state seal
dobi title gif (page published 12/1/2008)

New Banks Opened or Pending as of 12/1/2008
Bank Name/Address
President/CEO
Status
Bank of New Jersey
Application for a commercial bank charter at 204 Main Street, Fort Lee, Bergen County, contact Dennis R. Casale, Esq. (609) 951-4199
Mr. Albert F Buzzetti
President & CEO
Pending:6/7/2005
Charter Hearing Scheduled:12/19/2005
Charter hearing scheduled for January 26, 2006 at 10:00AM, in Room 219, 20 West State Street, Trenton, NJ
Approved:4/21/2006
Certificate of Authority Issued:5/9/2006
Opened:5/10/2006
(opened)
BankAsiana
Application for a commercial bank charter at 7 Broad Avenue, Palisades Park, Bergen County Contact: Dennis R. Casale, Esq. (609-452-0808)
Mr. Hong S. Hur
President & CEO
Pending:7/26/2006
Charter Hearing Scheduled:12/18/2006
Charter hearing scheduled for December 18, 2006 at 1:30 PM, in Room 223, 20 West State Street, Trenton, NJ
Approved:2/15/2007
Certificate of Authority Issued:10/23/2007
Opened:11/19/2007
(opened)
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, Contact: Theodore Itzkowitz, Esq. (644-414-6831)
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Withdrawn:4/21/2008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(withdrawn)
Capital Bank of New Jersey
Application for a commercial bank charter at Block 618, Lot 1, South Main Road, Vineland, Cumberland County; Contact: Ned Hogan, Esq. (856-354-9200)
Mr. David J Hanrahan, Sr.
President & CEO
Pending:7/19/2006
Charter Hearing Scheduled:1/25/2007
Charter hearing scheduled for January 25, 2007 at 1:30PM, in Room 223, 20 West State Street, Trenton, NJ
Approved:3/7/2007
Certificate of Authority Issued:4/17/2007
Effective:4/23/2007
Opened in temporary location at 1470 South Main Road, Vineland, NJ 08360
Opened:2/4/2008
Opened in permanent location at 175 South Main Road, Vineland, NJ 08360
(opened)
Community First Bank
Application for a commercial bank charter at 408 Elizabeth Avenue, Somerset, Somerset County Contact: John B. Bitar, Esq. (732-448-2570)
Mr. Peter Schoberl
President & CEO
Pending:8/29/2007
Charter Hearing Scheduled:3/17/2008
Charter hearing scheduled for March 17, 2008 at 1:30 PM, in Room 223, 20 West State Street, Trenton, NJ
Approved:5/1/2008
Certificate of Authority Issued:6/30/2008
Opened:10/6/2008
(opened)
Cross River Bank (name changed from First Financial Bank)
Application for a charter for a commercial bank at 885 Teaneck Road, Teaneck, Bergen County, contact Donna Conroy, Esq. (908-653-1441)
Mr. Frank Goffreda
President & CEO
Pending:1/30/2006
Charter Hearing Scheduled:5/30/2006
Charter hearing scheduled for July 12, 2006 at 10:00AM, in Room 223, 20 West State Street, Trenton, NJ
Approved:8/30/2006
Certificate of Authority Issued:2/15/2008
Opened:6/23/2008
(opened)
First Bank
Contact: Ned Hogan, Esq. (856-354-9200)
Application for a charter for a commercial bank at 1221 South Black Horse Pike, Williamstown, Gloucester County, to be known as First Bank formerly known as First Bank of Williamstown
Mr. James Loney
President & CEO
Received:11/30/2004
Charter Hearing Scheduled:4/11/2005
Charter Hearing Scheduled:10/25/2006
Reopening of charter hearing is scheduled for October 25, 2006 at 10:00AM, in Room 223, 20 West State Street, Trenton, NJ
Approved:1/8/2007
Certificate of Authority Issued:3/19/2007
Opened:4/30/2007
(opened)
First Choice Bank
Application for a commercial bank charter at 669 Whitehead Road, Township of Lawrence, Mercer County, Contact: Dennis R. Casale, Esq. (609-452-0808)
Mr. Randolph W. Hanks
President & CEO
Pending:6/5/2006
Charter Hearing Scheduled:10/24/2006
Charter hearing scheduled for October 24, 2006 at 10:00AM, in Room 223, 20 West State Street, Trenton, NJ
Approved:11/30/2006
Certificate of Authority Issued:3/13/2007
Opened:3/26/2007
(opened)
First Community Bank
Application for a commercial bank charter at 363 Route 46, Township of Fairfield, Essex County Contact: Steven T. Lanter, Esq. (202-274-2004)
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)
First State Bank
Application for a commercial bank charter at 16 Commerce Drive, Cranford, Union County
Mr. Theordore M. Kest
President & CFO
(908) 272-0400
Received:12/28/2004
Approved:8/17/2005
Certificate of Authority Issued:1/5/2006
Opened:1/18/2006
(opened)
Gateway Community Development Credit Union
Application for a community development credit union at 110 Cohansey Street, Bridgeton, Cumberland County Contact: Albert B. Kelly (856-451-6330)
Mr. Albert Kelley
President & CEO
(856) 451-6330
Pending:12/27/2007
(pending)
Harmony Bank
Application for a commercial bank charter at 2120 West County Line Road, Jackson Township, Ocean County Contact: Michael Levin, Esq. (732-364-7333)
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)
Heritage Community Bank
Application for a commercial bank charter at 1206 Sussex Turnpike
Township of Randolph NJ
Mr. Peter Kenney
President & CEO
Pending:8/2/2005
Charter Hearing Scheduled:10/28/2005
Charter hearing scheduled for December 8, 2005 at 10:00AM, in the fifth floor large conference room, 20 West State Street, Trenton, NJ
Approved:1/23/2006
Certificate of Authority Issued:2/22/2006
Opened:3/27/2006
(opened)
Indus American Bank
Application for a commercial bank charter at 1536 Oak Tree Road, Iselin, Middlesex County
Mr. Kevin M Lenihan
President & CEO
Received:11/30/2004
Approved:6/29/2005
Certificate of Authority Issued:12/8/2005
Opened:12/19/2005
(opened)
Liberty Bank of New Jersey (name changed to Freedom Bank)
Application for a commercial bank charter at 550 Kinderkamack Road, Oradell, Bergen County Contact: James M. Piro, Esq. (973-661-0710)
Mr. Paul E Fitzgerald
President & CEO
Pending:6/5/2007
Charter Hearing Scheduled:11/1/2007
Charter hearing scheduled for November 1, 2007 at 1:00 PM, in Room 223, 20 West State Street, Trenton, NJ
Approved:12/5/2007
Certificate of Authority Issued:4/14/2008
Opened:4/17/2008
(opened)
M&T New Jersey Interim Bank
Application for a commercial bank charter at 460 Bergen Boulevard, Suite 205, Palisades Park, Bergen County which will subsequently merged into Manufacturers and Traders Trust Company, Buffalo, New York, Contact: VP Brian Yoshida (716-842-5464)
Mr. Emerson L. Brumback
President & COO
Pending:5/23/2006
Charter Hearing Scheduled:10/3/2006
Charter hearing scheduled for October 3, 2006 at 10:00AM, in Room 223, 20 West State Street, Trenton, NJ
Approved:10/31/2006
Certificate of Authority Issued:12/20/2006
Opened:1/1/2007
*Merged into Manufacturers and Traders Trust Company (M&T Bank), Buffalo, NY on 1/1/07
(opened)
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 Contact: Tod Poland, Esq. (973-622-4444)
Ms. Kim S Kyu
President & CEO
Pending:4/12/2005
Application on hold at request of applicant.
Withdrawn:10/18/2007
(withdrawn)
New Jersey Community Bank
Application for a commercial bank charter at 3441 Route 9 North, Freehold, Monmouth County to be know as New Jersey Community Bank formerly know as Community Bank & Trust of New Jersey Contact: Ned Hogan, Esq. (856-354-9200)
Mr. James A Kinghorn
President
Pending:8/1/2006
Accepted:12/12/2006
Name changed from Community Bank & Trust of New Jersey to New Jersey Community Bank.
Accepted:2/5/2007
Organizers renegotiated Agreement of Sale for the proposed site
Charter Hearing Scheduled:5/24/2007
Charter hearing scheduled for May 24, 2007 at 1:00 PM, in Room 223, 20 West State Street, Trenton, NJ
Approved:9/12/2007
Certificate of Authority Issued:2/20/2008
Opened:7/21/2008
(opened)
Northern State Bank
Application for a commercial bank charter at 530 Piermont Road
Clouster NJ
Mr. Thomas Thomasma
President & CEO
Accepted:12/23/2004
Approved:8/17/2005
Certificate of Authority Issued:1/23/2006
Opened:1/30/2006
Effective:7/31/2006
Moved from tempory location at 53 Homans Avenue to permanent facility at 530 Piermont Road, Clouster, Bergen County.
(effective)
Republic First Bank of New Jersey
Application for a commercial bank charter at 342 S. Burnt Mill Road, Voorhees, Camden County which will subsequently merged into Republic First Bank, Philadelphia, PA, Contact: Robert A. Schwartz, Esq. (732-448-2548)


Pending:3/6/2006
Charter Hearing Scheduled:5/1/2006
Charter hearing scheduled for June 20, 2006 at 10:00AM, in Room 218, 20 West State Street, Trenton, NJ
Approved:7/21/2006
Certificate of Authority Issued:8/10/2006
Opened:8/16/2006
*Merged into Republic First Bank, Philadelphia, PA on 8/16/06
(opened)
Royal Bank (name changed to Regal Bank)
Application for a commercial bank charter at 570 Mt. Pleasant Avenue, Livingston, Essex County Contact: Robert A. Schwartz, Esq. (732-448-2548)
Mr. Thomas Lupo
President & CEO
Pending:11/14/2006
Charter Hearing Scheduled:8/2/2007
Charter hearing scheduled for August 2, 2007 at 10:00 AM, in Room 223, 20 West State Street, Trenton, NJ
Approved:9/10/2007
Certificate of Authority Issued:11/30/2007
Opened:12/6/2007
(opened)
The Bank of Princeton
Application for a commercial bank charter at 181 Bayard Lane, Princeton, Mercer County Contact: Dennis R. Casale, Esq. (609-452-0808)
Mr. Peter M. Crowley
President & CEO
Pending:8/1/2006
Charter Hearing Scheduled:1/30/2007
Charter hearing scheduled for January 30, 2007 at 10:00AM, in Room 223, 20 West State Street, Trenton, NJ
Approved:3/5/2007
Certificate of Authority Issued:4/17/2007
Opened:4/23/2007
Opened in temporary location at 21 Chambers Street, Princeton, NJ 08542
Effective:11/15/2008
Moved from tempory location at 21 Chambers Street, Princeton to permanent facility at 181 Bayard Lane, Princeton, Mercer County.
(effective)
 
 
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 12/1/2005.

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New Jersey Department of Banking and Insurance