Community Partners Bancorp Announces 3% Stock Dividend

MIDDLETOWN, N.J.--(Business Wire)--
Community Partners Bancorp (NASDAQ CM: CPBC) (the "Company"), the
parent company of Two River Community Bank and The Town Bank,
announced that the Board of Directors of the Company has approved a 3%
stock dividend. The dividend is payable on October 17, 2008 to
shareholders of record as of September 30, 2008. The dividend will
increase shares outstanding by approximately 202,000. Barry B. Davall,
the Company's President & CEO commented, "We are pleased our board has
voted to declare a stock dividend for our shareholders for the third
consecutive year. In declaring the stock dividend, the Board of
Directors wishes to recognize and reward the loyalty and confidence of
its ownership base."

Community Partners Bancorp is the holding company for Two River
Community Bank, which is headquartered in Middletown, New Jersey, and
The Town Bank, which is headquartered in Westfield, New Jersey. Two
River Community Bank operates eleven branches throughout Monmouth
County and The Town Bank operates four branches in Union County.

The foregoing contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. Such
statements are not historical facts and include expressions about
management's confidence and strategies and management's expectations
about new and existing programs and products, relationships,
opportunities, taxation, technology and market conditions. These
statements may be identified by such forward-looking terminology as
"expect," "look," "believe," "anticipate," "may," "will," or similar
statements or variations of such terms. Actual results may differ
materially from such forward-looking statements. Factors that may
cause results to differ materially from such forward-looking
statements include, but are not limited to, changes in interest rates
or in national or local economic conditions in areas in which our
operations are concentrated, increased competition, rapid growth,
reliance on management and other key personnel, and other such risks.
Community Partners Bancorp assumes no obligation for updating any such
forward-looking statements at any time, except as required by law.

CPBC-G

Community Partners Bancorp
Media
Barry B. Davall, 732-216-0167
President & CEO
www.communitypartnersbancorp.com

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