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Cross River establishes fintech investment banking unit

American Banker

The Fort Lee, New Jersey, company has hired a pair of veteran investment bankers to helm an effort serving fintechs' capital market needs "doubling down" on its commitment to the sector.

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Cross River Bank in N.J. raises $28M from Silicon Valley

Payments Source

A community bank in New Jersey has raised millions in funding from Silicon Valley's star fintech venture capitalists.

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Century Savings in N.J. hires veteran banker as its president

American Banker

David Hanrahan had been CEO of Capital Bank of New Jersey, which was sold last year to OceanFirst Financial.

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ConnectOne promotes insider as next bank president

American Banker

Elizabeth Magennis recently served as the New Jersey company's chief lending officer. ConnectOne also hired Michael O'Malley, a former OnDeck Capital executive, as chief risk officer.

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Cross River Bank in N.J. Raises $28M from Silicon Valley

American Banker

A small New Jersey bank that is a so-called rent-a-charter partner of more than a dozen marketplace lenders has raised millions of dollars from some household names in the venture capital world.

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The Investments Keep On Coming And ‘Uber For Trucks’ Banks $10M Investment

PYMNTS

Valor Capital Group, former DHL Express US CEO Hans Hickler and Salazar are all previous investors who also participated in the round. “I . “In an ideal world,” he said, “CargoX would work with more and more truckers in that exclusive capacity.” Not a bad month for B2B, which, as a sector, has traditionally been a laggard.

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Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

//Jeff Marsico remarks to the 2023 New Jersey Bankers' Association Annual Convention: May 19, 2023// Four decades ago, the prolonged savings-and-loan crisis devastated the industry. Between 1980 and 1995, more than 2,900 banks and thrifts with collective assets of more than $2.2 trillion failed.

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