Cross River Bank


Overview / Commentary
201-808-7000
400 Kelby St., 14th Floor
Fort Lee, NJ 07024

Cross River Bank is headquartered in TEANECK and is the 6th largest bank in the state of New Jersey. It is also the 183rd largest bank in the nation. It was established in 2008 and as of September of 2024, it had grown to 869 employees at 2 locations. Cross River Bank has a B+ health rating.

PPP Mvps! Helping The Small Business Owners During Tough Times

Posted by: |

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

Posted by: |

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.

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Health
B+

Data as of Q3 2024

Capitalization grade does not factor in PPP loans and the use of the PPP Liquidity Facility.
Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #58410
Year Established2008
Employees869
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.39%
Return on Equity - YTD3.38%
Annual Interest Income$579.6MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$8.44B$8.3B
LoansQ3 2024vs Q3 2023$5.77B$6.32B
DepositsQ3 2024vs Q3 2023$6.74B$6.38B
Equity CapitalQ3 2024vs Q3 2023$1B$1.01B
Loan Loss AllowanceQ3 2024vs Q3 2023$126.3MM$125MM
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$159.1MM$129.1MM
Real Estate OwnedQ3 2024vs Q3 2023$0$0
Rates

Sorry, we do not have rate data for Cross River Bank.

Locations


Cross River Bank Locations
Cross River Bank885 Teaneck RdTeaneck, NJ 07666
Brooklyn Branch Office2365 Nostrand Avenue Suite BBrooklyn, NY 11210

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