NEWARK, N.J. - Newark-based City National Bank is among seven New Jersey banks that have invested nearly $500,000 in New Community Development Loan Corp., the first community-based multibank investment corporation in New Jersey.

Established by New Community Corp., a Newark-based community development organization, New Community Development will offer community-based financing to small businesses that in turn will create jobs in the Newark area.

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.