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Bancorp of New Jersey, Inc. Declares $0.24 Per Share Special Dividend and $0.06 Per Share Quarterly Dividend

Thursday, November 29, 2012 2:42 PM


FORT LEE, N.J., Nov. 29, 2012 (GLOBE NEWSWIRE) -- Bancorp of New Jersey, Inc. (NYSE Amex:BKJ), the holding company of Bank of New Jersey, announced that its board of directors, on November 28, 2012, declared a Special Dividend of $0.24 per share and a fourth quarter cash dividend of $0.06 per share of its common stock. Both dividends will be paid on December 20, 2012 to shareholders of record as of the close of business on December 10, 2012. The $0.06 per share dividend represents the fourth quarterly dividend declared by the company and equals the per share dividend declared and paid during the three previous quarters of 2012.

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 8 branch offices located in Fort Lee (3 locations), Hackensack, Haworth, Harrington Park, Englewood, and most recently, Cliffside Park, all in Bergen County, NJ. A ninth location in Woodcliff Lake has received regulatory approvals and is expected to open during first quarter, 2013.

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 shareholder@bonj.net.

Forward-Looking Statements

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; volatility in interest rates and the shape of the yield curve; increased credit risks and risks associated with the real estate market; which serves as collateral for a significant portion of our loans; operating, legal, and regulatory risk, including compliance with new laws and regulations; economic, political, and competitive forces affecting the company's lines of business; the extent and timing of actions of the Federal Reserve System; customer acceptance of our products and services; and other risks and uncertainties detailed from time to time in our filings with the Securities and Exchange Commission or in other generally disseminated documents. 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.

CONTACT: Bank of New Jersey
         201-944-8600
         http://www.bonj.net

(Source: PrimeZone )
(Source: Quotemedia)

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