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Banking, Finance & Accounting News Archive Page 2

Under the wire: As year ticks down, CPAs say there's still time for last-minute moves

When it comes to tax planning, CPAs and mothers have something in common: they both advise against waiting until the last minute to get things done.

NJBIZ Lists: Accounting Firms

Ranked by: the number of CPAs located in New Jersey

Report: NJ ranks in bottom quarter of states for retirement preparedness

New Jersey ranked 41st in a recent report detailing which states’ seniors are most prepared for retirement.

Amboy Bank announces COO

Amboy Bank has promoted Gregory Sharpf to executive vice president and chief operating officer.

At Women Entrepreneurship Week, 'you're not going to go down easy'

Unable to access money via ATM a few months ago, Nicki Radzely, co-founder of binky company Doddle & Co., contacted her bank only to find out that...

Two River Chairman Patock resigns

Frank Patock Jr., chairman of the board of Two River Bancorp, the parent company of Two River Community Bank, has resigned his position for personal...

Kastner named campaign cabinet chair for United Way

Ryan Kastner has been appointed the 2018-19 campaign cabinet chair for the

Report: NJ's top earners pay lower tax share than middle-income families

New Jersey’s top earners enjoy vastly more wealth than the majority of New Jersey residents but pay a much lower percentage of taxes than...

Lawmakers look to expand access to workplace retirement accounts

A law moving through the state Legislature aims to establish retirement accounts for private-sector employees who lack access to those plans.

Investors Bank expands Equipment Finance leadership team

Christopher McManus and Brandon Smith have joined the Investors Bank Equipment Finance leadership team, Group Leader Kenneth Walters announced Monday.

Sasco, Otterstedt insurance agencies merge

Sasco Insurance Services and Otterstedt Insurance Agency Inc. have announced they are merging operations.

Edison Partners closes on $365M fund

Edison Partners has announced the closing of a $365 million fund, the investment firm’s largest in its history.

Valley debuts new look, initiatives

Valley National Bank has rolled out refreshed branding while also announcing that it will now go by “Valley” in most instances.

Irvington medical properties secure $4.4M

Progress Capital said that it has secured a $4.43 million permanent mortgage to refinance two adjacent Irvington medical office properties and...

Glover to lead Newark Alliance

Aisha Glover has been named CEO for Newark Alliance, a nonprofit focused...

NJ ranks 48th among states for fiscal health, report finds

New Jersey is the third-least financially healthy state in the U.S., according to George Mason University’s Mercatus Center rankings, released...

Camelot of Cinnaminson gets $38M refinance

The New Jersey regional office for NorthMarq Capital has announced a $38 million refinance for Camelot of Cinnaminson.

Meridian Capital arranges $258M in financing for Lakewood company

Accurate Builders & Developers of Lakewood has received $258 million in acquisition and construction financing for multifamily properties in Bayonne,...

AFR promotes Brandao and Packer

American Financial Resources Inc. announced Monday the promotion of Laura Brandao to president and Bill Packer to chief operating officer for the...

A growing concern: Financing, legal issues can hinder an expansion-stage company

When precision metal finishing company Master Metal Finishers wanted to expand its market with an expensive new processing line, the company...

Castellano to lead BDO's Woodbridge office

Professional services firm BDO USA LLP on Friday announced the appointment of Anthony Castellano as office managing partner for the company’s Woodbridge location.

First Bank opens first Burlington County branches

First Bank announced its expansion into Burlington County on Thursday, with the opening of two full-service branches in Delanco and Cinnaminson.

Campbell counters Third Point in SEC proxy ahead of annual meeting

Campbell Soup Co. filed definitive proxy materials with the Securities and Exchange Commission ahead of its 2018 Annual Meeting of Shareholders, scheduled for Nov. 29.

Artech acquires CDI Corp. business unit

Morristown-based Artech Information Systems has acquired the Talent & Technology Solutions business unit of Philadelphia-based CDI Corp.

Bank of New Jersey's Graves named to NY Fed council

Nancy Graves, president and chief executive officer of the Bank of New Jersey, has been named a member of the Federal Reserve Bank of New York’s Community Depository Institutions Advisory Council, the Fort Lee-based bank announced late Monday.

SB One Bank rolls out automated check fraud detection for businesses

SB One Bank has announced it is now offering business customers automated check fraud detection.

Sax targets $70K raise from next Four Miler

The patients at St. Joseph’s Childen’s Hospital in Paterson aren’t just patients. They’re kids, and like anyone else in their age group, they want to play and engage. Through St. Joseph’s Child Life department, they have the opportunity to create art, garden, and play with therapy animals through their holistic therapy programs — thanks, largely, to the accounting firm Sax LLP’s Sax Charitable Foundation and its annual Four Miler fundraiser.

Small contractors get lift with SBA surety bonds

Over the last 10 years, Ocean Construction in Marmora has worked on more than 100 federal construction jobs. Its specialty is National Historic Landmarks — things like roofing at Washington’s Headquarters Museum in Morristown and masonry at Thomas Edison’s house in West Orange.

Giving back to society: Corporate social responsibility 'win-win,' companies say

When Columbia Bank converted from a privately held, mutual-based operating structure to a public company in an IPO earlier this year, some nonprofit organizations likely breathed a sigh of relief, since one of the big beneficiaries was the bank’s own foundation.

Gateway taps Ernst & Young as financial advisor

Trustees of Gateway Program Development Corp. on Friday named Ernst & Young as its financial advisor.

JPMorgan Chase to expand in Delaware Valley

JPMorgan Chase will create 300 new jobs in the Delaware Valley in the next five years, the company announced Monday.

Cognizant board elects Patsalos-Fox chairman

Cognizant on Monday announced its board of directors has elected board member Michael Patsalos-Fox as its new chairman. He succeeds John E. Klein, who has served as chairman for nearly 15 years and will remain a board member.

Barziza upped at Chubb

Chubb has appointed Tim Barziza as head of its North American Property Claims division, effective immediately.

NY Giants, Investors look to score with new alliance

Beginning this season, Investors Bank has been named the official consumer and business bank for the New York Giants, the financial institution said.

Procida's 100 Mile Fund tops $500M

Following the recent closing of a $38 million loan for a Rockland County college, Procida Funding & Advisors LLC announced Friday that its 100 Mile Fund has topped $500 million in loan originations.

NJEDA: Brooklyn wholesaler consolidating in Roselle Park

Brooklyn, N.Y.-based electronic accessories wholesaler OEM Source is heading to New Jersey, the New Jersey Economic Development Authority announced Friday.

Prudential ups 2 to EVPs

Prudential Financial Inc. on Wednesday announced the appointments of Scott Sleyster to executive vice president and chief operating officer, International Businesses of Prudential, and Ken Tanji to executive vice president and chief financial officer.

Safe-Com sweeps TechLaunch BullPen No. 10

Holmdel-based Safe-Com Wireless won both the Audience and Investor Panel awards at the 10th TechLaunch BullPen held earlier this week at the Princeton Innovation Center BioLabs in Princeton.

Panel: 'Perception' key to success of cannabis business

Perception is one of the biggest hurdles cannabis businesses face when seeking approval from communities and municipalities, and was the view in vogue among the panel members at NJBIZ’s Business of Cannabis event Tuesday at the Imperia in Somerset, moderated by New Jersey CannaBusiness Association President Scott Rudder.

Edison Partners makes fourth Midwest investment

Edison Partners is leading a $4 million growth investment in Sigstr, a software-as-service platform providing email signature marketing services, the growth-equity investment firm said Tuesday.

Cognizant acquires Kansas-based Salesforce partner

Teaneck-based professional services firm Cognizant has acquired Advanced Technology Group of Kansas, the company announced Tuesday.

And Emplify makes three: Edison Partners invests $7.5M more in Midwest

Edison Partners is leading a $7.5 million growth investment in Emplify, the company announced Monday.

NJBIZ Lists: Savings Banks and Associations

Ranked by: New Jersey deposits*

View the 2018 Top New Jersey Savings Banks and Associations list in the Sept. 17 issue of NJBIZ.

Rising rates mixed bag for businesses

Higher operating costs can be offset by better returns on cash investments

Time running out on tax amnesty

Manafort case highlights resulting sting of FBAR penalties

Closing gender gap in finance

Management still largely male-dominated, but women making inroads

Are women getting shorted when it comes to promotions in the banking industry? They make up nearly 60 percent of the U.S. commercial banking workforce, but less than half of midlevel officers and about 31 percent at the senior executive levels, according to a recent report by Catalyst, a global nonprofit that advocates for women in the workplace.

S3 Agency expands S Free program for startups

Startups looking for some free marketing assistance take note: Boonton-based The S3 Agency, which bills itself as “The New York Agency in New Jersey,” has expanded its S Free program to include companies based outside of the Garden State.

Wilkin & Guttenplan makes NYC acquisition

New York City-based accounting firm Kleiman & Weinshank LLP will merge into Wilkin & Guttenplan PC’s New York practice, effective Oct. 1.

Prudential CEO Strangfeld to retire; Lowrey named as successor

John Strangfeld is retiring as CEO of Prudential Financial Inc. at the end of November and will be replaced by Charles Lowrey, currently executive vice president and chief operating officer, International Business of Prudential, the Newark-based company announced Wednesday.