American Banker

JUNE 20, 2023

The construction manager for the beleaguered New Jersey mall is suing JPMorgan Chase & Co. to recover more than $30 million of unpaid work and accrued interest.

New Jersey 36

New Jersey Management Lending 36

PYMNTS

NOVEMBER 7, 2018

According to The Wall Street Journal , Investors, which has about 150 branches in New Jersey and New York, has hired Keefe, Bruyette & Woods to advise on the potential sale. percent rate on interest-bearing deposits as of the third quarter, which caused its profit margin from lending to fall.

New Jersey 108

New Jersey Comparison New York Lending 108

PYMNTS

JANUARY 12, 2021

Judith Less, who runs a thrift shop in New Jersey, got $27,” the paper reported. Porter Capital Offers New Funding Tools To PPP Recipients. There were roughly 300 businesses out of the over 5 million companies receiving loans that got $99 or less, according to the newspaper.

Arkansas 152

Arkansas New Jersey Oregon Capital 152

PYMNTS

SEPTEMBER 14, 2017

One of the key reasons for the complicated relationship – the term “frenemies” comes to mind – is that FinTech newcomers are demonstrating innovative approaches to traditional banking practices, including financial management services and money transfers, while older banks tend to be wedded to older systems.

Innovation 191

Innovation Lending Fintech Bitcoin 191

Independent Banker

AUGUST 31, 2021

A bank needs a team with diverse perspectives and unique abilities—technology, sales, lending and leadership—that is willing to work together at a heightened pace, he notes. Build a lending niche. Cheryl Winokur Munk is a writer in New Jersey. You have to give people a reason to bank with you.”. Tim Reimink, Crowe LLP.

Community Bank 170

Community Bank Community Lending Leadership 170

PYMNTS

FEBRUARY 7, 2020

According to reports out earlier this week, Goldman Sachs and Amazon are in discussions about possibly partnering for small and medium-sized (SMB) business lending in the U.S. The partnership would apply Goldman’s lending technology to SMB loans on Amazon’s underwriting platform, according to unnamed sources.

Austin 131

Austin Lending Omaha New York City 131

Jeff For Banks

NOVEMBER 9, 2018

March 2017 - Failed the OCC's community lending test causing "significant harm to customers." 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.

New Jersey 60

New Jersey Compliance Community Meeting 60

PopularBank

JANUARY 27, 2020

Popular Bank will leverage the funds to provide access to comprehensive financial services to underserved New Yorkers and local businesses throughout the district, promoting community stability, revitalization and long-term economic development.

New York 91

New York Community New Jersey Houston 91

CB Insights

NOVEMBER 6, 2019

Collectively, these startups have raised over $9.5B, with leading companies including lending startup Avant (Illinois, $655M in total disclosed equity funding), next-gen auto insurer Root Insurance (Ohio, $509M), restaurant finances management system Toast (Massachusetts, $503M), and small business lending startup Kabbage (Georgia, $490M).

United States 72

United States Fintech North Carolina Rhode Island 72

CFPB Monitor

SEPTEMBER 25, 2015

The joint complaint filed by the CFPB and DOJ in federal district court in New Jersey states that the action resulted from a joint investigation by the agencies of the bank’s lending practices following the CFPB’s referral of the bank to the DOJ pursuant to the ECOA. million civil money penalty to the CFPB. .”

NJ 60

NJ New Jersey New York Philadelphia 60

Independent Banker

FEBRUARY 24, 2016

As in past years, community bankers will continue to contend with a dynamic, highly competitive lending environment in 2016. Several trends have arisen that are likely to continue shaping the commercial lending market. Here are five commercial lending trends from some of the industry’s top commercial lenders.

Trends 79

Trends Community Bank Lending Community 79

Jeff For Banks

JUNE 2, 2023

//Jeff Marsico remarks to the 2023 New Jersey Bankers' Association Annual Convention: May 19, 2023// Four decades ago, the prolonged savings-and-loan crisis devastated the industry. The old borrow short, lend long strategy. To you, manage your interest rate risk. trillion failed.

FDIC 78

FDIC Community Bank Regulation Lending 78

PopularBank

DECEMBER 7, 2022

Community association decision-makers should consider these three questions as Florida’s new condo safety laws go into effect. What should property managers or associations do now regarding the new condo safety laws? Consider contingency lines of credit as a lending option. Popular, Inc.

Community 52

Community Florida Study ATM 52

American Banker

AUGUST 3, 2016

Unity Bancorp is raking in money from holding and selling 7(a) loans, but don't expect the bank to extend its operations beyond New Jersey and New York. Management learned that lesson the hard way during the financial crisis.

New Jersey 28

New Jersey National New York Operations 28

Jeff For Banks

DECEMBER 15, 2013

Be charitable - I am an advocate of giving branch/market managers a charitable budget for small ticket giving such as to the local little league, scout troop, etc. That''s right, I''m proposing having a Schmidlap National Bank Morris County New Jersey Twitter account @schmidlapnbmorris. Lend, lend, lend! -

How To 91

How To Community New Jersey social media 91

Fintech Labs Insights

MAY 15, 2015

Two FinovateSpring 2015 presenters landed big rounds: Credit Sesame raised $16 million to expand its debt management and credit tracking platform. Vouch landed $6 million to help put the “first P” back in P2P lending. Consumer credit management. Online lending ( Paidy ). HQ: New York City.

San Francisco 12

San Francisco Company Fintech California 12

Jeff For Banks

MARCH 13, 2010

Managers of corporations are not accountable to society. Banks typically lend businesses money, and shy away from early stage businesses with no operating history (and no real estate as collateral for that matter) because of the risk of not being paid back. Corporations are not people. They are fictitious entities.

New York 60

New York New Jersey Community Pennsylvania 60

Jeff For Banks

MARCH 13, 2010

Managers of corporations are not accountable to society. Banks typically lend businesses money, and shy away from early stage businesses with no operating history (and no real estate as collateral for that matter) because of the risk of not being paid back. Corporations are not people. They are fictitious entities.

New York 60

New York New Jersey Community Pennsylvania 60

Jeff For Banks

JANUARY 27, 2011

Most recently Valley National Bancorp''s highly respected CEO, Gerald Lipkin stated: "The positive [fourth quarter] results are attributable to management''s common sense and highly focused approach to traditional banking — gathering deposits and making relatively low-risk loans." ?I They mostly meant sub-prime residential mortgage lending.

Community Bank 73

Community Bank Community Apple National 73

Fintech Labs Insights

JUNE 8, 2016

The robo-advisor wave rolls on as Finovate Best of Show winner DriveWealth announces that it is launching a new solution designed for Chinese investors called ToumiRA. DriveWealth is partnering with Chinese marketplace lender and wealth manager, CreditEase to deploy the rovo-advisor technology, and will serve as the US broker.

New Jersey 12

New Jersey Lending Strategy Company 12

PYMNTS

AUGUST 7, 2020

New Jersey’s Buckle is an InsurTech company focused on arming the gig economy, including rideshare providers, with access to total insurance coverage. based small business lending platform iwoca, which secured $131.45 earlier this year. also participated. One of the largest investment rounds this week landed at U.K.-based

Fintech 251

Fintech Capital New Jersey Lending 251

Gonzobanker

DECEMBER 20, 2019

billion of assets under management. Olan Jones, CEO & President, Eastman Credit Union – Jones completes a great 20-year term at Eastman, increasing assets from $631 million to $5 billion and creating more than 650 new full-time jobs. picks up Bancorp of New Jersey, Inc. Bank Acquisition of the Year. Might be time to.

Idaho 148

Idaho Conference Data Marketing 148

PYMNTS

JULY 3, 2017

Some of that liability could be deferred in the future if loan volume grows sufficiently enough that the debt can be bonded and sold to outside money managers. Square already securitizes its SMB lending debt that way. Consumer lending with Square will be getting a test drive in six U.S. LendUp Gets a New (Pay)Pal.

Lending 100

Lending New Jersey Colorado Virginia 100

Fintech Labs Insights

AUGUST 8, 2016

HQ: Jersey City, New Jersey. Tags: Institutions, underwriting, commercial lending, loans, information, BI, API. Source: Crunchbase. OpenDoor Trading. Treasuries trading platform. Latest round: $10 million. Total raised: $10 million. Source: FT Partners. Real estate crowdfunding platform. Latest round: $9.1 million Seed.

Company 12

Company Fintech New York City blockchain 12

Jeff For Banks

DECEMBER 29, 2021

The bank was founded in 2006 and operates 19 full-service branch locations in multi-ethnic communities in Alabama, Florida, Georgia, New York, New Jersey, Texas and Virginia. and equipment lending and asset based lending through Triumph Commercial Finance.

Capital 78

Capital Texas Metro North Carolina 78

Gonzobanker

DECEMBER 19, 2022

SoFI gets a commercial bank that brings deposits, compliance, AND business lending. Hats off to Thomas Shara at Lakeland and Tony Labozzetta of Provident for architecting the new $25 billion super-community bank in New Jersey. Let’s see how this new scale allows for big investments in future innovation.

Community 216

Community Fintech Industry Innovation 216

Fintech Labs Insights

JANUARY 22, 2016

Platform for employers to lend to employees. Investment management platform for advisors. Personal financial manager. Enterprise cash management. Tags: SMB, accounting, developers, ecommerce, financial management, payments, Finovate alum. HQ: Hong Kong, China. Source: Crunchbase. Payday loan alternative.

Company 12

Company Fintech San Francisco California 12

William Mills

SEPTEMBER 12, 2017

An industry leader in lending and benchmarking solutions for financial institutions. Transforming consumer risk management with patented analytics, proprietary data and real-time insight into consumer behavior. Very interesting UI on how companies and topics are integrated as well as the sentiment of the financial news.

Samsung 69

Samsung Mobile User Experience Google 69

Fintech Labs Insights

MAY 28, 2015

Two new neo-banks (Koho, Monese). Two investment managers (InvestView, Wealthminder). And of course, two Finovate alums received new money ($11 million to Kantox , $300,000 to FreeAgent ). Payment system management platform. HQ: New York City. HQ: Red Bank, New Jersey. Finnish P2P lending marketplace.

Company 12

Company Fintech New York City New York 12

Fintech Labs Insights

MAY 26, 2016

Commercial real estate leasing & asset management platform. HQ: New York City. HQ: New York City. Banking & wealth management platform. Porftfolio management for institutional investors. HQ: Tenafly, New Jersey. Tags: Banks, advisors, banking, wealth management, investing. YieldStreet.

St. Louis 20

St. Louis Company Fintech New York City 20

Fintech Labs Insights

MAY 21, 2015

It was a broad mix of sub-sectors, from crypto (Ripple) to lending. Tools and programs for alt-lending to businesses. HQ: New York City. Credit reports & debt management. Bitcoin-denominated P2P lending. Tags: P2p, peer-to-peer lending, underwriting, Bitcoin, Finovate alum. Actiance $28 million.

San Francisco 12

San Francisco New York City Company California 12

PYMNTS

DECEMBER 7, 2018

Though not venture capital, the private equity raised for New Jersey-chartered community bank Cross River Bank is noteworthy not only for its impressive price tag of $100 million, but for its reflection of investors’ support for financial institutions that collaborate with the tech startup scene. Cross River Bank. Wise Systems.

Analytics 176

Analytics Data Capital Software 176

Gonzobanker

DECEMBER 20, 2018

Cross River Bank in New Jersey ($1.1B) has found a nice niche providing back-end decisioning and servicing solutions for fintech lenders such as Affirm, BestEgg, Coinbase and TransferWise. This award goes to Ally Bank ’s mind-numbingly fast growth in its auto lending unit. Banks Leveraging Fintechs Award.

Fintech 105

Fintech Conference Innovation Community 105