Cross River Bank is headquartered in TEANECK and is the 6th largest bank in the state of New Jersey. It is also the 185th largest bank in the nation. It was established in 2008 and as of December of 2024, it had grown to 868 employees at 2 locations. Cross River Bank has a B+ health rating.
PPP Mvps! Helping The Small Business Owners During Tough Times
This bank was a savior for me. I am a small business owner and the bank that I had my business account with (Great Western Bank) turned me away after day 3 of the PPP loan application process being open in 2020. I would have been absolutely out of luck if Cross River didn't offer these services to out-of-network customers like myself. I had never heard of this bank before but they were absolutely incredible at handling my PPP loan and forgiveness. I cannot thank them enough. I opened an account on this website just to write this review; that's how thankful I am. TRUE MVP's! Thank you for helping this small business owner!
Ppp Is A Hoax
I keep calling to understand why I owe them money, but the loan was forgiven. Put on hold and no one ever knows what is going on I am sure they just took the money and spent it. Their PPP was a scam.
Frustration Experts
Stay away from this place. Overly complicated in putting in getting out ur money.
Wire Transfer And Asked To Cancel It.
They have had my money for over 4 months now and won't refund me. What a scam. My bank tried to contact them and you are denied to refund back.
Data as of Q4 2024
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 58410 |
| Year Established | 2008 |
| Employees | 868 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.43% |
| Return on Equity - YTD | 3.71% |
| Annual Interest Income | $756.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $8.27B$8.71B |
| Loans | Q4 2024vs Q4 2023 | $5.77B$6.11B |
| Deposits | Q4 2024vs Q4 2023 | $6.23B$6.73B |
| Equity Capital | Q4 2024vs Q4 2023 | $1.02B$1.02B |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $126.8MM$108.6MM |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $154.7MM$128.7MM |
| Real Estate Owned | Q4 2024vs Q4 2023 | $0$0 |