Exhibit 99 Press Release
South Jersey Financial Corporation, Inc.
FOR IMMEDIATE RELEASE
Thursday July 27, 2000
For further information contact:
Gregory M. DiPaolo
Executive Vice President, Treasurer
and Chief Operating Officer
(856) 629-6000
SOUTH JERSEY FINANCIAL CORPORATION, INC.
SHAREHOLDERS APPROVE MERGER WITH RICHMOND COUNTY
Turnersville, New Jersey, July 27, 2000 -- South Jersey Financial Corporation,
Inc. (the "Company") (NASDAQ: SJFC), the holding company for South Jersey
Savings and Loan Association, announced today that its shareholders, at the
Annual Meeting of Shareholders held yesterday, have approved the Agreement and
Plan of Merger, dated as of March 15, 2000, by and among Richmond County
Financial Corp. ("Richmond County"), Richmond County Acquisition, Inc., a wholly
owned subsidiary of Richmond County, and the Company, pursuant to which, among
other things, the Company will be acquired by Richmond County. There are no
further approvals required to consummate the merger, which is expected to be
completed early next week.
The Company is the holding company for South Jersey Savings and Loan
Association, a New Jersey chartered savings and loan association with three
offices located in Gloucester and Camden counties in southern New Jersey.
