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
"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,"
The Bank is also offering a
nine-month, fully FDIC-insured certificate of deposit at a 4% APY.
For more information visit www.crossriverbank.com or call (877)-552-7255. Cross River Bank is a member of the FDIC.
Reproduced from The Paramus
Paid for by Friends of Michael J. Wildes For Mayor, Assemblyman Arnold Brown, Treasurer
250 Allison Court, Englewood, NJ 07631