News Topic: new jersey

Thomas O’Brien made a series of aggressive cuts at Sun Bancorp in New jersey before orchestrating its sale to OceanFirst. ... Read full article

Despite the increase in loan demand, the New Jersey company swung to a loss in the quarter as it devalued its deferred tax asset. ... Read full article

The new tax law also resulted in more than $22 million of charges at the New Jersey-based bank. ... Read full article

Both proposals aim to establish institutions that would be modeled after Bank of North Dakota, the nation's only public bank. ... Read full article

If Congress doesn’t take the lead on better protecting consumers from data breaches, states are more than ready to offer their own fixes. Bankers will also be keeping close tabs on bills related to marijuana, PACE loans and elder financial abuse. ... Read full article

The company tapped a new president for the business, which it will also rebrand, after hiring a team from Scottrade Bank in Missouri. ... Read full article

Though Marlene Caride has no direct experience in the banking industry, she could play a key role in carrying out Governor-elect Phil Murphy’s pledge to create a public bank in the Garden State. ... Read full article

The company has been working to address an informal agreement with regulators tied to Bank Secrecy Act compliance. ... Read full article

Columbia Financial will sell about 43% of its stock in a public offering that could raise up to $493 million. ... Read full article

The election of Democrat Phil Murphy as New Jersey's next governor is being hailed as a victory for advocates of state-owned banks. But challenges remain — namely, stubborn opposition from mainstream banks. ... Read full article

Gerald Lipkin has been the New Jersey company's CEO since 1989. Ira Robbins, president of Valley National's bank, will succeed Lipkin. ... Read full article

Kearny agreed to pay $408 million for Clifton Bancorp in a deal that will add 12 branches in northern New Jersey. ... Read full article

Investors Bancorp in Short Hills, N.J., chased deposits in the third quarter in a move that drove up interest expenses and lowered profits. ... Read full article

The New Jersey company reported lower third-quarter profit that included severance costs from a two-year program to boost its bottom line. ... Read full article

First Bank will enter a new market and gain access to low-cost deposits after it completes the acquisition. ... Read full article

The New Jersey company has agreed to acquire Quadrant Capital to expand in its home state. The company recently bought Murphy Capital. ... Read full article

The company, which has faced pressure to sell from an activist investor, had been operating with an interim leader since December. ... Read full article

An ex-banker running for governor has proposed the idea. It's a political perennial, but industry officials are nonetheless raising concerns. ... Read full article