new jersey

Delmar to enter Philadelphia with purchase of oft-maligned bank


Delmar will buy Liberty Bell Bank in New Jersey, which had survived a debilitating six-year battle for control with a former CEO. Liberty Bell also suffered from corporate theft and a check-kiting scandal.


Northfield in N.J. picks successor for retiring CEO


Steven Klein, the company's president, will become its CEO in early November.


Struggling Indian-American bank finds a buyer


BCB Bancorp will pay $20 million for Indus American Bank, a New Jersey institution that focuses on the South Asian-American business community. Indus American lost a total of $2.5 million in 2015 and 2016.


Peapack-Gladstone to buy asset manager in its backyard


Murphy Capital Management in Gladstone, N.J., focuses on high-net-worth individuals, businesses and nonprofits.


With dry powder and limited options, Investors makes big push in C&I


The former New Jersey mutual is stepping up efforts to court bigger commercial clients. The move will help Investors diversify its loan book and deploy capital while it is barred from buying banks.


Higher expenses soften gains at Investors Bancorp


The New Jersey company's profit growth was constrained by an 11% increase in compensation and benefits and an 85% jump in consulting fees tied to compliance and other issues.


CRE expansion pays off at Valley National


Growth in commercial real estate loans is a big reason the New Jersey bank had a strong quarter.


Delanco Bancorp in N.J. reaches truce with activist investor


The company appointed a representative of Stilwell Group to its board. Stilwell, meanwhile, agreed to back Delanco's board nominees and refrain from pushing for the company's sale.


Investors Bancorp agrees to give board seat to big shareholder


The New Jersey company added a representative of Blue Harbour Group in Connecticut to its board.


WL Ross lines up next Sun Bancorp director


James Lockhart is set to join the New Jersey company's board. He will replace Wilbur Ross, who had to resign after becoming Commerce secretary.