If this page doesn't display properly in your email, click here. June 29, 2012
New Jersey Bankers Association
Legislative Update
Applications Bulletin
Regulatory Bulletin
Buy-Sell Loans/Participations
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NJBankers Visits Regulators in Washington
A Washington Success

This week, NJBankers Chairman Kevin Cummings led a group of 30 bankers to Washington for the NJBankers Annual Regulatory Visit.  The meetings were a success. Members met with Richard Cordray of the CFPB, Daniel Tarullo of the Fed, Jennifer Kelly and Dan Stipano of the OCC, and FDIC Chairman Marty Gruenberg as well as representatives from the ABA and ICBA. Topics of interest included the burdens of unintended consequences stemming from regulation particularly focusing on the effect of Basel III on capital; past FED actions as well as suggestions on how to successfully comment on future rule proposals; the sensitivity that Thrifts have with a new regulatory regime and that the list of troubled banks is shrinking; and the insurance fund is growing, an indication of growing strength in the industry.   Read more

Bulletin to be Published on Wednesdays

Beginning on July 11th, the Bulletin will be published on Wednesdays. There will be no issue next week due to the Independence Day holiday. Read more

FinCEN Report Shows Mortgage Loan Fraud SARs Down in Q1 2012

Nine percent of all SARs filed in Q1 2012 show that mortgage loan fraud, as an activity characterization, is down from 14 percent in last year’s initial quarter.  Meanwhile, the 205,301 total SARs filed in this year’s first quarter were 10 percent higher than the 186,331 SARs submitted at the same time in 2011.

Of the top 20 states in mortgage loan fraud SAR subjects, California and Florida remain the highest ranked followed by New York and Illinois.  New Jersey ranks number six in 2012 Q1 rank by volume.  By county, Bergen County is ranked 18th in the nation in mortgage loan fraud SAR subjects per capita. Read more

FDIC to Conduct Community Bank Info Sessions on Basel III Proposals

The FDIC will conduct six regional informational sessions with community bankers on the two recently issued Basel III regulatory capital proposals that affect their institutions in late July and early August.

The regional informational sessions will be conducted in New York on July 23rd. Read more

NJBankers 2012 Annual Golf Outing
Monday, August 13, 2012
Fiddler's Elbow Country Club, Bedminster, NJ
  Read more
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Upcoming Conferences - Mark Your Calendar
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County League and Other Industry Meetings
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Magyar Bank Names Jon R. Ansari Executive Vice President

Magyar Bank has announced that Jon R. Ansari has been named Executive Vice President, Chief Financial Officer. 

Mr. Ansari has been with Magyar Bank for 13 years and most recently was Senior Vice President, Chief Financial Officer. 
Read more

Guest Contributor: Can You Dot-Bank on It?

Frank Keating, president and CEO of the American Bankers Association discusses new generic top-level domain names and the importance of protecting “.bank” so only trusted representatives of the financial services community would control the operations of financial domains. Read more

2013 NJBankers' New Jersey Financial Institutions Directory Information Gathering

During June, Accuity, the publisher of the Directory, sent a Request for Information to member banks to begin the updating process for the 2013 edition.  To ensure updated information is provided in the new directory, members should return the completed RFI to Accuity no later than July 27, 2012.  Read more

Going Green!

A Ribbon Cutting at Cox Printers/SpectraMedia in Linden, showcased their Green initiative.  The company is hoping to become the first printer in the country to boast a zero carbon footprint through self-production and carbon offset purchases.

Pictured from left to right:  Kevin Cummings, president/CEO Investors Bank and chairman of NJBankers; Michael Kaufman, president Cox Printers; Mayor of Linden Richard Gerbounka; and Martin Rubin, president SpectraMedia.
Read more

NJBankers Annual Senior Management Conference - Save the Date

Please be sure to mark your calendar and save the dates for NJBankers Annual Senior Management Conference.  This year's conference will be held from Wednesday to Friday, September 12 – 14, 2012 at the Borgata Hotel Casino & Spa in Atlantic City, NJ.

An informative program is being planned with the theme "Progress in New Jersey."   Registration material will soon be available. Read more

NJ Chamber of Commerce Seeks Banker Input on Regional Innovation Cluster & Infrastructure Project

PlanSmart NJ, in partnership with the NJ State Chamber of Commerce, is preparing a report to add to the work of the Administration on "Regional Innovation Clusters" in the state's new Strategic Growth Plan. NJBankers members and associate members are encouraged to participate in a short online survey (http://www.surveymonkey.com/s/MK2DDYC) to assist in gathering information for the project.

This is a great opportunity for New Jersey's banking industry to be heard and participate in this important economic initiative.  Your response to the survey needs to be completed by June 29th. Your assistance would be appreciated. Read more

Exclusive Employee Program for NJBankers Member Bank Employees from Constellation Energy

Exclusive Employee Program for New Jersey Bankers Association Member Bank Employees.

NJBankers and Constellation Energy have joined together to add some energy to your Employee Benefits Program.

Did you know you now have a choice when purchasing electricity for your home? NJBankers Association has teamed up with Constellation Energy to provide you and your employees an exciting offer of a low home electricity rate* and a $50 Visa® Prepaid Card* Read more

NJ Banks Champion Financial Literacy in Local Schools

Hundreds of students across New Jersey were certified in financial literacy this year after completing the EverFi™ Financial Literacy web-based program. This initiative was made possible through the generous support of Kearny Federal Savings Bank, Grand Bank, and Capital One Bank who have sponsored the learning platform in high schools throughout New Jersey.

In the 2012-2013 academic year, Roselle Savings Bank, RSI Bank, and Boiling Springs Bank will be coming on board to sponsor additional high schools throughout the state, and EverFi is currently seeking additional bank sponsors to cover key districts.

EverFi will help your bank build innovative financial literacy programs in your community that increase bank visibility, demonstrate community involvement, and link you with potential customers in an exclusive way.
Read more

Health Savings Accounts Continue to Grow!

HSA membership has more than doubled since 2008.  With more and more people opening these tax-favored savings plans to help ease escalating medical costs, you owe it to your customers – and your organization – to get up to speed on how HSAs work.

The best, fastest, most reliable, and cost effective way is with PMC’s New HSA Quick Reference and Training Guide.   Read more

Allstate New Jersey Supports the NJBankers Education Foundation with Matching Grants

Allstate New Jersey will provide matching grants to the New Jersey Bankers Education Foundation for each auto quote the company receives until June 29, 2012. Allstate is an endorsed provider of the the NJBankers.

The New Jersey Bankers Education Foundation was established in 2005 to honor fallen or permanently disabled military members in the post - 9/11 Afghanistan and Iraq conflicts by providing scholarships to their eligible dependents. Read more

NJBankers Introduces Our Inaugural Select Service Providers

The New Jersey Bankers Association Introduces our Inaugural Select Service Providers...Optimum Systems Plus and Purchasing Assistant™.

The new Select Service Provider membership with NJBankers is a non-exclusive endorsement of certain products/services for a group of associate members from a particular field of service. The providers in each category of select providers will be promoted to NJBankers membership as a whole as having been vetted by the association.

Those Associate Member firms interested in becoming a Select Service Provider in this category or interested on what the next categories in the program will be, are asked to contact Jenn Zorn at 908-272-8500, ext. 611 to review the program and membership process. Read more

Last Week's Poll Results - Nearly 60% of Respondents Agree the Banker-Examiner Relationship has "Thawed"

Nearly 60% of  all respondents believe the banker-examiner relationship, once described as "testy," has now "thawed."  Read more

E-Advertising with NJBankers Makes $en$e

The NJBankers Bulletin reaches over 5,000 subscribers in each weekly issue. Read more

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