Founded in 1991 by Bob and Karen Cotten, Cotten Coverage Insurance Agency of Farmingdale, N.Y., provides property and casualty personal lines products and services as well as commercial lines products and services.

“We believe B2B payments and accounts receivable continue to be ripe for massive disruption and innovation, and our partnership with EQT will provide us with greater resources and flexibility to build on our leadership position,” Founder and CEO Flint Lane said in a statement.

“We are excited to announce this transformational combination of two amazing organizations," Provident CEO and President Anthony Labozzetta said in a prepared statement. "The scale and profitability of the combined organization will enable us to invest in the future, better compete for market share, and better serve our customers and communities."

Following a change in leadership at the institution, investor groups are voicing concerns about the terms of interim CEO Harry Madonna's financial compensation, which they say incentivizes a sale, and the slow roll-out of a strategic review process. Meanwhile, former leader Vernon Hill and an ally filed a lawsuit against the bank, as well as Madonna and other board members, claiming defamation, false light and breach of contract.

Several firms in New Jersey and one in New York are collecting non-perishable items and monetary gifts for the New Jersey Society of Certified Public Accountants’ 13th annual food drive.

A U.S. Department of Labor investigation determined the couple violated its fiduciary duties, in particular finding they overinvested in Metro Bank and Republic First Bank – two financial institutions that were headed by Vernon Hill – while failing to sell shares even as prices for each institution fell.

According to President Joe Biden, the recently passed Inflation Reduction Act will, among other accomplishments, “finally ask the largest corporations to pay their fair share [of taxes].” Some organizations say manufacturers are already getting the shaft when it comes to taxes — and the IRA will only make it worse. Experts who spoke with NJBIZ, however, say the situation may be more nuanced.

When the state recently announced the move to $14.13 per hour for most employees, effective Jan. 1, 2023, it was not a shock, but it did add to an ever-more challenging economic climate.

The Cherry Hill-based financial institute will continue to be the exclusive issuer of the retailer's co-branded and private label consumer cards through 2030. 

The Jersey City-based bank said Damiano Tulipani will oversee and manage information and cybersecurity policies, procedures and practices.

Wendy White brings more than 30 years of insurance industry experience to the role, with a background in sales, service management, operations, acquisitions and office leadership.

A 25-year industry veteran, Kevin Barry most recently served in the same role at CAPTRUST, where he oversaw more than $60 billion in discretionary assets under management for individual and institutional level clients.