John Fitzgerald, the president and CEO of Magyar Bank, will serve as first vice chairman and Christopher Maher, chairman, president and CEO of OceanFirst Bank, will be second vice chairman.

The Wayne-based institution was one of 50 to make the S&P Global Intelligence list.

The deal would create a combined company with approximately $7.37 billion in assets.

Community Development Financial Institutions work in low-income communities to expand economic opportunity by providing access to financial products and services for local residents and businesses.

The Montclair-based firm is also eligible to receive up to approximately $87 million in potential future payments.

The institutions entered a definitive merger agreement valued at more than $94 million in December.

The Short Hills-based community bank expanded its team serving small- and mid-size enterprises with leaders for Central and South Jersey and New York.

The Garden State company making the biggest gains this year? That'd be Burlington Stores, which jumped 27 spots.

The financial institutions are each partnering with ZSuite Technologies to offer digital security deposit account management and automatic rent and condo fee payment solutions.

The global company, with an office in Short Hills, is providing flexible five-step framework tailored to the nature of the client’s business.

A survey of Garden State businesses revealed a variety of experiences with the federal relief program.

Organizations are incurring costs in providing help to their members seeking relief and, in turn, need financial support from big companies.