Kroll Bond Rating Agency Assigns BBB- Senior Unsecured Debt Rating for CRB Group, Inc.

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) has assigned a senior unsecured debt rating of BBB- and short-term debt rating of K3 for CRB Group, Inc. (“CRB”), a bank holding company headquartered Fort Lee, New Jersey. In addition, KBRA has assigned senior unsecured debt and deposit ratings of BBB, a subordinated debt rating of BBB-, and short-term debt and deposit ratings of K3 for the subsidiary bank, Cross River Bank (“Cross River” or “the Bank”). The Outlook on all long-term ra