Investors Bancorp, Inc. and American Bancorp of New Jersey, Inc. have received all necessary regulatory approvals to proceed with the acquisition of American Bancorp by Investors Bancorp.
American Bancorp also announced that all proxy materials for its annual meeting of shareholders to be held on May 19, 2009 were mailed to American Bancorp shareholders on or about April 13, 2009. Matters to be addressed by shareholders at that meeting include the acquisition of American Bancorp of New Jersey, Inc. by Investors Bancorp, Inc. The shareholder record date for the annual meeting is March 31, 2009.
American Bancorp has separately mailed to its stockholders the election materials relating to its acquisition by Investors Bancorp. Shareholders can complete and return these materials as instructed to elect their preferred form and allocation of merger consideration – between cash, Investors Bancorp, Inc. stock, or a combination thereof – which will be exchanged for their American Bancorp common stock. American Bancorp stockholders have until May 18, 2009 to return their election materials. All cash and stock elections are subject to the allocation and pro-ration procedures as described in the Proxy Statement/Prospectus dated April 10, 2009.
D.C.