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American Bancorp Of New Jersey Inc (1330039) SEC Filing 8-K Material Event for the period ending Wednesday, November 19, 2008

American Bancorp Of New Jersey Inc

CIK: 1330039

Exhibit 99
 
PRESS RELEASE

 
 Contact:
  Fred G. Kowal
    President and Chief Operating Officer
    (973) 748-3600
American Bancorp of New Jersey, Inc.
American Bank of New Jersey
365 Broad Street
Bloomfield, NJ  07003-2798
 
 NASDAQ Global Market “ABNJ”   For Immediate Release
    November 19, 2008
 
AMERICAN BANCORP OF NEW JERSEY, INC.
ANNOUNCES QUARTERLY CASH DIVIDEND

Bloomfield, New Jersey – November 19, 2008 – American Bancorp of New Jersey, Inc. (NASDAQ: ABNJ) (the Company), holding company of American Bank of New Jersey (the Bank), announced today that its Board of Directors has declared a quarterly cash dividend of $0.05 per share to stockholders of record as of December 10, 2008 payable on or about December 24, 2008.

The payment of future dividends will be subject to the Board's periodic review of the financial condition, earnings, and capital requirements of the Company and the Bank.

As of September 30, 2008, the Company had consolidated total assets of $621.6 million and stockholders' equity of $90.8 million. The Bank is a federally chartered stock savings bank which conducts business from its administrative headquarters in Bloomfield, New Jersey and its branch offices in Bloomfield, Cedar Grove, Verona, Nutley and Clifton, New Jersey.

The foregoing material contains forward-looking statements concerning our financial condition, results of operations and business.  We caution that such statements are subject to a number of uncertainties and actual results could differ materially, and, therefore, readers should not place undue reliance on any forward-looking statements.  We do not undertake, and specifically disclaim, any obligation to publicly release the results of any revisions that may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.
 

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CIK: 1330039
Form Type: 8-K Corporate News
Accession Number: 0001188112-08-003189
Submitted to the SEC: Wed Nov 19 2008 1:38:21 PM EST
Accepted by the SEC: Wed Nov 19 2008
Period: Wednesday, November 19, 2008
Industry: Savings Institution Federally Chartered
Events:
  1. Financial Exhibit
  2. Other Events

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