Bob Schwartz, John Bitar, Greg Krauss Counsel Bank's Switch to New Jersey State Charter

Monday, February 11, 2013

Bob Schwartz (Partner, New Jersey), John Bitar and Greg Krauss (Associates, New Jersey) are serving as counsel to Colonial American Bank in its application to move the bank's headquarters and switch its state charter from Pennsylvania to New Jersey. In this American Banker article, Greg noted that New Jersey "will likely approve the application shortly." Colonial, which moved its $120 million-asset business to New Jersey in 2011, would be the first bank to switch its state charter to New Jersey since 2002.