MARLTON, N.J.--(BUSINESS WIRE)--Liberty Bell Bank (OTC:LBBB) today announced that it has been notified by the Federal Deposit Insurance Corporation (FDIC) and the New Jersey Department of Banking and Insurance that the Consent Orders to which the Bank voluntarily consented in November 2013 with each of such regulators have been terminated.
Benjamin F. Watts, President and Chief Executive Officer, noted, "The lifting of the Consent Orders is a testament to the progress we have made in strengthening our operations.” He continued, "We thank our regulatory partners for their guidance through this process and commend our team, whose commitment to moving our bank forward has enabled us to reach this important milestone."
About Liberty Bell Bank
Liberty Bell Bank is a full-service, state-chartered commercial bank, whose deposits are insured by the Federal Deposit Insurance Corporation (FDIC). The Bank provides diversified financial products through two locations in Burlington County, New Jersey and one location in Camden County, New Jersey.
The Bank may from time to time make written or oral “forward-looking statements”, including statements contained in this release. Such statements are not historical facts and include expressions about management's confidence and strategies and management's current views and expectations about new and existing programs and products, relationships, opportunities, taxation, technology and market conditions. Actual results may differ materially from such forward-looking statements, and no undue reliance should be placed on any forward-looking statement. All such statements are made in good faith by the Bank pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995.