Bancorp of New Jersey, Inc. Names Michael Lesler as Chief Executive Officer,
Richard Capone as Chief Financial Officer
FORT LEE, N.J., Dec. 19, 2013 (GLOBE NEWSWIRE) -- Bancorp of New Jersey, Inc.
(NYSE MKT:BKJ), the holding company of Bank of New Jersey, today announced
that its Board of Directors has appointed Michael Lesler as President and
Chief Executive Officer, effective immediately. Mr. Lesler has served as the
President and Chief Operating Officer of the Company and the Bank since June
2009, and is Vice Chairman of the Board of Directors. He served as Executive
Vice President and Chief Financial Officer from the Bank's inception through
Albert F. Buzzetti, who had served as Chairman of the Board and Chief
Executive Officer of the Company and the Bank since their inception, passed
away on December 13, 2013.
Mr. Lesler has been an officer of the Company and the Bank since their
inception.Mr. Lesler's performance as President demonstrated to the Board
that he is well qualified for his new position and for leading Bank of New
In connection with Mr. Lesler's promotion, the Board of Directors also
appointed Richard Capone as Senior Vice President and Chief Financial Officer
of the Company and the Bank, effective immediately.Mr. Capone has served as a
Senior Vice President and the Controller of the Bank since August 17, 2009.
Bank of New Jersey, headquartered at 1365 Palisade Avenue, Fort Lee, New
Jersey, offers convenient hours and a high level of service for traditional
consumer and commercial products and services.The Bank, currently, has 9
branch offices located in Fort Lee (3 locations), Hackensack, Haworth,
Harrington Park, Englewood, Cliffside Park and Woodcliff Lake.A tenth
location, in Englewood Cliffs, NJ, has received regulatory approvals from the
FDIC and the NJDOBI.All locations are in Bergen County, NJ.
For more information about Bank of New Jersey and its products and services,
please visit http://www.bonj.net or call 201-944-8600.
If you would like to receive future Bancorp of New Jersey announcements
electronically, please email us at email@example.com.
This press release and other statements made from time to time by Bancorp of
New Jersey's management contain express and implied statements relating to our
future financial condition, results of operations, credit quality, corporate
objectives, and other financial and business matters, which are considered
forward-looking statements.These forward-looking statements are necessarily
speculative and speak only as of the date made, and are subject to numerous
assumptions, risks and uncertainties, all of which may change over
time.Actual results could differ materially from those expected or implied by
such forward-looking statements.Risks and uncertainties which could cause our
actual results to differ materially and adversely from such forward-looking
statements include economic conditions affecting the financial industry;
changes in interest rates and shape of the yield curve; credit risk associated
with our lending activities; risks relating to our market area, significant
real estate collateral and the real estate market; operating, legal and
regulatory risk; fiscal and monetary policy; economic, political and
competitive forces affecting our business; and that management's analysis of
these risks and factors could be incorrect, and/or that the strategies
developed to address them could be unsuccessful.Any statements made that are
not historical facts should be considered to be forward-looking
statements.You should not place undue reliance on any forward-looking
statements.We undertake no obligation to update forward-looking statements or
to make any public announcement when we consider forward-looking statements to
no longer be accurate, whether as a result of new information of future
events, except as may be required by applicable law or regulation.
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