Top news and stories from EWORLDWIRE http://www.eworldwire.com/ http://www.eworldwire.com/logos/logo40x60.gif http://www.eworldwire.com/ 40 60 (C) Copyright 2007 EWORLDWIRE Wed, 05 Sep 2007 16:11:29 -0400 http://www.eworldwire.com/pressreleases/13840 To Our Shareholders: We are pleased to report that for the quarter ended December 31, 2005, your Bank (OTCBB: TBWN) recorded pre-tax income of $644,000 compared to $463,000 for the same period one year ago, an increase of $181,000 or 39 percent. This significant achievement is attributable to a higher level of net interest income as a result of our growth. As previously reported, your Bank has fully utilized net operating loss carry forwards from the early years of its existence. [EWORLDWIRE] Tue, 21 Feb 2006 08:55:35 -0500 http://www.eworldwire.com/pressreleases/12953 To Our Shareholders: We are pleased to advise you that the Bank has filed applications with the Federal Deposit Insurance Corporation and the New Jersey Department of Banking and Insurance to establish our fourth branch office at 328 South Avenue Fanwood, N.J. Also, we are working diligently on preparing the legal and regulatory filings to conduct a stockholders meeting to vote on the proposed business combination with Two River Community Bank. [EWORLDWIRE] Fri, 21 Oct 2005 08:22:31 -0400 http://www.eworldwire.com/pressreleases/12342 To our Shareholders: For the quarter ended June 30, 2005, your Bank recorded pre-tax income of $532,000 compared to $298,000 or an increase of $234,000 or 78.5%. During this quarter, your Bank became taxable recording a provision of $95,000. Net income for the second quarter of 2005 totaled $437,000 compared to $267,000 reflecting a growth of $170,000 or 63.7% for the same period one year ago. [EWORLDWIRE] Fri, 22 Jul 2005 15:41:55 -0400 http://www.eworldwire.com/pressreleases/11898 To Our Shareholders: We are pleased to report that The Town Bank has marked another quarter of record performance fueled by continued deposit and loan activity. We continue to strengthen our position as a community based provider of financial products, backed by superior customer service and personal attention. For the three months ended March 31, 2005, net income increased to $515,000 or $0.27 per basic share and 0.26 per diluted share, compared to net income of $270,000 or $0. [EWORLDWIRE] Fri, 22 Apr 2005 12:07:31 -0400 http://www.eworldwire.com/pressreleases/11368 Town Bank Of Westfield (OTCBB: TBWN) ; To Our Shareholders, from Joseph O'Sullivan, Chairman and Robert Dowens, President. We are pleased to report that for the year ended December 31, 2004, your Bank recorded net income of $1,364,000 or $0.74 per basic and $0.72 per diluted common share compared to net income of $698,000 or $0.52 per basic and $0.51 per diluted common share a year ago. For the three months ended December 31, 2004, your Bank recorded net income of $437,000 or $0. [EWORLDWIRE] Tue, 08 Feb 2005 14:32:39 -0500 http://www.eworldwire.com/pressreleases/10719 Town Bank Of Westfield (OTCBB: TBWN) ; To Our Shareholders, from Joseph O'Sullivan, Chairman and Robert Dowens, President. We are pleased to advise you that the applications filed with the Federal Deposit Insurance Corporation and the New Jersey Department of Banking and Insurance to establish our third branch office at 245 North Avenue, Cranford, New Jersey have been approved. [EWORLDWIRE] Thu, 21 Oct 2004 15:34:14 -0400 http://www.eworldwire.com/pressreleases/10460 Town Bank (OTCBB: TBWN) ; To Our Shareholders, from Joseph O'Sullivan, Chariman and Robert Dowens, President. We are pleased to advise you that we have applied to the Federal Deposit Insurance Corporation and the New Jersey Department of Banking to establish a branch office to be located at 245 North Avenue, Cranford, New Jersey. [EWORLDWIRE] Thu, 22 Jul 2004 16:28:23 -0400 http://www.eworldwire.com/pressreleases/10222 April 22, 2004 To our Shareholders: We are pleased to advise you that at our Annual Shareholders Meeting the proposal to change the Bank's name to The Town Bank (OTCBB: TBWN) and the remaining proposals submitted for approval passed by an overwhelming majority. Additionally, it is a pleasure to inform you that on April 22, 2004, your Board of Directors declared a 5% stock dividend, subject to regulatory approval, to shareholders of record on May 7, 2004, payable June 1, 2004. [EWORLDWIRE] Thu, 22 Apr 2004 19:17:04 -0400 http://www.eworldwire.com/pressreleases/10001 Town Bank Of Westfield (TBWN: OTCBB) ; To Our Shareholders, from Joseph O'Sullivan, Chariman and Robert Dowens, President. We are pleased to report that your Bank continues to experience asset growth and earnings improvement. Our continued growth is largely attributable to our emphasis on quality customer service face to face, combined with the support of our Board of Directors, Advisory Board Members, and you our valued shareholders. [EWORLDWIRE] Thu, 05 Feb 2004 12:57:22 -0500 http://www.eworldwire.com/pressreleases/1851 Robert W. Dowens, Sr., President and Chief Executive Officer of The Town Bank of Westfield recently announced the Bank "has reached a new milestone by exceeding $100 million in assets as of September 30, 2003." At the close of the third quarter, total assets were $105,040,000, representing an increase of more than 19 percent over the same period a year ago. [EWORLDWIRE] Mon, 03 Nov 2003 15:57:27 -0500 http://www.eworldwire.com/pressreleases/1841 Timothy J. McDonald has been appointed to the Board of Directors of The Town Bank of Westfield (OCTBB:TBWN). The announcement was made at the September 24, 2003 Board meeting by Chairman Joseph F.X. O'Sullivan. Involved in banking since 1965, Mr. McDonald is currently President of Danielson Associates, a leading bank consulting and financial advisory firm. "At the helm of Danielson Associates, Mr. McDonald serves as an advisor to management and boards of financial institutions," said Mr. [EWORLDWIRE] Fri, 31 Oct 2003 10:55:54 -0500 http://www.eworldwire.com/pressreleases/1813 Robert W. Dowens, Sr., The Town Bank of Westfield's (OCTBB: TBWN) President and Chief Executive Officer and Joseph F. X. O'Sullivan, Chairman of the Board, reported a recent private placement offering which resulted in gross proceeds of more than $6.2 million for the five-year-old Bank. Price per share was $8.75. "The raised capital will support the Bank's future growth," said Mr. Dowens. Mr. [EWORLDWIRE] Thu, 23 Oct 2003 13:40:53 -0400