Maureen Cornicelli, a resident of nearby Park Ridge, will be the new location's branch manager. She boasts a 35-year resume in retail banking, most recently as a branch manager with Columbia Bank.
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Money
World Insurance clinches 3 more acquisitions
The latest targets for the acquisitive Tinton Falls-based insurance brokerage were Westfield's True & Associates; J.W. Edens & Co. of Titusville, Fla.; and Two Rivers Insurance Co. Inc. of Burlington Iowa.
Read More »Green projections
Gov. Phil Murphy is expected to sign the New Jersey Cannabis Regulatory, Enforcement Assistance and Marketplace Modernization Act during the week of Jan. 11, but industry representatives believe adult use sales are months away. Timeline projections vary. If the yet-to-be-fully-seated Cannabis Regulatory Commission makes quick work of establishing the regulations by the end of the third quarter, some aspects of business can be up and running in the fourth quarter, said New Jersey CannaBusiness Association President Edmund DeVeaux. Rules must be drafted and then are subject to a period of public comment before being promulgated.
Read More »PPP portal to reopen Jan. 11
The program served as an economic lifeline to millions of small businesses and their employees when they needed it most.
Read More »Columbia Bank appoints head of commercial banking
Oliver Lewis will be responsible for the Commercial Banking Division consisting of the Fair Lawn-based bank’s Commercial & Industrial, SBA, Middle Market, Commercial Real Estate and Construction lending activities, Treasury Management Sales and the Business Development Department.
Read More »SBA extends COVID-19 EIDL application deadline through Dec. 31, 2021
The extension comes as a result of the federal relief bill signed by the president on Dec. 27. To date, the SBA has approved $197 billion in low-interest loans.
Read More »Rolling with change
Bankers, like many other businesspeople, value certainty. When interest rates, loan demand, and the overall economy are relatively predictable, they have a good idea what’s ahead and can plan accordingly. Of course when a year like 2020 comes along, when a global health crisis that sparked multiple economic and societal disruptions, you can kiss certainty goodbye.
Read More »Unity Bank donates $34,200 to food pantries in NJ and Lehigh Valley
Bergen, Hunterdon, Middlesex, Somerset, Union and Warren Counties in the Garden State and Northampton County, Penn. Food Banks receive support.
Read More »Two Red Bank broker-dealers assessed with $1M+ in civil penalties
The agents participated in an excessive trading scheme to defraud customers which resulted in having their registrations revoked in connection with pervasive illegal activities.
Read More »World Insurance Associates scoops up Massachusetts agency
The deal for R.S. Gilmore Insurance Agency Inc. marks the acquisitive Tinton Falls-based buyer's first foray into Massachusetts.
Read More »NJBIZ Conversations: Ira Robbins
The Valley Bank CEO describes the days and late nights he and his staff put in to help businesses stay afloat during the pandemic and explains why he's optimistic about the future.
Read More »PSEG, PSEG Foundation donate $1.5M to NJ, Long Island Charities
The nonprofit organizations receiving these surprise year-end contributions address needs that have been exacerbated by the pandemic, such as food insecurity, unemployment, mental and physical health, and poverty.
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