Company Information

Get to know city national bank of new jersey

Founded in 1973, City National Bank of New Jersey (CNB of NJ) was a Newark-based, minority-owned and operated commercial bank dedicated to serving the urban community. As a designated Minority-owned Depository Institution (MDI) and a Community Development Financial Institution (CDFI), its mission was to provide banking services to individuals, small businesses, and non-profit organizations, with a focus on fostering economic growth in underserved areas. In November 2019, City National Bank of New Jersey was acquired by Industrial Bank, the oldest and largest African American-owned commercial bank in the United States, expanding Industrial Bank's footprint into the New Jersey market.

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city national bank of new jersey

United States

Founded in

1973 (53 Years)

Founded

Last online: No recent activity

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.