City National Bank of New Jersey, founded in 1973, was a community bank dedicated to serving the financial needs of individuals, small businesses, and non-profit organizations primarily in New Jersey and New York. It was one of the few Black-owned banks in the United States, with a mission to provide access to capital and financial services in underserved communities. In 2019, City National Bank of New Jersey was acquired by Industrial Bank, a Washington, D.C.-based, Black-owned bank. This acquisition allowed Industrial Bank to expand its footprint into New Jersey and New York, continuing the legacy of community-focused banking established by City National Bank of New Jersey.
Historically, this building served as the main administrative and operational center for City National Bank of New Jersey, overseeing branch operations, loan processing, customer service, and strategic planning. Post-acquisition, it functions as a key Industrial Bank branch in New Jersey.
Located in a central business district of Newark, the building was easily accessible to the community it served. It represented a significant Black-owned financial institution in the region.
The work culture at City National Bank of New Jersey was characterized by a strong commitment to community service, personalized customer relations, and fostering local economic development. This ethos is aligned with Industrial Bank's values.
The headquarters was highly significant as the base of operations for one of the nation's minority depository institutions, playing a crucial role in providing financial services and support to minority communities and businesses in New Jersey.
City National Bank of New Jersey historically operated within the United States, specifically in New Jersey and New York. Since its acquisition by Industrial Bank, its operations are part of Industrial Bank's network, which primarily serves communities in Washington, D.C., Maryland, New Jersey, and New York. Neither bank had or has a significant international global presence, focusing instead on domestic community banking.
900 Broad Street
Newark
NJ
USA
Address: 481 Utica Avenue, Brooklyn, NY 11203
To provide accessible banking services, promote financial literacy, and support economic development within the diverse Brooklyn borough.
Address: 280 Malcolm X Boulevard, New York, NY 10027
To support the financial needs and economic vitality of the historic Harlem neighborhood, offering personal and business banking solutions.
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As of April 2025, City National Bank of New Jersey' leadership includes:
City National Bank of New Jersey has been backed by several prominent investors over the years, including:
As City National Bank of New Jersey was acquired by Industrial Bank in 2019, all executive leadership is now managed by Industrial Bank. No specific high-profile executive hires or exits directly attributed to the former CNB of NJ operations within Industrial Bank have been publicly announced in the last 12 months. Leadership changes occur at the Industrial Bank corporate level.
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Industrial Bank, which acquired City National Bank of New Jersey, likely uses standard corporate email formats. Common formats include [first_initial][last]@industrial-bank.com or [first].[last]@industrial-bank.com. For official communications, it is always best to use the contact forms or customer service channels provided on the official Industrial Bank website.
f[last]@industrial-bank.com (e.g., jdoe@industrial-bank.com)
Format
bdmitchell@industrial-bank.com (example based on common format for B. Doyle Mitchell, Jr.)
Example
70%
Success rate
American Banker • November 1, 2019
Industrial Bank in Washington D.C. announced its agreement to acquire City National Bank of New Jersey in Newark. This merger combined two historic Black-owned banks, expanding Industrial Bank's presence into New Jersey and New York....more
ROI-NJ • February 12, 2020
City National Bank of New Jersey officially completed its merger with Industrial Bank. The deal strengthened Industrial Bank's position as one of the largest Black-owned banks in the U.S. and expanded its services to City National's former customers in New Jersey and New York....more
Industrial Bank Website • July 10, 2023
Industrial Bank has reaffirmed its commitment to supporting small and minority-owned businesses in the New Jersey and New York markets, including those areas previously served by City National Bank of New Jersey, through various lending programs and community partnerships....more
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