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Bank sets record for earnings

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Hopewell Valley Community Bank announced Friday that its net income for the June quarter set a record, as did its earnings for the first half of the year.

Hopewell said in a news release that net income rose 7.4 percent in the quarter, to $643,748, from $599,631 in the year-ago period. In addition, earnings for the first six months of 2014 finished at $1.29 million, reversing a year-ago loss of $1 million.

The Hopewell Township-based bank also declared a regular semi-annual dividend of 5 cents per share, payable Sept. 12 to shareholders of record Aug. 12.

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Eric Strauss

Eric Strauss

Eric Strauss is the digital content editor for NJBIZ. He has been a reporter and editor for newspapers in New Jersey and Pennsylvania, as well as for a number of websites. You can contact him at erics@njbiz.com or @acerimrat on Twitter.

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