Bailout Bank Bio: Community Partners Bancorp

May 18, 2009 | 1 min read | Print Article

Community Partners Bancorp (Community Partners) is a bank holding company. The Company’s wholly owned banking subsidiaries are Two River Community Bank, located in Middletown, New Jersey, and The Town Bank, located in Westfield, New Jersey (collectively, the Banks). The company was founded in 1998.

In January the company announced that it would participate in the Treasury Department’s Capital Purchase Program. Under the program Community Partners received $9 million in exchange for preferred stock.

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Bailout Bank Bio: Community Partners Bancorp


Federal Equity Investment	$9.0 million
Total Revenue	$37.447 million
Net Income	$3.652 million
Number of Employees	123
Corporate Headquarters	Middletown, New Jersey
Business Sector	Bank
Officers and Directors	Parton, Charles, Chairman of the Board, Interim President, Interim Chief Executive Officer Other Officers and Directors
Corporate Website	ww.communitypartnersbancorp.com
Executive Compensation	Community Partners Bancorp