new jersey

Brand ambition: When a bank outgrows its name


It might make sense to scrap a decades-old name, especially for banks with aggressive growth plans.


Small N.J. bank hires a big-bank executive as its president


Boiling Springs Savings Bank said James Nesci, formerly of TD Bank, will manage its operations and create a strategic plan.


New name suggests regional focus for growing N.J. bank


Sussex Bank, which recently completed its first whole-bank acquisition, is rebranding itself as SB One Bank.


What’s driving the push for more public banks?


Only North Dakota has its own state-owned bank, but policymakers in other states say more public banks are necessary to fully meet society's needs. Among those who proponents say would benefit the most: small-business owners and legal marijuana suppliers and distributors.


Equipment finance surge shows no signs of letup


As tax reform spurs demand, a rising rate environment is making the short-term loans more appealing to banks.


Weakness in internal controls surfaces at Valley National


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.


Oritani in N.J. hit with informal agreement to improve BSA compliance


The company must develop and implement a system of internal controls to ensure full BSA and anti-money laundering compliance, among other things.


Investors Bancorp in N.J. forms equipment finance group


Investors, a former serial acquirer that has been sidelined by an informal order tied to Bank Secrecy Act compliance, has hired an executive from EverBank.


There's always another job for a turnaround specialist


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


C&I, multifamily drive 4Q loan growth at Investors Bancorp


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