Greater Paramus News and Lifestyle Magazine

Freeholders, Mayors & Local Business Leaders

Celebrate Cross River Bank Open

By Mel Fabrikant

Saturday, November 8, 2008

More than 400 business, civic and political leaders gathered this week to celebrate the grand opening of Cross River Bank, the area's newest community bank. Teaneck Mayor Kevie Feit and Englewood Mayor Michael Wildes were joined by Bergen County Freeholder Director Tomas Padilla and other elected and appointed officials to cut the ribbon for the new branch located at 885 Teaneck Road, just across from the Teaneck Library.

The theme of the event, held on Election Day eve, was an old-time political rally. Red, white and blue flags, balloons, and straw hats were in abundance, and the crowd was entertained by live banjo music and picture-taking with Barack Obama and Sarah Palin impersonators.

"The response we received far exceeded our expectations for the evening, both in terms of new accounts and relationships opened and the scope of community representation," said Chairman Gilles Gade.

Cross River Bank also donated one quarter of one percent (.0025) of the proceeds of accounts opened that evening to the Center for Food Action in Englewood.

Cross River offers personal and business banking and lending. For personal accounts, there are no monthly maintenance fees, no check printing fees, no ATM fees anywhere or anytime, competitive yields on checking and savings accounts, no-cost internet banking and bill payment using the bank's Iconnect platform, and debit/credit cards with reward programs.

Its business banking services include no monthly maintenance fees, free first order or business checks, no-fee business debit/credit cards, merchant services, remote check deposit capabilities, internet banking with bill payment using Iconnect, cash management services, and competitive yields on business savings accounts.

"What sets Cross River apart, however, is its emphasis on lending. The bank has already added numerous loans to its portfolio from real estate, precious metals and manufacturing companies," said Cross River President and CEO Frank N. Goffreda.

"Some community bankers are cautiously optimistic about the market, saying that borrowers confused by the mortgage mess demand and deserve more personalized service, such as the ability to handle customer-service problems borrowers might have. The key to our success will reside in making borrowers understand that there's more to the mortgage relationship than just getting a loan."

"We are here to assist our community and are open for business, not to turndown loans. We are still closing numerous lending transactions, even in the current environment," added Goffreda.

The Bank is also offering a nine-month, fully FDIC-insured certificate of deposit at a 4% APY.

For more information visit or call (877)-552-7255. Cross River Bank is a member of the FDIC.


Reproduced from The Paramus Post
Saturday, November 8, 2008
by Michael J. Wildes, Mayor, City of Englewood
2-10 N. Van Brunt Street
Englewood, NJ 07631




Paid for by Friends of Michael J. Wildes For Mayor, Assemblyman Arnold Brown, Treasurer

250 Allison Court, Englewood, NJ 07631