Cross River Bank

Overview / Commentary
885 Teaneck Road
Teaneck, NJ 07666

Cross River Bank is headquartered in Teaneck and is the 16th largest bank in the state of New Jersey. It is also the 433rd largest bank in the nation. It was established in 2008 and as of September of 2019, it had grown to 250 employees at 1 location. Cross River Bank's money market rates are 4X the national average, and it boasts an A+ health rating.

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Reviews (1)

Not Ready For Prime Time

Posted by: |

This is a new bank that was financed by some Silicon Valley VC Fintech people -- amazingly, their website is awful and their account opening process is difficult if not impossible. Their disclosures say they "may" allow CD early withdrawals and they don't specify their early withdrawal penalty. I tried to open a new CD (their rates look good) but the application process rejected me and locked me out with no explanation. If this is the quality of their website and customer service before you are a customer, just imagine how difficult it will be when you try to get your money back! Stay away from this place until they know how to run an internet bank. Right now all they know how to do is raise money from venture capital investors!!!


Health Grade Components

FDIC Certificate #58410
Year Established2008
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.11%
Return on Equity - YTD17.45%
Annual Interest Income$108.3MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$2.00B$1.18B
LoansQ3 2019vs Q3 2018$1.63B$936.0MM
DepositsQ3 2019vs Q3 2018$1.50B$890.1MM
Equity CapitalQ3 2019vs Q3 2018$235.1MM$137.4MM
Loan Loss AllowanceQ3 2019vs Q3 2018$36.0MM$15.6MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$2.2MM$1.4MM
Real Estate OwnedQ3 2019vs Q3 2018$0$0
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Cross River Bank Savings Account Rates

1.92%--I Connect Savings
1.92%--E Connect Savings
1.92%--I Connect Select Savings
1.92%--E Connect Select Savings
1.51%--Prestige Business Savings

Cross River Bank Money Market Rates

1.82%--Money Market Account
1.82%--E Money Market Account
1.36%--Business Prestige Money Market Checking

Cross River Bank Checking Account Rates

1.71%--I Connect Select Checking
1.71%--E Connect Select Checking
1.36%--NJ IOLTA Checking
0.75%--Attorney Trust Escrow

Cross River Bank CD Rates

2.45%$500-48 Month CD
2.45%$500-Business 48 Month CD
2.40%$500-36 Month CD
2.40%$500-Business 36 Month CD
2.25%$500-24 Month CD
2.25%$500-Business 24 Month CD
2.20%$500-18 Month CD
2.20%$500-Business 18 Month CD
2.15%$500-12 Month CD
2.15%$500-Business 12 Month CD
1.01%$500-3 Month CD
1.01%$500-6 Month CD
1.01%$500-9 Month CD
1.01%$500-Business 3 Month CD
1.01%$500-Business 6 Month CD
1.01%$500-Business 9 Month CD

Cross River Bank Locations
Cross River Bank885 Teaneck RoadTeaneck, NJ 07666

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