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):
March 6, 2003
MONMOUTH COMMUNITY BANCORP
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(Exact name of registrant as specified in charter)
New Jersey 0-27428 22-3757709
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(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) Identification No.)
627 Second Avenue, Long Branch, New Jersey 07740
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (732) 571-1300
Not Applicable
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(Former name or former address, if changed since last report)
Item 5. Other Events
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On March 6, 2003, Monmouth Community Bancorp issued a press release announcing
the following:
Monmouth Community Bank, N.A., a full-service community banking organization and
wholly-owned subsidiary of Monmouth Community Bancorp, recently opened its
newest branch at 3636 Highway 33, Neptune, New Jersey. The Neptune branch
represents the bank's sixth branch in Monmouth County.
The new location is consistent with the bank's strategy to locate branches in
convenient markets with significant potential. The Neptune branch is well
situated on Route 33 and close to major thoroughfares, including the Garden
State Parkway, Route 34, Route 66 and Interstate 195.
Consistent with the services offered by the other branches of the bank located
in Long Branch, Spring Lake Heights, Neptune City, Little Silver, and Ocean
Grove, the Neptune branch offers a full line of popular services, including
various savings options and money markets, free checking, and home, auto and
personal loans, as well as special free senior checking and 24-hour, online
banking. Business loans are also available. As with the other five branches of
the bank, the Neptune branch will offer 7-days a week banking with extended
banking hours. Deborah A. Gellert, a banking professional with 11 years of
experience, has been named manager of the Neptune branch.
A gala grand opening for Monmouth Community Bank's newest branch is scheduled
for Saturday, March 29, 2003 at the branch's Neptune location.
Monmouth Community Bancorp is the holding company and sole shareholder of
Monmouth Community Bank, N.A., a nationally chartered commercial bank, which
commenced operations in the second half of 1998. Monmouth Community Bank
provides a full range of banking services to both individual and business
customers through six, full-service branch facilities located in Monmouth
County, New Jersey.
Statements about the future expectations of Monmouth Community Bancorp and
Monmouth Community Bank, including future revenues and earnings, and all other
statements in this report other than historical facts are "forward-looking
statements" within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
Since these statements involve risks and uncertainties and are subject to change
at any time, the companies' actual results could differ materially from expected
results. Among these risks, trends and uncertainties are the effect of
governmental regulation on Monmouth Community Bank, the availability of working
capital, the cost of personnel, and the competitive market in which Monmouth
Community Bank competes.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
MONMOUTH COMMUNITY BANCORP
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(Registrant)
By: /s/ James S. Vaccaro
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James S. Vaccaro
Chairman and Chief Executive Officer
Date: March 7, 2003