Provident Financial Services, the parent company of Provident Bank, and Lakeland Bancorp, the parent company of Lakeland Bank, received regulatory approval from the Federal Reserve to complete their previously announced merger. read more

APR 12, 2024 - 6:20 am

According to the Federal Reserve’s November Beige Book report, there has been a slowdown in overall economic activity over the last month, with expectations “diminished” for the next six to 12 months. read more

DEC 1, 2023 - 7:00 am

The Federal Reserve announced on Thursday stated that it will maintain the target range for the federal funds rate between 5.25% and 5.5%. The Fed made a similar decision in September, pausing its run of hikes aimed at curbing rising inflation that began in March 2022. read more

NOV 3, 2023 - 7:06 am

The Board of Governors of the Federal Reserve System granted its approval of the previously announced combination of Banc of California and PacWest and their respective bank subsidiaries. read more

OCT 20, 2023 - 6:30 am

The Federal Reserve released its October Beige Book, while little to no change in overall economic activity was reported month over month, banks reported weaker loan demand as prices continued to increase. read more

OCT 20, 2023 - 6:10 am

On Wednesday, the Federal Reserve announced that it will raise the target range for the federal funds rate to between 5.25% and 5.5%, marking a quarter point increase and its fourth such move of 2023 following a pause in June.  read more

JUL 27, 2023 - 6:59 am

According to Capstone Partners’ recently released Q1/23 Capital Market Update, total middle-market merger and acquisition volume declined 14.3% year over year in Q1/23. However, middle-market deal volume continued to outperform the broader M&A market. read more

JUN 22, 2023 - 6:52 am

The Federal Reserve announced on Wednesday that it will maintain the target range for the federal funds rate at 5% to 5.25%, noting that economic activity and job gains have expanded since it last raised rates in early May. read more

JUN 15, 2023 - 6:04 am

The Federal Reserve announced that it will raise the target range for the federal funds rate to between 5% and 5.25% on Wednesday, marking a quarter point increase and its third such move of 2023 and 10th since it began its efforts to curb rising inflation last March. read more

MAY 4, 2023 - 7:14 am

Citing a report from the Federal Reserve, Reuters reported that between March 29 and April 5, U.S. commercial bank deposits rose, while there was a slight decline in loans and leases. read more

APR 17, 2023 - 7:09 am

The Federal Reserve announced that it will raise the target range for the federal funds rate to between 4.75% and 5% on Wednesday, marking a quarter point increase and its second such move of 2023. read more

MAR 23, 2023 - 7:24 am

The Federal Reserve announced that it will raise the target range for the federal funds rate to between 4.5% and 4.75%, marking a quarter point increase. The move was less drastic than its seven rate increases in 2022, with all but one of those lifting rates by three quarters of a point. read more

FEB 2, 2023 - 7:10 am

The Federal Reserve announced that it will raise the target range for the federal funds rate to between 4.25% and 4.5% on Wednesday, marking a 0.5% increase and the seventh overall increase this year. read more

DEC 15, 2022 - 7:13 am

In its latest move to tame inflation, the Federal Reserve announced that it will raise the target range for the federal funds rate to between 3.75% and 4% on Wednesday, marking the sixth increase this year. read more

NOV 3, 2022 - 7:22 am

The Federal Reserve continued its efforts to curb rising inflation on Wednesday, announcing that it will raise the target range for the federal funds rate to between 3% and 3.25%, marking yet another 0.75% increase following similar actions in June and July. read more

SEP 22, 2022 - 7:38 am