- CEO
- Christian Eric Gaupp
- Full Time Employees
- 38
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 106 New Jersey Avenue Absecon NJ United States of America 08201
- IPO Date
- Mar 5, 1996
- Business
- Absecon Bancorp operates as the bank holding company for The First National Bank of Absecon, a community bank that provides a full range of deposit and loan products and other financial services to individual and corporate customers primarily in southern New Jersey. The bank offers deposit products including checking accounts, NOW accounts, money market accounts, savings accounts, certificates of deposit, individual retirement accounts, and credit card merchant accounts; consumer loans such as secured and unsecured personal loans, new and used vehicle loans, fixed-rate home equity loans, and home equity lines of credit; mortgages encompassing fixed-rate mortgages, construction mortgages, programs for investment properties and second homes, and land purchase loans; commercial loans including commercial mortgages, business lines of credit, accounts receivable and inventory financing, letters of credit, equipment financing, and demand loans; and additional services such as credit card merchant processing, wire transfers, direct deposits, night deposits, telephone and internet banking, mobile banking, eStatements, electronic bill pay, imaged checks, and personal overdraft protection. Founded in 1916 and headquartered at 106 New Jersey Avenue in Absecon, New Jersey, the bank maintains branch offices in Absecon, Galloway Township, and Northfield within Atlantic County, with secondary market areas in portions of Burlington, Cape May, Cumberland, Gloucester, and Ocean Counties. In recent developments, Absecon Bancorp declared a third-quarter cash dividend of $0.90 per share, following annual cash dividends of $3.00 per share in 2023 and $2.20 per share in 2022, reflecting ongoing commitment to shareholder returns amid stable community banking operations.