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banks

Stamato Op-Ed: NJ needs public banking

Policy Fellow Linda Stamato argues for the establishment of a public bank in New Jersey, emphasizing the potential benefits it could bring to the state's economy and communities. She highlights how public banks, unlike commercial banks, prioritize local interests by...

NJ Residents Wondering if Their Money Could be at Risk in the Bank

After the closures of Silicon Valley Bank in California and Signature Bank in New York, some New Jersey residents are voicing concerns about the possibility of bank closures in the Garden State, and what that could mean for individual account holders. According to...

NJ Downtowns Are Breathing New Life Into Empty Old Banks

Downtown banks used to be where eager home buyers applied for mortgages, workers cashed hard-earned paychecks, and youngsters watched nickels and dimes grow in their first savings accounts. But in recent decades, ATM machines and online banking have made these once...

Shore banks make money; why are they nervous?

"I think for New Jersey it's been an improvement, but a little more guarded (than the nation)," said John McWeeney, president and chief executive officer of the New Jersey Bankers Association. The trade group teamed up with the Edward J. Bloustein School of Planning...

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