The Vault
Kearny Bank's blog sharing the secrets to banking happiness
January 2, 2024
Business Grants - Top Tips to Find Free Funding
Written by Veronica Ross | SVP / Director of Diversity, Equity, and Inclusion Based on the latest statistics, there are more than 230,000 women-owned business in New Jersey which contribute over $45 billion to the state’s economy. However, financing can be more difficult for women compared to male-owned business, and they often struggle to find the cashflow necessary to expand.
Read MoreDecember 11, 2023
Top Four Reasons Small Businesses Should Be on Your “Nice List”
Written by Andrea Guzzi | VP/Regional Sales & Development Officer It’s that time of year where we make an effort to put thought into the gifts that we buy for our loved ones. There’s a lot to be said for being able to touch these items with your own hands as opposed to shopping online.
Read MoreNovember 13, 2023
The Changing Landscape of Multifamily Commercial Real Estate
Written by Ryan Newberry | VP/Commercial Loan Officer New York City has always been a consistent source of business for Kearny Bank, but we're now seeing some fundamental changes which landlords need to be aware of. Over the years we have provided many multifamily real estate loans for the purchase and refinance of multifamily apartment buildings.
Read MoreOctober 30, 2023
5 Types of Collateral to Secure a Commercial Loan
Written by Robert Melchionne | SVP/Director of C&I Lending Lenders, including most community banks, almost always require collateral to secure a Commercial Loan for your business. Very simply put, collateral is security for the loan and helps to minimize the lender’s risk.
Read MoreOctober 23, 2023
10 Unusual Ways to Save Money Right Now
Written by Kendria Francis | VP/Regional Sales & Development Officer A hot topic that seems to be on EVERYBODY’S mind is the cost of living. We are seeing huge cost hikes on eggs, gas and many everyday necessities that make it extremely difficult for the average American family to make ends meet.
Read MoreOctober 16, 2023
Benefits and Considerations of Shared Services in Local Government
Written by Joseph Luppino, VP/Government Banking Officer Local Governments in New Jersey have a history of adopting a “Home Rule” governance. The Home Rule Act, enacted in the NJ Constitution in 1917, grants municipal governments broad authorities to adopt ordinance and regulations providing for public welfare, public safety, and land use laws.
Read MoreOctober 9, 2023
Top 3 Questions to Ask to Evaluate your Business Banking Relationship
Written by Michael Gambatese| Vice President / Private Client Relationship Officer A lot of business owners I meet nowadays seem to be fixated on a bank’s technology as a major factor in their decision-making process, but what happens when a live person is needed? Fancy technology features are important, don’t get me wrong, but business owners also need to factor into their decision the relationship they have with their bank’s employees and the safety of their funds.
Read MoreOctober 2, 2023
6 Benefits of working with a Financial Advisor
Written by Michael Reilly | Senior Vice President / Director of Investment Services Each of us are in different stages of life with different goals and objectives. We all have our own definition of success and an individual’s risk tolerance will always be different for everyone.
Read MoreSeptember 25, 2023
Is Pet Insurance Worth It For Veterinarians?
Written by Richard Conte | 2nd Vice President / Healthcare Relationship Officer As pet owners increasingly treat their pets like any other member of the family, their demand for high quality healthcare for their pets has created high expectations. Veterinarians are meeting these expectations by providing more sophisticated services and providing care such as MRIs, ultrasounds & laparoscopies for pets as technology improves.
Read MoreSeptember 18, 2023
5 Secrets To Mitigate Refinancing Challenges For Commercial Real Estate
Written by Gary Brozowski | SVP / Director of Commercial Real Estate Lending During the past 18 months, interest rates have increased dramatically for commercial real estate loans rising from a low of 3.25% in late 2020 to over 7% today. Financing for commercial real estate loans is based primarily on a spread over the corresponding US Treasury rate for a fixed rate loan, or based on a spread over the Prime rate for floating rate construction loans.
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