Cross River Bank


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!

Frustration Experts

Posted by: |

Stay away from this place. Overly complicated in putting in getting out ur money.

Don’T Do Business With This Bank!

I would give them zero stars if I could! Horrible experience getting my money out. It’s already been 2 weeks and don’t even have half of it out. I’m about to lose my dream home because escrow was already supposed to close but I can’t get my down payment to them because of this bank! They don’t even care and only send automated messages. They say to initiate transfers from my external accounts and then deny them. I regret ever doing business with this bank. Don’t do it! Put your money elsewhere!!

Great With PPP Would Try Them For Savings

Posted by: |

Cross River did a great and speedy job processing my PPP, my friend had a great experience too. Based on this I would give them a shot for banking.

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Health
B+

Data as of Q2 2021

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
Employees445
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.3%
Return on Equity - YTD64.05%
Annual Interest Income$275.1MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$14.32B$9.91B
LoansQ2 2021vs Q2 2020$13.43B$8.03B
DepositsQ2 2021vs Q2 2020$3.48B$3.04B
Equity CapitalQ2 2021vs Q2 2020$527.5MM$345.6MM
Loan Loss AllowanceQ2 2021vs Q2 2020$33.1MM$61.8MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$9.3MM$9.2MM
Real Estate OwnedQ2 2021vs Q2 2020$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Cross River Bank; we are a rate comparison website and cannot provide official rates or promotions.

Cross River Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.51%--I Connect Savings
0.51%--Prestige Business Tiered Savings
0.51%--E Connect Savings
0.51%--I Connect Select Savings
0.51%--E Connect Select Savings

Cross River Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%--Money Market Account
0.25%--E Money Market Account
0.07%--Business Prestige Money Market Checking

Cross River Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--I Connect Select Checking
0.10%--Attorney Trust Escrow
0.10%--E Connect Select Checking
0.07%--NJ IOLTA Checking

Cross River Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%$500-48 Month CD
0.40%$500-Business 48 Month CD
0.35%$500-36 Month CD
0.35%$500-Business 36 Month CD
0.30%$500-24 Month CD
0.30%$500-Business 24 Month CD
0.25%$500-18 Month CD
0.25%$500-Business 18 Month CD
0.20%$500-12 Month CD
0.20%$500-Business 12 Month CD
0.15%$500-6 Month CD
0.15%$500-9 Month CD
0.15%$500-Business 6 Month CD
0.15%$500-Business 9 Month CD
0.10%$500-3 Month CD
0.10%$500-Business 3 Month CD
Locations


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

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