Two River Bancorp’s chairman resigns; replacement named

Two River Bancorp, the parent company of Tinton Falls-based Two River Community Bank, announced that Frank J. Patock Jr., chairman of the company’s board of directors, has resigned.

Patock, who has served as chairman since 2011, will remain on the board of directors for both companies.

The company also announced William D. Moss, current CEO and president, has been named chairman of the board; co-Vice Chairmen John J. Perry Jr. and James M. Bollerman have been named co-lead independent directors.

“On behalf of the entire board, we want to express our gratitude to Jay Patock for his service to the Company and the Bank. With passion, wisdom and dedication, Jay led by example as chairman of the board. The board is also pleased that Mr. Moss has agreed to become the new chairman.  We believe he is most knowledgeable about the Company’s business and corporate strategy and is in the best position to lead the board of directors. The board has also established the independent lead director position in order to assure effective independent oversight, and we are excited to be able to jointly fill that role,” Perri and Bollerman said in a joint statement.