state seal
dobi title gif (page published 11/24/2014)

New Banks Opened or Pending as of 11/24/2014
Bank Name/Address
President/CEO
Status
American Community Bank
178 Main Street
Hackettstown NJ
Application to establish a new commercial bank charter (Todd Poland (973) 639-2057) with its principal office to be located at
Mr. Edward G Poolas
President
Pending:10/8/2009
(pending)
BTC Acquisition Trust Co.
Application for a limited purpose trust company at 333 Main Street, Madison, Morris County which will subsequently merge with Beacon Trust Company, Madison, Morris County
Mr. Arthur W. Hyde
President & CEO
Pending:6/21/2007
Charter Hearing Scheduled:9/5/2007
Charter hearing scheduled for September 5, 2007 at 10:00 AM, in Room 223, 20 West State Street, Trenton, NJ
Approved:10/12/2007
Withdrawn:4/21/2008
Order issued April 21, 2008, pursuant to NJSA 17:9A-17A, that the rights, powers, and privileges as a corporation are forfeited.
(withdrawn)
Colonial American Bank of New Jersey
Application for a commercial bank charter at Middletown Plaza, Rt. 35 South & Harmony Road, Middletown, Monmouth County which will subsequently merge into Colonial American Bank, Horsham, PA.


Accepted:8/8/2011
Approved:1/6/2012
Effective:1/11/2012
(effective)
Community Action Credit Union
110 Cohansey Street
Bridgeton NJ
Application for a low income community development credit union submitted as Gateway Community Development Credit Union approved with name change to be located at
Mr. Albert Kelley
President & CEO
(856) 451-6330
Pending:12/27/2007
(pending)
Community Action Credit Union
110 Cohansey Street
Bridgeton NJ
Application of Gateway Community Action Partnership to form a Community Development/Low Income Credit Union to be located at


Accepted:10/16/2013
Community Action Credit Union
110 Cohansey Street
Bridgeton NJ
Application for a low income community development credit union submitted as Gateway Community Development Credit Union approved with name change to be located at
Mr. Albert Kelley
President & CEO
(856) 451-6330
Approved:6/11/2014
(approved, not open)
First Commerce Bank
Application for a commercial bank charter at 205 River Road, Lakewood, Ocean County, NJ.
Mr. C. Herbert Schneider
President & CEO
Pending:9/14/2009
Accepted:9/29/2009
Withdrawn:7/22/2010
(withdrawn)
First Community Bank
Application for a commercial bank charter at 363 Route 46, Township of Fairfield, Essex County
Mr. Dominick Mazzagetti
President & CEO
Received:2/1/2005
Approved:10/21/2005
Withdrawn:3/26/2007
Bank has elected, by resolution of the incorporators dated 2/12/07, to withdraw the application. Order issued pursuant to NJSA 17:9A-17A that the rights, powers, and privileges as a corporation are forfeited.
(withdrawn)
Harmony Bank
Application for a commercial bank charter at 2120 West County Line Road, Jackson Township, Ocean County.
Mr. Michael A. Schutzer
President & CEO
(732) 364-0088
Pending:6/5/2007
Charter Hearing Scheduled:11/5/2007
Charter hearing scheduled for November 5, 2007 at 1:00 PM, in Room 223, 20 West State Street, Trenton, NJ
Approved:1/2/2008
Certificate of Authority Issued:7/28/2008
Effective:9/2/2008
Opened in temporary location at 2110 West County Line Road, Jackson, Ocean County, NJ 08527
(effective)
ISN Acquisition Bank
457 Haddonfield Road
Suite 100
Cherry Hill NJ


Accepted:3/20/2009
Application for a charter for a cmmercial bank at 457 Haddonfield Road, Suite 100, Cherry Hill, Camden County to be known as "ISN Acquisition Bank". CH-280
Never Consumated:7/23/2009
Israel Discount Bank (Interim)
Application of Israel Discount Bank (interim) for an interim charter located at 517 South Livingston Avenue, Livingston, Essex County, NJ to be immediately merged into Israel Discount Bank of New York, New York, Manhattan County, NY


Accepted:10/27/2011
Approved:12/21/2011
Effective:12/23/2011
(effective)
Magna Capital Bank
Application for a commercial bank charter at 1201 East State Street, Trenton, Mercer County Contact: Remigio Cruz (877-877-1258)
Mr. Raul Oseguera
President & CEO
Pending:7/14/2008
Charter Hearing Scheduled:10/8/2008
Charter hearing scheduled for on October 8, 2008 at 1:30 PM, in Room 223. 9/8/08 POSTPONED UNTIL A LATER DATE TO BE DETERMINED AT THE REQUEST OF APPLICANT.
(pending)
Nara Bank New Jersey
Application for a commercial bank charter at 222 Main Street, Fort Lee, Bergen County
Ms. Kim S Kyu
President & CEO
Pending:4/12/2005
Application on hold at request of applicant.
Withdrawn:10/18/2007
(withdrawn)
 
 
NOTE: This list does not include any charter applications pending with the Office of the Comptroller of the Currency or the Office of Thrift Supervision. The above list only includes banks with applications pending or banks which have been opened/effective since 11/24/2011.

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New Jersey Department of Banking and Insurance