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Liberty Bell Bank Announces Branch Expansion.

MARLTON, N.J. -- Liberty Bell Bank (Nasdaq:LBBB) today announced it has received regulatory approval to establish a branch office to be located at the Town Square Shopping Center located at Union Mill Road and Elbo Lane in Mount Laurel, New Jersey.

This will be the fourth full service banking center for Liberty Bell Bank. Liberty Bell Bank opened in August 2003 with an initial office at the Liberty Bell Bank Plaza on Route 70 in Cherry Hill, New Jersey and added a branch in Moorestown, New Jersey in 2004 and one at its Marlton, New Jersey headquarters in 2005.

"This is a very exciting time for Liberty Bell Bank and a fine way to celebrate the fifth anniversary of our September 2003 opening," said President and CEO Kevin Kutcher, who added, "especially demonstrating the strength of Main Street community-based banks as compared to the dire headlines surrounding the Money Center Banks and Wall Street Financial Centers."

Liberty Bell Bank Chairman William Dunkelberg stated, "This is a fine day for Liberty Bell Bank and one that demonstrates the vitality of Liberty Bell Bank and our prospects for continuing growth and a bright future as community banks continue to show the value of fundamental banking practice. We are especially pleased that our regulators supported our request, affirming that our bank is in fine shape to support the growth of this proposed branch."

Liberty Bell Bank anticipates opening its new Mount Laurel office in January 2009, if not before year-end 2008, following renovations to the existing space.

Liberty Bell Bank is headquartered in Marlton, New Jersey and reported total assets of $149 million at June 30, 2008.
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Publication:Business Wire
Date:Sep 29, 2008
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