ASCN Stock, Absecon Bancorp Information

Absecon Bancorp (the "Company" was established in 1997 and through its principal subsidiary, First National Bank of Absecon (the "Bank", provides a wide range of financial products and services to individual and corporate customers in southern New Jersey. The operations of the Company represent the operations of its subsidiary, the Bank, and the Bank's wholly owned subsidiary, Absecon Investment Corp. The First National Bank of Absecon (FNBA) is an intrastate community bank founded in 1916. FNBA is headquartered in Absecon, NJ and is a wholly owned subsidiary of Absecon Bancorp, a one-bank holding company. FNBA has one subsidiary, Absecon Investment Corp., which holds a portion of the Bank's investment securities.