Jersey Bancorp

 

Federal Equity Investment

$11.3 million

Total Revenue

$32.228 million

Net Income

$844,000

Number of Employees

128

Corporate Headquarters

Long Branch, New Jersey

Business Sector

Bank

Officers and Directors

Vaccaro, James, Chairman of the Board, President, Chief Executive Officer of Central Jersey Bancorp Bank

Other officers and directors

Corporate Website

http://www.cjbna.com/

Executive Compensation

Central Jersey Bancorp

Financial Documents

2008-12-23 Central Jersey 8K

2008-09-30 Central Jersey 10Q

2008 Central Jersey Proxy

2007 Central Jersey 10K

Federal contracts

No federal contracts located.

Lobbying reports (if any)

Third Quarter 2008

No lobbying documents located.

Political Contributions

Center for Responsive Politics (last accessed 02/03/2009)

Related Articles

January 30, 2009 Central Jersey Bancorp Reports Record Net Income for 2008 of $2.9 Million (TradingMarkets.com)

January 15, 2008 Central Jersey Bancorp Announces Common Stock Repurchase Program (Reuters)

January 3, 2009 Central Jersey Bank gets $11M in bailout funds (APP.com)

 

Last Updated February 3, 2009

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