Community Bank and NJ - Community Banking Brief

NJ-based Provident Bank upgrades digital channels amid pandemic

Bank Innovation

MARCH 30, 2020

For one community bank in New Jersey, its digital overhaul came at a crucial time, and Provident Bank has been pushing its digital capabilities to customers during the novel coronavirus pandemic since revamping its online banking earlier this month.

NJ

NJ New Jersey Community Bank Community

The top-performing community banks of 2021

Independent Banker

APRIL 30, 2022

Independent Banker’s annual listing top-performing community banks of 2021 alongside interviews with some of the winners. In true community bank fashion, each has its own story to tell and its own path to success. In true community bank fashion, each has its own story to tell and its own path to success.

Community Bank

Community Bank Community Montana Taxes

Who were ICBA’s Top Lenders of 2022?

Independent Banker

JUNE 30, 2022

The Peoples Bank helped the Jones family of Legacy Dairy in Hiseville, Ky., From left, Ally Jones; bank chairman, president and CEO Terry L. Last year, community bank loan producers were faced with both record-low interest rates and a glut of deposits. The bank provides crop insurance to farmers in 11 states.

Community Bank

Community Bank Community National Philadelphia

Webinars

Back to Basics with Reconciliations

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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

JUNE 2, 2023

Although community banks did not lend to sub-prime borrowers in any meaningful way, did we participate? In many respects, community banks were caught in the cross-fire through the purchase of those mbs instruments – and subsequent trial through public sentiment. We were concerned about the panic.

FDIC

FDIC Community Bank Regulation Lending

Too Much on the Dollar Menu?

Jeff For Banks

FEBRUARY 17, 2010

I recently spoke at a NJ Bankers Association event about the things I learned this recession (see blog post regarding subject). My company does line of business and product profitability reporting for community banks. Since writing that missive, I realized I left one out.

NJ

NJ Taxes Lending Groups

Why Small Banks Are Rushing to Issue Subordinated Debt

American Banker

JULY 6, 2016

Community banks are stepping up efforts to raise cheap capital to fuel loan growth, make acquisitions and redeem pricier sources of funds.

Community Bank

Community Bank Community Capital NJ

N.J. Bank Leans on Its Co-Founders 20 Years Later

American Banker

MAY 25, 2016

Shore Community Bank in Toms River, N.J., has called on some old friends to lead the board of directors.

Community Bank

Community Bank Community NJ

A Financial Institution Investment Banker Had Questions. Here Are My Answers.

Jeff For Banks

FEBRUARY 6, 2016

Not many investors complained about the old Commerce Bank (NJ) efficiency ratio of 70+% when they were delivering 20+% profit growth. I would say, however, that banks with <$500MM in total assets have unique challenges relating to technology investments, stock liquidity, and management succession that will make things difficult.

NJ

NJ Capital Community Bank US

Why Bankers Are Wary of Office, Hotel Loans — and Bullish on Manufacturing

American Banker

JANUARY 5, 2017

Weakness in the energy sector and a surge in new construction are pushing up vacancy rates at offices and hotels, leading to a spike in delinquencies on loans tied to them. The safer bet, bankers say, is lending on industrial properties.

Lending

Lending Industry NJ Community Bank

Sun Bancorp's 3Q Profit Declines, But Expenses Improve

American Banker

OCTOBER 31, 2016

Sun Bancorp’s third-quarter profit declined, as the Mount Laurel, N.J., recorded almost $3 million of one-time gains a year ago. Sun’s expenses, however, continued to improve.

NJ

NJ Community Bank Community

Why Banks Are Dumping Fannie, Freddie Debt

American Banker

MAY 27, 2016

Banks have rushed to the exits when it comes to Fannie Mae and Freddie Mac debt securities. Federal liquidity rules seem to be prompting big banks to do so, but why small banks are unloading the bonds, too, is more of a puzzler.

Security

Security NJ Community Bank Regional

Cost Control Helps Sun Bancorp in N.J. Post Higher Profit

American Banker

JULY 26, 2016

billion-asset company said in a press release Tuesday that its second-quarter earnings rose 4.7% from a year earlier to $3 million, or 16 cents a share.

Company

Company NJ Community Bank Community

N.J. Bank's New CEO Shares Growth Plan

American Banker

DECEMBER 27, 2016

That is Fred Viaud's goal for Glen Rock Savings Bank in New Jersey, which on Tuesday said he would be promoted to president and CEO next week. Get out of the red six months from now.

New Jersey

New Jersey NJ Community Bank Capital

Valley National in N.J. Raising Capital to Fund Loan Growth

American Banker

DECEMBER 8, 2016

The $22 billion-asset company said in a press release Thursday that it is looking to sell 8.4 million shares of common stock, though it could sell another 840,000 shares if there is enough demand.

National

National Capital Company NJ

Community Banker of the Year: Sussex Bancorp's Anthony Labozzetta

American Banker

NOVEMBER 30, 2016

His unusual approach to banking helped Sussex emerge from the financial crisis with momentum. Now he's building a branch model that could serve as a blueprint for growth-minded banks. Anthony Labozzetta, CEO of Sussex Bancorp in New Jersey, isn't afraid of change.

New Jersey

New Jersey Community NJ Community Bank

Sun Bancorp Will Miss Wilbur Ross' Input on Board, CEO Says

American Banker

DECEMBER 1, 2016

The appointment, however, shouldn't force any changes in his firm's holdings or its investment in the banking sector. The billionaire investor will soon step down from the New Jersey company's board as he prepares to become Commerce secretary.

New Jersey

New Jersey Company NJ Community Bank

Community Banker of the Year: Anthony Labozzetta

American Banker

NOVEMBER 29, 2016

His unusual approach to banking helped Sussex emerge from the financial crisis with momentum. Now he's building a branch model that could serve as a blueprint for growth-minded banks. Anthony Labozzetta, CEO of Sussex Bancorp in New Jersey, isn't afraid of change.

New Jersey

New Jersey Community NJ Community Bank

Sussex Debt Sale Raises $15 Million

American Banker

DECEMBER 22, 2016

Sussex Bancorp in Rockaway, N.J., has raised $15 million by selling fixed- to floating-rate subordinated notes to an institutional investor. It did not name the investor.

NJ

NJ Community Bank Capital Community

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

American Banker

NOVEMBER 1, 2016

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.

New Jersey

New Jersey Capital NJ Community Bank

When Does a Bank Need a Lawyer on Staff?

American Banker

OCTOBER 30, 2016

As banks grow and their business models become more complex, some find that adding a general counsel to the staff makes sense. Bank SNB in Stillwater, Okla., says hiring one allowed it to reduce its legal fees by 80%. Here are the pros and cons.

NJ

NJ CA Community Bank Community

Sun of N.J. Taps Director to Serve as Nonexecutive Chairman

American Banker

NOVEMBER 22, 2016

billion-asset parent of Sun National Bank, said independent director Anthony Coscia will serve as chairman of both starting Dec. Sun Bancorp in Mount Laurel, N.J.,

National

National NJ Community Bank Community

Brazilian Bank Puts Bigger Accent on U.S.

American Banker

JULY 31, 2016

Banco do Brasil, the largest bank by assets in South America, wants to make more of a name for itself in the United States. It expects a new online banking platform to help draw mainstream consumers, and says an expansion from South Florida into the Northeast is likely.

United States

United States Florida America Online

OceanFirst in N.J. Scores Naming Rights Deal with Monmouth

American Banker

JUNE 24, 2016

OceanFirst Bank in Toms River, N.J., now has extra reason to cheer for the Monmouth University men’s basketball team that was in the running for an NCAA tournament berth last season.

NJ

NJ Community Bank Community Strategy

Lower Fees Offset Loan Growth at Provident in N.J.

American Banker

JULY 29, 2016

Provident Financial Services in Iselin, N.J., reported relatively flat quarterly results due on as lower fees offset loan growth.

Report

Report NJ Community Bank Community

Completing the Handoff at OceanFirst in N.J.

American Banker

JUNE 3, 2016

John Garbarino will step aside as chairman of the $4.2 billion-asset company on Dec. 31, but he will turn over the job to a familiar face — Christopher Maher, who will remain president and chief executive, also.

Company

Company NJ Community Bank Community

Lakeland Bancorp in N.J. Names New CFO, COO

American Banker

JANUARY 4, 2017

Lakeland Bancorp in Oak Ridge, N.J., has named a new chief financial officer and chief operating officer as two other executives plan to retire.

Operations

Operations NJ Community Bank Community

Loan Sales, Other Fees Help Valley National Post Higher Profit

American Banker

JULY 27, 2016

Valley National Bancorp in Wayne, N.J., reported higher quarterly profit because of loan sales and increases in other fees.

National

National Report NJ Community Bank

Valley National Profits on Loan Activity

American Banker

JULY 27, 2016

Valley National Bancorp in Wayne, N.J., reported higher quarterly profit because of loan sales and increases in other fees.

National

National Report NJ Community Bank

Noah Bank in Pa. Sues NOA Bank in Ga. in Trademark Clash

American Banker

APRIL 13, 2016

Noah Bank in in Elkins Park, Pa., has sued NOA Bank in Duluth, Ga., in a dispute between two Korean-American banks over trademarks and competitive intelligence.

NJ

NJ Community Bank Community Regulation

OceanFirst in N.J. Issues $35M in Subordinated Debt

American Banker

SEPTEMBER 16, 2016

The $4 billion-asset company said in a press release Friday that the notes will bear an initial fixed interest rate at 5.1%. The debt will mature in 2026.

Company

Company NJ Community Bank Capital

Marlin in N.J. Adds Voltage to JVCKenwood's Customer Financing

American Banker

AUGUST 30, 2016

Marlin Business Services in Mt. Laurel, N.J., has partnered with electronics manufacturer JVCKenwood USA to provide financing plans for its customers.

NJ

NJ Community Bank Community Lending

Fed Backs Seidman’s Request for Big Stake in MSB Financial in N.J.

American Banker

DECEMBER 12, 2016

A New Jersey investor has received approval from the Federal Reserve to significantly boost its stake in MSB Financial in Millington, N.J.

New Jersey

New Jersey NJ Community Bank Community

Peapack-Gladstone in N.J. Joins List of Small Banks Raising Capital

American Banker

DECEMBER 20, 2016

Peapack-Gladstone Financial in Bedminster, N.J., has filed a shelf registration statement to sell as much as $100 million in securities.

Capital

Capital Security NJ Community Bank

Peapack-Gladstone Plans Acquisitions After Raising $50M

American Banker

JUNE 16, 2016

Peapack-Gladstone Financial in Bedminster, N.J., is considering additional acquisitions in wealth management after raising $50 million in subordinated debt.

Management

Management NJ Community Bank Capital