SOMERVILLE, N.J. -- Bancorp New Jersey announced an expansion of its stock repurchase program.

The board of the $467 million-asset banking company, in the second expansion of a 1989 program, authorized the repurchase of 100,000 shares of common stock, bringing the total that can be repurchased up to 700,000 shares.

Bancorp New Jersey had acquired 599,861 shares of the 600,000 shares previously authorized.

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