New Jersey

The billionaire investor will soon step down from the New Jersey company's board as he prepares to become Commerce secretary. The appointment, however, shouldn't force any changes in his firm's holdings or its investment in the banking sector.

Anthony Labozzetta, CEO of Sussex Bancorp in New Jersey, isn't afraid of change. His unusual approach to banking helped Sussex emerge from the financial crisis with momentum. Now he's building a branch model that could serve as a blueprint for growth-minded banks.

Sun Bancorp in Mount Laurel, N.J., the $2.1 billion-asset parent of Sun National Bank, said independent director Anthony Coscia will serve as chairman of both starting Dec. 31.

Malvern Bancorp in Paoli, Pa., is planning to open a commercial lending office in a new market.

A community bank in New Jersey has raised millions in funding from Silicon Valley's star fintech venture capitalists.

A small New Jersey bank that is a so-called rent-a-charter partner of more than a dozen marketplace lenders has raised millions of dollars from some household names in the venture capital world.

Sun Bancorp’s third-quarter profit declined, as the Mount Laurel, N.J., recorded almost $3 million of one-time gains a year ago. Sun’s expenses, however, continued to improve.

As banks grow and their business models become more complex, some find that adding a general counsel to the staff makes sense. Bank SNB in Stillwater, Okla., says hiring one allowed it to reduce its legal fees by 80%. Here are the pros and cons.

Valley National Bancorp in Wayne, N.J., had stronger quarterly profit that reflected improved revenue.

The $4 billion-asset company said in a press release Friday that the notes will bear an initial fixed interest rate at 5.1%. The debt will mature in 2026.