Reports show Hispanic businesses are drawing banks’ notice
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...
ESOPs may be smartest (and safest) succession strategy for boomers
The “silver tsunami,” the phrase used to describe the large wave of retiring baby boomers, who will be needing to sell off, shut down or transfer ownership of their small to midsized companies, is...
ADP acquires digital payment company Global Cash Card
ADP’s newest addition will help paychecks go fully digital.
The Roseland-based payroll company now owns Global Cash Card, a leader in digital payments, including paycards and other electronic accounts.
"ADP pays one in six workers in...
Specialty Program Group buys woman-owned Ga. underwriter
Specialty Program Group LLC, based in Summit, has acquired the assets of Capitol Special Risks Inc., a Georgia-based managing general underwriter, it announced Wednesday.
SPG, a holding company for specialty brokerage, contract binding and insurance...
EDA announces grant programs for certain businesses in growth zones
Two new programs will offer grants to street-level businesses in designated Garden State Growth Zones like Trenton, Atlantic City and Camden, the New Jersey Economic Development Authority announced Tuesday.
The Business Lease Incentive and Business...
Latest GOP tax plan is mixed bag for N.J., experts say
President Donald Trump and Republican leaders this week unveiled a framework to overhaul federal taxes in a way that New Jersey tax experts expect will get mixed reviews from local clients.
The initial plan driving...
CURE insurance lands naming rights to Trenton arena
Princeton-based CURE Auto Insurance has acquired the naming rights to the multipurpose arena in Trenton, according to facility manager Spectra by Comcast Spectacor.
The unit of Comcast Corp. said Thursday that the Mercer County-owned arena,...
Malvern FSB names N.J. lawyer as SVP, general counsel
A New Jersey attorney has been appointed senior vice president and general counsel for Malvern Federal Savings Bank.
Rona E. Korman previously served as general counsel and chief risk officer of Center Bancorp Inc.
She brings...
Pru names new chief actuary to replace retiring SVP
Prudential Financial Inc. has a new chief actuary.
Candace Woods will succeed the retiring Richard Lambert as senior vice president and chief actuary of the Newark-based financial services company.
Lambert will retire next year.
“Rich has been...
Edison Partners investment firm exits Canadian cybersecurity company
Edison Partners has announced the successful exit of Ontario-based cybersecurity services eSentire.
“After 26 consecutive quarters of growth, it’s clear that eSentire has a proven, high-demand business model and solution that will continue to propel...
