Cross River Bank’s strategic direct lending team provided a $50 million credit facility to Cherry Technologies, a company that enables medical practices to offer flexible payment plans to their patients.
Cross River Bank, an New Jersey state-chartered FDIC-insured bank, closed its first loans under its recently developed lender finance platform. The loans totaled $19.125 million
Cross River Bank has launched several key initiatives to expand its Capital Markets portfolio and professional team. It also provided a $70 million warehouse facility to Idea Financial.
Cross River Bank appointed Arlen Gelbard EVP, general counsel and Geoffrey Kott SVP, head of Capital Markets and Corporate Strategy. Gelbard and Kott will report to Cross River Bank CEO Gilles Gade.