Shortly after taking over, Agemian changed the bank's name to Garden State National Bank, and, a year later, merged it with North Jersey National Bank of Hudson County. Because of the Federal Bank Holding Company Act of 1956, Warner was forced to divest its stake in the Garden State National Bank.
Shortly after taking over, Agemian renamed the bank to Garden State National Bank and merged it with North Jersey National Bank of Hudson County a year later. The Federal Bank Holding Company Act of 1956 compelled Warner to divest his share in Garden State National Bank.