NJ Transit Upgrades Reduce Cash, Paper Ticket Usage

PYMNTS

NJ TRANSIT Executive Director Kevin Corbett said , “Improving the customer experience has been at the top of my priority list. NJ TRANSIT is a state-owned public transportation system that serves New Jersey, along with portions of New York State and Pennsylvania. of Somerset, New Jersey that will enable the transportation system to accept mobile payments, open contactless bank cards and a NJ Transit fare card.

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NJ Launches First Mobile App For Lottery Tickets

PYMNTS

To give players an easy way to order official state lottery tickets, Jackpocket today announced the public rollout of its lottery app in the Garden State.

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NJ Lawmakers: Brick-And-Mortars Must Accept Cash

PYMNTS

According to Chain Store Age , the legislation requiring all brick-and-mortar retailers to accept cash was unanimously approved by the N.J. The eCommerce giant operates a cashless Amazon Books store at Garden State Plaza, a mall in Paramus, N.J.

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Report: 80 Pct. Of NJ Gamblers Place Wagers Online

PYMNTS

Mobile sports betting is quickly growing to a point where New Jersey is close to topping Las Vegas as the country’s biggest market, The Wall Street Journal reported Monday (Sept. The Supreme Court ruled that states can establish their own betting system, but not across state lines.

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NJ: Uber Owes $650M In Taxes After Misclassifying Drivers

PYMNTS

New Jersey’s Department of Labor and Workforce Development claims that Uber owes the state around $650 million in unemployment and disability insurance taxes because it has been wrongly classifying its drivers as independent contractors. The department recently sent letters to Uber and its subsidiary Rasier, informing the companies that they owe $523 million in past-due taxes over the last four years, as well as $119 million in interest and penalties on the money owed. “We

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PRSA NJ Panel on Brand Storytelling and Content Marketing [PODCAST]

Bank Innovation

Justin Gianninoto, director of digital strategy, presented at PRSA NJ’s “Brand Storytelling & Content Marketing” seminar to discuss how to get results for your company or organization with great storytelling. The post PRSA NJ Panel on Brand Storytelling and Content Marketing [PODCAST] appeared first on Stern Strategy Group.

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

American Banker

breaking_news community-banking dealmaking-strategy nj bank-technologyA small New Jersey bank that is a so-called rent-a-charter partner of more than a dozen marketplace lenders has raised millions of dollars from some household names in the venture capital world.

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N.J. Bank Leans on Its Co-Founders 20 Years Later

American Banker

Shore Community Bank in Toms River, N.J., breaking_news people nj corporate-governance community-bankinghas called on some old friends to lead the board of directors.

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Valley National in N.J. Names Consumer Banking Chief

American Banker

Valley National Bancorp in Wayne, N.J., breaking_news people womenin-banking nj recruitment community-bankinghas promoted Dianne Grenz to become its chief consumer banking officer.

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Unity Bancorp in N.J. Authorizes Selling $15M in Stock

American Banker

Unity Bancorp in Clinton, N.J., breaking_news dealmaking-strategy nj community-bankinghas a deal in place to sell $15 million in common stock over time.

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Lakeland in N.J. to Sell $50M in Stock Over Time

American Banker

Lakeland Bancorp in Oak Ridge, N.J., breaking_news nj dealmaking-strategy community-bankinghas filed the paperwork to sell up to $50 million shares of common stock.

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Valley National in N.J. Taps New President

American Banker

Valley National Bancorp in Wayne, N.J., breaking_news people corporate-governance nj national-regionalhas a new president.

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Sun of N.J. Taps Director to Serve as Nonexecutive Chairman

American Banker

Sun Bancorp in Mount Laurel, N.J., people breaking_news corporate-governance nj community-bankingthe $2.1 billion-asset parent of Sun National Bank, said independent director Anthony Coscia will serve as chairman of both starting Dec.

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OceanFirst to Buy Ocean Shore Holding in N.J.

American Banker

OceanFirst Financial in Toms River, N.J., has agreed to buy Ocean Shore Holding in Ocean City, N.J. breaking_news community-banking m-a nj dealmaking-strategy

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NJ Malls Contend With American Dream’s Opening

PYMNTS

After serving as destinations for Big Apple shoppers for at least 50 years, northern New Jersey’s malls are aiming to find ways to differentiate themselves as a new retail neighbor arrives. The American Dream retail and amusement complex is expected to open on Oct. 25 following 15 years of multiple developers and false starts, Bloomberg reported.

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Completing the Handoff at OceanFirst in N.J.

American Banker

breaking_news people succession-planning nj community-bankingJohn Garbarino will step aside as chairman of the $4.2 billion-asset company on Dec. 31, but he will turn over the job to a familiar face — Christopher Maher, who will remain president and chief executive, also.

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Retail Pulse: Zola Opens NYC Store; Kleinfeld Shop ‘Pops Up’ In NJ

PYMNTS

Digitally native retailers are opening stores to bring their virtual experiences into the real world, and Zola is one of the latest merchants to test out the brick-and-mortar waters.

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First Bank in N.J. Raises Cash After Nearby Bank Sells

American Banker

First Bank in Hamilton, N.J., breaking_news dealmaking-strategy capital nj community-bankinghas raised $13.7 million by selling common stock.

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Lower Fees Offset Loan Growth at Provident in N.J.

American Banker

Provident Financial Services in Iselin, N.J., breaking_news earnings-community-banks performance nj community-bankingreported relatively flat quarterly results due on as lower fees offset loan growth.

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Highlands in N.J. Bids Adieu to SBLF Program

American Banker

Highlands Bancorp in Vernon, N.J., breaking_news small-business compliance nj community-bankinghas raised $7.5 million to exit the Small Business Lending Fund.

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FanDuel Suffers $5M Loss In NJ On Inaugural Legal Super Bowl Wagers

PYMNTS

FanDuel, a daily fantasy sports provider and bet taker site, said it lost $5 million on the Super Bowl on Sunday after taking some of New Jersey’s first legal sports bets, according to a report in Bloomberg.

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Unity Bancorp in N.J. Registers $50M in Securities for Future Sale

American Banker

Unity Bancorp in Clinton, N.J., breaking_news dealmaking-strategy capital strategic-alternatives nj community-bankinghas registered to sell up to $50 million in securities over time.

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Highlands in N.J. Raises $8.5M to Aid Organic Growth

American Banker

Highlands Bancorp in Vernon, N.J., breaking_news dealmaking-strategy capital strategic-alternatives nj community-bankinghas raised $8.5 million through a sale of common stock.

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Marlin in N.J. Adds Voltage to JVCKenwood's Customer Financing

American Banker

Laurel, N.J., breaking_news commercial-lending nj community-bankingMarlin Business Services in Mt. has partnered with electronics manufacturer JVCKenwood USA to provide financing plans for its customers.

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Investors Bancorp in N.J. Discloses Informal Agreement for BSA, AML

American Banker

Investors Bancorp in Short Hills, N.J., breaking_news community-banking aml nj compliance enforcement dealmaking-strategyhas joined the ranks of banks flagged by regulators for Bank Secrecy Act issues.

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OceanFirst in N.J. Issues $35M in Subordinated Debt

American Banker

breaking_news dealmaking-strategy capital strategic-alternatives nj community-bankingThe $4 billion-asset company said in a press release Friday that the notes will bear an initial fixed interest rate at 5.1%. The debt will mature in 2026.

NJ 68

Fed Backs Seidman’s Request for Big Stake in MSB Financial in N.J.

American Banker

A New Jersey investor has received approval from the Federal Reserve to significantly boost its stake in MSB Financial in Millington, N.J. breaking_news community-banking nj dealmaking-strategy

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Lincoln Park Savings in N.J. Renamed

American Banker

nj strategic-alternatives community-bankingLincoln Park Savings Bank in New Jersey is now Lincoln 1st Bank.

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Valley National in N.J. Raising Capital to Fund Loan Growth

American Banker

breaking_news dealmaking-strategy national-regional capital strategic-alternatives nj community-bankingThe $22 billion-asset company said in a press release Thursday that it is looking to sell 8.4 million shares of common stock, though it could sell another 840,000 shares if there is enough demand.

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Lakeland Bancorp in N.J. Names New CFO, COO

American Banker

Lakeland Bancorp in Oak Ridge, N.J., succession-planning people nj community-bankinghas named a new chief financial officer and chief operating officer as two other executives plan to retire.

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Clifton in N.J. Hires Rival's Former CEO as Operating Chief

American Banker

Clifton Bancorp in Clifton, N.J., people recruitment nj community-bankingsaid Friday that it has hired the former chief executive of a nearby rival as chief operating officer.

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ConnectOne in N.J. Becomes Latest Bank to Exit SBLF Program

American Banker

ConnectOne Bancorp in Englewood Cliffs, N.J., breaking_news nj community-banking capital dealmaking-strategyhas exited the Small Business Lending Fund program.

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Unity Bancorp in N.J. Gets a New Landlord — Itself

American Banker

Unity Bancorp in Clinton, N.J., breaking_news community-banking cre nj dealmaking-strategyhas bought its corporate headquarters building for $4.12 million.

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N.J. Bank's New CEO Shares Growth Plan

American Banker

dealmaking-strategy nj m-a capital people breaking_news community-bankingGet out of the red six months from now. That is Fred Viaud's goal for Glen Rock Savings Bank in New Jersey, which on Tuesday said he would be promoted to president and CEO next week.

NJ 48

Cost Control Helps Sun Bancorp in N.J. Post Higher Profit

American Banker

breaking_news nj earnings-community-banks performance community-bankingThe $2.1 billion-asset company said in a press release Tuesday that its second-quarter earnings rose 4.7% from a year earlier to $3 million, or 16 cents a share.

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OceanFirst in N.J. Scores Naming Rights Deal with Monmouth

American Banker

OceanFirst Bank in Toms River, N.J., dealmaking-strategy nj sailthru-no-lead community-bankingnow has extra reason to cheer for the Monmouth University men’s basketball team that was in the running for an NCAA tournament berth last season.

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Valley National in N.J. Starts Search for Chief Operating Officer

American Banker

breaking_news people corporate-governance nj national-regionalValley National Bancorp in Wayne, N.J, is searching for a new chief operating officer. The $22 billion-asset company said in a press release Wednesday that Peter Crocitto will retire on Feb.

NJ 52

Peapack-Gladstone in N.J. Joins List of Small Banks Raising Capital

American Banker

Peapack-Gladstone Financial in Bedminster, N.J., community-banking capital strategic-alternatives nj breaking_news dealmaking-strategyhas filed a shelf registration statement to sell as much as $100 million in securities.

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Pro-cash laws gathering momentum in N.J., Philadelphia

Payments Source

The 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. Retailers Compliance Digital payments Cash New Jersey Pennsylvania

DraftKings adds PayPal to N.J. sportsbook site

Payments Source

DraftKings has added PayPal as a payment option to its New Jersey Sportsbook, following similar moves from rivals FanDuel Sportsbook, Caesers Sportsbook and SugarHouse Sportsbook. Online payments Compliance PayPal

NJ 40

Harmony Bank in N.J. Exits SBLF Program

American Banker

Harmony Bank in Jackson, N.J., has exited the Small Business Lending Fund. The $ 295 million-asset company said in a press release Tuesday that it paid about $3.5 million to redeem roughly 3,500 shares of preferred stock. breaking_news performance small-business community-banking

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Credit reporting trade association seeks injunction to block NJ law requiring credit reports to be made available in multiple languages

CFPB Monitor

Filed in New Jersey federal district court, CDIA’s complaint alleges that the NJ requirement to make credit file disclosures available in multiple languages is preempted by federal law and violates the First Amendment of the U.S.

N.J. Bank's Directors Resign in Protest Over Board Changes

American Banker

Two directors have resigned at 1st Constitution Bancorp as part of a dispute over changes to the Cranbury, N.J., company's board structure. people dealmaking-strategy activist-investors corporate-governance breaking_news community-banking

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