Company Profile
- CRB Group, Inc. (“CRB” or “the company”) is the bank holding company for lead subsidiary, Cross River Bank (est. 2008) (“the bank”), headquartered in Fort Lee, NJ. The company’s operating strategy is centered around banking-as-a-service (BaaS), providing technological forward payments solutions and settlement services as well as partners with select third-party platforms to provide depository solutions.
- CRB is a leader in the marketplace lending space (MPL), originating roughly $16 billion in consumer marketplace loans in 2024. The MPL business line is CRB’s leading revenue generator, representing over 50% of total revenues in 2024. While the balance of the HFS portfolio can vary significantly from quarter-to-quarter based on timing of loan sales (CRB had $2.1 billion in loans HFS at 4Q24), the risk retention portfolio of the MPL business was at $353 million at 4Q24.
- The HFI portfolio is largely comprised of loans originated through its…