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Press Release

Cross River Opens New Branch in Brooklyn

June 22, 2021

Leading commercial real estate and small business lender to offer additional banking services

Company’s second banking branch welcomes new customers across New York City

BROOKLYN, N.Y.—Cross River Bank (“Cross River”), a technology-forward community bank known for its robust commercial real estate lending and deep market knowledge, today announced that its Brooklyn Banking Branch is now offering additional local service to new and existing clients and customers. The Branch, which officially opened on April 15, 2021, was established to greater serve Cross River’s customers and broader communities in the tri-state area with personal and business banking services, commercial real estate lending, healthcare financing, small business lending and financial literacy programming.

“Cross River was founded on the tenets of working with a purpose and serving our community,” said Kathy Nelson, Chief Operating Officer of Cross River. “We are now open in Brooklyn to greater deliver for our customers with the service you’ve come to know and love from Cross River.”

Founded in 2008 in Teaneck, New Jersey, Cross River is an FDIC-insured bank, as well as an Equal Housing Lender. When clients bank with Cross River, they enjoy a secure personal banking experience, with no monthly maintenance or check printing fees, cash management and merchant services, and competitive yields on both Checking and Savings accounts, among other benefits. Cross River’s Commercial Real Estate and Small Business Lending teams possess deep market knowledge to assist property owners, investors, small businesses and institutions in accessing the right financing product with a simplified and efficient approval process, resulting in faster closing times.

“We already serve your commercial real estate and small business needs, and now you can bank with us as well, right in your own backyard,” said Gregory Wassinger, Cross River Brooklyn Branch Manager. “My team and I are excited to be opening and expanding our customer-first, white-glove level of service in Brooklyn and are ready to serve businesses and families across the community.”

Cross River is deeply committed to serving the needs of its surrounding communities, and its Brooklyn Banking Branch is also home to HOPE Inside Cross River, a community center that provides financial programming and coaching center in partnership with Operation HOPE. The center serves both youth and adults with financial literacy and training to equip them with the financial knowledge and tools to create a secure future.