April 19 - Community Partners Bancorp (Nasdaq: CPBC), the parent company of Two River Community Bank, has announced that the board of directors has declared an initial quarterly cash dividend of 2 cents per share to common shareholders of record at the close of business on May 10, 2013, payable on May 30, 2013.
"We are extremely pleased to be able to initiate a cash dividend for our common shareholders," said William D. Moss, president and CEO. "We believe this dividend provides our shareholders an added tangible benefit, and feel it is appropriate given the current financial performance momentum we have exhibited over the past few years. The combined cash dividend and share repurchase program demonstrate the confidence we have in our strategy to continue to grow the Company and its earnings.”
About the Company
Community Partners Bancorp is the holding company for Two River Community Bank, which is headquartered in Tinton Falls, N.J. Two River Community Bank currently operates 16 branches throughout Monmouth and Union Counties and two regional lending offices in New Brunswick and Summit, New Jersey. More information about Two River Community Bank is available at www.tworiverbank.com. More information about Community Partners is available at www.communitypartnersbancorp.com.