The potential for large out-of-state banks to operate branches in New Jersey - a prospect that would be facilitated by a bill currently before the state Senate - is an impending threat to community banking as we know it, and to small businesses and their communities by extension.

The Interstate Banking/Branching Bill, which passed the state Assembly last spring and is due for a second reading before the Senate this term, would allow increased branching into the New Jersey banking community by domestic and foreign financial institutions.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.