— business

Bancorp Hits Billion Mark

Statewide Bancorp, with which the First National Bank of Toms River is ^filiated, has become the newest billion dollar bank in liew Jersey, which makes it one of the largest ^ of the independent banks in the state. The growth and earnings for the third quarter of 1984 show a 48 percent increase over the same three-month period in 1983, with earnings of 96 cents per share before preferred dividend, as compared to 65 cents in 1983. NET INCOME for the full nine months ended Sept. 30, 1984, amounted to $7,189,778, a 35 percent increase over the same

nine-month period in 1983 when net income was $5,331,847, as evidenced by $2.72 per share, prior to payment of the preferred dividends, compared to $2.02 in the 1983 nine-month period. Statewide's return on average assets for the first nine months -this year was 1.03 percent. The bank is celebrating with a Billion Dollar Sweepstakes program, with prizes to be awarded Oct. 31. IN AUGUST, the dividend rate was increased to 30 cents per share for the quarter, which ' . translates to an

annual dividend rate of $1.20 per share. Despite its vigorous opposition, Bancorp reported to its stockholders, the application of Midland Banks, Inc. to acquire up to 24.9 percent of Statewide's stock, as filed with the Federal Reserve Board in Washington, was approved Aug.' 13. Over the signature of Joseph W. Robertson, president and chief executive ' officer, Statewide assures its shareholders that it will continue to resist efforts by other corporations to acquire its securities.

WE WANT YOU I TO PRE-REGISTER FOR THE 1984 MIDDLE TOWNSHIP HALLOWEEN PARADE Name;. Address: H. Phone; : ' Costume Title: — Jk Age Group (Check One): 7 & Under 12 To 15 > 8 To 11' 16 & Over ^ Group/Family - For Pre- Judging. Turn in Form at RegntTation ~ w Table m The Parking Lot at Murphys Mart Between 53Q & 6JOOct 3Q 1984 Parade Tme 7

A message that rates your interest from ... NEW JERSEY S NEWEST BILLION DOLLAR BANK "The First National Bank of Toms River. N.J. is pleased to take this opportunity to inform you that your Bank now has over SI Billion in assets. This »' is a major milestone in our 10;i year existence. As one of the largest independent community banks in New Jersey, we realize that this achievement could not have been possible without the continued confidence and support of you, our customer. At The First National Bank of Toms River. N.J. ... one thing will never change ... our way of doing business. Our customer is still our most important product and we pledge that you'will continue to receive the same kind > of personal attention we started out with over 100 years ago. Again, we thank you." ' ...Our Rates Will Interest You, Too!

30 DAY CD 9.96% Effective Annual Yield \ On An Interest Rate Of 9.50% ^ minimum opening deposit of $2500 compounded daily ' , Ulo23MONraCD 12.36% Effective Annual Yield On An Interest Rate Of 11.50% minimum opening deposit of $500 compounded daily \ Z==ZZZ=~I=IZII MONEY MARKET ACCOUNT \ 9.65% U Effective Annual Yield On An Interest Rate Of 9.25% mimmun opening deposit of $2500 compounded monthly

91 DAY CD 10.11% Effective Annual Yield On An Interest Rate Of 9.75% ^ minimum opening deposit of bioou) compounded quarterly \ 24 to 35 MONTH CD 12.65% Effective Annual Yield On An Interest Rate Of 11.75% minimum opening deposit of $500 . \ compounded daily MONEY MANAGEMENT ACCOUNT 9.92% Effective Annual Yield t On An Interest Rale()f 9.50% minimum opening deposit of $100,000 ^compounded monthly * ✓ " •

6 MONTH CD * 11.83% Effective Annual Yield On An Interest Kate Of 11.50% * minimum opening deposit of S looo „ compounded semi-annually - • „ I • 36T048 MONTH CD 12?76% Effective Annual Yield On An Interest Rate Of 11.85% v minimum opening deposit of $500 f compounded daily SUPER NOW ACCOUNT 8.30% • Effective Annual Yield On An Interest Rate Of * . 8.00% minimum opening deposit of $2500 compounded monthly — ^

The First National Bank of Toms River. N.J. has an interest in you. These same attractive rates are available to you at any branch office of our Bank located in Ocean, Atlantic. Burlington. Cape May and Salem County. Stop in at any one of our convenient locations near you ... we want to show our interest. ^

THE FIRST NATWNAL RANK Member F.D. I.C. Member Statewide Bancorp

Hairs and yields quoted are as of publication dale and are subject lo change with market condition* Federal regulations require' a substantial interest penalty (or early withdrawal from certificates of deposits before nuturiiy Certificate* of deposit rales are guaranteed for (be term selected Yields quoted assume thai the principal and interest earned remain on account tor a full year at the quoted rate howe»er these rate* may change at reinvestment