Hopewell Valley Community Bank (HWDY), 4 Route 31 South, Box 999, Pennington 08534; 609-466-2900; fax, 609-730-9144. James Hyman, president and CEO. www.hvcbonline.com.
Will the little banks take over the land? Maybe not, but at least they are providing some much needed relief from the disastrous news coming day after day from their much larger counterparts.
On January 23, Hopewell Valley Community Bank announced that 2008 net earnings jumped nearly 54 percent. In the announcement, the bank also declared a 10 percent stock dividend and a $.04 per share semi-annual cash dividend. Paying the cash dividend on the increased number of shares has the effect of a 10 percent increase over the 2008 dividend. Both dividends will be payable on March 6 to shareholders of record on February 17.
Net income for 2008 “advanced briskly,” the bank said in announcing its results, ending the year at $602,739 or $.26 per share, up 53.8 percent from the 2007 full year total of $391,862 or $.17 per share.
Patrick L Ryan, HVCB’s chairman, commented that, “everyone in the HVCBank family is delighted that we were able to increase earnings in 2008 despite the difficult financial conditions, and that we are able to reward our very loyal shareholders with a 10 percent cash dividend increase as well as a 10 percent stock dividend. As we enter out 10th year of operation, we will continue to do everything possible to meet the challenges of the national economic situation.”
New in Town
TWG Market Research, 116 Village Boulevard, Suite 210, Princeton 08540; 609-720-9500; fax, 609-720-9501. Eileen A. Kelly, VP market research.
A Chicago-based medical market research firm, the Willow Group, has opened an office in Princeton.
Founded in 1994 TWG provides market research and communications services for the medical industry, ranging from anesthesiology to oncology. The firm often uses qualitative research surveys to guide clients through complex medical issues. It offers communications services between clients and does basic market research.
Faithful + Gould (ATK.L), 200 Princeton South Corporate Center, Suite 260, Ewing; 609-514-0900; fax, 609-514-9888. Paul Wood, CEO. Home page: www.fgould.com.
The construction management firm of Faithful+Gould has moved its operations from 100 Canal Pointe Boulevard to the 740,000-square-foot PrincetonSouth Corporate Center in Ewing.
The company has signed a lease at 200 PrincetonSouth, a 153,600-square-foot office building that includes a conference center, cafe, and fitness center, according to property managers Opus East. Faithful+Gould will be joining Valuation Research Corporation, Mercer Oak Realty, and Berkley Life Science, among other firms.
The site is expected to add $2 million to the township tax base and create nearly 3,500 jobs, according to a statement by Opus East, the Maryland-based developer of the center.
According to Faithful & Gould, its lease on Canal Pointe Boulevard expired at year’s end, and the opening at PrincetonSouth affords the firm a chance to move to a more efficient space. The company employs 50 and will not be adding or subtracting any jobs in relation to the move, according to spokesman Dan Shovlin.
The firm chose PrincetonSouth, at least in part, for its sustainable design features including low-emission glass windows, on-site lockers and showers, a high-efficiency HVAC system, and environmentally sensitive interiors.
Faithful & Gould was established in 1947 and has grown into a multinational firm. It has more than 20 offices in the United States and Puerto Rico, plus several locations in Europe and Asia.
Cody Eckert & Associates Architects PA, 206 Rockingham Row, Princeton 08540; 609-716-8500; fax, 609-716-8686. Cody A. Eckert, principal. Home page: www.ceaarchitects.com.
Architect Cody Eckert appears to have vacated her offices on Rockingham Row and has left no forwarding address. The offices have been unoccupied for several weeks and the phone and fax numbers no longer connect. E-mails also have gone unanswered.
Eckert designed the campus center and administration building at NJIT in Newark, completed in 2005, and the interior architecture of the executive space at Trenton’s Sovereign Bank Arena, among other projects.
Relycom Inc. Software Consulting, 666 Plainsboro Road, Suite 1171, Plainsboro 08536. Sai Varanasi, vice president. Home page: www.relycom.com.
IT Consultant and staffing firm Relycom, which operated offices in Plainsboro and Nashua, New Hampshire, has left its offices on Plainsboro Road. No one answers any of the extensions the company’s New Hampshire number belongs to a different business.
New Jersey Hospital Association (NJHA), 760 Alexander Road, Box 1, Princeton 08543-0001; 609-275-4000; fax, 609-452-8097. Elizabeth Ryan, president & CEO. www.njha.com.
John T. Gribbin, president and CEO of CentraState Healthcare System in Freehold, has been named chairman of the board of the New Jersey Hospital Association (NJHA), a 107-member advocacy organization.
Rajendra Prasad Gupta, of Princeton, is among the new board members named to serve with Gribbin.
BioNJ Inc., 1 AAA Drive, Suite 102, Trenton 08691; 609-890-3185; fax, 609-581-8244. Debbie Hart, president. Home page: www.biotechnj.org.
BioNJ, New Jersey’s trade association for bioscience companies, named new officers and elected five new members on January 22. Geert Cauwenbergh, CEO of RHEI Pharmaceuticals, was named chairman; Lisa N. Drakeman, CEO of Genmab, was named vice chairman; Anthony Marucci, CEO of Celldex Therapeutics was elected treasurer; and Sol J. Barer, CEO of Celgene Corporation, was elected secretary.
Among those elected to their first terms as members-at-large were: Roger Berlin, CEO of Arno Therapeutics, Inc.; John Johnson, CEO of ImClone Systems; and Christopher J. Schaber, CEO of DOR BioPharma.
CDSA-Content Delivery & Storage Association, 182 Nassau Street, Suite 204, Princeton 08542-7005; 609-279-1700; fax, 609-279-1999. Charles Van Horn, president. www.contentdeliveryandstorage.com.
The International Recording Media Association has changed its name to CDSA.
Novo Nordisk Inc. (NVO), 100 College Road West, Princeton 08540-6213; 609-987-5800; fax, 609-919-7801. Jerzy Gruhn, president. : www.novonordisk-us.com.
Novo Nordisk and VLST Corporation, a Seattle-based biotechnology company focused on the development of therapeutics for autoimmune and inflammatory disorders, have entered into an exclusive, worldwide collaboration agreement to develop therapeutic targets in the fields of autoimmune and inflammatory disorders.
Roy K. Larini, 82, on January 22. The service station on Alexander Road in Princeton is among many businesses he owned.
David Stuart Dodge, 86, on January 20. The former head of American University of Beirut, an institution founded by his great-grandfather, Dodge was kidnapped by extremists during Lebanon’s civil war in 1982. After he was freed, Dodge moved to Princeton and worked briefly as recording secretary of Princeton University. A memorial service will be Saturday, January 31, at the Princeton University Chapel.
Alan Grayson, 78, on December 29. A musician who worked with Bob Dylan and Dave Brubeck, he was also involved in Princeton area writers’ groups.