Info

Item 1. Description of Business.GeneralThe Company is a federally-chartered corporation that was organized in June2003 for the purpose of being a holding company for American Savings Bank of NJ(the "Bank"), a federally-chartered stock savings bank. On October 3, 2003, theCompany completed a minority stock offering in which it sold 1,666,350 shares,or 30% of its outstanding common stock. The remaining majority of the 5,554,500outstanding shares of the Company are owned by Ame...