Community Partners Bancorp Subsidiary, Two River Community Bank, Opens Three New Offices
May 07 2013 - 3:02PM
Community Partners Bancorp (Nasdaq:CPBC), (the "Company"), the
parent company of Two River Community Bank, ("Two River"),
announced that the bank continues its growth strategy by opening
three new Loan Production Offices (LPOs) in Monmouth and Middlesex
Counties.
William D. Moss, President and CEO, stated, "The Freehold and
East Brunswick LPOs are open for business, and the Piscataway LPO
will open on May 13, 2013. Dianne Talbot, Christina Youngblood and
Liz Gorman have joined the bank as Vice Presidents of Commercial
Lending and will staff these offices, respectively. The bank is
fortunate to attract such talented and experienced loan officers."
Mr. Moss also stated, "I am very pleased with the successful
execution of our plan to enter the New Brunswick market two years
ago through an LPO, which, after meeting our target metrics, will
be replaced by a full-service branch. This will be our first
branch in Middlesex County, which we expect to open later this
year."
About the Company
Community Partners Bancorp is the holding company for Two River
Community Bank, which is headquartered in Tinton Falls, New Jersey.
Two River Community Bank currently operates 16 branches throughout
Monmouth and Union Counties and four Loan Production Offices
throughout Monmouth, Middlesex and Union Counties, New Jersey. More
information about Two River Community Bank is available at
www.tworiverbank.com. More information about Community Partners is
available at www.communitypartnersbancorp.com.
Forward Looking Statements
The foregoing contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Such statements are not historical facts and include expressions
about management's confidence and strategies and management's
current views and expectations about new and existing programs and
products, relationships, opportunities, taxation, technology and
market conditions. Actual results may differ materially from such
forward-looking statements, and no undue reliance should be placed
on any forward-looking statement. For factors that may cause
results to differ materially from such forward-looking statements ,
see Community Partners' filings with the Securities and Exchange
Commission, including those risk factors identified in the "Risk
Factor" section and elsewhere in our Annual Report on Form 10-K for
the year ended December 31, 2012. Community Partners assumes no
obligation for updating any such forward-looking statements at any
time, except as required by law.
CONTACT: William D. Moss, President & CEO
Community Partners Bancorp
732-389-8722 wmoss@tworiverbank.com
A. Richard Abrahamian, Executive Vice President & CFO
Community Partners Bancorp
732-216-0167 rabrahamian@tworiverbank.com
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