First Commerce Bancorp, Inc. and First Commerce Bank Announces Retirement of Chief Financial Officer David Onderko; Nick Naqvi Named Interim CFO
The bank has begun recruiting a permanent CFO while Onderko stays on to help with its core data conversion.
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Rhea-AI Summary
First Commerce Bancorp (CMRB) announced CFO David Onderko’s retirement effective September 28, 2026, and named Nick Naqvi interim CFO.
Onderko will remain a consultant to First Commerce Bank through December 31, 2026, to help complete its core data conversion. Naqvi, the bank’s chief accounting officer since 2022, will serve as interim CFO while the bank seeks a permanent successor. The bank has begun that search and engaged Kaplan Partners to assist with recruitment.
Positive
- Nick Naqvi will serve as interim CFO while the bank searches for a permanent successor.
- Onderko’s consulting role runs through December 31, 2026, to help complete the core data conversion.
Negative
- David Onderko’s retirement ends his CFO tenure effective September 28, 2026.
- Permanent CFO appointment remains pending as the bank conducts its search.
AI-generated analysis. How Rhea-AI works. Not financial advice.
LAKEWOOD, NJ / ACCESS Newswire / September 28, 2026 / First Commerce Bancorp, Inc., (OTCID:CMRB), the holding company for First Commerce Bank, announced today that Senior Vice President/Chief Financial Officer David Onderko will retire effective September 28, 2026. Chief Accounting Officer Naqi "Nick" Naqvi will serve as interim Chief Financial Officer while the Bank searches for a permanent successor.
To support a smooth transition, Mr. Onderko will stay on as a consultant to First Commerce Bank through December 31, 2026. In that role, he will help the Bank complete its core data conversion.
"David has been a steady and trusted leader for First Commerce Bank, and we are grateful for his years of service," said Donald Mindiak, President and CEO of First Commerce Bancorp, Inc and First Commerce Bank. "We're glad he will keep supporting our core conversion through year-end, and we have full confidence in Nick as he steps into the interim CFO role." Mr. Naqvi has served as Chief Accounting Officer since 2022.
The Bank has started its search for a permanent Chief Financial Officer and has engaged Kaplan Partners to assist with the recruitment process.
About First Commerce Bancorp, Inc.
First Commerce Bancorp, Inc., is a financial services organization headquartered in Lakewood, New Jersey. The Bank, the Company's wholly owned subsidiary, provides businesses and individuals a wide range of loans, deposit products and retail and commercial banking services through its branch network located in Allentown, Bordentown, Closter, Englewood, Fairfield, Freehold, Jackson, Lakewood, Robbinsville and Teaneck, New Jersey. For more information, please go to www.firstcommercebk.com.
Press Contact:
Donald Mindiak
First Commerce Bancorp, Inc.
Lakewood, NJ 08701
(732) 364-0032
dmindiak@firstcommercebk.com
http://firstcommercebk.com
SOURCE: First Commerce Bancorp, Inc.
View the original press release on ACCESS Newswire
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