Bancorp of New Jersey in Fort Lee is looking for a new chief executive.
Michael Lesler resigned as CEO and president of the $803 million-asset company, it said Thursday. Lesler also stepped down as CEO and president of Bank of New Jersey.
The company named its chairman, Gerald Calabrese, interim CEO and president while it searches for Lesler's replacement.
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The board of Pascack Bancorp in Waldrick, N.J., spent years debating whether to sell the company or remain independent.
December 4 -
BCB Bancorp in Bayonne, N.J., has commenced a public offering of $40 million of its common stock.
September 14 -
Bancorp of New Jersey in Fort Lee is looking to raise $9.5 million through a private placement.
February 27
Bancorp of New Jersey did not say why Lesler resigned. The company reported fourth-quarter net income of $1 million, or 17 cents per share. For the full year it reported net income of $4.8 million, which it said was a record.
Lesler, who was 44 as of the company's April proxy statement, had been CEO since December 2013 and started work at Bancorp of New Jersey in 2006.
