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A New Statewide Computer Center

COURT HOUSE - The new electronic data processing and operations facility of Statewide Bancorp, covering 40,000 square feet and located on 11.2 acres of land on the Lakewood Industrial Park campus, will improve banking services to the five I full service branches of I The First National Bank of Toms River, according to Paul Ekstrom, regional administrator. The computer center, with its latest, state-of-the-art software; and a new communications network will serve Statewide's Court House Annex banking center, along with its branches managed by Cheryl McDonald, Court House; Irene Buckley, Rio Grande; Steven J. George, Starn's/Rio Grande;

George Wunder. Villas, and l.illian Hickey, Wildwood Crest. The new master operations center facility will serve the Statewide annex adjacent to the Court House Branch on North Main Street, including John O. Hefti, commercial and mortgage loan officer , Margaret Moser, resi- • dential mortgage; Joseph Jackson, business development and government banking; Edward Foster, trust accounts; and Ekstrom, regional branch administrator, as well as thebank's TOM/automated teller system in the county, with installations at Court H o u s e , R i o Grande/Starn's. Villas and Wildwood Crest.

Earnings Zooming For N.J. National

I PENNINGTON - New Jersey National Corporation achieved a 20 percenl increase in earnings for the . first quarter of 1986 as net income rose to $5,076 million from $4,243 million for the same period in 1985. First quarter earnings were reported by John H. Walther. chairman of the board, during the Corporation's 179th Annual Meeting of stockholders April 9 Earnings per share for the first quarter were $.5.^ on a primary basis and $.51 on a fully diluted basis, compared to $ 48 and $ 48. respectively, in 1985 These figures reflect _ the three for-two split of the corporalion's common stock March 31 Fli.l.Y DII.l'TKIJ earn ings per share reflect, primarily, the additional shares issuable upon the assumed conversion of the 8' i percent convertible subordinated debentures issued on December 1985 Walther added that the growth in net income was largely the result of an increase in non-interest income and a continued demand for New Jersey NaModels Available DIAMOND BEACH - Th Gables. Robert Ciampitti's 5150-million townhouse community on 128 acres here, has announced three models with starting prices ranging from $119,900 to $139,900 He also plans a shopping center and hotel/convention center at the site, according to a news release

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tional's commercial and consumer loan sen-ices Walther also reported a 20 percent increase in total assets to $2 billion from $1.7 billion a year earlier. Total deposits and total loans grew to $1 8 billion and $1 4 billion, respectively. Statewide Earnings Take Jump TOMS RIVER Statewide Bancorp/The First National Bank of Toms River, reported an outstanding increase of 83 3 per cent in earnings for the first quarter of 1986 with primary earnings per share of $1 32 as compared to $72 per share for the. first quarter of 1985 Fully diluted earnings per share were $kl8 as compared to $ 68 -for\lhe same period last year Net income for the first three months of 1986 was $4,433,785 as compared to $2,459,719 for the first three months of 1985 This impressive gain in earnings increased assets by 22.2 per cent compared to March 31. 1985 The continued gain in earnings and assets has been achieved, in part, by an increase in the loan portfolio and a decrease in the cost of money THE EXERCISE of war rants, at $23 per share on or before March 31. 1986. in I creased capital by approximately $10* million. Of the 550,000 warrants issued as part of a public offering in April 1984. 119.427 warranLs remain, exercisable at $26.50 per share until March 31. 1989. the expiration date. The increased capital now provides a capital base of $98,317,408. a position that will allow further expansion of assets during 1986 through planned de nova activity and a concerted effort to attract a larger market share in preI sent banking ar^as

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