Community Bank and New Jersey - Community Banking Brief

Michael Shriner named CEO of New Jersey's BCB Community Bancorp

American Banker

DECEMBER 29, 2023

The community banking veteran will succeed Thomas Coughlin, who spent nine years as CEO of the Bayonne, New Jersey-based bank.

New Jersey

New Jersey Community Community Bank Industry

The New Jersey Community Bank Flying High in PPP Ranking

Banking Exchange

JUNE 10, 2020

Cross River Bank’s partnerships with more than 30 fintech companies has enabled it to loan more than PNC, US Bank and Trust Community Banking PPP Covid19 Feature Financial Trends Duties Feature3 The Economy.

Community Bank

Community Bank New Jersey Community Trends

7 ways community banks can boost profitability

Independent Banker

AUGUST 31, 2021

of digital banking customers said they switched to digital banking because of the pandemic. Source: 2021 Provident Bank survey. These days, there’s a lot to contend with as a community bank, from changing consumer behaviors due to the pandemic to uncertainty surrounding the economy and inflation. Quick stat.

Community Bank

Community Bank Community Lending Leadership

NJ-based Provident Bank upgrades digital channels amid pandemic

Bank Innovation

MARCH 30, 2020

For one community bank in New Jersey, its digital overhaul came at a crucial time, and Provident Bank has been pushing its digital capabilities to customers during the novel coronavirus pandemic since revamping its online banking earlier this month.

NJ

NJ New Jersey Community Bank Community

Fundation Pulls Community Bank Into FinTech Collaboration

PYMNTS

JULY 3, 2019

Large financial institutions (FIs) are increasingly turning to FinTech firms and alternative lenders to augment their small business (SMB) offerings, but community banks are beginning to get on board with the partnership strategy , too.

Community Bank

Community Bank Community Fintech New Jersey

Community Banks Voice Frustration With Core Tech Providers

PYMNTS

APRIL 12, 2019

Community banks are voicing their frustration with what they say is a lack of competition in the market for corporate bank technology providers, reports in The Wall Street Journal said Thursday (April 11). Community banks say their services are often too expensive and can sometimes be delayed.

Community Bank

Community Bank Community New Jersey Fintech

Kearny expanding in northern New Jersey with MSB purchase

American Banker

DECEMBER 19, 2019

The company will pay $94 million for a bank with operations in New Jersey's Somerset and Morris counties.

New Jersey

New Jersey Operations Company Community Bank

New Jersey bank swims against the tide in growing its wealth business

American Banker

MARCH 13, 2024

Peapack-Gladstone's wealth unit is pursuing an ambitious de novo expansion in New York and perhaps elsewhere because M&A has become expensive as private equity money has inflated seller expectations.

New Jersey

New Jersey New York Community Bank Community

First Bank in New Jersey gets regulatory approvals to close deal in Philly

American Banker

JULY 7, 2023

The acquisition of Malvern Bancorp, expected to close this month, would hasten First Bank's efforts to further fortify its footprint stretching from Philadelphia to New York City.

New Jersey

New Jersey New York City Philadelphia New York

SBA Struggling To Meet Demand For Relief Loans

PYMNTS

APRIL 8, 2020

“The expectation that this $2 trillion package would go through Congress and that the money would be flowing three days later, that was never a realistic expectation,” said Patrick Ryan, the chief executive of First Bank, a New Jersey lender. Further, community banks are nearly out of cash.

Meeting

Meeting New Jersey New York Community Bank

New Jersey banks extend deadline to close their $1.3 billion merger

American Banker

DECEMBER 21, 2023

Provident Financial in Iselin initially anticipated completing its deal for Oak Ridge-based Lakeland Bancorp in the second quarter. Now as it waits for regulatory approval, Provident says the process will stretch into spring 2024.

New Jersey

New Jersey Community Bank Community Compliance

New Jersey Community Exits Consent Orders, Swaps Out Directors

American Banker

AUGUST 9, 2016

New Jersey Community Bank in Freehold has exited a pair of regulatory orders. The $102 million-asset bank also said in a press release Tuesday that two siblings have resigned from its board.

New Jersey

New Jersey Community Community Bank FDIC

5 ways to shake up your lending strategy

Independent Banker

JUNE 30, 2022

A new approach to loan protocols is just one way for community banks to grow in new and different directions. Amid changing economic conditions and rising rates, it’s a good time for community banks to re-evaluate their loan strategy with an eye on adaptability. By Cheryl Winokur Munk.

Lending

Lending Strategy Community Bank Community

Now is a prime time for digital account opening

Independent Banker

OCTOBER 31, 2021

How Americans bank has been changing for years, including how they start their banking relationships. Offering the ability to open an account online can be one way to reach customers who are unable to join your community bank in person. In 2019, the two merged brands again under IncredibleBank.

Idaho

Idaho Community Bank Community New Jersey

Provident Financial expanding in New Jersey with $1.3 billion deal

American Banker

SEPTEMBER 28, 2022

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New Jersey

New Jersey Community Bank Community

4 tips for better vendor management

Independent Banker

NOVEMBER 30, 2021

Community banks use dozens or even hundreds of vendors—making it critical that they have an efficient way to stay compliant, track performance and more. Some banks are using a combination of software and internal personnel and systems to do just that. billion-asset 1st Security Bank of Washington in Mountlake Terrace, Wash.,

Management

Management Community Bank Community New Jersey

Cross River establishes fintech investment banking unit

American Banker

FEBRUARY 26, 2024

The Fort Lee, New Jersey, company has hired a pair of veteran investment bankers to helm an effort serving fintechs' capital market needs "doubling down" on its commitment to the sector.

New Jersey

New Jersey Fintech Capital Marketing

Cross River Bank in N.J. raises $28M from Silicon Valley

Payments Source

NOVEMBER 1, 2016

A community bank in New Jersey has raised millions in funding from Silicon Valley's star fintech venture capitalists.

New Jersey

New Jersey Community Bank Community Fintech

New Jersey bank hit with consent order tied to BSA compliance

American Banker

JULY 14, 2020

Unity Bancorp must improve its policies and procedures, and increase staff training, for following Bank Secrecy Act and anti-money laundering laws.

New Jersey

New Jersey Compliance Training Policies

How to collect positive customer reviews

Independent Banker

FEBRUARY 28, 2022

Community banks need to pay attention to what’s being said about them in those spaces. Northpointe Bank, based in Grand Rapids, Mich., billion-asset community bank also keeps an eye on more niche websites and platforms, where it knows potential customers may be. Miller is a writer in New Jersey.

How To

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How One Community Bank’s RTP Journey Offers A Path For Others

PYMNTS

JANUARY 11, 2021

PYMNTS' latest Real-Time Payments Report done in collaboration with The Clearing House looks at the matter through numerous use cases, none more informative than that of New Jersey-based community bank Cross River , with its enthusiastic embrace of real-time payments (RTP). If only enthusiasm were enough.

Community

Community New Jersey Community Bank User Experience

Carolina community lenders to merge, Fiserv adds tech to Newark arena

American Banker

FEBRUARY 2, 2024

Dogwood State Bank and Community First Bancorp plan an all-stock deal to create a $2.2 billion bank, technology firm Fiserv announces a partnership with the National Hockey League's New Jersey Devils, former Texas secretary of state will join Cullen/Frost's board and more in our weekly banking news roundup.

Community

Community New Jersey Texas National

Bancorp of New Jersey Hires Former State Regulator as Chief

American Banker

APRIL 6, 2016

Bancorp of New Jersey in Fort Lee has hired a former state regulator as its new chief executive.

New Jersey

New Jersey Regulation NJ Community Bank

New Jersey mutual to convert to stock ownership ahead of merger

American Banker

JULY 26, 2022

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New Jersey

New Jersey Community Bank Community

Lakeland Bancorp to acquire a New Jersey competitor

American Banker

JULY 12, 2021

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New Jersey

New Jersey Community Bank Community

Peapack-Gladstone sets sights on New York City

American Banker

JULY 14, 2023

The New Jersey institution has hired Jeanne Scungio, a veteran banker who ran First Republic Bank's New York operations, to oversee its expansion into the Big Apple.

New York City

New York City New York New Jersey Apple

New Jersey lender bets big on financing life insurance premiums

American Banker

OCTOBER 28, 2022

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New Jersey

New Jersey Community Bank Community

How Cross River Bank gathered $250 million in deposits in 15 days

American Banker

SEPTEMBER 22, 2020

Partnering with the account-opening software firm Mantl, the New Jersey bank created a CD campaign that helped fund its Paycheck Protection Program lending.

New Jersey

New Jersey Lending Software Community Bank

New Jersey bank sells lower-yielding securities after rate hikes take bite

American Banker

DECEMBER 9, 2022

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New Jersey

New Jersey Security Community Bank Community

Why Giants of Silicon Valley Invested in a Community Bank

American Banker

NOVEMBER 1, 2016

Disintermediation is so five years ago, according to Cross River Bank in New Jersey. It just raised $28 million from Silicon Valley. Now, it wants to enhance its compliance system so it can partner with "riskier" fintech startups and, effectively, enable the industry's so-called disruptors.

Community Bank

Community Bank New Jersey Community Compliance

OceanFirst chief eyes possible merger of equals next year

American Banker

DECEMBER 29, 2020

Chris Maher recently unloaded loans hurt by the coronavirus shock, convinced he was freeing the New Jersey company of baggage that could impede a large M&A deal. This assertive move makes him one of our community bankers to watch in 2021.

New Jersey

New Jersey Community Company Community Bank

First Bank in New Jersey strikes $150 million deal to expand in Philly

American Banker

DECEMBER 14, 2022

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New Jersey

New Jersey Community Bank Community Strategy

it tracker 7.19

PYMNTS

JULY 20, 2016

Separately, Ocean Shore Holding is being bought by OceanFirst Financial in a bank deal that is not all that large, at $146 million, but does lend some consolidation in the New Jersey community bank space and a 32 percent premium to tangible book value.

New Jersey

New Jersey Community Bank Lending Community

Century Savings in N.J. hires veteran banker as its president

American Banker

FEBRUARY 10, 2020

David Hanrahan had been CEO of Capital Bank of New Jersey, which was sold last year to OceanFirst Financial.

New Jersey

New Jersey Capital Community Bank Community

Vernon Hill named CEO of Republic First in Philadelphia

American Banker

FEBRUARY 24, 2021

The founder of Commerce Bank in New Jersey and Metro Bank in the United Kingdom has served as Republic First's chairman since 2016.

Philadelphia

Philadelphia New Jersey Metro Community Bank

Teflon Tim: You Can't Mess With Wells Fargo

Jeff For Banks

NOVEMBER 9, 2018

As part of my comments, I presented the following table of New Jersey Deposit Market Share. Wells maintained its market share from June 2017 to June 2018 in both New Jersey and nationwide. Notice the bigger banks all held serve and maintained leading market share. I also included the USA deposit market share.

New Jersey

New Jersey Compliance Community Meeting

OceanFirst takes aggressive stance by selling problematic loans

American Banker

OCTOBER 30, 2020

The New Jersey company reported a quarterly loss after becoming one of the first lenders to liquidate loans harmed by the coronavirus pandemic.

New Jersey

New Jersey Report Company Community Bank

Will "Plain Vanilla" Kill Community Banking?

Jeff For Banks

JANUARY 27, 2011

I was at a strategic planning retreat a few weeks back where a colleague lauded the concept of bankers getting back to plain vanilla community banking. A similar argument could be made for the former Commerce Bank of Cherry Hill, New Jersey. I hear and read this often.

Community Bank

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