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Edison Partners invests $15M in K1x
The Chicago-based company offers automated solutions for the Schedule K-1 tax form.
Wells Fargo introduces emerging middle market offering to Metro NY/NJ area
In New Jersey, the division will be led by John DeSclafani, while in New York City Alicia Iskhakova will head the segment, which serves businesses in the $10 million to $75 million range.
Cybersecurity, inflation top concerns in CEO survey
Heading into the new year, the latest results from Marcum LLP and Hofstra University’s Frank G. Zarb School of Business find a majority of leaders say their companies are not fully prepared for tech threats, with a growing number unable to absorb increasing costs.
First Bank to acquire Malvern in $149.5M deal
The merger agreement will help the Hamilton-based buyer expand its footprint to 27 branches and assets of approximately $3.68 billion.
Poll: Inflation stole holiday profits from small businesses
While revenues and sales for larger operations have hit record highs, Goldman Sachs' 10,000 Small Businesses Voices finds that more than half of those owners have not met profitability expectations.
Cross River Bank caught in PPP lending report crosshairs
“[W]e were there for the SBA when they needed us to help provide loans to the smallest small businesses across the country,” Senior Vice President of Public Affairs Phil Goldfeder told NJBIZ. “And we’re asking them now just to operate in good faith and work with us to resolve any outstanding issues.”
Mars’ Dove Chocolate kicks off grant program for female entrepreneurs
The Mars Wrigley brand is offering the opportunity to win one of three $10,000 awards, as well as assistance with business promotion.
World Insurance Associates adds trucking specialists to team
The Iselin-based buyer said family-owned Future Insurance Group of Schererville, Ind., serves the transportation industry.
Presenting the 2022 Companies to Watch (slideshow) (updated)
These businesses are worth paying attention to because they are doing more than the ordinary. They may be small, focused firms or global giants. They may be recently founded or able to trace their roots back more than a century. The common thread is that they are uncommonly successful. Or growing quickly. Or conducting business in a way that improves the lives of a wide range of stakeholders.
Kearny Bank announces wholesale restructuring, efficiency efforts
The financial institution says it's looking to trim expenses by an annualized rate of 5% to 10%, which it will achieve through optimizing and reducing vendor spend, automating or outsourcing "routine activities," and a realignment of the Fairfield-based company's workforce.
Study: More Americans plan to ‘live sensibly’ in 2023
As 2022 draws to a close, many people are making a different kind of resolution this year: a financial one.
Unity Bank opens full-service Lakewood branch, plans for Bergen County location
The move extends the community financial institution's reach into Ocean County, while it also sets the stage for next month's northern expansion.
