Search

The article lists New Jersey's top commercial banks including Bank of America, PNC Bank and JPMorgan Chase & Co.

The article presents a list of top Savings Banks & Associations in New Jersey including Provident Bank, Union County Savings Bank, and William Penn Bank.

The article discusses that what industry executives look for when assessing potential acquisitions . Topics discussed include consolidation in the banking industry is nothing new. Lakeland Bank Chief Financial Officer Thomas Splaine said that around 5% of banks make deals every year; and flurry of mergers in 2021 brought the total to 180 by the end of the year, eclipsing the 119 announced in the year prior.

The article informs $13.4 billion deal between Cherry Hill, New Jersey-based TD Bank and First Horizon bank is in the works. Mentions local organizations have also testified about the deal at a meeting of the federal Office of the Comptroller of the Currency, which charters, regulates, and supervises all national banks, federal savings associations, and federal branches and agencies of foreign banks. Also, informs that TD Bank has denied the allegations of unchecked fraud and abuse at the Bank.

The article offers information on the merger of OceanFirst Financial Corp. with Cape Bank in New Jersey. Topics discussed include views of Christopher Maher, chief executive officer (CEO) of OceanFirst on opportunities in New Jersey, unveiling plans for another merger in July 2016 with Ocean City Home Bank; and success of community banks in South Jersey.

The article presents the roundtable discussion participated in by construction industry leaders in New Jersey. Michael Francois of the Port Authority of New York and New Jersey provides an outlook for construction activities in the state. Jay Badame of Tishman Construction projects a demand for real estate projects. Rolland Grote of Gensler states that the consolidations in the banking sector will lead to construction demand.

The article discusses the developments in the banking industry in New Jersey. It claims that as of December 2012, majority of the state's bank deposits are held by outside banks like Bank of America, Wells Fargo and JP Morgan Chase. According to New Jersey Bankers Association president John McWeeney, the new bank regulations from the Dodd-Frank Act could trigger another wave of bank mergers in the state.

Focuses on the status of banking industry mergers and acquisitions. Decrease in the number of banks operating in New Jersey from June 2003 to June 2004; Statements from Ray Soifer, chairman of Soifer Consulting, on consolidations in the banking industry; Advantages of community banks over larger institutions.

Discusses the condition of the banking industry in New Jersey as of August 2004. Effect of the billion-dollar mark on Gladstone-based Peapack-Gladstone Bank; Implication of the bank mergers by larger out-of-state buyers for smaller banks; Impact of the increased income taxes on wealthy individuals on the economy of New Jersey; Number of mergers and acquisitions involving New Jersey-based banks in 2004. INSETS: MORE THAN ONE WAY TO RANK A BANK;UNDERSTANDING THE NUMBERS.

An interview with Patrick Ryan, chief executive officer of First Bank, on the future of banking and regulations in New Jersey after 2016 is presented. Topics of the interview include consolidations in the banking industry, bank stock investments, and the positive and negative effects of rising interest rates for the industry.

An interview is presented with Tom Comiskey, head at M&T Bank. Topics discussed include on the acquisition and integration with Hudson City Savings Bank; involvement of Hudson City employees on the retail side of the business in new branches and market perspective of M&T in New Jersey; and diversity of the state's market and expanding bank branches.

The article reports that the parent company of OceanFirst Bank, OceanFirst Financial Corp., is acquiring fellow banking company Sun Bancorp Inc., which owns Sun National Bank.

The article reports on the merger between New Jersey banks Sussex Bancorp and Community Bank of Bergen County.

The article discusses plans of the First Bank to acquire Bucks County Bank; and the shareholders of the Bucks County Bank will receive shares of First Bank; and John Harding, chief executive officer (CEO) at Bucks County, will join First Bank as its market president.

The article focuses on the need for small banks in New Jersey to grow amid the improvement of the banking ecosystem of the state. It mentions the apparent near extinction of the 22 banking institutions in the state that fall below the 200 million in assets threshold, the imposition of consolidation on smaller, community banks and the financial challenge facing small banks when complying with the regulatory framework. It also notes a merger trend in which banks merge to address weak areas.

The article focuses on the decline in the number of independent banks in New Jersey and its potential benefit to business borrowers. According to Department of Banking and Insurance Commissioner Tom Considine, banking consolidation may help in reducing expenses and freeing up more funds for lending. Rising regulatory costs and the recession are driving banks to consolidate. Meanwhile, Jim Kocsi of the Small Business Administration (SBA) explains the disadvantage of bank mergers.

The article reports on the decision of New Jersey banking companies Ocean Shore Holding Co. and OceanFirst Financial Corp. Inc. in 2016.

The article reports on the acquisition of First Choice Bank in Lawrenceville, New Jersey, together with its subsidiary First Choice Loan Services Inc., by commercial banking company Berkshire Hills Bancorp Inc.

The article reports that the Bank of Princeton is acquired by the Investors Bancorp Inc., under an agreement following which the Investors Bank will open branches in greater Princeton and according to Investors Bancorp President Kevin Cummings, the Bank of Princeton has a record of profitability.

The article reports that Cape Bancorp Inc. is being acquired by OceanFirst Financial Corp under the cash-and stock deal of 195 million dollars by which Cape Bank branches will be rebranded with the OceanFirst name.

The article reports on the deal signed by Lakeland Bancorp Inc. in which it agrees to take over Harmony Bank as part of its expansion while Harmony shareholders will receive 1.25 shares of Lakeland common stock under the deal.

The article reports on the renaming and rebranding of banks created through acquisitions in the U.S. These banks are making a bid for attention and assets as the industry faces consolidation. Big new banks are playing up not just their size, but their connection to the consumer and the institution they acquired. Small banks are building their brands in the hope of gaining customers dissatisfied with the results of big-bank mergers.

This article focuses on the merger plans between Highlands State Bank and Noble Community Bank. The merged entity will be based in Vernon, New Jersey and will be called Highlands State Bank, according to a statement. George E. Irwin of Highlands State Bank said the merger will help create a stronger bank in the Sussex County market. Particular focus is given to the assets of the combined entity as of June 30, 2008.

The article reports on ongoing changes at Commerce Bank in Cherry Hill, New Jersey. The bank's $8.5 billion acquisition by TD Banknorth has created a new bank called TD Commerce that encompasses Commerce's 475 branches and TD Banknorth's 625 U.S. offices. The combined company is expected to shed some of its 23,000 U.S. employees and close branches that are too close to one another, even as it rapidly adds new branches.

The article reports that the U.S. Small Business Administration (SBA) fears a fall in lending activity in New Jersey in 2008. According to James Kocsi, SBA district director for New Jersey, merged banks might cut back their SBA lending. Kocsi worries that the pending acquisition of Commerce Bank, the top SBA lender for eight years in terms of dollars, by TD Banknorth, could result in a decreased loan activity. Kocsi says a drop-off in the SBA lending by Commerce Bank would be a bad thing for the small-business community in New Jersey.

The article reports on the impact of bank mergers on fund raising for community development projects in New Jersey. Community development financial institutions (CDFI) claim that consolidations result to less frequent contact with banks and more administrative work. Bank mergers have taken many project supporters out of the state according to David Scheck of New Jersey Community Capital. A newly-merged bank may decide to end its relationship with a CDFI according to Gordon Ur of Thrift Institution Community Investment Corp.

The article focuses on the mergers of the banking industry in Long Island. According to the author, customers are worried with the effects if the merger and wondering if the free checking will vanish alongside the corporate logo that they have accustomed to. He added that senior vice president of marketing at Astoria Federal Savings in Lake Success Brian Edwards has stated that customers are more comfortable with stability.

The article discusses the strategy to be launched by Provident Bank of Jersey City in New Jersey to grow without acquiring or opening additional branches. Under the strategy, the bank will offer an expanded range of services for small businesses and households, including mutual funds and annuities. An overview of the growth of the bank through past acquisitions is outlined.

The article reports on the implications of the emergence of new banks in New Jersey. The Capital Bank of New Jersey will open in April 2007 with David Hanrahan Sr. as president and chief executive officer (CEO). The Bank of New Jersey in Fort Lee which opened in May 2006 has already mobilized $128 million in assets. New Jersey Department of Banking and Insurance (DOBI) commissioner Steven Goldman stated that mergers between large banks have created an opening for niche lenders.

The article discusses the step made by the Delanco Federal Savings Bank (DFSB) of opening its first branch in order to survive in the industry. The bank has been stagnant with flat earnings and flat deposits and with all the mergers of the big banks and having their economics of scales, DFSB recognized that they needed to grow in order to compete in the banking industry.

The article reports on the merger of North Fork Bancorp Inc. and Capital One Financial Corp. It is inferred that the merger will have an effect on the Long Island banking industry. Industry experts believe it creates opportunity for smaller banks and big impact on local businesses and other mergers will follow. North Fork Bancorp Inc. has acquired several smaller banks and its legacy is secure setting a new trend in banking.

Reports on the performance of J.P. Morgan Chase Bank in New York. Impact of the merged with Bank One on the company's profit; Strategy in selling trust, estate, investment, insurance, risk management and overall financial planning services; Personnel management.

This article reports on the banking landscape in Long Island, New York. Long Island's banking landscape underwent a symbolic change as Bank of America Corp.'s colorful signage hoisted up and affixed to the bank's new Long Island headquarters in Melville. According to Robert Isaksen, Bank of America's Long Island president, the process of banking consolidation has been going on for many years in Long Island and he would expect it to continue. Analysts expect to see the battle of national brands heat up as the biggest banks make bids for regional players, who themselves continue to merge with each other.

The article reports that William Turner navigated the world of corporate banking for decades. At Chemical Bank, and later with its merger partner, Chase Manhattan, Turner trotted the globe as senior vice president of the International division. Middle Bist and Africa, as well as chief administrative officer of the corporate banking division. In 1990, he was named vice chairman and director of the corporation. In 1997, he joined PNC Bank as president and CEC, New Jersey and three years later became chairman of PNC Bank Corp. for the Northeast. In January 2004, however, two years after retiring from PNC, he became dean of the College of Business at Stony Brook University.

Reports that Bank of America Corp. (BoA) has added eight percent to its deposits in Long, Island, New York, in the year following its acquisition of Fleet Bank in 2004, despite predictions by industry experts that many customers would leave following the merger as BoA tried to figure out the New York market. Number of savings accounts and checking accounts added by BoA during the period; Success that BoA has had in selling itself as an upgrade to Fleet.

This article reports that consolidation in the banking industry has created opportunities as well as challenges. Real estate developers--especially those who act quickly and decisively, are reaping benefits too. That was certainly the case when Bank of America Corp. (BofA) took over FleetBoston Bank last year, creating a major opportunity for Reckson Associates Realty Corp. BofA wanted many of Fleet's assets, but it didn't want to own the "Fleet building," a shiny glass and steel structure just north of the Long Island Expressway. Reckson said it got a deal on the building, acquiring it at a discount of about 30 percent off the replacement cost. The four-story building, part of a 42.5-acre corporate park, sports a central atrium with a vaulted glass roof.

This article reports that North Fork Bank will replace the GreenPoint Bank name with its own starting in 2005. Days after closing on the merger with GreenPoint Bank, North Fork Bank chief executive John Adam Kanas said that his Melville-based financial services company will replace the GreenPoint name with its own starting in 2005. North Fork, which originally announced that it was acquiring New York-based GreenPoint in February, closed on the $6.4 billion acquisition on October 1. GreenPoint has 96 branches, according to Kanas, who added that 15 to 20 of those will be merged into existing North Fork branches starting in 2005.

Discusses the significance of bank mergers to opportunities for securing new borrowers of loans in the U.S. Role of bank loans in the growth of businesses; Background on an increase in net loans and leases by banks in New Jersey, as of March 2004; Details of the acquisition of FleetBoston Financial Corp. by Bank of America.

Reports on the reorganization of Bank of America in Long Island, New York. Recruitment of former commercial lenders of Bank of America at North Fork Bancorp; Level of merger and acquisition activity within the banking industry; Factors influencing the layoffs at the banking institution.

Comments on the impact of bank mergers on financial institutions in the U.S. Expansion of the business; Advantage of competition to the industry.

Reports on North Fork Bancorp's acquisition of GreenPoint Financial. North Fork CEO John Kanas' comments on reasons for acquiring GreenPoint Financial; Profitability of GreenPoint Financial; Description of the bank to be created from the merger; Savings to be achieved by North Fork by consolidating its branches in areas where they overlap with GreenPoint Financial banks.

Points out that the merger of Long Island-based New York Community Bancorp (NYCB) and Roslyn Bancorp exemplifies the fact that mergers are also about people and finding the right relationships. Culmination of a years-long discussion between the banks' leaders, NYCB CEO Joseph Ficalora and Roslyn CEO Joseph Mancino; Combined banking powerhouse with nearly 150 branches, $20 billion in assets and $11.3 billion in deposits.

Reports on the exploratory merger talks of North Fork Bancorp. with Barclays Bank PLC in New York. Speculation on merger and acquisition of regional banks; Corporate background of North Fork Bancorp; Process of courting a potential acquisition target.

Reports that Roslyn Bancorp.'s efforts to market itself could be the beginning of a new round of consolidation for Long Island, New York banks. Financial analysts' doubts about the value of bank's stock; Justification for a merger; Steps taken in anticipation of higher interest rates.

Reports on the availability of funds for small business in Long Island, New York. Secondary market for conventional small business loans; Securities for sale to investors; Consolidation and merger activity within the banking industry.

Highlights the decline in the number of new community banks opening in New Jersey in 2001. Glutted banking market; Bank consolidation wave; Factors that led to the rise and fall of commercial banks.

Reports on the consolidation trend in the banking industry of New Jersey. Banks that have merged their operations with other firms; Name changes that go with the consolidation trend in the banking industry; Impact of the trend on bank customers.

Reports on the impact of the merger of FleetBoston Financial with Summit Bancorp on the competition of banks in New Jersey. Expansion of Staten Island Bancorp; Increase of the depositors of Richmond County Financial; Acquisition of First State Bank.