This year's leaders will guide the organization as it implements its mission to represent the interests of its 72 member banks and 172 service providers before state and federal government and regulatory authorities.

The 25-year-old accounting and advisory firm made the move based on its growth and wanted space that could provide ample room for its employees, as well as serve as a central location for in-house conferences and future events.

The Tinton Falls-based firm said the deal will expand its business in the Topeka, Kan. area.

The $35 million is the second round of backing for the Austin-based supply chain technology company from the Princeton-based growth equity investment firm. In 2020, the company announced a $17.5 million Series A growth equity investment which laid the groundwork to triple its success from the previous year, despite the pandemic.

Demonstrating its continued commitment to combating racial inequities and providing opportunity in underserved communities, $25 million will focus on Black- and Latinx-owned businesses, hard hit during the COVID-19 pandemic.

The money will be used to support revitalization plans for distressed neighborhoods.

Molly Basehore, Linda Brookes Green, Tina Lane and Lindsey Ann Groves - who have all been with the financial institution a number of years - are taking on new roles.

Harry Wills III replaces immediate past president Alan Sobel, managing member of the firm at SobelCo LLC. He plans to focus his presidency on initiatives to assist accounting students, young professionals looking to become CPAs and accountants advancing toward leadership positions.

Neil Viotto will be responsible for both residential and consumer lending, management of the loan origination team, and new business development and underwriting.

This is the first investment from a Fortune 500 financial institution as the New Jersey '40 Acres and a Mule' Fund rapidly expands to now include eight cities: Newark, Orange, East Orange, Paterson, Camden, Trenton, Irvington, Bridgeton and Atlantic City.

The average loan size was $311,355, with more than 52% of approvals for loans less than $100,000. Approximately 52% were loaned to businesses with 10 or fewer employees, 87% employ fewer than 50 people and 94% went to companies with 100 or fewer people.

Nina Kelleher was named team leader for this new opportunity for the firm to grow its practice while providing innovative solutions to its clients.