Bank of Nj to Open 3 Branches in Fort Lee ; Resists Challenges of Rival Institutions

Summary


FORT LEE A proposed new bank has won a charter from the state's Department of Banking and Insurance.

The Bank of New Jersey, which counts Mayor Jack Alter and Councilman Mark Sokolich among its board of directors, drew challenges from three rival banks: North Jersey Community Bank, Interchange Bank and Fort Lee Federal Savings Bank, who argued that the area to be served already has enough banks, among other concerns.

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Extract


Bank of Nj to Open 3 Branches in Fort Lee ; Resists Challenges of Rival Institutions

Alfred F. Buzzetti, who will serve as chairman of the board, president and chief executive officer...

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