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First Jersey Title Services, since our inception in February of 1984, is a company dedicated to accuracy and service. Through the ever-changing technological world, First Jersey Title Services has been able to provide a more client friendly product for all of its customers

First Jersey Title Services is one of the largest title insurance agencies in the State of New Jersey. Title policies are underwritten by First American Title Insurance Company and Lawyers Title Insurance Corporation, the largest national underwriters.

The staff of First Jersey Title has expertise in all forms of real estate transactions, including Residential, Commercial, Development, Foreclosures and Bankruptcies.

With our years of experience and tens of thousands of transactions, the professionalism, dependability, speed, accuracy and problem solving techniques are the highlights of our reputation.

Experienced in all real estate scenarios, we are more than accustomed to the intricacies of Closings and Settlements. Our computer network, custom software and experienced staff make each closing with professionalism and expertise the norm at First Jersey Title Services.



Friday June 7th, 2002 10:09 am Eastern Time
Press Release
SOURCE: Columbia Bank

          Columbia Bank
 

 


Columbia Bank to Acquire First Jersey Title Services

FAIR LAWN, N.J., June 7th /PRNewswire/ -- Columbia Bank today announced that it has entered into an agreement to purchase through a subsidiary of the Bank, First Jersey Title Services, a title insurance agency. Upon completion of the acquisition, First Jersey Title will be a wholly owned subsidiary of the Bank. The acquisition is expected to be completed in the second quarter of 2002. Financial terms of the agreement were not disclosed.

In making the announcement, Columbia President and Chief Executive Officer Raymond Hallock called the purchase "the next strategic step in the evolution of our Bank's full-service concept." First Jersey Title President Scott A. Penque added, "our two organizations have very similar beliefs in the importance of providing quality service. This agreement will allow us to strengthen our industry position, while still maintaining the high levels of service our clients have come to expect." Mr. Hallock also noted, "Having access to a title insurance agency, with such established levels of experience, is definitely another Columbia service advantage."

Founded in 1984, First Jersey Title is one of the leading title insurance agencies in New Jersey. The Paramus-based firm, headquartered at 80 East Ridgewood Avenue, has expertise in all forms of real estate transactions, including residential, commercial and development. Following the acquisition, First Jersey Title will continue to operate under the same trade name, with the same management and customer service support team.

With current assets over $2.7 billion, Columbia Bank is a New Jersey-based, independent community bank that maintains 33 offices in ten counties statewide. Columbia was founded in Fair Lawn in 1927.


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25-00 Broadway, P.O. Box 2525
Fair Lawn, NJ 07410
Phone (201) 791-4200 - Fax (201)-791-9050



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