Page 2 - Christopher Maher News Today

Today's business influencers have a reach that extends throughout the economy at the Jersey Shore.

Carlos L. Barada, 33, was also indicted on a first-degree murder charge in Polk County.

Carlos L. Barada, 33, was also indicted on a first-degree murder charge in Polk County.

Operator: Ladies and gentlemen, welcome to the OceanFirst Financial Corporation Second Quarter 2023 Earnings Release. My name is Glenn and I will be the operator for todays call.

Community banks expected the Fed’s rate increases to help them, but instead they are hurting

Lenders in coveted locations with stable deposit bases are bullish about their expansion opportunities despite the shadow the banking crisis and recession fears have cast on the rest of the industry.

Shares in small banks have plummeted during this year's banking crisis. But deposits have largely stabilized and credit quality remains historically strong, bolstering the case for bargain buying and a sector rebound.

In the wake of spiking interest rates and surging deposit costs, bankers are looking for ways to scale back their overall expense bases to protect their bottom lines.

Fort Lee-based Cross River bank admits no fault in consent decree released last week by the FDIC with malpractice accusations.

New Jersey lost 2,600 jobs in March in a sign that the days of rapid job growth might be ending. But employers are still on the hunt for workers.