Bancorp of NJ

Bancorp of New Jersey, Inc. operates as the holding company for Bank of New Jersey that provides commercial banking services to individuals, businesses, non-profit organizations, and governmental units primarily in Bergen County, New Jersey. The company’s deposit products include interest-bearing demand accounts, time deposits, noninterest-bearing demand accounts, and savings accounts. Its loan portfolio comprises commercial loans for providing working capital, financing the purchase of equipment or inventory, and other business purposes; real estate loans consisting of loans secured by commercial or residential real property, and loans for the construction of commercial or residential property; and consumer loans, including credit lines for the purpose of financing the purchase of consumer goods, home improvements, and other personal needs. In addition, the company offers mail, telephone, and Internet banking services. As of May 6, 2013, it operated eight branch offices located in Fort Lee, Hackensack, Haworth, Harrington Park, Englewood, and Cliffside Park, New Jersey.  Bancorp of New Jersey was founded in 2006 and is headquartered in Fort Lee, New Jersey.

ConnectOne Bancorp

ConnectOne Bancorp, Inc. (NASDAQ: CNOB) will acquire Bancorp of New Jersey, Inc. (NYSE: BKJ) for $113 million or approximately $15.48 per Bancorp of New Jersey share.

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