Roma Financial Announces Completion of Merger With Sterling Banks
17 7월 2010 - 6:15AM
Roma Financial Corporation (Nasdaq:ROMA), the holding company of
Roma Bank, and Sterling Banks, Inc. (Nasdaq:STBK), the holding
company for Sterling Bank, jointly announced today that they have
completed the merger of Sterling Banks with Roma Financial. Roma
Financial acquired all of the outstanding shares of Sterling for a
total purchase price of approximately $14.7 million in cash, or
$2.52 per share for each share of Sterling common stock
outstanding. With the consummation of the merger, Sterling
Bank has been merged into Roma Bank
Peter A. Inverso, President and Chief Executive Officer of Roma
Financial Corporation and Roma Bank commented, "We are pleased to
have successfully concluded the merger. We welcome Robert
King, Sterling's former President & CEO, the Sterling Bank
employees and the Sterling Bank customers into the Roma Bank
Family."
"We eagerly look forward to meeting our new customers when we
open the doors of our ten acquired branches this coming Monday,
July 19. Roma Bank now has twenty-four branches in its retail
network with locations in Mercer, Burlington, Ocean and Camden
counties, state of the art internet banking and provides customer
surcharge free access to 37,000 nationwide Allpoint ATM's," added
Inverso.
Roma Financial Corporation is the holding company of Roma Bank,
a community bank headquartered in Robbinsville, New
Jersey. Roma Bank is celebrating its 90th year of serving
families, businesses and the communities of Central New
Jersey with a complete line of financial products and
services. Visit Roma online at www.romabank.com.
CONTACT: Roma Financial Corporation
Peter A. Inverso, President & CEO
609 223-8310
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