News Topic: new jersey
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Lakeland Bancorp to acquire a New Jersey competitor
NCUA liquidates Defense Logistics Federal Credit Union
New Jersey group receives first federal credit union charter of 2021
Financial Resources FCU completes succession plan
The Bridgewater, N.J.-based credit union promoted Frank Almeida to president and CEO, the final step in process it began when he was hired in 2014. ... Read full article
Visions FCU donates to help launch racial justice institute
The credit union announced a $1 million commitment to the New Jersey Education Association spread over 10 years, with the first installment helping expand the group’s Human and Civil Rights Division. ... Read full article
New Jersey, Pa. credit union foundations to merge
Last year, the Pennsylvania Credit Union Association and the New Jersey Credit Union League merged to form the CrossState Credit Union Association, and now the foundations of the two groups are combining. ... Read full article
North Jersey Federal Credit Union names new CEO
Anna Lo, a former NCUA examiner who previously led Pacific Transportation FCU, will take the helm next month, following the retirement of longtime CEO Lourdes Cortez. ... Read full article
Spencer Savings in N.J. taps insider as next president
Jane Allerman-Rey, the mutual's chief operating officer, will take on the new role in January. ... Read full article
First Atlantic names new CEO as longtime chief retires
Ann Goldinak will take the helm of the New Jersey-based credit union when John Culp retires in December. ... Read full article
Bogota Financial to acquire Gibraltar Bank
The New Jersey company will add three branches in the northern part of the state as part of the transaction. ... Read full article
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. ... Read full article
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. ... Read full article
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. ... Read full article
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. ... Read full article
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. ... Read full article
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. ... Read full article
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 ... Read full article
Northfield adding Staten Island branches with VSB purchase
The New Jersey company will pay $63 million for the parent of Victory State Bank. ... Read full article
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. ... Read full article
