INDUSTRY INSIGHTS YOUR PEERS ARE READING
Deposits Community banks M&A Growth strategies New Jersey"You can't meet customers at the headquarters," CEO Kevin Cummings tells his senior executives. MORE
Based out of Riverside, California, the website (and soon-to-be mobile platform) has been working with leagues all over the state, as well as in Colorado, New York, New Jersey, Massachusetts, Illinois, Wisconsin and Texas. uber of x California Colorado Illinois Massachusetts new jersey New York referee referees rent-a-ref Texas Uber of X What's Hot WisconsinPerhaps the most overlooked person in any sport is the most important one: the referee. MORE
The New Jersey company reported lower quarterly profit that included professional fees tied to addressing an informal order from regulators. Community banking Earnings AML New Jersey MORE
Receiving Wide Coverage. Another hit: Wells Fargo has agreed to pay $50 million to settle a class-action lawsuit in which it was accused of overcharging homeowners for appraisals ordered after the borrowers defaulted on their mortgages. The plaintiffs allege they were charged $95 to $120 for a service that cost the bank $50 or less. Under the proposed settlement, Wells will mail checks, averaging $120 each, to more than 250,000 customers whose home loans were… morning-scan national-regiona MORE
The New Jersey company has agreed to acquire Quadrant Capital to expand in its home state. Community banking M&A Wealth management New JerseyThe company recently bought Murphy Capital. MORE
based City National Bank of New Jersey is selling assets and liabilities of its Roosevelt, N.Y., Newark, N.J.-based branch to $5.7 billion Bethpage Federal Credit Union. According to the FDIC, the branch in question had $15.3 million in deposits as of June 30, 2013. City National Bank on September 4 filed an application seeking approval for the proposed sale, which is expected to close by December. Read the story in the American Banker. Bank-Credit Union Transaction Branch Sales MORE
Community banking Regional banks Deposits Munis New JerseyAn ex-banker running for governor has proposed the idea. It's a political perennial, but industry officials are nonetheless raising concerns. MORE
Peapack-Gladstone has agreed to buy Lassus Wherley & Associates, which has offices in New Jersey and Florida. Community banking M&A Wealth management New Jersey MORE
The New Jersey bank did not say exactly what the problem was, but it is beefing up how allegations of financial-reporting violations are reported to upper management. Accounting Corporate governance Internal controls Compliance New Jersey MORE
The new tax law also resulted in more than $22M of charges at the New Jersey-based bank. Earnings Commercial lending Commercial banking Non-interest income New Jersey MORE
Community banking New JerseyThe company sued the former director over the debt, which disqualified him from board service. MORE
After a bit of browsing, she stumbled upon a New Jersey Credit Union League glass that some crafty person had turned into a scented candle. artifact glass little man new jersey MORE
15 Lakeland, which is based in New Jersey, will expand its operations in three counties as part of the $57 million acquisition. Community banking M&A Capital Growth strategies New Jersey MORE
New Jersey was the ringleader of the effort, though it did enlist support from 17 other states and three additional state governors. “I am thrilled to see the Supreme Court finally side with New Jersey and strike down the arbitrary ban on sports betting imposed by Congress decades ago,” New Jersey Governor Phil Murphy said Monday. Regulation gambling law new jersey News regulation SCOTUS Sports betting sports gambling supreme court MORE
Community banking Branch network Capital Growth strategies New JerseyOrange County Bancorp has identified two neighboring counties for expansion. MORE
Bancorp of New Jersey in Fort Lee has hired a former state regulator as its new chief executive. womenin-banking people succession-planning nj recruitment community-banking MORE
Community banking M&A Wealth management New Jersey New YorkProvident's investment adviser unit will have nearly $3 billion in assets under management after it buys Tirschwell & Loewy. MORE
George Scharpf had been the New Jersey bank's leader since 1981. C-suite Career planning Succession planning Community banking New Jersey MORE
Retail easter new jersey Retail Fail retail what's hot social media twitter What's Hot MORE
A New Jersey community bank has launched a campaign that takes digs at the megabank while highlighting its own values. Community banking Digital marketing Customer service Wells Fargo New Jersey New YorkShould others follow its lead? MORE
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. breaking_news people corporate-governance fdic community-banking MORE
Receiving Wide Coverage. Another hit: Wells Fargo has agreed to pay $50 million to settle a class-action lawsuit in which it was accused of overcharging homeowners for appraisals ordered after the borrowers defaulted on their mortgages. The plaintiffs allege they were charged $95 to $120 for a service that cost the bank $50 or less. Under the proposed settlement, Wells will mail checks, averaging $120 each, to more than 250,000 customers whose home loans were. national-regional MORE
A community bank in New Jersey has raised millions in funding from Silicon Valley's star fintech venture capitalists. Venture funding Venture capital Andreessen Horowitz New Jersey MORE
Community banking Strategic buyers Branch network Branch banking Branch deals New JerseyBank of Princeton will also buy $190 million in deposits as part of the deal. MORE
Community banking Deposits New Jersey MichiganBoth proposals aim to establish institutions that would be modeled after Bank of North Dakota, the nation's only public bank. MORE
Retailers Compliance Digital payments Cash New Jersey PennsylvaniaThe pushback on stores that don’t accept cash seems to be gaining momentum, with Philadelphia the latest municipality to consider a law that would ban cash-free shops. MORE
The New Jersey bank said it will save millions of dollars by eliminating the jobs as well as selling and leasing back some of its real estate. Community banking C-suite Commercial banking New Jersey MORE
OceanFirst Financial's acquisition of Capital Bank of New Jersey would strengthen its presence in the southern part of the state and Philadelphia. Integrations Community banking M&A New Jersey MORE
Just one month after its IPO, Blue Apron is closing a New Jersey facility and moving 1,270 jobs to a larger site opening in the state later this year. According to Bloomberg Technology , more than half of the employees at the Jersey City facility have decided to move to Linden, New Jersey, a company spokeswoman said. The original Jersey City fulfillment center will close by October. MORE
United Roosevelt Savings Bank in Carteret, N.J., has agreed to buy Wawel Financial Services in Garfield, N.J. breaking_news dealmaking-strategy m-a nj community-banking MORE
Efforts to create city- or state-owned banks in Los Angeles, Seattle and New Jersey have suffered setbacks of late, but public banking advocates are taking the long view. Community banking Commercial lending Law and regulation Marijuana banking New Jersey MORE
Among recent developments is the addition of PayPal to the sportsbook operated by DraftKings in New Jersey. Payment processing has been among the chief dampeners of performance in New Jersey’s regulated online gambling market,” observed Legal Sports Report. MORE
Taxi medallion loans continue to stress the performance of two New Jersey credit unions in the first quarter of 2017. First Jersey Credit Union The increase in provisions for loan and lease losses caused First Jersey Credit Union (Wayne, NJ) to go from a profit of 82,404 in the first quarter of 2016 to a loss of $847, 040 at the end of the first quarter of 2017. First Jersey Credit Union reported a year-over-year reduction in its net worth due to large losses. MORE
The New Jersey company will pay $76 million for a bank with a low loan-to-deposit ratio and an SBA lending platform. Community banking M&A Capital New Jersey New York MORE
New Jersey Governor Philip D. According to a report in The New York Times , if the agreement wins enough support in the state legislature, New Jersey could be next to enable legal use of pot. MORE
Singapore, Tokyo, New York, London and Shanghai are leading cities in spending this year. Among the major smart city deployments, both New York and London are participating in a major rollout of connected sidewalk kiosks, which will replace existing phone booths and offer residents free Wi-Fi access, device charging and tablets with maps and city information. New Jersey Transit , the third largest transit system in the U.S., MORE
More voices are coming across loud and clear in New Jersey about the credit union difference. Uncategorized Affinity Federal Credit Union credit union tax status CUNA News Now John Fenton New Jersey NJBIZ.comJohn Fenton, president/CEO of Affinity FCU, Basking Ridge, N.J., set the record straight regarding the credit union tax status in an “Industry Insights” post on NJBIZ.com. MORE
New Jersey’s commuter rail and bus system is joining the movement to add contactless payment options for commuters, which observers say could spark broader adoption of mobile payments across the U.S. Mobile payments Contactless payments New Jersey MORE
The New Jersey company terminated an acquisition after being hit with the order in 2016. Community banking M&A AML FDIC New Jersey MORE
Fred Daibes and an associate allegedly conspired to fraudulently obtain loans from Mariner's Bank, a New Jersey institution he helped found. Fraud losses Community banking Corporate governance New Jersey MORE
The financial fortunes of two New Jersey credit unions have been adversely impacted by taxi medallion loans. Aspire Federal Credit Union (Clark, NJ) Aspire Federal Credit Union posted a loss of $6.1 million for 2017, after losing $1.6 million in 2016. The $158 million credit union reported outstanding commercial loans not secured by real estate of $12.6 million. Presumably most of these loans were taxi medallion loans. MORE
Michael Lesler resigned as CEO and president of the $803 million-asset company, it said Thursday. breaking_news people recruitment nj community-banking MORE
Public transit systems in New Jersey, New York, Chicago and other major metropolitan areas are converting their systems to accept contactless payments, which experts say will reduce costs and help improve ridership MORE
A&P named its concept Warehouse Economy Outlet — or “Where Economy Originates” — and opened its first location in Pennsauken, New Jersey, in 1971. In another commercial , a spokesperson proclaimed, “It’s a brand-new concept: You shop at a modern supermarket with wild warehouse prices,” as the slogan “wild warehouse prices” flashed across the screen. If Amazon does end up acquiring Boxed, perhaps the new Costco card will be an Amazon Prime membership. MORE
New Jersey Related Topics PYMNTS
FEBRUARY 20, 2019
New Jersey Governor Philip D. According to a report in The New York Times , if the agreement wins enough support in the state legislature, New Jersey could be next to enable legal use of pot.
PYMNTS
OCTOBER 5, 2018
Among recent developments is the addition of PayPal to the sportsbook operated by DraftKings in New Jersey. Payment processing has been among the chief dampeners of performance in New Jersey’s regulated online gambling market,” observed Legal Sports Report.
BankThink
OCTOBER 29, 2018
OceanFirst Financial's acquisition of Capital Bank of New Jersey would strengthen its presence in the southern part of the state and Philadelphia. Integrations Community banking M&A New Jersey
PYMNTS
FEBRUARY 6, 2018
A&P named its concept Warehouse Economy Outlet — or “Where Economy Originates” — and opened its first location in Pennsauken, New Jersey, in 1971. In another commercial , a spokesperson proclaimed, “It’s a brand-new concept: You shop at a modern supermarket with wild warehouse prices,” as the slogan “wild warehouse prices” flashed across the screen. If Amazon does end up acquiring Boxed, perhaps the new Costco card will be an Amazon Prime membership.
BankThink
AUGUST 25, 2017
Community banking Regional banks Deposits Munis New JerseyAn ex-banker running for governor has proposed the idea. It's a political perennial, but industry officials are nonetheless raising concerns.
BankThink
JANUARY 17, 2017
Community banking New JerseyThe company sued the former director over the debt, which disqualified him from board service.
Keith Leggett's Credit Union Watch
MAY 3, 2017
Taxi medallion loans continue to stress the performance of two New Jersey credit unions in the first quarter of 2017. First Jersey Credit Union The increase in provisions for loan and lease losses caused First Jersey Credit Union (Wayne, NJ) to go from a profit of 82,404 in the first quarter of 2016 to a loss of $847, 040 at the end of the first quarter of 2017. First Jersey Credit Union reported a year-over-year reduction in its net worth due to large losses.
PYMNTS
AUGUST 7, 2018
Singapore, Tokyo, New York, London and Shanghai are leading cities in spending this year. Among the major smart city deployments, both New York and London are participating in a major rollout of connected sidewalk kiosks, which will replace existing phone booths and offer residents free Wi-Fi access, device charging and tablets with maps and city information. New Jersey Transit , the third largest transit system in the U.S.,
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. breaking_news people corporate-governance fdic community-banking
Keith Leggett's Credit Union Watch
FEBRUARY 13, 2018
The financial fortunes of two New Jersey credit unions have been adversely impacted by taxi medallion loans. Aspire Federal Credit Union (Clark, NJ) Aspire Federal Credit Union posted a loss of $6.1 million for 2017, after losing $1.6 million in 2016. The $158 million credit union reported outstanding commercial loans not secured by real estate of $12.6 million. Presumably most of these loans were taxi medallion loans.
American Banker
APRIL 6, 2016
Bancorp of New Jersey in Fort Lee has hired a former state regulator as its new chief executive. womenin-banking people succession-planning nj recruitment community-banking
PYMNTS
MAY 14, 2018
New Jersey was the ringleader of the effort, though it did enlist support from 17 other states and three additional state governors. “I am thrilled to see the Supreme Court finally side with New Jersey and strike down the arbitrary ban on sports betting imposed by Congress decades ago,” New Jersey Governor Phil Murphy said Monday. Regulation gambling law new jersey News regulation SCOTUS Sports betting sports gambling supreme court
American Banker
MARCH 3, 2016
Michael Lesler resigned as CEO and president of the $803 million-asset company, it said Thursday. breaking_news people recruitment nj community-banking
American Banker
SEPTEMBER 1, 2016
United Roosevelt Savings Bank in Carteret, N.J., has agreed to buy Wawel Financial Services in Garfield, N.J. breaking_news dealmaking-strategy m-a nj community-banking
BankThink
FEBRUARY 13, 2019
The New Jersey bank said it will save millions of dollars by eliminating the jobs as well as selling and leasing back some of its real estate. Community banking C-suite Commercial banking New Jersey
BankThink
OCTOBER 31, 2018
Fred Daibes and an associate allegedly conspired to fraudulently obtain loans from Mariner's Bank, a New Jersey institution he helped found. Fraud losses Community banking Corporate governance New Jersey
BankThink
FEBRUARY 15, 2019
Deposits Community banks M&A Growth strategies New Jersey"You can't meet customers at the headquarters," CEO Kevin Cummings tells his senior executives.
PYMNTS
NOVEMBER 23, 2016
Based out of Riverside, California, the website (and soon-to-be mobile platform) has been working with leagues all over the state, as well as in Colorado, New York, New Jersey, Massachusetts, Illinois, Wisconsin and Texas. uber of x California Colorado Illinois Massachusetts new jersey New York referee referees rent-a-ref Texas Uber of X What's Hot WisconsinPerhaps the most overlooked person in any sport is the most important one: the referee.
PYMNTS
AUGUST 4, 2017
Just one month after its IPO, Blue Apron is closing a New Jersey facility and moving 1,270 jobs to a larger site opening in the state later this year. According to Bloomberg Technology , more than half of the employees at the Jersey City facility have decided to move to Linden, New Jersey, a company spokeswoman said. The original Jersey City fulfillment center will close by October.
BankThink
JANUARY 8, 2019
George Scharpf had been the New Jersey bank's leader since 1981. C-suite Career planning Succession planning Community banking New Jersey
BankThink
DECEMBER 7, 2018
The New Jersey company terminated an acquisition after being hit with the order in 2016. Community banking M&A AML FDIC New Jersey
PYMNTS
MARCH 22, 2016
Retail easter new jersey Retail Fail retail what's hot social media twitter What's Hot
BankThink
FEBRUARY 4, 2019
Community banking Strategic buyers Branch network Branch banking Branch deals New JerseyBank of Princeton will also buy $190 million in deposits as part of the deal.
Keith Leggett's Credit Union Watch
SEPTEMBER 12, 2014
based City National Bank of New Jersey is selling assets and liabilities of its Roosevelt, N.Y., Newark, N.J.-based branch to $5.7 billion Bethpage Federal Credit Union. According to the FDIC, the branch in question had $15.3 million in deposits as of June 30, 2013. City National Bank on September 4 filed an application seeking approval for the proposed sale, which is expected to close by December. Read the story in the American Banker. Bank-Credit Union Transaction Branch Sales
BankThink
JANUARY 22, 2019
Community banking M&A Wealth management New Jersey New YorkProvident's investment adviser unit will have nearly $3 billion in assets under management after it buys Tirschwell & Loewy.
American Banker
NOVEMBER 2, 2016
Receiving Wide Coverage. Another hit: Wells Fargo has agreed to pay $50 million to settle a class-action lawsuit in which it was accused of overcharging homeowners for appraisals ordered after the borrowers defaulted on their mortgages. The plaintiffs allege they were charged $95 to $120 for a service that cost the bank $50 or less. Under the proposed settlement, Wells will mail checks, averaging $120 each, to more than 250,000 customers whose home loans were… morning-scan national-regiona
BankThink
NOVEMBER 19, 2018
Efforts to create city- or state-owned banks in Los Angeles, Seattle and New Jersey have suffered setbacks of late, but public banking advocates are taking the long view. Community banking Commercial lending Law and regulation Marijuana banking New Jersey
Payments Source
JUNE 11, 2018
New Jersey’s commuter rail and bus system is joining the movement to add contactless payment options for commuters, which observers say could spark broader adoption of mobile payments across the U.S. Mobile payments Contactless payments New Jersey
BankThink
NOVEMBER 2, 2016
Receiving Wide Coverage. Another hit: Wells Fargo has agreed to pay $50 million to settle a class-action lawsuit in which it was accused of overcharging homeowners for appraisals ordered after the borrowers defaulted on their mortgages. The plaintiffs allege they were charged $95 to $120 for a service that cost the bank $50 or less. Under the proposed settlement, Wells will mail checks, averaging $120 each, to more than 250,000 customers whose home loans were. national-regional
BankThink
NOVEMBER 1, 2018
Community banking Branch network Capital Growth strategies New JerseyOrange County Bancorp has identified two neighboring counties for expansion.
Credit Union History
OCTOBER 26, 2012
After a bit of browsing, she stumbled upon a New Jersey Credit Union League glass that some crafty person had turned into a scented candle. artifact glass little man new jersey
BankThink
JANUARY 24, 2018
Community banking Deposits New Jersey MichiganBoth proposals aim to establish institutions that would be modeled after Bank of North Dakota, the nation's only public bank.
BankThink
JUNE 29, 2018
Peapack-Gladstone has agreed to buy Lassus Wherley & Associates, which has offices in New Jersey and Florida. Community banking M&A Wealth management New Jersey
BankThink
AUGUST 24, 2018
Lakeland, which is based in New Jersey, will expand its operations in three counties as part of the $57 million acquisition. Community banking M&A Capital Growth strategies New Jersey
Payments Source
NOVEMBER 1, 2016
A community bank in New Jersey has raised millions in funding from Silicon Valley's star fintech venture capitalists. Venture funding Venture capital Andreessen Horowitz New Jersey
BankThink
JANUARY 25, 2018
The new tax law also resulted in more than $22M of charges at the New Jersey-based bank. Earnings Commercial lending Commercial banking Non-interest income New Jersey
BankThink
JULY 12, 2018
The New Jersey company will pay $76 million for a bank with a low loan-to-deposit ratio and an SBA lending platform. Community banking M&A Capital New Jersey New York
BankThink
MAY 3, 2018
A New Jersey community bank has launched a campaign that takes digs at the megabank while highlighting its own values. Community banking Digital marketing Customer service Wells Fargo New Jersey New YorkShould others follow its lead?
Mobile Payments Today
DECEMBER 18, 2018
Public transit systems in New Jersey, New York, Chicago and other major metropolitan areas are converting their systems to accept contactless payments, which experts say will reduce costs and help improve ridership
CU Insight
JULY 20, 2015
More voices are coming across loud and clear in New Jersey about the credit union difference. Uncategorized Affinity Federal Credit Union credit union tax status CUNA News Now John Fenton New Jersey NJBIZ.comJohn Fenton, president/CEO of Affinity FCU, Basking Ridge, N.J., set the record straight regarding the credit union tax status in an “Industry Insights” post on NJBIZ.com.
BankThink
SEPTEMBER 15, 2017
The New Jersey company has agreed to acquire Quadrant Capital to expand in its home state. Community banking M&A Wealth management New JerseyThe company recently bought Murphy Capital.
BankThink
JULY 28, 2017
The New Jersey company reported lower quarterly profit that included professional fees tied to addressing an informal order from regulators. Community banking Earnings AML New Jersey
BankThink
MARCH 2, 2018
The New Jersey bank did not say exactly what the problem was, but it is beefing up how allegations of financial-reporting violations are reported to upper management. Accounting Corporate governance Internal controls Compliance New Jersey
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