A New Jersey thrift recently sent out a press release that sounded like it should have been a personal ad in a magazine.

"We are searching for an acquirer who will recognize the value of an efficient and innovative funding source and be able to leverage the critical mass pioneered by Premium Federal Savings Bank with capital and assets," the Gibbsboro thrift's release began, quoting president and CEO Michael D. Devlin. "An ideal acquirer could be a nonregulated financial entity with a need for funding, direct marketing skills, or a federal charter."

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