PRESS RELEASE
Contact: Fred G. Kowal
President and Chief Operating Officer
(973) 748-3600
American Bancorp of New Jersey, Inc.
American Bank of New Jersey
365 Broad Street
Bloomfield, NJ 07003-2798
NASDAQ Global Market "ABNJ" For Immediate Release
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February 20, 2009
AMERICAN BANCORP OF NEW JERSEY, INC.
ANNOUNCES QUARTERLY CASH DIVIDEND
Bloomfield, New Jersey - February 20, 2009 - American Bancorp of New Jersey,
Inc. (NASDAQ: ABNJ) (the Company), holding company of American Bank of New
Jersey (the Bank), announced today that its Board of Directors has declared a
quarterly cash dividend of $0.05 per share to stockholders of record as of March
10, 2009 payable on or about March 24, 2009.
The payment of future dividends will be subject to the Board's periodic review
of the financial condition, earnings, and capital requirements of the Company
and the Bank.
As of December 31, 2008, the Company had consolidated total assets of $628.8
million and stockholders' equity of $92.4 million. The Bank is a federally
chartered stock savings bank which conducts business from its administrative
headquarters in Bloomfield, New Jersey and its branch offices in Bloomfield,
Cedar Grove, Verona, Nutley and Clifton, New Jersey.
The foregoing material contains forward-looking statements concerning our
financial condition, results of operations and business. We caution that such
statements are subject to a number of uncertainties and actual results could
differ materially, and, therefore, readers should not place undue reliance on
any forward-looking statements. We do not undertake, and specifically disclaim,
any obligation to publicly release the results of any revisions that may be made
to any forward-looking statements to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date of such statements.