HAMMONTON BLOG

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Capital Bank considering a branch in downtown Hammonton

Date: 06:39 PM Nov 11, 2009

Admin wrote:

A relative newcomer to the banking industry is considering opening a branch in downtown Hammonton. Capital Bank based in Vineland, NJ made the announcement in the 11/11 edition of the Hammonton News.
Capital Bank was founded in 2007 by a large number of Cumberland County businesses. Now the bank is looking for $4 million from Hammonton investors as part of it's interest in Hammonton.
In a statement made to the Hammonton News:
"We are doing this capital raise not because we need the capital. We are doing it because we want -- and think we need -- to have a critical mass of Hammonton stockholders in order to be successful in Hammonton," said David J. Hanrahan Sr., Capital's president and chief executive officer. "We are not going to expand to Hammonton unless we make that minimum $4 million number."

Can Hammonton support another bank and will Hammonton investors step up to the plate and consider this a worthy venture?

To see more about Capital Bank, visit their website by clicking here.

Capital Bank is fiercely trying to put Sun Nat'l Bank out of business and I believe is trying to get a foothold before NJM Bank opens.

Date: 10:04 AM Nov 13, 2009

Anonymous wrote:

Admin wrote:

A relative newcomer to the banking industry is considering opening a branch in downtown Hammonton. Capital Bank based in Vineland, NJ made the announcement in the 11/11 edition of the Hammonton News.
Capital Bank was founded in 2007 by a large number of Cumberland County businesses. Now the bank is looking for $4 million from Hammonton investors as part of it's interest in Hammonton.
In a statement made to the Hammonton News:
"We are doing this capital raise not because we need the capital. We are doing it because we want -- and think we need -- to have a critical mass of Hammonton stockholders in order to be successful in Hammonton," said David J. Hanrahan Sr., Capital's president and chief executive officer. "We are not going to expand to Hammonton unless we make that minimum $4 million number."

Can Hammonton support another bank and will Hammonton investors step up to the plate and consider this a worthy venture?

To see more about Capital Bank, visit their website by clicking here.

Capital Bank is fiercely trying to put Sun Nat'l Bank out of business and I believe is trying to get a foothold before NJM Bank opens.

Just what we need another bank in Hammonton paying minimum wage.

Date: 12:41 PM Nov 13, 2009

Why I will tell you why!!!!!!!!!! You are drinking the cool-aid and did not vote for the democrats. They had a great ticket!!! You should have read the press on the 3 council candidates the week before the election. They were for high paying JOB and bring business back to Hammonton. But time will tell It is what it is. I vote for the DEMOCRATS AND PROUD OF IT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Date: 07:44 PM Nov 13, 2009

Anonymous wrote:

Anonymous wrote:

Admin wrote:

A relative newcomer to the banking industry is considering opening a branch in downtown Hammonton. Capital Bank based in Vineland, NJ made the announcement in the 11/11 edition of the Hammonton News.
Capital Bank was founded in 2007 by a large number of Cumberland County businesses. Now the bank is looking for $4 million from Hammonton investors as part of it's interest in Hammonton.
In a statement made to the Hammonton News:
"We are doing this capital raise not because we need the capital. We are doing it because we want -- and think we need -- to have a critical mass of Hammonton stockholders in order to be successful in Hammonton," said David J. Hanrahan Sr., Capital's president and chief executive officer. "We are not going to expand to Hammonton unless we make that minimum $4 million number."

Can Hammonton support another bank and will Hammonton investors step up to the plate and consider this a worthy venture?

To see more about Capital Bank, visit their website by clicking here.

Capital Bank is fiercely trying to put Sun Nat'l Bank out of business and I believe is trying to get a foothold before NJM Bank opens.

Just what we need another bank in Hammonton paying minimum wage.

A job is a job. Would anyone who doesn't have one turn down a job because it is minimum wage? Do you have a Master's Degree or are you independently wealthy? Or are you on unemployment waiting for some high paying job to be dropped into your lap? Or are you too special for minimum wage? Do you really think big business is coming to Hammonton? Do you see the cute little stores opening downtown? Tanning, Personal training, sweets and candy, card stores, coffee shops, pizza shops, etc. These are all vanity businesses owned by people who have family money to burn. In other words, if these fluff businesses fail, they will still be able to pay their mortgage(s) and feed their kids. That is what HF is looking to bring to Hammonton. People they know who have available funds.Honestly,, there is no big business opening up anywhere anymore. That ship has sailed.

Date: 08:29 PM Nov 13, 2009

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Admin wrote:

A relative newcomer to the banking industry is considering opening a branch in downtown Hammonton. Capital Bank based in Vineland, NJ made the announcement in the 11/11 edition of the Hammonton News.
Capital Bank was founded in 2007 by a large number of Cumberland County businesses. Now the bank is looking for $4 million from Hammonton investors as part of it's interest in Hammonton.
In a statement made to the Hammonton News:
"We are doing this capital raise not because we need the capital. We are doing it because we want -- and think we need -- to have a critical mass of Hammonton stockholders in order to be successful in Hammonton," said David J. Hanrahan Sr., Capital's president and chief executive officer. "We are not going to expand to Hammonton unless we make that minimum $4 million number."

Can Hammonton support another bank and will Hammonton investors step up to the plate and consider this a worthy venture?

To see more about Capital Bank, visit their website by clicking here.

Capital Bank is fiercely trying to put Sun Nat'l Bank out of business and I believe is trying to get a foothold before NJM Bank opens.

Just what we need another bank in Hammonton paying minimum wage.

A job is a job. Would anyone who doesn't have one turn down a job because it is minimum wage? Do you have a Master's Degree or are you independently wealthy? Or are you on unemployment waiting for some high paying job to be dropped into your lap? Or are you too special for minimum wage? Do you really think big business is coming to Hammonton? Do you see the cute little stores opening downtown? Tanning, Personal training, sweets and candy, card stores, coffee shops, pizza shops, etc. These are all vanity businesses owned by people who have family money to burn. In other words, if these fluff businesses fail, they will still be able to pay their mortgage(s) and feed their kids. That is what HF is looking to bring to Hammonton. People they know who have available funds.Honestly,, there is no big business opening up anywhere anymore. That ship has sailed.

If our town leaders want big businesss to come than it will open up doors for them to come. But when you shut down doors like the last administration has then businesses like Lowes and Home Depot will go elsewhere like they have. It's all about having a Vision for Hammonton not just a Vision for One.

Date: 09:54 PM Nov 15, 2009

Looks like our current mayor is going to be a shareholder at Capital Bank. He went onto say that we don't have any good community banks in Hammonton.

Date: 10:48 PM Nov 16, 2009

Anonymous wrote:

Why I will tell you why!!!!!!!!!! You are drinking the cool-aid and did not vote for the democrats. They had a great ticket!!! You should have read the press on the 3 council candidates the week before the election. They were for high paying JOB and bring business back to Hammonton. But time will tell It is what it is. I vote for the DEMOCRATS AND PROUD OF IT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Well you can comfort yourself in the knowledge you are in a very private club with very few members. Did the Democrats win any elections at all in the last decade?