Remove Marketing Remove NJ Remove Taxes
article thumbnail

The top-performing community banks of 2021

Independent Banker

3-yr average pre-tax ROA. pre-tax ROA: 3.08%. pre-tax ROA: 2.83%. pre-tax ROA: 2.68%. 3-yr average pre-tax ROA. pre-tax ROA: 2.68%. In true community bank fashion, each has its own story to tell and its own path to success. Molly Bennett, executive editor, Independent Banker. Less than $300 million.

article thumbnail

Credit Issues Stalk Malls And Anchor Tenants

PYMNTS

Writing in NJ Biz, Linfante points to the mall anchors and other tenants that have already closed, expressed financial concerns or filed for bankruptcy that will lead to significant challenges will be faced by regional malls. This creates an exciting opportunity for the communities that surround these properties.”. The tale of woe (or whoa!)

NJ 132
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Law of Large Numbers for Banks and Credit Unions

Jeff For Banks

One such bank that consistently stunned competitors and analysts with hefty growth was the former Commerce Bank of Cherry Hill, NJ. They did it through rapid branching, buying business in new markets particularly from municipalities, and their reputation (self-proclaimed) as America’s Most Convenient Bank. Some banks have done it.

NJ 84
article thumbnail

Banker Quotes: As Told To Me v5

Jeff For Banks

In the third quarter 2008, the average money market account had a balance of $72,823. It took US Bank two years to evict Kiss'' Ace Frehley from his house after he stopped making payments and paying taxes. NJ Bank Exec: We have a handful of shore loans where we not only can''t find the building, we can''t find the land.

NJ 81
article thumbnail

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

Jeff For Banks

When the Taxpayer Relief Act of 1997 passed, the top capital gains tax rate was lowered, providing yet another incentive for equity speculators to pour money into the fledgling internet industry. We knew there was tremendous hubris in the subprime market. The Y2K scare also had companies pouring money into tech firms. What caused it?

FDIC 60