HOBOKEN, N.J., -- Washington Bancorp of New Jersey said it remains in negotiations for the possible purchase of the company by Hubco Inc.

The company said its board authorized the management to pursue negotiations, but the board has yet to make a definitive decision that the company should no longer remain independent.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.