Community Partners Bancorp · Middletown, NJ United States ·(NASDAQ (CM): CPBC)
Company Description
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This link will open in a new window Community Partners Bancorp is the holding company for Two River Community Bank and The Town Bank (a division of Two River). Through more than a dozen total branches located in eastern New Jersey , the two banks offer deposit services like checking and savings accounts, as well as a variety of lending services, to consumers and small to midsized businesses. The banks' combined loan portfolio consists mainly of commercial real estate loans (about 40%), commercial and industrial loans (25%), and construction loans (20%). Consumer and residential loans make up only about 10% of the portfolio. Two River's branches are located in Middletown, while Town Bank's are located in Westfield and Cranford. To read the full description, subscribe now.
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Key Community Partners Bancorp Financials
| Company Type | Public - NASDAQ (CM): CPBC Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $20.5 |
| 2008 Employees | 140 |
Community Partners Bancorp Executives
8 executives listed for Community Partners Bancorp's Middletown, NJ location.
| Title | Name & Bio | Contact |
| Chairman, Interim President and CEO | Charles Parton | Network |
| Vice Chairman | Joseph O¿Sullivan | Network |
| Barry Davall | Network |
Competition
Competitive Landscape for Community Partners Bancorp
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Community Partners Bancorp Competitors
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