ENGLEWOOD CLIFFS, NJ--(MARKET WIRE)--Aug 25, 2008 -- North Jersey Community Bank (NJCB), the fastest growing bank in New Jersey, today announced that it has completed its reorganization into a holding company structure. As a result, NJCB is now a wholly-owned subsidiary of North Jersey Community Bancorp, Inc. The holding company reorganization was approved by the bank's shareholders at the 2008 Annual Meeting held in April. Bank shareholders will receive one share of holding company stock for each share of bank stock owned.

"Completion of the reorganization into a holding company is another milestone in our unprecedented growth and our efforts to make North Jersey Community Bank the premier banking franchise in New Jersey," said Frank Sorrentino III, chairman and CEO of North Jersey Community Bank. "Through North Jersey Community Bancorp, we are now in a better position to handle future and current business opportunities. The greater flexibility that comes with a holding company structure will be beneficial in raising additional capital and conducting our operations."

Since its inception in January 2005, NJCB has delivered on its commitment to become the leading community-based provider of personalized financial products and services. Today, the bank operates five, full-service branches throughout Bergen County and offers programs tailored specifically to suit the needs of individuals and businesses within the communities that NJCB serves.

NJCB offers a complete range of financial services for both personal and business customers, backed by advanced technology. The bank provides a full line of banking products and services, including mortgages, home equity loans and lines of credit, as well as a wide selection of commercial services. Its Simply Better Money Market Account, with one of the highest rates in the area, is available for both business and personal accounts and includes free checking and free online bill pay. The bank features signature amenities including a free coffee bar, customer lounge and business center complete with plasma screen TVs and internet connections. Each of the five branches also feature NJCB's exclusive "Coin Toss" free coin counting machine as well as extended lobby hours from 7:00 a.m. to 7:00 p.m., Monday through Friday and 9:00 a.m. to 1:00 p.m. Saturday. In addition, the Cresskill, Cliffside/Fort Lee and Hackensack locations offer a drive-thru window with extended hours from 7:00 a.m. to 7:00 p.m. NJCB also provides 24-hour ATM service and free online banking at www.njcb.com.

About North Jersey Community Bank:

North Jersey Community Bank was founded by local community and business leaders to provide the highest level of personalized community banking services to Northern New Jersey. With a strong commitment to the communities it serves, the bank offers a variety of innovative deposit and loan products.

In 2006, North Jersey Community Bank was a recipient of the Forbes® Enterprise Awards -- the most esteemed and sought after small-business awards in the United States. The Forbes® Enterprise Awards honor the visionary practices and exemplary achievements of a select few small businesses, based on a rigorous evaluation of the companies' marketing activities, customer service, employee relations, community service and new product/service offerings.

NJCB is an Equal Housing and Equal Opportunity Lender, and a member of the Federal Deposit Insurance Corporation. For more information, call 201-816-8900, or visit the bank's web site at www.njcb.com.

     Joseph Ferrary
     MWW Group - Public Relations
     Phone: 201-964-2389
     Email: Email Contact