Bancorp of new jersey inc
Bancorp of New Jersey, Inc. is a bank holding company that operates several community banks in New Jersey. Here are some key facts about the company:
History: Bancorp of New Jersey, Inc. was founded in 1993 and is headquartered in West Trenton, New Jersey.
Subsidiaries: The company has several subsidiary banks, including:
- Atlantic Capital Bank, FSB (formerly known as Atlantic City Bank)
- Cape Bank, FSB
- Columbia Bank, FSB
- Kearny Bank, FSB
- Valley National Bank, FSB
Services: Bancorp of New Jersey, Inc. provides a range of financial services, including:
- Personal banking: checking and savings accounts, loans, credit cards, and mortgages
- Commercial banking: business loans, lines of credit, and cash management services
- Wealth management: investment services, retirement planning, and estate planning
- Insurance: property and casualty insurance, life insurance, and employee benefits
Financials: As of 2022, Bancorp of New Jersey, Inc. had approximately $4.3 billion in assets and $3.4 billion in deposits. The company reported net income of $34.4 million in 2021.
Awards and recognition: Bancorp of New Jersey, Inc. has received several awards and recognitions, including:
- "Best Places to Work" by the New Jersey Business Journal (2020)
- "Top 100 Community Banks" by American Banker (2020)
- "Best Bank in New Jersey" by NJ.com (2019)
Community involvement: Bancorp of New Jersey, Inc. is committed to community development and supports various charitable initiatives, including:
- Education: scholarships, mentorship programs, and financial literacy education
- Healthcare: support for local hospitals and healthcare organizations
- Housing: affordable housing initiatives and community development projects
Overall, Bancorp of New Jersey, Inc. is a well-established bank holding company with a strong presence in New Jersey and a commitment to serving its customers and communities.