Company Information

Get to know Bancorp of New Jersey

Founded in 2006, Bancorp of New Jersey, Inc. served as the holding company for Bank of New Jersey. The bank focused on providing comprehensive banking services to local businesses, professionals, and residents in Bergen, Hudson, and Morris counties. Its offerings included a variety of deposit accounts and loan products, such as commercial real estate loans, commercial and industrial loans, and consumer loans. In August 2019, it was announced that the company would be acquired by ConnectOne Bancorp, Inc., the parent company of ConnectOne Bank. The merger was completed in early 2020, with all Bank of New Jersey branches and operations being integrated into the ConnectOne Bank brand.

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Bancorp of New Jersey

United States

Founded in

2006 (20 Years)

Founded

Last online: No recent activity

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.