The products allow the institution to deepen its commitment to supporting small and middle-market businesses and their needs.

The transaction includes the assumption and acquisition of approximately $630 million of deposits and approximately $220 million of consumer and commercial loans, together with the related operations.

Richard Barnett will be responsible for the underwriting, strategy and product management of construction surety products and services offered through the Whitehouse Station insurance company's global large accounts segment.

With nearly three decades of international experience directing financial operations, analysis, planning and execution at IBM, Russ Porter succeeds Doreen Remmen, who held the role for more than 12 years.

Matthew Lubin joins C&F after 30-plus years in sector-focused leadership positions at Chubb Ltd. in Whitehouse Station. He will report to CEO Marc Adee and will be responsible for growing and managing the division's diversified portfolio.

Bennett MacDougall will be responsible for overseeing all legal affairs of the financial institution and its subsidiaries and will provide advice to the executive leadership team on law and policy.

The funds will provide support to 12 small businesses and nonprofits, and may be used for reasonable and necessary expenses such as payroll, equipment, working capital or debt payment. 

The short-term loan will facilitate the timely restructuring of the New Jersey-based aluminum manufacturer and distributor.

The funding comes from the Federal Home Loan Bank of New York's Small Business Recovery Grant Program.

The DEI Portfolio Investment Steering Committee will govern future investments and evaluate funds based on specific factors including diversity of fund management ownership, diversity of the portfolio management team and impact of the investment strategy on diverse populations.

In all, ranked businesses were responsible for 17,873 jobs in the Garden State and revenues totaling $8.2 billion.

Torell Aviation has provided insurance programs tailored to the needs of its clients for more than 30 years.