Community Bank of Bergen County, NJ Announces Grand Reopening of Newly Renovated Maywood Branch

Traditional Branch Space with Modern Amenities Offers On-Site Digital Banking, Shared Work Space, and a More Personal Banking Experience

MAYWOOD, N.J.--()--Community Bank of Bergen County, NJ (OTCPink: CMTB) reopened its Maywood branch today after being closed for the past three months for renovations. The updated branch features a more spacious, modern layout and offers enhanced services to meet the needs of today’s banking customer who is looking for a traditional branch with the added convenience of digital and mobile banking capabilities.

“The bank branch is where people come to conduct major transactions and seek financial advice, it was important that our renovated branch offer a more intimate experience for these types of interactions. At the same time, our customers want the convenience of online and mobile banking, so we incorporated these features into the new space,” said Peter A. Michelotti, President and CEO of Community Bank of Bergen County, NJ (CBBC).

The updated Maywood branch includes:

  • Two full service ATMs - one in the lobby and one outside of the Bank;
  • A tech bar with an iPad and a desktop for online banking;
  • Sleek teller pods that create a more intimate banking experience;
  • Glass enclosed officer stations, for increased privacy;
  • A conference room accessible to bank customers;
  • A spacious customer lounge;
  • Complimentary coffee.

The branch continues to provide a walk-up window in the lobby as well as drive thru banking.

“The new Maywood branch truly offers our customers the best of both worlds – a traditional bank branch with the modern amenities our customers have come to expect,” said Michelotti. “The Maywood branch will serve as the model for all branches of the soon-to-be merged bank.”

The Maywood branch renovation comes on the heels of the anticipated merger between Community Bank of Bergen County, NJ and Sussex Bank, which was announced on April 11, 2017. The merger, which is expected to close during the fourth quarter of this year, will create expanded market opportunities with 14 branches in Sussex and Bergen counties and Astoria, New York, and the potential for further growth in the metropolitan area.

There will be a Maywood branch ribbon cutting ceremony on September 8, 2017 at 10:30 a.m. Assemblyman Tim Eustace and a Maywood Borough official will be in attendance in addition to the senior management of CBBC and Sussex Bank. CBBC customers and local business owners are encouraged to attend.

About Community Bank of Bergen County

Established in 1928, Community Bank of Bergen County, NJ (CBBC) serves the northern New Jersey community with three locations in Rochelle Park, Maywood and Fair Lawn. Dedicated to superior service, the bank offers a range of customized personal and business banking products and the convenience of 24-hour ATMs and online banking. With lending decisions made locally, and a responsive management team, Community Bank of Bergen County is committed to providing an exceptional banking experience. On April 11, 2017, the Bank entered into a definitive agreement with Sussex Bancorp and Sussex Bank pursuant to which Sussex Bancorp will acquire the Bank in an all-stock transaction. The transaction is expected to be completed during the third quarter of 2017, subject to approval by each company's shareholders, as well as regulatory approvals and other customary closing conditions.

CBBC is a member of the Federal Deposit Insurance Corporation (FDIC) and an Equal Housing Lender. CBBC makes loans without regard to race, color, religion, national origin, sex, handicap, or familial status.

For more information, visit the Bank’s web site at, and to view CBBC’s 2016 Audited Financial Statements, visit:

Forward-Looking Statements

This press release and other statements made from time to time by Community Bank of Bergen County's management contain express and implied statements relating to our future financial condition, results of operations, credit quality, corporate objectives, capital, liquidity and other financial and business matters, which are considered forward-looking statements. These forward-looking statements are necessarily speculative and speak only as of the date made, and are subject to numerous assumptions, risks and uncertainties, all of which may change over time. Actual results could differ materially from those expected or implied by such forward-looking statements. The words “may”, “could”, “should”, “would”, “will”, “project”, “continue”, “believe”, “anticipate”, “expect”, “intend”, “plan”, and similar expressions are intended to identify forward-looking statements. 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. Risks and uncertainties which could cause our actual results to differ materially and adversely from such forward-looking statements include the current economy, both nationally and locally, and how it is affecting the financial industry specifically; volatility in interest rates and the shape of the yield curve; increased credit risks and risks associated with the real estate market; the potential for increased non-performing loans; operating, legal, and regulatory risk; economic, political, and competitive forces affecting the Bank's lines of business; the extent and timing of actions of the Federal Reserve Board; customer acceptance of our products and services; the inability to resolve our problem loans as expected; and other risks and uncertainties. Any statements made that are not historical facts should be considered to be forward-looking statements. You should not place undue reliance on any forward-looking statements. We undertake no obligation to update forward-looking statements or to make any public announcement when we consider forward-looking statements to no longer be accurate, whether as a result of new information or the occurrence of future events, except as may be required by applicable law or regulation.


Community Bank of Bergen County, NJ
Peter A. Michelotti, 201-587-1333
President and CEO

Release Summary



Community Bank of Bergen County, NJ
Peter A. Michelotti, 201-587-1333
President and CEO