New Jersey Community Bank's Chief Retiring

By Tanaya Macheel April 30, 2015, 5:43 p.m. EDT 1 Min Read

Community banking

New Jersey Community Swings to 2013 Loss Following Revision

New Jersey Community Bank in Freehold (NJCB) has revised its fourth-quarter and annual results for 2013 to reflect a non-recurring $2 million litigation charge.

By Amilda Dymi

April 15

New Jersey Community Bank in Freehold is looking for a new chief executive.

The $129 million-asset bank said in a press release Thursday that Robert O'Donnell will remain its chairman even though he is retiring as CEO.

William Placke, a director, will serve as interim president and CEO. The bank said it had created a search committee and is working with an executive search firm to find a permanent replacement for O'Donnell.

Placke has more than 47 years experience in the banking industry. The company said Placke has served as president and chief executive of two community financial institutions.

Tanaya Macheel

Reporter

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