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June 5, 2013

Washington Street Shuffle – Hoboken’s Haven Savings Bank to Merge with Hilltop Community Bank

Filed under: Hoboken,Hoboken Businesses — Tags: , , , , — TheBoken @ 2:55 PM

Maxwell’s may indeed be closing its doors in July in Hoboken but it appears there is some merger and acquisition activity on the upswing as well in Hoboken.  Recently it was announced that Clearview Cinemas is being acquired by Bow Tie Cinemas and now Hoboken’s Haven Savings Bank at 621 Washington Street is being merged with Hilltop Community Bank based in Summit, NJ. Will the M&A activity continue in Hoboken?

Haven Savings Bank Hoboken

Haven Bancorp, Inc., the parent company of Haven Savings Bank, and Hilltop Community Bancorp, Inc. (OTCQB: HTBC), the parent company of Hilltop Community Bank, jointly announced the execution of an agreement and plan of merger (the “Merger Agreement”) that provides for the acquisition of Hilltop Community Bancorp, Inc. by Haven Bancorp, Inc. for $9.42 per common share in cash, or approximately $26.9 million.

The merger is anticipated to close in the fourth quarter of 2013, and will increase Haven Bancorp’s total assets by more than $160 million, resulting in total assets immediately after closing of approximately $840 million.  The acquisition will add three full service branches to Haven Savings’ existing six-branch network.  Pursuant to the Merger Agreement, Haven Bancorp, Inc. and Haven Savings Bank will add Mortimer O’Shea, Hilltop Community Bancorp’s President and Chief Executive Officer, to their boards of directors. Below is the full press release.

HAVEN BANCORP, INC. AND HILLTOP COMMUNITY BANCORP, INC.

ANNOUNCE EXECUTION OF MERGER AGREEMENT

Haven Bancorp, Inc, the parent company of Haven Savings Bank, and Hilltop Community Bancorp, Inc. (OTCQB: HTBC), the parent company of Hilltop Community Bank, jointly announced the execution of an agreement and plan of merger (the “Merger Agreement”) that provides for the acquisition of Hilltop Community Bancorp, Inc. by Haven Bancorp, Inc. for $9.42 per common share in cash, or approximately $26.9 million.

Pursuant to the terms of the Merger Agreement, Hilltop Community Bancorp, Inc. will be merged with and into Haven Bancorp, Inc., with Haven Bancorp, Inc. surviving the merger (the “Merger”).  Immediately after the Merger, Hilltop Community Bank will merge with and into Haven Savings Bank, with Haven Savings Bank surviving.

The merger is anticipated to close in the fourth quarter of 2013, and will increase Haven Bancorp’s total assets by more than $160 million, resulting in total assets immediately after closing of approximately $840 million.  The acquisition will add three full service branches to Haven Savings’ existing six-branch network.  Pursuant to the Merger Agreement, Haven Bancorp, Inc. and Haven Savings Bank will add Mortimer O’Shea, Hilltop Community Bancorp’s President and Chief Executive Officer, to their boards of directors.

John H. Wessling III, President and Chief Executive Officer of Haven Bancorp, Inc., said, “We are extremely pleased to announce that Hilltop Community Bank, an organization committed to building business relationships, will become part of Haven Savings Bank. The excellent track record of Hilltop Community Bank in commercial lending through a difficult credit cycle and developing a solid core deposit base demonstrates the quality of the people at their organization.  We look forward to working with them and their clients for many years to come.”

Mr. Wessling continued, “With this acquisition, Haven will move into three very strong local markets – Summit, Berkeley Heights and Madison, be able to provide a wider range of lending and deposit services, attain greater scale and efficiencies, diversify its balance sheet and increase earnings.”

Mortimer O’Shea, stated, “We set out in 2000 to build a bank that was close to the business community and we succeeded in doing that.  As a new member of Haven’s board, I will seek to maintain the relationships we built over these thirteen years.”  Richard Wellbrock, Chairman of Hilltop Community Bancorp, Inc. added “We have always been proud of being a locally-based community bank and by partnering with Haven, we will continue that tradition.”

The Merger Agreement is subject to customary closing conditions, including approval by Hilltop Community Bancorp stockholders and applicable banking regulatory authorities.

Ambassador Financial Group, Inc., acted as financial adviser to Haven Bancorp, Inc. and Luse Gorman Pomerenk & Schick, P.C. acted as its legal counsel. Griffin Financial Group, LLC acted as financial adviser to Hilltop Community Bancorp, Inc. and Windels Marx Lane & Mittendorf, LLP acted as its legal counsel.

Haven Bancorp, Inc. is the parent company of Haven Savings Bank a state-chartered savings bank which has been in business since 1938. Haven’s primary business is residential lending. Haven’s main office is located in Hoboken with branches in Secaucus, Westwood, Montclair, Livingston and Westfield.

Hilltop Community Bancorp, Inc. is the parent holding company for Hilltop Community Bank. Hilltop Community Bank is a New Jersey state-chartered commercial bank which commenced operations in February 2000. Hilltop Community Bank operates as a locally headquartered community bank engaged in commercial banking. Hilltop Community Bank has offices in Summit, Berkeley Heights and Madison, and administrative offices in New Providence. Its service area includes surrounding communities in Union, Essex, Morris and Somerset Counties.

Note: Statements in this release that are not strictly historical are “forward-looking statements” and are based upon current expectations that may differ materially from actual results.  These forward-looking statements, identified by words such as “will,” “expected,” “believe,” and “prospects,” involve risks and uncertainties that could cause actual results to differ materially from those anticipated by the statements made herein.  These risks and uncertainties involve general economic trends, our ability to complete the proposed acquisition, and changes in interest rates, increased competition, changes in consumer demand for financial services, the possibility of unforeseen events affecting the industry generally, and market disruptions.  Haven Bancorp, Inc. and Haven Bank undertake no obligation to release revisions to these forward-looking statements publicly to reflect events or circumstances after the date hereof or to reflect the occurrence of unforeseen events.

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November 16, 2012

Anastasia’s Accessories in Hoboken Going Out of Business Sale – 30% off

Anastasia’s Accessories, established in 1989 in Hoboken, N.J is unfortunately going out of business. Hurricane Sandy apparently packed too big of a punch for this Hoboken business that lasted 24 years.Here is their note below…

“We are sad to announce that Anastasia’s Accessories sustained significant damage from Hurricane Sandy.
While we managed to save most of our merchandise, our losses were great. Our front door, some inventory, our counter, cabinets, flooring, supplies, furniture, and fixtures were all destroyed or damaged.

Having only rebuilt a year ago from flooding as a result of Hurricane Irene, this time we have decided not to rebuild.

We have had the extreme pleasure of helping you and your friends and family shop for many beautiful items over 24 years and we are offering you one last chance to do so. We are open for business for just a few weeks to liquidate our inventory and display items. Please visit the store, make your final purchases, talk over old times and help us to celebrate 24 amazing years!”

Below is the going out of business sales flier….

Anastasia’s Accessories

Address: 88 Garden Street Hoboken, NJ 07030

Phone: 201-792-7330

 

 

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June 29, 2012

Kolo Klub of Hoboken Grand Opening Party Recap and Information

Chef Anthony Pino

Last night the founding partners of the Kolo Klub, Hoboken’s latest catering hall, had an invite only Grand Opening party for friends and the members of the press. Attendees from the press and local media included Hoboken Patch, Hoboken Girl, Eat Drink New Jersey, and TheBoken.com with no presence from the self-proclaimed “most complete website about Hoboken”. Perhaps the cyber recluse webmaster wasn’t invited. I know for sure he wasn’t missed.

Complimentary drink and appetizers were provided and members of the new Kolo Klub organization git up and said a few words about the venture including Chef Anthony Pino pictured above. The event went from 6-12pm and those in attendance had a nice time. There was a magician who did some very neat tricks including bending a quarter just by concentrating. He had a variety of impressive tricks so don’t be surprised to see a magic show at this venue at some point.

A very capable and talented jazz band also provided some swank background ambiance. From this editor’s eye the place looks great and has an older European era feel about it. I place the mood of the decor  in the 1930′s.

The Kolo Klub is located on the 2nd floor at 1422 Grand Street which is one floor above Hoboken’s popular beer garden Pilsenser Haus and Biergarten. Below are some photos from last night’s grand opening and more information about the new catering hall.

Chef Anthony Pino & AD Catering|Events Partner with
Pilsener Haus to Launch Kolo Klub, a Stellar Catered Event Space in Hoboken

Acclaimed chef and restaurateur Anthony Pino and Pilsener Haus & Biergarten owners Andrej Ivanov and Ladislav Sebestyan are thrilled to announce a new partnership between AD Catering|Events and Pilsener Haus, the Kolo Klub.  New Jersey’s newest event space,  Kolo Klub will be available for bookings beginning July2012, and is located on the second floor of 1422 Grand Street in Hoboken (and online at www.koloklub.com).

Chef Pino, his spouse and business partner Liz Pino, and the team at AD Catering|Events, headed by Director of Operations Vince Crysler, are unique amongst caterers in that they help individuals and companies plan every conceivable detail of their events especially weddings from start to finish: not just menu development,but staff and service, linens, table top and rentals. Every event is distinguished by culinary excellence, and is executed with operational brilliance—from intimate gatherings to a large gala.

The Kolo Klub partnership is special because it brings an exclusive culinary and guest services provider, the Chef and team renowned for Hoboken’s Bin 14 and The Dining Room, to one breath taking loft space. Located on the2nd floor of the turn of the century building that now houses the enormously popular Biergarten, this artfully renovated 4,000 square foot loft will be available beginning July for private catered events of 25 to almost 200 guests. Jennifer Lampert of Pilsener Haus will be the in house events coordinator.

Guests will access the foyer of Kolo Klub via a private elevator, and enter the airy, expansive dining and eventshall,with it hand made vaulted wood ceiling and rows of windows on its north and east sides with a view of the Empire State  Building. The spacious bar is backed by handcrafted green,white and gold tile.  Period lighting and architectural details like portable subdividing screens have been incorporated into a subtle and flexible design by Jirka Kolar Interiors,the same team that brought period authenticity to life at Pilsener Haus.  The Kolar and Pilsener Haus team jointly created Kolo Klub’s namesake logo; the kolo their native Czech word for bicycle and its whimsical rider evoke a playful sense of fun and creativity that will inspire events held in the space. There will also be a plush 30 seat private screening room available for guests.

Andy Ivanov, a founder of Brooklyn’s Radegast Hall, and part of the team that created Pilsener Haus and conceived Kolo Klub, states,“We  couldn’t think of a better partner to create events in this space.The acclaim Chef  Pino and his AD team have received, not to mention the reputation that their Hoboken restaurants enjoy,will make Kolo Klub a culinary and celebratory destination.”“Now we have a home,” says Chef Pino.“We intend to make Kolo Klub a place for unforgettable gatherings. To have a space-like this as a base of operations is inspiring, and we look forward to out doing ourselves with each event.”

Kolo Klub Event Types

At KoloKlub, AD Catering|Events is equipped to handle events of all types, for individuals, small companies or large organizations. From an intimate gathering of 25 friends to a celebration of up to 200.

Some examples of the types of events they will help to create:

PrivateEvents

  • Weddings and Engagement Parties
  • Dinner Parties/Chef’s Tastings
  • Religious Occasions (Bar/Bat Mitzvah,Confirmation,Communion,Christening)
  • Bridalor Baby Showers
  • Graduations
  • Themed Events (Sports,Costume,International,Cultural)

Small to Midsize Business

  • Cocktail Parties
  • Holiday Parties
  • Board Meetings

Corporate/Large Business

  • Sales Meetings
  • Business Meetings and Conferences
  • Breakout Sessions
  • Offsite Training
  • Client Entertainment
  • TV/Film Shoots

Fundraisers

  • Charity/Philanthropy
  • Political
  • University/Educational/Alumni
  • Community

Kolo Klub also has a 30 seat screening room available for a variety of events.

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June 12, 2012

Kolo Klub of Hoboken Sneak Preview Photos

Kolo Klub Hoboken Preview 2 HDR

TheBoken.com got a sneak preview of an exciting business opening up above the Pilsenser Haus in Hoboken soon called the Kolo Klub last week . It is a banquet and performance hall by the same owners of the well received and run Pilsener Haus. The decor is reminiscent of a time at least 100 years ago. The space is divided into tow areas a main hall which seats close to 200 patrons and a smaller party room that seats 25-30.

The place is still not completed but is anticipated to open soon. Chef Anthony Pino will be responsible for catering the food and private events like weddings corporate parties are expected in addition to musical acts as well as acts as diverse as a possible magic show. The owners of the Pilsener Haus are batting 1.000 so far with pre-opening buzz. If the success of the Pilsener Haus to date is any indication I think we have another home run on our hands in Hoboken. The details of this new hall are really well conceived and executed and a rent-able space for special events is something that Hoboken can use more of.

Kolo Klub

Address: 1422 Grand Street Hoboken, NJ 07030
Phone: 201.683.5465
Email: events@koloklub.com
Website: http://www.koloklub.com/

Kolo Klub Hoboken Preview 1 HDR

Kolo Klub Hoboken Preview 4 HDR

Kolo Klub Hoboken Preview 3 HDR

Kolok Klub Hoboken Sneak Preview

Kolo Klub Hoboken Preview

Kolo Klub Hoboken Preview

Kolo Klub Hoboken Preview

Kolo Klub Hoboken Preview

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April 19, 2012

Spring Cleaning at Maxwell’s 9.13.34 Boutique in Hoboken

Owner Deb Maxwell sent this message about spring cleaning at Maxwell’s 9.13.34 boutique in Hoboken…..

Dear Friends,

The sun is out, the flowers in blossom and it is the time of year to brighten your personal sanctuary!

Top Right: The Laundress Wash and Stain Bar ($6.00)

This was introduced to clean those hard to reach areas from tricky underarms to delicate straps, collars and cuffs, pants hems and more. We love using this product for removing stains on upholstery, hand washing and laundering on-the-go. Great for travel as it is airplane friendly and  is perfect for “hotel sink” laundry. Pack less! Shop more! They’re not just for washing…place in a drawer, closet and luggage for added freshness.

Non toxic, biodegradable and allergen free.

Available in store and online at http://www.maxwells91334.com/ go to APOTHECARY, AROMATHERAPY, MATCHBOXES & LAUNDRY / then to LAUNDRY.

Bottom Left:  The Laundress Wool and Cashmere Shampoo ($19.00)

No more dry cleaning bills! Save your sweaters and your wallet!

We are fanatics about the proper care of our beloved woolens and cashmere. THE LAUNDRESS Wool and Cashmere Shampoo by combining cedar extracts and sulfate-free shampoo to clean and preserve the natural components of the yarns. This product can be used for both hand and machine washing. THE LAUNDRESS Cedar scent is perfect for both everyday washing and added care for seasonal storage. We use it as an alternative to delicate detergent … not only for wool and cashmere. Non toxic, biodegradable and  allergen free.

Available in store and online at http://www.maxwells91334.com/ go to APOTHECARY, AROMATHERAPY, MATCHBOXES & LAUNDRY / then to LAUNDRY.

Bottom Right:  The Laundress Glass & Mirror Cleaner ($12.00) Wash those windows & let the sun shine in!

Tired of having window and glass cleaners that left surfaces dirtier than before? The Laundress Glass & Mirror Cleaner gives mirrors, windows and other glass surfaces a streak-free shine, leaving no filmy residue behind. Spray down those chandeliers as well for sparkling fixtures! This product is unscented for better performance. Non toxic, biodegradable and allergen free.

Available in store and online at http://www.maxwells91334.com// go to APOTHECARY, AROMATHERAPY, MATCHBOXES & LAUNDRY / then to LAUNDRY.

Don’t feel like cleaning this weekend? We’re right there with you! The red doors will be open this weekend on Saturday and Sunday from 12 noon to 7 pm. Stock up on the products and  leave it for a rainy day.

Fondly,

Deb Maxwell

Maxwell’s 9.13.34
508 Court Street – “The Red Doors”
Hoboken, NJ 07030
Saturday and Sunday 12 noon to 7 pm
Website to shop 24/7:  http://www.maxwells91334.com

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April 6, 2012

Frites Fried- Pommes Frites goes out of business in Hoboken

Pommes Frites Hoboken Out of Business

Pomme Frites located at 207 Washington Street in Hoboken has closed for business. The Belgian fry place has pulled out of town and the rental signs are now up at the location. They had recently tried items such as hot dogs and fried Oreos but perhaps the foot traffic in Hoboken was not enough for this business model. Maybe a bustling area in NYC a place like this would fare much better. Share your thoughts in the comments below as to why you think this place couldn’t cut the mustard or pass the ketchup.

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February 21, 2012

Cugini Kitchen Hoboken Undergoing Renovations

Cugini Kitchen HobokenCugini Kitchen located at 918 Washington Street has undergone some renovations recently. The interior now has a nice new fresh look.Cugini Kitchen is where Joe’s Meats used to be until Joe the Butcher sold the business. Their phone number is 201-656-8085.

They have a note on the storefront that says:

“Please Pardon Our Appearance

We are in the process of creating a wonderful space as well as improving our menu to bring you  a place of comfort that is inviting to everyone.  We encourage any and all suggestions please email them to mariahojnowski@yahoo.com. “

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January 21, 2012

Planet Fitness of Hoboken is Delayed a Bit More Due to Construction Issues

Planet-Fitness-Hoboken

There is now scaffolding around new fitness center Planet Fitness in Hoboken located between 6th and 7th Street on Washington Street although this older photo does not indicate it. It looks like the modifications to get final inspection have taken longer than management expected as indicated in the customer letter shown below. Their new tentative target date is now no later than February 7th according to their Regional Manager Mark Sajdak. The good news is that they will not bill until March 17th. This is a good way for a business to show customers that they are trying to make good on the delay. They will not be able to open until they get the CO (Certificate of Occupancy) and final inspections. Below is the letter to customers which reads very apologetic…

Dear [Customer],

Due to town requirements, Planet Fitness Hoboken’s opening will be delayed longer than expected.  While we do not yet have a definitive date, we can assure you that we will be open no later than February 7th.

Any members billed for January will receive a refund.  In addition,we will be postponing everyone’s first billing until Mar. 17, 2012, though again, we will be fully operational by Feb. 7.  The free time is our thank you for your understanding.  You may continue to use any of our open facilities, without charge, and we will notify you via email as soon as we’re open.

We would like you to know that we’ve never missed a targeted opening date before, and that this is not how we conduct our business.  We had every intention of opening the club on time as promised, right up to the last minute, and deeply regret failing to do so.  We take our members trust in us very seriously and work hard to keep it.  We think you’ll see that when we open our doors.  Thank you again for your patience.

Sincerely,

Mark Sajdak

Regional Manager, PFNY

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January 20, 2012

Office Depot Celebrating Grand Opening with “Cake Boss” Buddy Valastro January 21st

Buddy Valastro is rapidly becoming Hoboken’s business ambassador with his help in formally kicking off Office Depot’s Grand Opening Tomorrow at 59 Washington Street.

Office Depot to Celebrate Grand Opening of Store 

With Celebrity Buddy Valastro January 21st at 10am

Customers Can Have Their Cake and Eat it too with a Special Appearance

and Autograph Session Featuring Buddy Valastro, Owner of the Famous Carlo’s Bakery

What:  Office Depot is celebrating the grand opening of its new store in Hoboken with Buddy Valastro, celebrity baker and owner of the famed Carlo’s Bakery.  Customers can meet Buddy, receive an autograph (first 100 attendees) and enjoy a slice of a larger-than-life Office Depot-themed cake.

Local Hoboken dignitaries are scheduled to participate in the ribbon-cutting ceremony with Office Depot executives. Also, the Make-a-Wish Foundation (New Jersey Chapter) will be recognized with a $1,000 donation from the Office Depot Foundation.The Office Depot store in Hoboken is the first store in the Northeast to debut a new ultra-convenient format, which is being rolled out in select markets across the country.

Where:  Office Depot retail store: 59 Washington Street, Hoboken, New Jersey

When:  Saturday, January 21 from 10 a.m. – 1 p.m.

  • Ribbon-cutting ceremony: 10 a.m.
  • Autograph/photo session and cake sampling: 11:30 a.m. – 1 p.m.
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June 1, 2011

Innovative Hoboken Mom Starts Business: Bover Bags

Filed under: Hoboken,Hoboken Businesses — Tags: , , , , — TheBoken @ 11:00 AM

Bover Bag 2Erica Reilly is a  Hoboken mom who recently created a line of pack n’ play travel bags called Bovers. They are hands-free bags for portable cribs with adjustable shoulder straps, stylish quilted fabric, and dual sheet and rod pockets.

She named them “Bover” after her son Bowe depicted with her in the photo below. The other influence behind the name was the concept of the  “throw over your shoulder” thing. This product was designed by a young mom for other moms, they’re machine washable, fully lined and can be monogrammed. Can you say “Boveriffic”! Yes. TheBoken just made up a word but Erica made a whole new product from a great idea.

Erica’s Bover Bag website is: www.boverbags.com

Facebook: http://www.facebook.com/#!/pages/Bover-Bags/171001572918062
Twitter: http://twitter.com/#!/boverbags

The bags are also for sale at Hoboken baby boutique Bellie and Katrina 159 4th Street Hoboken NJ, 07030. Their number is (201) 239-0062 and website is bellieandkatrina.com.

To buy online go to ecommerce site Etsy: etsy.com/shop/boverbags.

TheBoken celebrates such innovation and wishes Erica well as she tries to grow her business from Hoboken.

Bover Bags Founder

Here is a customer testimonial from Farrah in South Carolina:

I travel quite a bit with my children, and need all of the help that I can get lugging my two pack and plays, bags, stroller, etc.. (as well as the kids themselves!) from the car to the hotel or house. Most of the time I have my husband help me, but when he isn’t there- it’s up to me to get all of our stuff from place to place. The Bover Bag is an awesome product that looks as pretty as it is functional. I can put a pack and play (as well as some other necessities) into the bag and because of the sturdy strap, I can carry it to free up my hands. There really isn’t anything else like it on the market as pack and plays are an odd shape and don’t have a bag that can fit them like the Bover Bag.

Bover Bag #3

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