TINTON FALLS, N.J., Aug. 17, 2018 (GLOBE NEWSWIRE) -- On August 15, 2018, Two River Bancorp (Nasdaq: TRCB), the parent company of Two River Community Bank, filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission. Once declared effective by the SEC, the shelf registration statement will permit the Company, from time to time over the next three years, to issue a combination of securities, in one or more offerings, in an aggregate amount of up to $30.0 million. The purpose of this newly filed registration statement was to replace the availability previously provided by the Company’s shelf registration statement that was declared effective in September 2015 and expires in September 2018 under SEC regulations.

The Company may use the shelf registration statement on an as-needed basis to raise equity capital or debt for general corporate purposes. The Company has no immediate plans to issue or sell securities pursuant to the shelf registration statement, which is intended to provide financial flexibility to access additional capital when and if needed in an expeditious manner when market conditions are appropriate.

About the Company

Two River Bancorp is the holding company for Two River Community Bank, which is headquartered in Tinton Falls, New Jersey. Two River Community Bank operates 14 branches along with two loan production offices throughout Monmouth, Middlesex, Union, and Ocean Counties, New Jersey. More information about Two River Community Bank and Two River Bancorp is available at www.tworiverbank.com.