new jersey

Weak fee income, higher costs reduce Valley National's 4Q profit

01/25/18

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

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N.J., Michigan lawmakers introduce bills to create state-owned banks

01/24/18

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

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Data security takes center stage as state legislatures convene

01/11/18

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.

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Midland States in Ill. revamps equipment finance unit

01/09/18

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

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N.J.'s nominee for banking commissioner supports public bank

12/21/17

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.

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Investors Bancorp in N.J. to cut roughly 100 jobs, close six branches

12/07/17

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

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N.J. mutual plans to raise millions with partial conversion

12/07/17

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

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Public banking: The other winner in 2017 elections

11/13/17

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.

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Longtime Valley National CEO to retire at end of year

11/02/17

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

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Kearny Financial deepens N.J. ties with Clifton acquisition

11/02/17

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

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