First Commerce Bancorp, Inc., Announces Relocation of Its Corporate Headquarters in Lakewood, NJ

LAKEWOOD, NJ / ACCESS Newswire / February 6, 2025 / First Commerce Bancorp, Inc., (the "Company") (OTC PINK:CMRB), the holding company for First Commerce Bank (the "Bank"), is proud to announce the relocation of its corporate headquarters to a new facility in Lakewood, New Jersey. This state-of-the-art building marks a significant milestone in First Commerce's growth and commitment to the community by enhancing its operational capabilities and customer service.

The new headquarters, located on the entire 3^rd floor at newly built Liberty Plaza building at 1700 Avenue of the States, spans over 15,700 square feet and features cutting-edge technology, modern workspaces, and a collaborative floor plan design. This move is part of the Bank's strategic plan to foster innovation, collaboration, and efficiency within the organization.

"We are thrilled to relocate our headquarters in Lakewood," said Gregory Garcia, EVP, Chief Operating Officer of First Commerce Bank. "This new facility will not only provide our employees with a world-class working environment but also enable us to better serve our clients and partners. It represents our dedication to growth and excellence to the community and our clients."

Working with local firms on the design and build, the headquarters will house all the Bank's back-office operations, including loan operations, digital banking, customer support, and administrative offices. The Bank will also open a retail branch on the first floor of the building to accommodate commercial and retail clients in the immediate and greater Lakewood market. The Bank's existing branch office located on 105 River Ave. will remain open and provide the same level of convenience and service to our customers.

"Working with local vendors was important for us on this project. It is part of our core mission to help small businesses thrive. By collaborating with local firms, they were able to help us make our collective vision a reality," said EVP, Chief Lending Officer, Eli Rennert.

President & CEO Donald Mindiak commented, "Our original headquarters served us well over the past 15 years to help our communities grow and prosper. This new facility is an investment into the future growth of First Commerce and serves as a symbol of our continued commitment of being the Bank Built for Community."

First Commerce will soon announce its Grand Opening event and invites the community and media to join the grand opening ceremony, where attendees will have the opportunity to tour the new facility and learn more about the company's vision and future plans.

For more information, please visit our website or contact our offices at 732-364-0032.

About First Commerce Bancorp, Inc.

First Commerce Bancorp, Inc, is a financial services organization headquartered in Lakewood, New Jersey. The Bank, the Company's wholly owned subsidiary, provides businesses and individuals a wide range of loans, deposit products and retail and commercial banking services through its branch network located in Allentown, Bordentown, Closter, Englewood, Fairfield, Freehold, Jackson, Lakewood, Robbinsville and Teaneck, New Jersey. For more information, please go to www.firstcommercebk.com.

Forward-Looking Statements

This release, like many written and oral communications presented by First Commerce Bancorp Inc., and our authorized officers, may contain certain forward-looking statements regarding our prospective performance and strategies within the meaning of Section 27A of the Securities Act of 1933 as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and are including this statement for purposes of said safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations of the Company, are generally identified by use of the words "anticipate," "believe," "estimate," "expect," "intend," "plan," "project," "seek," "strive," "try," or future or conditional verbs such as "could," "may," "should," "will," "would," or similar expressions. Our ability to predict results or the actual effects of our plans or strategies is inherently uncertain. Accordingly, actual results may differ materially from anticipated results.

In addition to the factors previously disclosed in prior Bank communications and those identified elsewhere, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: the impact of changes in interest rates and in the credit quality and strength of underlying collateral and the effect of such changes on the market value of First Commerce Bank's investment securities portfolio; changes in asset quality and credit risk; the inability to sustain revenue and earnings growth; difficult market conditions and unfavorable economic trends in the United States generally, and particularly in the market areas in which First Commerce Bank operates and in which its loans are concentrated, including the effects of declines in housing market values; the effects of the recent turmoil in the banking industry (including the failures of two financial institutions); inflation; customer acceptance of the Bank's products and services; customer borrowing, repayment, investment and deposit practices; customer disintermediation; the introduction, withdrawal, success and timing of business initiatives; competitive conditions; the inability to realize cost savings or revenues or to implement integration plans and other consequences associated with certain corporate initiatives; economic conditions; and the impact, extent and timing of technological changes, capital management activities, and actions of governmental agencies and legislative and regulatory actions and reforms and the impact of a potential shutdown of the federal government.

SOURCE: First Commerce Bancorp, Inc.