Professional Services

 

The Professional Services team, a specialty group within the Commercial Banking division, provides a full suite of loan and deposit products to professional firms of all sizes. With deep expertise in serving law, accounting, engineering, and architectural firms, as well as their partners and clients, we offer peace of mind through one dedicated team delivering solid guidance, advice, and holistic banking solutions.

Loan Size:

• $3 million to $25 million

Client Profile:

• In market footprint: primarily firms located within the tri-state area or with primary offices in New Jersey; New York and surrounding areas
• Firms with annual revenues of $3 million or higher with special exceptions

Products:

For the Firm:

• Lines of Credit for working capital
• Term loans to finance capital expenditures including leasehold improvements and practice acquisitions and buyouts
• Owner-occupied commercial mortgages
• Stand-by letters of credit used typically as rent security
  
• Customized escrow deposit products for both IOLTA/IOLA and client interest bearing funds
• A full suite of customized Treasury Management solutions including online wire/viewing capabilities and fraud protection services
  

For the Partner:

• Personalized loan, deposit, and investment services including access to our Wealth Management Financial Planners
• A dedicated Professional Services point of contact
• The same individual who manages the needs of the firm(s) also oversees those of its partner
• Partner capital loans to allow new equity partners to buy into their firms or enable existing Partners to increase their contributed capital