The Bank Slate


Cross River in NJ forms investment banking division

Cross River Bank in Fort Lee, N.J., has formed an investment banking division.

CRB Group, the parent of the $8.7 billion-asset Cross River, said in a press release that CRB Securities will be led by Benjamin Samuels and Henry Pinnell, who will serve as co-heads of investment banking.

Samuels previously served as co-head of alternative capital and Morgan Stanley, while Pinnell was a senior managing director at SVB Securities and led fintech investment banking.

“We are proud to launch our investment banking division of our broker-dealer with two well-respected professionals in the industry, combining decades of experience in both the fintech industry and capital markets,” Gilles Gade, Cross River’s CEO, said in the release.

Samuels and Pinnell “are tasked with enhancing even further our product offering to our fintech partners and beyond, enabling us to solve the distinct needs of each and every client,” Gade added.

CRB Securities has been focused on assisting clients with privately placed credit transactions, including asset-backed securities.

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