Community Partners Bancorp announced unaudited consolidated earnings for the quarter and year ended December 31, 2009. For the quarter ended December 31, 2009, Community Partners Bancorp reported a net income available to common shareholders of $237,000 or $0.03 per share, compared with a net loss to common shareholders of $536,000 or $0.07 per share from the same period in 2008. On a linked quarter basis, the December 31, 2009 net income available to common shareholders of $237,000 was $6.6 million higher than the September 30, 2009 net loss to common shareholders of $6.4 million. Net interest income for the quarter ended December 31, 2009 totaled $5.9 million, an increase of $1.5 million, or 34.7% over the same quarter in 2008. On a linked quarter basis, net interest income increased by $124,000, or 2.1%, for the fourth quarter of 2009 from $5.8 million earned in the third quarter 2009. The company reported return on average assets of 0.06% compared to negative return on average assets of 0.38% in the previous year period. The company reported return on average equity of 0.49% compared to negative return on average equity of 2.90% in the previous year period. For the year ended December 31, 2009, the company reported a net loss to common shareholders of $5.7 million or $0.79 per share compared with net income available to common shareholders of $798,000 or $0.11 per share for the year ended December 31, 2008. The net loss in 2009 was caused by a previously reported non-cash goodwill impairment charge of $6.7 million, recorded in third quarter 2009, relating to the 2006 acquisition of The Town Bank. For the year ended December 31, 2009, net interest income totaled $21.3 million, an increase of $2.5 million, or 13.2%, from net interest income of $18.8 million for the year ended December 31, 2008. The company reported negative return on average assets of 0.82% compared to return on average assets of 0.15% in the previous year period. The company reported negative return on average equity of 6.29% compared to return on average equity of 1.09% in the previous year period. Book value per share was $9.43 compared to $10.22 in the previous year period.

Community Partners Bancorp announced that Michael Bis, the Chief Accounting Officer and Controller of the company announced his intention to resign effective January 8, 2009. Barry B. Davall, provided notice to the company of his intention to retire from his position as director of the company and its wholly owned banking subsidiary, Two River Community Bank, effective December 31, 2009.

Community Partners Bancorp has announced that it will complete its current management succession plan, initiated in 2006. Effective January 1, 2010, William D. Moss, Executive Vice President and Senior Loan Officer of the company, will assume the title of President and Chief Executive Officer of the company, in addition to retaining the title of President and Chief Executive Officer of Two River Community Bank. He also will continue to serve as a member of the Board of Directors of both entities. Mr. Moss will replace Charles T. Parton, currently Interim President and Chief Executive Officer of the company, who will remain as Chairman of the Board of both the company and Two River Community Bank.

Community Partners Bancorp Reports Third Quarter 2009 Results

Community Partners Bancorp Reports Completion of Management Succession Plan

Community Partners Bancorp Reports 2009 Results

COMMUNITY PARTNERS BANCORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements an

Community Partners Bancorp Reports 2009 Results

COMMUNITY PARTNERS BANCORP Files SEC form 8-K, Change in Directors or Principal Officers

Community Partners Bancorp Reports Completion of Management Succession Plan

COMMUNITY PARTNERS BANCORP Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Ex

Community Partners Bancorp Reports Second Quarter 2009 Results

COMMUNITY PARTNERS BANCORP Files SEC form 8-K, Other Events, Financial Statements and Exhibits

COMMUNITY PARTNERS BANCORP Files SEC form 10-Q, Quarterly Report

COMMUNITY PARTNERS BANCORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements an

Community Partners Bancorp Reports Third Quarter 2009 Results

Northeastern Community Banks Superior Credit Profile Than National Average Creates Greater Return In Economic Recovery

COMMUNITY PARTNERS BANCORP Files SEC form 8-K, Changes in Registrant's Certifying Accountant, Financial Statements an

COMMUNITY PARTNERS BANCORP Files SEC form 10-Q, Quarterly Report

COMMUNITY PARTNERS BANCORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements an