Roma Financial Announces Completion Of Merger With Sterling Banks
ROBBINSVILLE and MOUNT LAUREL, N.J., July 16, 2010 (GLOBE NEWSWIRE) -- 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 90 th 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
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV