With a deal to buy a New Jersey thrift, Investors Bancorp Inc. in Short Hills, N.J., is edging closer to reaching its goal of $10 billion of assets.

Investors announced Monday that it has agreed to buy the $622 million-asset American Bancorp of New Jersey Inc. for $140 million in stock and cash. Absorbing the Bloomfield thrift would boost its asset size to $7.7 billion and give Investors more core deposits in two northern New Jersey counties where it wants to grow.

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