The Bank Slate

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Cross River parent adds retired financial execs to its board

CRB Group in Fort Lee, N.J., has added three directors.

The parent of the $8.9 billion-asset Cross River Bank said in a press release that Roland Fryer, Richard Laxer and Gabrielle Vitale had joined its board.

Laxer retired as chairman and CEO of GE Capital in 2018. Vitale was global chief compliance and ethics officer at American Express when she retired.

Fryer, a professor of economics at Harvard University, is co-founder of Equal Opportunity Ventures, an early-stage seed fund.

The new directors have a “proven track record in financial services, risk management and technology,” Gilles Gade, Cross River’s chairman and CEO, said in the release.

Cross River has been operating under a consent order with the Federal Deposit Insurance Corp. that requires the bank to secure FDIC approval before signing on any new fintech clients.

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