Bancorp of New Jersey in Fort Lee has hired a former state regulator as its new chief executive.

The $802 million-asset company said in a press release Tuesday that it also named Nancy Graves as its president. Graves, who also joined the company's board, once served as assistant division director at the state's Department of Banking and Insurance.

Graves succeeded Gerald Calabrese, the company's chairman, who became interim president and CEO in March after Michael Lesler stepped down.

Graves was also president and CEO of Pascack Bancorp in Waldwick, N.J., from 2013 to January 2016. Pascack was sold to Lakeland Bancorp in Oak Ridge, N.J., last month.

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