SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 (Amendment No. 1)
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Community Bancorp of New Jersey
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LETTERHEAD OF COMMUNITY BANCORP OF NEW JERSEY
March 26, 2003
To Our Shareholders:
On March 24, 2003 we mailed to each of our shareholders a proxy statement
for our Annual Meeting of Shareholders, which is to be held on Thursday, April
24, 2003 at 5:00 p.m. at the Grand Marquis in Old Bridge, New Jersey. After the
mailing, we realized that the proxy statement contains a minor error regarding
the compensation of the Board of Directors. We are therefore sending this letter
as a supplement to the proxy statement.
On page nine of the proxy statement, the last sentence incorrectly states
that each non-employee director of the Company was granted 14,150 options to
purchase common stock during 2002. The sentence should properly indicate that,
during 2002, the total number of stock options granted to all non-employee
directors collectively was 14,150, at an exercise price of $15.81 per share. The
number of options and exercise price have not been adjusted to reflect the
3-for-2 stock split and 5% stock dividend effective in 2002.
I apologize for any confusion which this error may have caused. If you have
any questions regarding the proxy or about your company, please feel free to
call me at (732) 863-9000.
I look forward to seeing you at the Annual Meeting.
Very truly yours,
/s/ Robert D. O'Donnell
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Robert D. O'Donnell
President & Chief Executive Officer