United Jersey Bank is facing a multimillion-dollar loss and lawsuits stemming from the bankruptcy of a customer allegedly involved in a massive wire fraud.

The bank's client, Payroll Express Corp., Elizabeth, N.J., filed for bankruptcy June 5, claiming negative net worth of more than $24 million, including $5.9 million owed to Hackensack, N.J.-based United Jersey Bank, a unit of UJB Financial Corp.

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