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Money

Stahlin joins Northfield Bank board as director

Paul Stahlin has been appointed as a director for both Northfield Bancorp Inc. and Northfield Bank, the bank announced Tuesday. Stahlin previously served as regional president for Fulton Bank of New Jersey, president of Skylands Community Bank, and president and CEO of Somerset Valley Bank. “We welcome Paul Stahlin to the Board, an individual with ...

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Sax ups management team by four

On Wednesday Sax LLP announced the addition of five partners to its management team, which now features a total of 32 partners. Megan Sartor, Jason Borofsky, William Happe Jr., Melissa O’Shea, of the company’s New Jersey offices, and Stephen Ehrenberg promotions are effective Jan. 1. Sartor will now lead Sax’s Valuation, Forensic and Litigation Practice ...

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WilkinGuttenplan names three principals

Wilkin & Guttenplan PC has added Daniel Fiorentino, Thomas Hasard and Lauren Landolfi as principals at the East Brunswick-based public accounting firm. The promotions announced Wednesday by WilkinGuttenplan were effective Jan. 1. Fiorentino joined the firm in 2006. His main focus area is health care with specialty in providing tax compliance and planning, succession planning, ...

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2019 Forecast Issue Banking (access required)

The stock market’s been on a roller coaster recently — thanks to a host of political and other issues — but inquiring minds want to know what’s ahead for the broader economy in 2019. Will it grow slowly, fast, or stall out? After flatlining for years, will interest rates continue to creep up, or will they leap ahead? And what does this all mean for business and individual borrowers? We asked bankers to unlock their knowledge vaults and share their thoughts about the New Year.

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Captive audience Self-insurance strategy can be beneficial to well-managed companies

When an automobile dealer wanted to reduce its property and casualty insurance premiums, consultant Sheila Small advised the business about the ins and outs of setting up a captive insurance company, a kind of self-insurance strategy. The dealer wasn’t based in New Jersey, which isn’t very surprising since the state — which has been open to captives since early 2011 — was home to only about 23 captive insurers, according to an industry study released in March, a fraction of the number in states like Vermont, Utah and Delaware, which host 556, 414, and 381, respectively. That could change, however, under Gov. Phil Murphy’s administration.

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