BANCORP OF NEW JERSEY, INC.
QUARTERLY CASH DIVIDEND
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.
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
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