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Cape Bancorp completes stock repurchase

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Cape Bancorp Inc., in the Cape May Court House section of Middle Township, announced today the completion of its stock repurchase program.

The company, parent to Cape Bank, repurchased 667,239 shares of its common stock at an average price of $9.35 per share, according to the announcement.

In addition, the board of directors announced a dividend at 5 cents per share, payable July 29. According to the announcement, Cape Bancorp has total assets of $1.03 billion, and it has 15 offices throughout Atlantic and Cape May counties.

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