Cross River Bank Asset Size Growth Track Record and Milestones

Cross River Bank has a remarkable track record of asset size growth, with a notable milestone in 2020 when its assets under management reached $6.3 billion.

The bank's asset size has consistently shown a significant increase over the years, with a notable jump from $1.3 billion in 2017 to $6.3 billion in 2020.

Cross River Bank's asset size growth can be attributed to its strategic partnerships and innovative approach to banking.

The bank's assets under management have continued to grow, reaching $8.1 billion by the end of 2022.

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Cross River Bank boasts total assets of $8,267,418k, showcasing its substantial scale and influential market presence.

The bank's total liabilities stand at $7,242,836k and total equity capital at $1,024,582k, providing valuable insights into its financial structure and stability.

Cross River Bank has achieved a significant milestone by surpassing $1 billion in commercial real estate financing over the past 12 months.

This milestone was reached through 65 loans nationwide, covering deals ranging from $380,000 to $50 million, supporting all sizes of real estate businesses and multiple asset classes.

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The bank's Commercial Banking Group (CBG) has demonstrated a strategic approach to portfolio diversity and innovation in adapting to borrowers' evolving needs.

Cross River Bank's total deposits amount to $6,233,867k, offering a comprehensive perspective on its financial landscape.

The bank's net loans and leases stand at $5,771k, and a meticulous analysis of income and expense components reveals valuable insights into its operational metrics.

Cross River Bank has been profitable since 2010, just two years after its inception.

The bank has consistently grown its top line and bottom line revenue, with an average increase of 50% year over year.

There have been some ebbs and flows in growth, but the bank has been growing steadily overall.

Cross River Bank plans to expand globally, driven by a desire to offer its services to a wider audience.

The bank currently has more than 800 employees and expects to have "north of 1,000" by the end of the year.

Cross River Bank is looking to buy "pockets of technology" to support its growth and expansion plans.

The bank is also gearing up to offer more crypto-related products and services, with a goal of becoming a leader in the space.

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