PRINCETON, N.J. -- UJB Financial Corp. said it has obtained Federal Reserve Bank of New York approval to merge three New Jersey banks into one with $11 billion of assets and 183 branches statewide.

The separately chartered banks -- United Jersey Bank/Central, West Windsor; United Jersey Bank South, Cherry Hill; and United Jersey Bank of Hackensack -- would become United Jersey Bank, based in Hackensack. UJB chairman T. Joseph Semrod would be chief executive officer of the bank.

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