Finance

Finance

By Eric Strauss
New Jersey | October 20, 2017 at 10:50 am

20 10, 2017

Optimism about retirement grows, but Jerseyans should be wary

2017-10-20T10:50:57+00:00

A nationwide survey by Wells Fargo showed that more and more Americans expect to have enough savings to live comfortably in retirement. But, according to an executive with the financial services firm, New Jerseyans should be extra careful about their preparation, thanks to the state’s high costs. Harris Poll conducted ...

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Optimism about retirement grows, but Jerseyans should be wary 2017-10-20T10:50:57+00:00
19 10, 2017

How does $150B in GDP and 250,000 new jobs sound?

2017-10-19T12:16:20+00:00

Talking Points is an occasional feature in ROI-NJ, which recaps key speakers at business gatherings across the state. This report summarizes the presentation Senior Partner Steve Van Kuiken of McKinsey & Co. gave at Opportunity NJ’s Affordability Summit, held Sept. 18 at First Baptist Church of Lincoln Gardens in Somerset. ...

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How does $150B in GDP and 250,000 new jobs sound? 2017-10-19T12:16:20+00:00
19 10, 2017

First Bank paying $13.5M for another South Jersey bank

2017-10-20T10:52:52+00:00

First Bank and Delanco Bancorp Inc. made a deal that will merge Delanco Federal Savings Bank into First Bank. The stock transaction is valued at about $13.5 million, and was approved unanimously by both boards. It’s expected to be completed in first quarter of next year. Delanco has locations in ...

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First Bank paying $13.5M for another South Jersey bank 2017-10-20T10:52:52+00:00
19 10, 2017

Peapack-Gladstone Bank names SVP for capital subsidiary

2017-10-19T10:53:02+00:00

Rich Johnston was named senior vice president of capital markets for Peapack Capital. Peapack is a subsidiary of Bedminster’s Peapack-Gladstone Bank. Johnston will be responsible for indirect originations of leasing and asset finance transactions from bank lessors, independent lessors, finance companies and intermediaries, in addition to all outbound syndications. He ...

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Peapack-Gladstone Bank names SVP for capital subsidiary 2017-10-19T10:53:02+00:00
18 10, 2017

Wage growth rises in Q3, but less than BLS reported, ADP says

2017-10-20T10:55:05+00:00

Overall wage growth nationwide increased by 1.7 percent across all industries in the third quarter, according to the ADP Workforce Vitality Report. That is nearly one full percentage point below the 2.6 percent growth in wages reported by the U.S. Bureau of Labor Statistics. Roseland-based ADP says its report gives ...

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Wage growth rises in Q3, but less than BLS reported, ADP says 2017-10-20T10:55:05+00:00
18 10, 2017

‘Insurtech’ firm Mgaero adds veteran industry executive

2017-10-20T10:57:15+00:00

“Insurtech” industry executive Alex Tsetsenekos has joined Freehold-based Mgaero as head of business development. Tsetsenekos brings nearly 20 years of diverse leadership experience in the insurance industry to the team.  He most recently founded Archimedes Analytics, where he served as chief underwriting officer and operational lead for two insurtech firms ...

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‘Insurtech’ firm Mgaero adds veteran industry executive 2017-10-20T10:57:15+00:00
13 10, 2017

NJSBDC program aims to help small businesses get to next level

2017-10-18T10:03:05+00:00

Trivia couldn’t seem to get easier: It’s called the New Jersey Small Business Development Center, so which does it work with more of — the state’s smallest businesses or companies graduating from that category? If the answer were obvious, the leaders of the organization wouldn’t question whether people knew enough ...

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NJSBDC program aims to help small businesses get to next level 2017-10-18T10:03:05+00:00
13 10, 2017

Business services company’s COO is leaving, it says

2017-10-13T10:50:20+00:00

Edward Siciliano is stepping down as executive vice president and chief operating officer of Marlin Business Services Corp., the Mount Laurel-based company announced Friday. Siciliano is leaving to pursue personal interests, the provider of credit products and services to small businesses said in a statement. “I have thoroughly enjoyed the ...

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Business services company’s COO is leaving, it says 2017-10-13T10:50:20+00:00
12 10, 2017

Withum moves office from New Brunswick to E. Brunswick

2017-10-12T11:19:17+00:00

Certified public accounting and advisory firm WithumSmith+Brown PC has moved one of its New Jersey offices from New Brunswick to East Brunswick. More than 150 employees have made the shift to 1 Tower Center Blvd. The Top 30 nationally ranked firm concluded a comprehensive, sustainable buildout of its new 46,234-square-foot ...

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Withum moves office from New Brunswick to E. Brunswick 2017-10-12T11:19:17+00:00
10 10, 2017

Reports show Hispanic businesses are drawing banks’ notice

2017-10-12T10:53:05+00:00

There are at least 3,000 new Hispanic businesses in the state since last year, and the $709 billion sector is attracting more interest from large banks, according to new reports. Bank of America released its inaugural Hispanic small business spotlight recently. The survey reveals many of the issues that the ...

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Reports show Hispanic businesses are drawing banks’ notice 2017-10-12T10:53:05+00:00
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