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Peapack-Gladstone finalizes deal for Quadrant

Peapack-Gladstone Financial Corp. has finished acquiring Fairfield boutique financial firm Quadrant Capital Management LLC. Quadrant’s founders, Chairman Jeff Fisher and President Jim Kearney, will stay on in those positions. Their employees will also stay with the...

Kearny Bank to acquire Clifton Savings Bank for $408M

The parent companies of two New Jersey banks have signed a $408 million acquisition agreement, they announced Wednesday. Fairfield-based Kearny Financial Corp., holding company for Kearny Bank, and Clifton-based Clifton Bancorp Inc., holding company for...

U.S. execs see M&A staying steady; N.J. remains popular spot

American executives expect mergers and acquisitions activity to remain steady over the next year, as companies work through a spate of recent deals, according to a new survey from EY. Ernst & Young LLP’s semiannual...

PHH promotes two to general counsel, corporate secretary

PHH Corp. announced two management changes that will begin the new year. Madeline Flanagan will become senior vice president and general counsel for the company. She has served in that capacity for PHH’s mortgage subsidiary...

SBA issued $869M in loans to N.J. firms in FY17

The state’s small business owners received a record $869 million in loans from the U.S. Small Business Administration in the fiscal year that ended Sept. 30. The increase in approved loans was nearly 33 percent...

N.J. sales tax will shrink a little in 2018, state says

New Jersey’s sales tax will go down in the new year, according to the state Division of Taxation. The rate will decrease slightly, from 6.875 percent to 6.625 percent. This will include a reduction in Atlantic...

Major N.J. accounting firms Sax and Hunter Group join forces

Sax LLP, one of the state’s largest accounting firms, has become even bigger with the acquisition of Hunter Group CPA LLC, it announced Monday. Sax, based in Clifton, will take over the Fair Lawn-based firm...

Read their lips: No new taxes — Accountants say it’s bad for business

Taxes mean business for accountants. But the fact is, accountants want less of them. Ralph Thomas, who spearheads the New Jersey Society of CPAs, said a survey his organization did of accountants across the state about...

The hidden cost of e-commerce: Different states mean different taxes

While the topic of state tax structure certainly is serious, it also is more than just a little soporific. But hear accountants out — to them, there’s no bigger issue that businesses need to be...

How (and when) Equifax data breach can cost you money

The recent Equifax data breach sent a message to the public. It also sent one to accountants. It was a hack that reportedly exposed identifying information of nearly 150 million United States citizens. The shocker...

Latest Articles

All hospitals have ‘green light’ for visitation — first time during pandemic

For the first time since its inception during last fall’s COVID-19 surge, a color-coded hospital visitation guide shows all regions of New Jersey are...

EDA details rules and regs around Emerge, successor to Grow N.J.

The New Jersey Economic Development Authority board Wednesday approved the creation of the Emerge program, a new jobs-based tax credit program created under the...

Struggling with utility bills? JCP&L has new programs that can help

Jersey Central Power & Light President Jim Fakult said the utility understands many people are struggling to pay their bill — both residential and...

Developers break ground on senior housing project in E. Orange

Real estate firm Genesis Cos. has broken ground on a senior supporting housing development in East Orange, it announced Wednesday. The property at 160 Halsted...

High Technology in Freehold named top STEM high school in U.S. — one of...

Gov. Phil Murphy has long talked about creating an innovative economy in New Jersey. It appears there are a number of high schools ready...