FOR IMMEDIATE RELEASE


                         JAMES F. MCGOWAN, JR. APPOINTED
             EVP, CHIEF CREDIT OFFICER OF CAPE BANK AND CAPE BANCORP


Cape May Court House, NJ, April 19, 2010 - Michael D. Devlin,  President and CEO
of Cape Bank is pleased to announce the appointment of James F. McGowan,  Jr. as
EVP, Chief Credit Officer of Cape Bank and Cape Bancorp,  Inc.  (Nasdaq:  CBNJ).
Prior to joining Cape Bank, McGowan worked as EVP, CCO for a large regional bank
in the Northeast. Mr. McGowan will report to Mr. Devlin.

Jim brings to Cape Bank more than 30 years of executive management experience in
Credit,  Customer  Relationship  and Workout  Management.  His  banking  history
includes time with  Fleet/National/Summit  Bank, PNC Bank,  N.A./Midlantic  Bank
N.A. and Corestates Bank N.A./Bucks County Bank.

McGowan  holds an MBA from  Drexel  University,  a BS in  Finance  from La Salle
University;  he also completed the Stonier Graduate School of Banking at Rutgers
University.

McGowan's community  affiliations  include:  Diversity Team Leader for the North
Penn United Way, Member of Council of President's  Associates and past President
and  Director of Rotary  Club of  Philadelphia.  He is also  involved in various
church and youth organizations.