A nonprofit’s endowment is the financial bedrock of the organization, making it a critical tool in building long-term stability and essential in easing operational ups and downs.
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Money
TD Bank names officer for SBA lending
Kerrin Yannotta has been named vice president, Business Development Officer for SBA Commercial Lending for TD Bank.
Read More »Valley announces sale-leasebacks, cuts to 60 corporate jobs
The bank is expecting the net financial impacts from both actions to modestly increase its earnings per share over the first full-year, excluding severance charges.
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Columbia Bank announces new branch operations manager
In her new role, Margot Watson will be responsible for branch policy and procedures, as well as maintaining compliance throughout the bank’s branch network.
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Investors Bank reports $2.48B total CRE loan volume for 2018
The loans were used to refinance existing commercial mortgages, acquire properties and construct new buildings in New Jersey, New York and Pennsylvania, the Short Hills-based institution said.
Read More »Prager Metis grows into new space in Hackensack
Prager Metis CPAs’ Hackensack team has moved to a new office with plans to welcome additional partners and staff members to the larger, newly renovated space.
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Columbia adds Clements to retail leadership role
Matthew Clements will develop sales practices for the Fair Lawn-based bank’s retail branch network, design programs to increase productivity and facilitate new product development.
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Moody’s upgrades Newark’s bond ratings
Credit ratings agency Moody's has upgraded the municipality of Newark’s bond ratings from a Baa1 positive outlook to a Baa2 positive outlook.
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Open for business: With shutdown over, SBA in NJ approves 116 loans
Following the conclusion of the partial federal government shutdown, last week the U.S. Small Business Administration approved 116 loans for $40 million in the Garden State.
Read More »Valley announces transition of CFO Eskow
Eskow will continue in his capacity as CFO for Wayne-based Valley National Bancorp and Valley National Bank until a successor is named. Once the company concludes the search for a new CFO, Eskow will remain at Valley as an executive officer and senior executive vice president.
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Montvale CPA firm merges with Prager Metis
Beck, Villata & Co. PC, a CPA firm with locations in Montvale and Miami Lakes, Fla., has merged with Prager Metis CPAs.
Read More »The Bank of Princeton to acquire Beneficial branches for $2.66M
The Bank of Princeton will acquire five branches in Bordentown, Browns Mills, Chesterfield, Deptford and Sicklerville from Beneficial Bank for $2.66 million, the companies announced Monday, subject to regulatory approval and certain other conditions.
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