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):
November 19, 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 November 19, 2003, Monmouth Community Bancorp issued the following press
release:
Monmouth Community Bancorp To Be Included In America's Community Bankers NASDAQ
Index
LONG BRANCH, NEW JERSEY, November 19, 2003, Monmouth Community Bancorp (NASDAQ
Small Cap Market; MCBK) is pleased to announce that its common stock will be
included in a newly formed NASDAQ stock index.
The NASDAQ Stock Market (NASDAQ(R)), the world's largest electronic stock
market, and America's Community Bankers (ACB), the national trade association
for community banks, recently announced the creation of the nation's most
broadly diversified stock index for community banks.
The index, which will be known as America's Community Bankers NASDAQ Index, is
scheduled to launch on December 8, 2003.
According to James S. Vaccaro, Chairman and CEO of Monmouth Community Bancorp,
"The creation of this new index should bring more visibility to community bank
stocks and Monmouth Community Bancorp is proud to be a `charter' index member."
ACB and NASDAQ developed this index as a yardstick for the capital market to use
in measuring the performance of community bank stocks. Community banks help fuel
the economy by funding new business formation, expanding small business
development, participating in local community economic development, and serving
the unique needs of their customers and their communities.
The America's Community Bankers NASDAQ Index is expected to include more than
500 NASDAQ-listed banks and thrifts or their holding companies. Such
institutions are to be selected by ACB and are expected to represent over $150
billion in market capitalization. Based on FDIC data, the list will not include
any of (i) the 50 largest banks based on asset size, (ii) banks classified as
having an "international specialization" and (iii) banks classified as having a
"credit card specialization."
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 press release 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.
CONTACTS:
Monmouth Community Bank, N.A.
James S. Vaccaro, Chairman and CEO, 732-571-1300
Anthony Giordano, III, SVP and CFO, 732-923-1115
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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: November 19, 2003