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Banking, Finance & Accounting News Archive Page 2

First Bank expands operations in Hamilton

Hamilton-based First Bank NJ has leased 11,000-square-feet adjacent to its current headquarters at an office complex at 1395 Yardville Hamilton...

Report: NJ's doctors pumped $55.4B in state economy in 2016

Doctors are not only good for the health of state residents, they also boost the state's economic health as well, according to a recent study by the...

Eastern Union closes $4B in CRE loans in 2017

Howell-based firm Eastern Union Funding recently announced that in having reached a 10 percent growth year-over-year, the firm closed $4 billion in...

Retail banks Sussex Bank, Community Bank of Bergen finalize merger

Franklin-based Sussex Bancorp, the parent company of Sussex Bank, has closed on its deal to merge with Bank of Bergen County. The deal expands Sussex...

Wells Fargo appoints new southern NJ president

Wells Fargo has appointed John Zimmerman to president of its southern New Jersey operations.

Sobel & Co. names new partner

Sobel & Co., a certified public accounting firm in Livingston, announced it has named Adam Lipkin its newest partner.

NJ accounting firms specializing in employee benefits merge

Ennis Hargadon LLC, an accounting firm in Cliffside Park, has merged with Garwood-based MSPC Certified Public Accountants and Advisors. The combined...

The NJBankers Association endorses ICBA Securities

NJBankers is the 34th state banking association to give its seal of approval to ICBA Securities, which provides fixed-income investment products and...

Provident Bank Foundation offers $50,000 grants for community development

The Provident Bank Foundation (PBF) in Morristown is accepting letters of intent for two $50,000 signature grants for programs in the state that...

Here are the top NJ counties with the least credit card debt, according to SmartAsset

SmartAsset, a financial technology company, released a new study on counties across the country with the lowest credit card debt. A closer look at...

Creditsafe, GB Collects team up to bring payment solution to market

Allentown, Pennsylvania-based Creditsafe, a provider of global business intelligence, announced Wednesday a partnership with Voorhees-based GB...

MAZARS USA announces $100K donation to fight hunger in NJ, 5 other states

Mazars USA LLP, an accounting, tax, and consulting firm, recently launched its Annual Giving Theme, which for 2018 is fighting hunger.

New Jerseyans need to prepay real estate, local taxes before year's end, say accountants

Tax reform measures could cause more state residents to flee

New tax reform laws could spur New Jerseyans – retirees in particular – to sell their homes and move into rental spaces, according to...

The benefits of ESOPs (and why not everyone is doing them)

Meet up with the guys at PKF O’Connor Davies and Janney Montgomery Scott and they’ll talk your ear off about ESOPs.

Managing your wealth after you make it to retirement

When it comes to retirement, most people focus on planning, saving and investing years before they leave their jobs. Yet they don't' always pay the...

Why one advisor is bullish on Big Pharma in NJ

A solid investment opportunity may well be right in your backyard: Big Pharma.

Americans and charities: When hearts and wallets don't match

This is a story about two recent surveys. In one, conducted by the World Giving Index and published by the Charities Aid Foundation, Americans were...

Where to invest your dollars in Year 2 of Trump

After roughly a year into President Trump's term in office, several key factors in the U.S. economy are pointing to a strong showing, while consumer...

Sax Wealth Advisors acquires GM Financial Group, AUM increases to $1B

Sax Wealth Advisors, an investment advisory firm with New Jersey offices in Clifton and Pennington, announced the acquisition of Pennington-based The...

Two M&T bank buildings trade in Paramus, C&W reports

Real estate firm Cushman & Wakefield recently announced it completed the sale of two M&T Banks located at 80 and 100 West Century Road in Paramus to...

NJBIA small business survey: Positive forecasts tempered by healthcare costs, minimum wage hike concerns

While most small business owners in New Jersey are optimistic about 2018, most are also concerned about the possibility of a minimum wage increase to $15 per hour and rising healthcare costs, according to the New Jersey Business & Industry Association’s 59th Annual Business Outlook Survey.

Concrete manufacturer, CPA firm expand in Fair Lawn

Real Estate brokerage firm Pagano Company recently announced it negotiated two lease expansions in Fair Lawn with ULMA Form Works Inc. and Bushoven & Company CPAs.

Cushman & Wakefield arranges financing for One Newark Center

Real estate firm Cushman & Wakefield announced Friday that it served as the exclusive advisor to Beijing Ideal Property Development Co. in arranging $66.58 million in financing for One Newark Center.

NJIT receives endowment for new ROT scholarship

The New Jersey Institute of Technology recently announced Michael Gabelli and Kristina Gabelli have established a scholarship for ROT students in honor of Sal Capriglione, a World War II veteran.

Peapack-Gladstone Bank names SVP, senior credit underwriter

Bedminster-based Peapack-Gladstone Financial Corp. and Peapack-Gladstone Bank announced the appointment of Christian Guadioso, senior vice president, senior credit underwriter at the bank.

Murphy gubernatorial election third-most expensive in state's history

Gov.-elect Phil Murphy spent over twice as much as his opponent Lt. Gov. Kim Guadagno in his gubernatorial campaign, according to a report released by the New Jersey Election Law Enforcement Commission.

Here are the most tax-friendly places for retirees in NJ, according to SmartAsset

SmartAsset, a financial technology company, released its third annual study on the most tax friendly places for retirees. A more focused look at residents in the Garden State revealed New Jersey’s tax system could be good – or bad, depending on your financial situation.

New York Fed president discusses community banks, Bitcoin at Rutgers

That was among the observations of Federal Reserve Bank of New York President William C. Dudley as he participated in a moderated discussion on current economic issues at Rutgers University Wednesday morning.

Verisk appoints CFO

Jersey City-based Verisk Analytics Inc., a data analytics provider, announced recently that Lee M. Shavel has been named executive vice president and chief financial officer.

Bleakley Financial Group affiliates with Hittinger Financial

Fairfield-based Bleakley Financial Group expanded its reach this week by affiliating with Hittinger Financial, a Pennsylvania-based wealth management practice that serves clients throughout Pennsylvania and Virginia.

NJBIZ names CFO of the Year winners for 2017 (slideshow)

A crowd of more than 400 people gathered as NJBIZ named the winners of its 2017 CFO of the Year Awards on Oct. 10 at The Palace at Somerset Park.

Capital Bank of New Jersey appoints new director

Capital Bank of New Jersey, a South Jersey bank based in Vineland and owned by a variety of local stockholders, announced Thursday it has appointed James R. Haefele, CPA, to its board of directors.

Broadridge Financial Solutions opens Newark office

Newark Mayor Ras Baraka and Tim Gokey, president and chief operating officer of Broadridge Financial, hosted local officials at the opening of Broadridge Financial’s new office for its Global Technology & Operations division this week.

Coldwell Banker acquires owner-brokerage arm of Century 21 in East Brunswick

Coldwell Banker Residential Brokerage in Madison has acquired the assets of Century 21 Worden & Green Realty in East Brunswick.

Study: Hunterdon County residents get most bang for property tax buck

Despite having some of the highest property taxes in the country, there are places in New Jersey where they are a bargain, according to a study by New York City-based financial technology company SmartAsset.

Valley National Bancorp announces retirement, replacement of CEO

Valley National Bancorp, the holding company for Valley National Bank, announced Thursday the retirement of Gerald H. Lipkin as CEO, effective Dec. 31.

Coldwell Banker names Summit branch VP

Residential banking firm Coldwell Banker Residential Brokerage recently announced that John Geaney has been named branch vice president of Coldwell’s office in Summit.

Small business transactions reach record high for Q3 2017

New Jersey had the highest number of closed transactions for small businesses in recent years during Q3 2017, according to an insight report compiled by San Francisco-based BizBuySell.com

Steinbridge Group announces urban single family investment strategy

New York-based private investment firm Steinbridge Group announced Thursday plans to focus its $425 million fund in acquisitions and refurbishments of single-family and small multifamily residences in urban markets throughout northern New Jersey, New York City's outer boroughs, Baltimore and Chicago, to name a few.

NJ part of $220M settlement over fraud and anti-competition allegations of Deutsche Bank

Government and nonprofit organizations in New Jersey will receive a portion of a $220 million settlement from Deutsche Bank that will resolve allegations of fraudulent and anti-competitive conduct.

Fund for NJ awards $167,000 in grants to nonprofits affecting policy

The Fund for New Jersey, an organization dedicated to improving public policy decision-making, has awarded $167,000 in grants to nonprofit organizations.

Peapack-Gladstone Bank appoints SVP, capital markets

Bedminster-based Peapack-Gladstone Financial Corp. and Peapack-Gladstone Bank announced a new member to the team of private bankers at Peapack Capital, a subsidiary of of the bank which focuses on equipment finance and leasing.