Press Release
Approval of Application by Bancorp of New Jersey, Inc.
March 9, 2007

NEW YORK—The Federal Reserve Bank of New York Friday approved the application by Bancorp of New Jersey, Inc. to become a bank holding company through the acquisition of Bank of New Jersey, both of Fort Lee, New Jersey, pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956, as amended.

According to standard procedure, the proposal cannot be completed for 15 days.

The Reserve Bank acted under authority delegated by the Board of Governors of the Federal Reserve System.