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Cross River Bank. Though not venture capital, the private equity raised for NewJersey-chartered communitybank Cross River Bank is noteworthy not only for its impressive price tag of $100 million, but for its reflection of investors’ support for financial institutions that collaborate with the tech startup scene.
The Federal Reserve is looking toward a time-worn source to help with bailing out many smaller businesses and individuals as they enlist smaller regional and local banks for the job. One such bank is NewJersey-based OceansFirst, with its 118-year-old history and assets numbering $10.2
With wire fraud on the rise, communitybanks have to step up precautions to protect themselves and their customers. They have the money and, in theory, they are vulnerable,” adds Terri Sands, director of payments and fraud prevention for State Bank & Trust in Atlanta, a $3.3 billion-asset communitybank.
Mark Vis, a real estate and commercial loan officer with First State Bank Southwest, a $250 million-asset communitybank in Worthington, Minn., This ups the ante for banks courting certain business owners, particularly those managing startup companies. Morton, a senior lender at the $120 million-asset communitybank.
“It’s becoming more and more important for communitybanks to emphasize that they have the same products and services as large banks.” Eric Morse, Needham Bank. Mental cobwebs of outdated perceptions can sometimes be hard for a communitybank to shake off. billion-asset communitybank in Needham, Mass.
billion in asset company headquartered in West Virginia, providing communitybanking services primarily in the Eastern Panhandle and South Central regions of the state, and the Northern and Shenandoah Valley regions of Virginia. is the holding company for Parke Bank, a $1.1 million on assets of $1.4
Hats off to Thomas Shara at Lakeland and Tony Labozzetta of Provident for architecting the new $25 billion super-communitybank in NewJersey. Let’s see how this new scale allows for big investments in future innovation. Goes to New England Federal Credit Union and Vermont State Credit Union.
Bank Acquisition of the Year. picks up Bancorp of NewJersey, Inc. A slam dunk in market acquisition of a bank with the same core system and eight of nine Bancorp branches within walking distance of ConnectOne branches. ConnectOne Bancorp, Inc. Hats off to Frank Sorrentino and team. . Well done, sir!
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