NEW BRUNSWICK, N.J.--(BUSINESS WIRE)--Brunswick Bancorp (OTCBB:BRBW) announced today the sudden passing of Chairman and CEO Roman T. Gumina. Director Frank Gumina, Jr. will become Interim Chairman of the Company. President Nicholas A. Frungillo, Jr. will remain as President of the Company.
Chairman Gumina stated: “We are shocked and saddened by the sudden passing of our friend and colleague, Roman Gumina. The Company remains in the capable hands of our President, Nicholas A. Frungillo, Jr., who, with the assistance of the Board, and Senior staff will continue to guide the Company through this transition period. We remain strongly capitalized, and look forward to continuing to serve our clients and communities.”
Brunswick Bancorp is the holding company for Brunswick Bank & Trust, a New Jersey chartered commercial bank which serves central New Jersey through its New Brunswick main office and six additional branch offices. As of March 31, 2018, the Company had consolidated total assets of $185,263,000, total loans of $141,644,000 and total deposits of $146,836,000.