UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 2, 2018
BANCORP OF NEW JERSEY, INC.
(Exact name of registrant as specified in its charter)
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NEW JERSEY |
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001-34089 |
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20-8444387 |
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(State or other jurisdiction |
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(Commission File Number) |
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(I.R.S. Employer |
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of incorporation) |
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Identification No.) |
1365 Palisade Ave, Fort Lee, New Jersey 07024
(Address of principal executive offices) (Zip code)
(201) 944-8600
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 2.02 Results of Operations and Financial Condition.
On July 2, 2018, the Registrant issued a press release announcing a 5% stock dividend payable on August 1, 2018 to shareholders of record July 16, 2018. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
The following exhibits are filed with this Form 8-K:
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Exhibit No. |
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Description |
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99.1 |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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BANCORP OF NEW JERSEY, INC. | |
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Date: July 2, 2018 |
By: |
/s/ Nancy E. Graves |
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Nancy E. Graves |
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President and Chief Executive Officer |
— Press Release
For Immediate Release
July 2, 2018
Contact: Nancy E. Graves
President & CEO
201-720-3200
Bancorp of New Jersey announces a 5% Stock Dividend
The Board of Directors of Bancorp of New Jersey declared a 5% stock dividend payable on August 1, 2018 to shareholders of record July 16, 2018. Cash will be paid in lieu of fractional shares based on the closing price on the record date. The stock dividend will increase the number of outstanding shares of the Company by approximately 347,414, bringing the total common shares outstanding to approximately 7,295,692.
Chairman of the Board Gerald A. Calabrese, Jr. commented: “We remain committed in retaining capital to allow the Company to invest more in its strategic initiatives and leverage its ability for growth. The stock dividend reflects the Company’s fidelity to its shareholders, providing for a future benefit in the growth of the Company.”
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 9 branch offices located in Fort Lee (3 locations), Hackensack, Haworth, Harrington Park, Englewood, Cliffside Park, and Woodcliff Lake.
For more information about Bank of New Jersey and its products and services, please visit http://www.bonj.net or call 201-720-3201.
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 are included in our Annual Report on Form 10-K under Item 1a — Risk Factors and in the description of our business under Item 1. 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.