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Covering Hamilton and Robbinsville townships in-depth for The Trentonian. I can be reached at (609) 989-7800 ext. 207 or (609) 468-6962. Email me at or follow me @awisefool.

Wednesday, April 3, 2013

Roma Bank to lay off 57 employees as part of merger

Roma Bank will lay of 57 of its employees as part of the Robbinsville-based institution’s merger with Investors Bank announced last year.
Roma CEO and President Peter Inverso said the layoffs came from duplicative administrative employees within the bank. Forty of the employees had not interviewed for positions at Investors, he said. The layoffs are effective May 31, according to a March 28 letter from Investors Bank.
“Investors went out of their way to keep as many employees as they possibly could,” he said.
Inverso said the layoffs will not affect the front-end operations, such as loan officers, and comprises only a fraction of the bank’s 330 employees. He said the employees were all offered severance packages as part of their termination.
The letter itself said “the mass layoff will be conducted because of the anticipated merger between Investors Bank and Roma Bank and both the resulting redundancy of jobs remaining after the merger as well as the termination of certain operations,”
You can read the full story here.


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