In August, ConnectOne Bank (about 29 branches in New York and New Jersey) announced an agreement to buy Bank of New Jersey (9 branches, all in New Jersey). Driven by high regulatory costs, smaller banks in the state are increasingly getting scooped up by larger institutions. What will this mean for business borrowers? “I worry ...
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For about a decade, interest rates in the U.S. have been in a sweet spot for borrowers. The tame environment has been refreshing for many baby-boomers, who can remember the horror of double-digit interest rates, but the threat now could come from the opposite direction: with a stalling economy despite federal fund rates that are ...
Read More »Patrons wagered over $293 million in New Jersey’s sportsbooks in August, helping mark a 13 percent increase in casino profits compared to August 2018 when the state first rolled out mobile and online sports betting. Data released Thursday by the state’s Division of Gaming Enforcement showed that the nine casinos brought home $338.8 million last ...
Read More »Wells Fargo is partnering with the cities of Newark, Orange and Irvington, as well as non-profits NeighborWorks America and New Jersey Community Capital in the 75th LIFT program, designed to boost homeownership. This fall, with a $5 million philanthropic commitment by Wells Fargo, the NeighborhoodLIFT program will create more than 180 Essex County homeowners by ...
Read More »The state’s Economic Development Authority opened up applications for funding from a newly created $15 million program aimed at helping banks prop up local businesses. Under the Community Development Financial Institution program, the EDA will provide the funds to local banks, credit unions and other financial institutions so that they can provide financing for small ...
Read More »The Statewide Hispanic Chamber of Commerce of NJ (SHCCNJ) received a $100,000 grant from the Wells Fargo Foundation for its new Latina Entrepreneurship Training Series (LETS) program. The grant will be used toward bilingual business development and educational programs to be launched in 2020 particularly tailored to the needs of female Hispanic business owners. This ...
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The Princeton-based venture fund is investing in Gambling.com Group Plc, a company which focuses on the lucrative online gambling and sports betting market.
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The former-Holman Frenia Allison Certified Public Accountants and Advisors, HFA has offices in Toms River, Medford, Freehold and Red Bank.
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From chief financial officers to directors of finance and treasurers, these professionals take a dollar and “sense” approach to all that they do.
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The financial institution provided $4.95 million in financing for the development of Saddle Brook Senior Housing, which was completed by the Housing Development Corp.
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Karthik Sridharan will serve as chief information officer and executive vice president for the Toms River-based financial institution.
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The digital trading technology company named Ryan Burke to the role of chief information officer and Andrew Levine as its first chief integration officer for subsidiary DriveWealth Technologies.
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