new jersey

New Jersey bank hit with consent order tied to BSA compliance


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


Servicers of private student loans offer relief to borrowers


More than a dozen firms have struck agreements with nine states to provide forbearance to customers struggling to make payments in the midst of the coronavirus pandemic.


OceanFirst in N.J. gives early glimpse into coronavirus exposure


The company is one of the first to share information on impacted clients, forbearance requests and emergency loan applications.


Provident in N.J. to surpass $10B in assets with SB One acquisition


The company will enter an affluent New Jersey county and a key New York market with the $209 million deal.


PNC ordered to pay ex-employee $2.4M in sexual harassment case


A New Jersey jury has put banks and other businesses on notice about their liability for incidents involving clients who mistreat employees in the workplace.


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


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


11 bankers and disruptors to watch in 2020


Can Charlie Scharf fix what ails Wells Fargo? How will Kelly King and Bill Rogers manage the integration of the biggest bank merger since the early 2000s? And will New Jersey Gov. Phil Murphy be able to beat back opposition from the banking industry and make good on his promise to create a state-owned bank? Here are 11 leaders to keep an eye on in 2020.


Northfield adding Staten Island branches with VSB purchase


The New Jersey company will pay $63 million for the parent of Victory State Bank.


Industrial evolution: Black-owned D.C. bank set to expand in New York


Industrial Bank CEO Doyle Mitchell has spent countless hours in New York since his bank bought the failed City National in November, meeting with existing customers and plotting his growth plans.


Kearny expanding in northern New Jersey with MSB purchase


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