Trump Loan Probe Casts Spotlight on a Small New Jersey Lender
- Investors Bank loaned money to Trump for Park Avenue building
- Firm is said to be subpoenaed with Deutsche Bank this week
Pedestrians pass in front of Trump Tower in New York.
Photographer: Allison Joyce/Bloomberg
A new line of inquiry into President Donald Trump’s business dealings is thrusting a small New Jersey lender into a spotlight with Deutsche Bank AG, which for years has been better known as the real estate mogul’s creditor of choice.
Investors Bancorp Inc., based in Short Hills, was sent a subpoena by New York Attorney General Letitia James late Monday as her office looks into Trump’s efforts to finance real-estate projects and a failed bid to buy the National Football League’s Buffalo Bills, a person familiar with the matter said Tuesday. While Deutsche Bank, also subpoenaed, has long drawn attention for working with Trump, Investors Bank has drawn relatively little public scrutiny.