August 26, 2009 (FinancialWire) — Community Partners Bancorp’s (NASDAQ: CPBC) (Current Market Cap: $27.84 Mil.) board has approved a 3% stock dividend. The dividend will be payable on October 23 to shareholders of record as of September 25.

The dividend will increase the company’s shares outstanding by around 208,795.

Middletown, New Jersey-based Community Partners Bancorp is the holding company for Two River Community Bank, which operates eleven branches throughout Monmouth County, New Jersey.

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