During the corresponding time, Cape Bancorp, Inc. recorded a revenue increase by 49.35 % year on year, sequentially revenue grew by 4.82 %. While revenue at the Cape Bancorp, Inc.'s corporate clients
Cape Bancorp's Comment on Sales, Marketing and Customers
Our primary market area consists of Atlantic, Cape May, Cumberland and Gloucester
counties in New Jersey which includes communities along the barrier islands of
the southern New Jersey shore and the mainland areas. While the economies along
the New Jersey shore are more seasonal in nature, the mainland areas are comprised
of year-round communities. The economy of our market area is impacted by the gaming
industry, a variety of service businesses, vacation-related businesses concentrated
along the coastal areas and, to a lesser degree, commercial fishing. In addition,
nearby Atlantic City is a major tourist destination, centered around its large
gaming industry, and is an important regional economic hub.
Sources:
Cape Bancorp, Inc.’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Cape Bancorp, Inc.’s corporate clients.
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