NEW YORK—On July 3, 2008, the Federal Reserve Bank of New York approved the application by North Jersey Community Bancorp, Inc., Englewood Cliffs, New Jersey, to become a one-bank holding company by acquiring 100 percent of the outstanding stock of North Jersey Community Bank, Englewood Cliffs, New Jersey, pursuant to Section 3(a)(C) of the Bank Holding Company Act of 1956, as amended.

The Reserve Bank acted under authority delegated by the Board of Governors of the Federal Reserve System.