
Welcome to The Teaneck
Chamber of Commerce

Learn about Teaneck
Chamber of Commerce
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The Teaneck Chamber of Commerce (TCC) is a not-for-profit organization lead by business leaders who care about our community. Our members range from mom-and-pop shops and local chambers to leading industry associations and large corporations. The Teaneck Chamber’s mission is multipurpose: to promote business growth in Teaneck, to serve members with personal and professional development opportunities, to affect public policy decisions to the benefit of the Teaneck business community and to actively participate in various community activities for the betterment of quality to life in our township.
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Teaneck,NJ 07666
07666
Companion Pet Food Supply's goal is to provide your best friend with the best quality pet food available.
We want to support you in providing proper nutrition to your pet, hopefully resulting in a happier, longer life.
We are a community-based, full-service commercial bank that emphasizes the banking needs of small to medium-sized businesses, professional entities, governmental agencies and individuals. We opened in January 2006 under the name Northern State Bank. We offer a broad range of consumer and commercial banking services to our customers. We offer high-quality service by providing more direct, personal attention than we believe is offered by competing financial institutions, most of which are branch offices of banks headquartered outside our primary trade area. We believe that this combination of quick, responsive and personal service, combined with state-of-the-art banking technology, provides our customers with a superior banking experience. We urge potential investors to read our 2015 Annual Report, and subsequent Shareholder Letters, for a review of our operations, by selecting the investor relations tab on this website.
On July 22, 2010, we entered into a Recapitalization Agreement. The Recapitalization was consummated on December 14, 2010, and we raised approximately $18.3 million in additional capital. As part of the Recapitalization, we also relocated our headquarters to 105 River Avenue in Lakewood, while maintaining our original branch in Closter, New Jersey. We now serve Ocean, Monmouth, and Mercer Counties in New Jersey, as well as our original target market of Bergen County, New Jersey. We also restructured our Board of Directors, adding 11 new Board Members, while maintaining four members of the Bank’s original Board.
With the Recapitalization in December 2010, Northern State Bank finished the year 2010 with $77.6 million in total assets and $21.6 million in total capital. Subsequently, the Bank formally changed its name to First Commerce Bank in June, 2011, with additional capital of $7.2 million being raised in January, 2012 and $11.0 million in August, 2013. In the 4th quarter, 2015, there was $2.9 million raised from the exercise of warrants previously granted to the Northern State Bank shareholders as well as the founding directors and founders of First Commerce Bank, in formation. As of June 30, 2016 total assets were $758.4 million and total capital was $63.8 million.
From January 2011, to February 2018, First Commerce Bank expanded its physical presence as follows:
Date
Address
April, 2011
Headquarters, 105 River Avenue, Lakewood
April, 2013
Operations Center, 105 River Avenue, Lakewood
May, 2013
Branch, 40 North Main Street, Allentown
October, 2013
Branch, 1008 Teaneck Road, Teaneck
April, 2014
Branch, 44 Engle Street, Englewood
March, 2015
Branch, 118A Schanck Road, Freehold
March, 2015
Branch, 101 Chestnut Ridge Road, Montvale
March, 2016
Branch, 1412 Route 130, Robbinsville
July, 2017
Branch, 280 Passaic Ave, Fairfield
February, 2018
Branch, 789 Farnsworth Ave, Bordentown
We would wish to share with you the financial highlights of First Commerce Bank.
Deposits
Loans
Capital
Assets
Date
$ In Millions
$ In Millions
$ In Millions
$ In Millions
December 31, 2010
$55.7
$54.7
$21.6
$77.6
December 31, 2011
$131.4
$112.8
$21.9
$154.6
December 31, 2012
$191.7
$191.7
$27.6
$226.0
December 31, 2013
$287.4
$285.0
$41.6
$342.0
December 31, 2014
$448.1
$453.3
$46.5
$510.9
December 31, 2015
$588.5
$610.9
$57.4
$669.2
December 31, 2016
$746.3
$782.3
$103.8
$867.4
December 31, 2017
$857.3
$898.4
$118.0
$1,015.4
December 31, 2018
$823.9
$753.4
$131.7
$962.3
December 31, 2019
$847.0
$778.1
$142.9
$1,007.5
Recently, the Bank has received certain performance recognition in the banking community.
The Bank was the fastest growing bank, headquartered in New Jersey, for 2013, 2014 and 2015 with growth being measured organically and on a relative basis.
Financial Management Consulting Group (FMCG) in 2015 ranked our Bank as number 4 in overall financial performance for banks headquartered in New Jersey.
FMCG ranked our Bank as number 1 in overall financial performance for banks headquartered in New Jersey as of March 31, 2016.
SNL, in Charlottesville, Virginia, ranked First Commerce Bank number 13 in the country in overall financial performance in 2014 for banks in asset size between $500.0 million and $5.0 billion.
SNL, in Charlottesville, Virginia, ranked First Commerce Bank number 27 in the country in overall financial performance in 2015 for banks with less than $1.0 billion in assets.
First Commerce Bank prides itself on being efficient, responsive, and relationship driven. The mission is to build the right family of talented staff members in order to achieve the desired results. First Commerce Bank is not about earnings, which is a short-term objective, as its mission is to build franchise value.
For more than 180 years, Provident Bank has served individuals, families, and businesses in our local communities with personal and business banking services. We’re proud of that. And we’re proud of this: we’re still your bank—right here, right now. What your parents wanted? We had it. What you need? We’ve got it. What your kids will face? We’ll solve it. You are our commitment. That’s why we strive to deliver a mix of innovative services, social impact, and real connection to simplify your life and power your dreams—always with commitment you can count on
Upcoming Events
Mar 18 2020
MCA MEGANET MARCH 2020
Join our Multi-Chamber event: after-hours’ Networking mixer Please join the Teaneck Chamber, Gold Coast Regional Chamber of…
Mar 20 2020
After-Hour Networking Event – MegaNet 2019
After-Hour Networking Event – MegaNet 2019 Date/Time Date(s) – Wed, Nov 13, 2019 5:30 pm…
Mar 29 2020
VIP HOUR – CAD19
Come meet FDU’s Men’s Basketball Coach Greg Herenda and Broadway’s Jeffrey Keller at this year’s…