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Bancorp of New Jersey, Inc. Announces Nancy E. Graves as New President and Chief Executive Officer and a Member of the Board

April 05, 2016

Fort Lee, NJ – Bancorp of New Jersey, Inc. (NYSE MKT: BKJ), (the "Company"), holding company for Bank of New Jersey, today announced the appointment of Nancy E. Graves as the new President and Chief Executive Officer of the holding company and the bank. Ms. Graves, who recently served as President and CEO of Pascack Bancorp, Inc. and Pascack Community Bank, has also been appointed to the boards of directors of the Bancorp of New Jersey, Inc. and Bank of New Jersey. Gerald A. Calabrese, Jr., Chairman of the Board, had been serving as interim chief executive officer and president.

“Nancy has the depth of experience in community banking to lead us forward” said Gerald Calabrese, Chairman of the Board. “Her experience as a community bank executive and her active involvement in the communities we serve will be invaluable to the Bank.”

“I am honored to lead the Bank of New Jersey in one of the most vibrant and diverse markets in the Northeast. Bank of New Jersey epitomizes the importance of community banking in New Jersey’s future. I look forward to working with the Board of Directors and the entire Bank team,” said Nancy E. Graves, President and CEO.

Ms. Graves was President and CEO of Pascack Community Bank since 2013. Prior to joining Pascack Community Bank, she served in New Jersey Governor Chris Christie’s administration for three years, as Assistant Division Director of the Department of Banking and Insurance. Ms. Graves, serves on the Board of Directors of Junior Achievement of New Jersey.

“We are very fortunate to have Nancy become an integral part of the Bank’s executive management team,” said Albert Buzzetti, Vice Chairman of the Board.

About Bancorp of New Jersey
Bancorp of New Jersey, Inc. is the holding company of Bank of New Jersey. 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, all in Bergen County, NJ. Construction continues on a tenth location in Englewood Cliffs, NJ. All locations are in Bergen County, NJ.

For more information about Bank of New Jersey and its products and services, please visit or call 201-944-8600.  

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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; changes in interest rates and shape of the yield curve; credit risk associated with our lending activities; risks relating to our market area, significant real estate collateral and the real estate market; operating, legal and regulatory risk; fiscal and monetary policy; economic, political and competitive forces affecting our business; our ability to identify and address cyber-security risks; and that management’s analysis of these risks and factors could be incorrect, and/or that the strategies developed to address them could be unsuccessful. 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.