Board of Directors
Frank J. Patock, Jr. is currently the Chairman of the Board of the Company and the Bank. Mr. Patock is also President of Patock Construction Company, a general contracting company located in Tinton Falls, New Jersey and was born and raised in the Red Bank area. He is a founder and former member of the Board of Directors of Tinton Falls State Bank. He is a past President of the Red Bank Rotary Club and is the current President of the Affordable Housing Alliance. Mr. Patock’s experience qualifying him for service as a director include his over 25 years’ experience as a bank incorporator/director and his valuable business acumen and experience as the long-time CEO of a general contracting company specializing in the development of corporate, retail and governmental building facilities. His contacts and reputation throughout the state’s construction industry enable Mr. Patock to develop business for the Bank.
William D. Moss is currently President and Chief Executive Officer and a director of the Company and the Bank, and has served in various capacities with the Company and the Bank since its inception in 2000. Prior to that time, Mr. Moss served in various officer positions with several banks, including Midlantic National Bank and Central Jersey Bank and Trust Company. Mr. Moss is a 1987 graduate of the Stonier Graduate School of Banking. He currently serves on the New Jersey State Banking Advisory Council, the board of the New Jersey Bankers Association, the American Bankers Association Community Bank Advisory Council and several non-profit boards. He is past president of the Community Bankers Association of NJ and the American Cancer Society/Jersey Shore Region, and has also served as Councilman in the Borough of Shrewsbury, NJ and chair of its finance committee. In his capacity as the Company’s President and Chief Executive Officer, Mr. Moss brings extensive knowledge of the commercial banking industry, gained over 35 years of experience, to the governance and leadership of the organization.
Charles F. Butrico, Jr. is currently a director of the Company and the Bank. Mr. Butrico is employed by Computer Sciences Corporation (CSC), a provider of information technology services, as a Client Relationship Executive. He has been with that firm since 1996. Mr. Butrico has over 35 years experience in the information technology industry. Mr. Butrico also served as a Councilman of the Borough of South Plainfield, New Jersey from 2002 to 2006, and its Mayor from 2007 to 2010. He sat on a number of boards including the Planning Board, and the Business Persons Advisory Board. Mr. Butrico is a graduate of Rutgers University where he obtained a bachelor’s degree in Business Management, graduating with high honors. Mr. Butrico is qualified to serve on the Board of Directors because his public service experience in Middlesex County, New Jersey, including his time as Mayor of South Plainfield, will benefit the Board and the Company. In addition, his expertise in information technology is valuable to the Board.
James M. Bollerman - Vice Chairman
James M. Bollerman is currently a Vice Chairman of the Board of the Company and the Bank. Mr. Bollerman is the founder of Bollerman Real Estate Services, a firm that develops real estate and provides real estate consulting services. Mr. Bollerman has been directly involved with the development, planning and construction of over 20 million square feet of space in New Jersey. Prior to starting his own companies, Mr. Bollerman was Chief Executive Officer of a subsidiary of New Jersey Resources Corporation, a New York Stock Exchange listed company. He is a former member of the Board of Directors of New Jersey Resources Corporation and served on its Finance Committee. Mr. Bollerman was also an assistant to a cabinet officer in the State of New Jersey. Mr. Bollerman is a graduate of Seton Hall University School of Law. Mr. Bollerman’s experience qualifying him for service as a director includes a 32-year business career in a variety of senior corporate, governmental and entrepreneurial positions, including Director and Division President for a publicly traded company and the founder and CEO of a real estate investment and advisory firm. He is a member of the Audit Committee of the Municipal Excess Liability Joint Insurance Fund. He also serves in governance roles in the non-profit sector, including acting as a Trustee within the Meridian Health System.
Robert E. Gregory is currently a director of the Company and the Bank, and previously served as a director at The Town Bank. Mr. Gregory has been the President of NJ Galvanizing and Tinning Works, Inc. since 1982. In that capacity, Mr. Gregory is responsible for all budgeting and financial reporting. Mr. Gregory is an active member of numerous trade and non-profit organizations and is a past president of the Newark Ironbound Manufacturers Association. Mr. Gregory is a graduate of Marquette University where he obtained a bachelor’s degree. Mr. Gregory’s substantial experience as CEO of an industrial company with national clientele allows him to bring to the Board extensive managerial and financial ability. He is actively involved in Union County community activities and we believe his advocacy on behalf of the bank facilitates new business opportunities.
Robert B. Grossman, MD is currently a director of the Company and the Bank. Dr. Grossman is an orthopedic surgeon and partner with Shore Orthopaedic Group. Dr. Grossman is a licensed medical doctor in New Jersey and Colorado. He became Board Certified in orthopedic surgery in 1978, and is currently affiliated with Monmouth Medical Center, Riverview Medical Center and Drexel University. Dr. Grossman is a Fellow of the American Academy of Orthopaedic Surgery, the American Academy of Surgery, the American Sports Medicine Society and a past multi-term councilor at the Arthroscopic Association of North America, and the State Orthopedic Society. Dr. Grossman is a past president of the New Jersey Orthopaedic Society. He is a past consultant to the U.S. Soccer Federation World Cup Junior Team and a consultant at the U.S. Olympic Facility in Colorado. He was one of the founders and a member of the Board of Directors of Tinton Falls State Bank. He is the past President and past Chairman of the Board of the Jewish Federation of Greater Monmouth County, and is also the Campaign Chairman for Jewish Charities of Monmouth County. Dr. Grossman’s experience qualifying him for service as a director includes over 20 years of serving on bank boards, together with the knowledge and relationships gained through his extensive civic and community service.
William F. LaMorte is currently a director of the Company and the Bank. Mr. LaMorte has been the President of Ronstan Paper & Packaging Company, Inc. for the past 38 years. Ronstan Paper is a distributor of packaging materials, paper and janitorial products based in Eatontown, New Jersey. Mr. LaMorte is a past President of Monmouth Center for Vocational Rehabilitation and the MCVR Foundation, Inc. He is also a past President of ARC of Monmouth County. Mr. LaMorte received his B.S. degree in Business Administration from Western New England University. Mr. LaMorte’s experience qualifying him for service as a director includes 38 years of business and management experience gained while running a paper and packaging distribution company. He has also been an active volunteer leader and advisor within the local non-profit community.
Joseph F. X. O’Sullivan currently serves as a director of the Company and the Bank. Since 2009, Mr. O’Sullivan has been a senior executive with Fleetwood Financial Leasing, LLC. Mr. O’Sullivan previously served as Chairman and Director of the Board of Directors of The Town Bank until it was acquired by the Company in 2006. From 1979 to 1985, Mr. O’Sullivan was a Principal Managing Director serving as Chief Credit Officer and Syndication Manager for Vendor Funding, an equipment finance company, until the business was acquired in 1986 by First NH Banks, an operating unit of Bank of Ireland. He continued to serve in those capacities as Executive Vice President until becoming Chief Financial Officer in 1990. In 1992, he became President of Credit America Corp., which specialized in equipment leasing and commercial finance in the petroleum industry. He served there until 1995, when he became Principal Managing Director of Fleetwood Financial Corp., an equipment leasing company. He served in that capacity until 2006, when Fleetwood Financial was acquired and transitioned into a bank-owned captive leasing operation. Mr. O’Sullivan served as Executive Vice President of Syndication and Risk Management of this operation until 2009, when the business was reacquired by Mr. O’Sullivan and senior management under Fleetwood Financial Leasing, LLC. Mr. O’Sullivan’s experience qualifying him for service as a director includes his financial expertise from a diverse and extensive commercial finance and leasing background over a 40-year career. His knowledge of the Union and Middlesex County markets is important in the ongoing business development efforts of the Company. Mr. O’Sullivan has served as a bank director since 1998.
John J. Perri, Jr. - Vice Chairman
John J. Perri, Jr., CPA, MBA is currently a Vice Chairman of the Board of the Company and the Bank. Mr. Perri is a Certified Public Accountant and a partner in the accounting firm of Raymond, Perri & DeSeno, LLC, located in Tinton Falls, New Jersey. He is currently a member of the American Institute of Certified Public Accountants and the New Jersey Society of Certified Public Accountants. Mr. Perri brings to the Board over 38 years of public accounting experience, including extensive knowledge of accounting principles, financial reporting and tax issues, and the evaluation of financial results. Mr. Perri is qualified as a “financial expert” under the relevant criteria established under SEC regulations, and has acted as Chairman of the Audit Committee of Two River from its inception, as well as Chairman of the Audit Committee of the Company since 2007.
William Statter is currently a director of the Company and the Bank. Mr. Statter is the former owner of Rumson Pharmacy, located in Rumson, New Jersey. Mr. Statter is a former member of the Community Advisory Board of Tinton Falls State Bank. He is the former President of the Rumson Board of Health and a former member of the Rumson Juvenile Conference Committee. At this time, Mr. Statter is the Chairman of the Board of Trustees and Executive Director of Compassionate Sciences Alternative Treatment Center. He also serves on the Parker Family Health Center Board of Directors. Mr. Statter is a graduate of the University of Maryland School of Pharmacy. Mr. Statter’s over 40 years of successful business ownership and management in the local community, primarily in the retail pharmacy environment, enable him to provide counsel to the board in considering new retail products and in evaluating a variety of credit requests. His personal investment experience and acumen make him a valuable member of several board committees.
Robin Zager is currently Corporate Secretary and a director of the Company and the Bank. Ms. Zager was licensed as a real estate broker by the State of New Jersey in 1982 and has devoted her entire career to the commercial real estate field. She is currently a Principal of Commercial Property Advisors LLC, a real estate transaction, property and asset management, and consulting firm located in Fair Haven, New Jersey. Her volunteer experiences include past service as a Trustee of Congregation B’nai Israel in Rumson, New Jersey, where she served on the Long Range Planning and Endowment Committees, and currently serves on the Israel Scholarship Committee. Ms. Zager is a former Director of Eastern Monmouth Area Chamber of Commerce (EMACC). Active in the Red Bank Chapter of Hadassah, she served as VP of Fundraising for several years, and currently serves as Treasurer. Active in Industrial/Commercial Real Estate Women (ICREW), Ms. Zager served as Treasurer for three years and then as President for two years. Following this statewide office, she served as a National Delegate to NNCREW, the national organization for commercial real estate women. Ms. Zager is active in the Atlantic Highlands Yacht Club in Atlantic Highlands, New Jersey. Ms. Zager’s experience as a licensed real estate broker in New Jersey and involvement in all elements of the commercial real estate market for over 30 years qualifies her for service as a director. Her expertise, strategic advice and development of new business for the bank have been beneficial in the organization’s profitable growth.
Andrew A. Vitale, CPA, is currently a director of the Company and the Bank. Mr. Vitale is a Certified Public Accountant and the Partner-in-Charge of WithumSmith+Brown’s (WS+B) Red Bank office. Founded in 1974, WS+B is an accounting and consulting firm with over 500 professionals across six states. Upon joining WS+B in 1985, he co-founded the firm’s Red Bank office and established and expanded the firm's presence in the greater Monmouth County area. Mr. Vitale has over 35 years of professional accounting and business consulting experience serving a variety of companies and industries. His expertise is focused in providing services such as succession planning, acquisitions and divestitures and assisting clients with financial arrangements through banks, investment brokers and financial institutions. He is a member of the American Institute of Certified Public Accountants and the New Jersey Society of Certified Public Accountants. Mr. Vitale is also very active in community affairs, serving as chairman and on the Finance Committee of the Brookdale Community College Foundation. He is a former member of the Board of Directors of the American Conference on Diversity and is a former member of the Board of Trustees of CPC Behavioral Healthcare, where he also served as treasurer. His experience in accounting and audit over a 30-year career qualify him for service as a director.