American Bancorp of New Jersey, Inc. Announces Completion of Stock Repurchase.BLOOMFIELD, N.J. -- American Bancorp of New Jersey, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ABNJ ABNJ American Bancorp of New Jersey, Inc ) (the "Company"), the holding company of American Bank of New Jersey (the "Bank"), announced the completion of its repurchase of 1,416,322 shares of common stock in accordance with the Company's 10% stock repurchase plan stock repurchase plan 1. See buyback. 2. See self-tender. announced on October 19, 2006. As of December 31, 2006, the Company had consolidated total assets of $524.3 million and stockholders' equity Stockholders' Equity The portion of the balance sheet that includes capital received from investors in exchange for stock (paid-in capital), donated capital, and retained earnings. This is equal to total assets minus liabilities, preferred stock and intangible assets. of $112.6 million. The Bank is a federally chartered stock savings bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. which conducts business from its main office in Bloomfield, New Jersey and its branch offices located in Verona and Cedar Grove, New Jersey. The foregoing material contains forward-looking statements concerning our financial condition, results of operations and business. We caution that such statements are subject to a number of uncertainties and actual results could differ materially, and, therefore, readers should not place undue reliance on any forward-looking statements. We do not undertake, and specifically disclaim, any obligation to publicly release the results of any revisions that may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements. |
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