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Money

Elder fraud

FBI report: Elder fraud surges in 2023

In the Garden State, individuals over 60 filed more than 2,049 complaints, with losses of $104.1 million.

Innovative idea

EY names 26 finalists for 2024 NJ Entrepreneur of the Year award

Regional winners will be announced in June, making them eligible for the national recognition later this year. See who's in the running.

Bank vault door

Republic First Bank seized by FDIC, sold to Fulton Bank

Republic First Bank was seized by the FDIC and sold to Pennsylvania's Fulton Bank after a long proxy fight involving George Norcross.

Cherry Hill-based TD Bank was the highest-ranking New Jersey company on Forbes' America’s Best Employers For Diversity ranking.

Forbes names 19 NJ firms to Best Employers For Diversity list

The ranking included 500 companies from around the nation that are prioritizing diversity, equity and inclusion initiatives.

Provident Bank donated original bank ledgers dating to 1839 to the Jersey City Free Public Library.

Provident Bank shares piece of history with Jersey City

The oldest New Jersey-based financial institution, which was founded in 1839, gifted its original bookkeeping ledgers to the Jersey City Free Public Library.

Innovation

NJEDA awards initial $2M through Angel Match Program

Under the initiative targetting early-stage tech companies, the New Jersey Economic Development Authority makes an initial capital commitment to be matched by other investors.

Non-compete agreement

FTC bans noncompetes nationwide

“Noncompete clauses keep wages low, suppress new ideas, and rob the American economy of dynamism, including from the more than 8,500 new startups that would be created a year once noncompetes are banned,” FTC Chair Lina Khan said.

Hamilton-based First Bank

First Bank promotions follow strong 2023, coincide with Q1 results

The Hamilton-based community bank announced more than three dozen elevations, including for a quartet of senior leaders.

Selective focus of asian businessman touching padlock illustration - PHOTO: DEPOSIT PHOTOS

OPINION: Daniel’s Law updates open opportunity for exploitation

Businesses that maintain personal information for legitimate purposes now face frivolous lawsuits for millions of dollars that could ultimately freeze out individuals from services such as facilitating access to credit, mortgages or auto loans; defending against fraud; or providing background checks.

Asbury Park-headquartered national boutique public affairs firm Moxie Strategies launched April 22, 2024. The team includes (from left) Hira Shaikh; Jeannine Frisby LaRue; founder and CEO Maggie Moran; Pearl Gabel; and Joe Libutti.

Moxie Strategies launches with fresh take on traditional agency model

Led by founder and CEO Maggie Moran, the new Asbury Park-headquartered public affairs brings together a group of industry leaders with extensive experience in the public and private sectors.

Cross River Bank founder and CEO Gilles Gade delivers remarks at a celebration for the company's new headquarters in Fort Lee on April 29, 2021.

Cross River releases 2023 Impact Report

Among the highlights: Last year, the Fort Lee-based bank supported nearly 350 organizations financially and through active volunteerism.

TD Bank appointed Matthew Boss as head of U.S. Consumer Banking.

TD Bank combines units, promotes Boss to lead U.S. Consumer Banking

The division was split into two groups in 2017. Matthew Boss, who has served as the company's head of Consumer Product Management in the U.S. since 2020, will oversee the reunited business.