Cape Bank Appoints Industry Veteran Arthur M. Birenbaum To Lead Expanding Commercial Lending Practice
January 12 2015 - 10:04AM
Business Wire
Cape Bancorp, Inc. (Nasdaq: CBNJ), the parent company of Cape
Bank, a $1.1 billion asset bank headquartered in Cape May Court
House, NJ, has announced the appointment of industry veteran Arthur
M. Birenbaum, formerly of The Bancorp, to lead Cape Bank’s growing
commercial lending practice.
Arthur M. Birenbaum, Executive Vice
President, Regional Commercial Lending Officer, Cape Bank (Photo:
Business Wire)
Birenbaum has more than 35 years of experience creating,
building and expanding profitable banking services, particularly to
the small- and mid-sized marketplace. Prior to joining Cape Bank,
he served as Executive Vice President of Commercial Lending for The
Bancorp, where total assets grew organically from $75 million to
approximately $4.6 billion during his tenure.
“Arthur is a dynamic business leader, as well as a trusted
advisor to many of the Philadelphia region’s top entrepreneurs and
real estate developers,” said Michael D. Devlin, President and
Chief Executive Officer of Cape Bancorp and Cape Bank. “As Cape
Bank continues its westward expansion into the Philadelphia market,
his leadership will be a major asset as we focus on the growing
needs of the middle market sector.”
According to Devlin, Birenbaum not only brings a wealth of
knowledge and experience, but also a personal portfolio of
longstanding relationships within the business community.
“Arthur has a demonstrated record of success in developing such
long-term relationships and we look forward to utilizing his
knowledge and leadership to better serve our customers. We welcome
him to the Cape Bank team,” said Devlin.
“I am very pleased to be joining an organization that is
committed to bringing a range of highly personalized business
services to entrepreneurs, as well as small and mid-sized
businesses,” said Birenbaum. “Philadelphia is a community that has
been built by the hard work and personal efforts of entrepreneurs
and small business people. I look forward to working with my
colleagues at Cape Bank to bring these energetic business leaders
customer-focused financial services that will help them continue to
grow and prosper.”
Before joining The Bancorp in 2001, Birenbaum served at the
former Jefferson Bank as Senior Vice President, Philadelphia
Business Banking Lending Group, from 1992 through 2000.
Subsequently he served as Co-Chairman of the Bank’s Government
Lending Taskforce, coordinator of the Bank’s Asset Based lending
function, and a member of Jefferson’s Loan Production Oversight
Committee. During his tenure at Jefferson, he was an integral
member of a team that grew total assets from $400 million to $1.8
billion at the time of the bank’s sale to Hudson United Bank in
2000.
ABOUT CAPE BANCORP, INC.
Cape Bancorp, Inc. with total assets of $1.1 billion, is the
parent company of Cape Bank, a New Jersey chartered savings bank
providing a complete line of business and personal banking products
through its fourteen full service offices located throughout
Atlantic and Cape May counties in Southern New Jersey, one drive-up
teller/ATM operation in Atlantic County, and two market development
offices located in Burlington County, New Jersey and in Radnor,
Pennsylvania. Cape can be contacted at (609) 465-5600 or 225 North
Main Street, Cape May Court House, New Jersey. To learn more about
the Company, please visit www.capebanknj.com.
FORWARD LOOKING STATEMENTS
Certain statements contained herein are "forward looking
statements" within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of
1934. Such forward looking statements may be identified by
reference to a future period or periods, or by the use of forward
looking terminology, such as "may," "will," "believe," "expect,"
"estimate," "anticipate," "continue," or similar terms or
variations on those terms, or the negative of those
terms. Forward looking statements are subject to numerous
risks, as described in our SEC filings, and uncertainties,
including, but not limited to, those related to the economic
environment, particularly in the market areas in which the Company
operates, competitive products and pricing, fiscal and monetary
policies of the U.S. Government, changes in government regulations
affecting financial institutions, including regulatory fees and
capital requirements, changes in prevailing interest rates,
acquisitions and the integration of acquired businesses, credit
risk management, asset-liability management, the financial and
securities markets and the availability of and costs associated
with sources of liquidity.
The Company wishes to caution readers not to place undue
reliance on any such forward looking statements, which speak only
as of the date made. The Company wishes to advise readers that
the factors listed above could affect the Company's financial
performance and could cause the Company's actual results for future
periods to differ materially from any opinions or statements
expressed with respect to future periods in any current
statements. The Company does not undertake and specifically
declines any obligation to publicly release the results of any
revisions, which may be made to any forward looking statements to
reflect events or circumstances after the date of such statements
or to reflect the occurrence of anticipated or unanticipated
events.
Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20150112005846/en/
Cape Bancorp, Inc.Michael D. Devlin, President &
CEO609-465-5600orSimon PRThomas Derr, 215-545-4715 x29215-620-7723
(cell)tderr@simonpr.com
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