If this page doesn't display properly in your email, click here. August 1, 2012
New Jersey Bankers Association
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NJBankers Seeking Basel III Comments

On June 7, 2012, the Federal Reserve Board approved three proposals implementing the Basel III capital standards. The Basel III proposals could fundamentally change how banks calculate their regulatory capital requirements. The proposals would increase the minimum levels of required capital, narrow the definition of capital and increase the risk weight assets for various asset classes.

Given the potential impact of the proposed capital guidelines, NJBankers will be submitting a comment letter on the proposals. We would welcome any issues or concerns that you would like us to raise in our comment letter. Please send your comments to John McWeeney at jmcweeney@njbankers.com no later than August 17th. We also urge our member banks to submit their own comment letters directly and to be specific as to how the proposed capital guidelines will impact your institution.     Read more

 
FDIC Announces Regulatory Calendar for Community Banks

The FDIC announced the development of a regulatory calendar to help banks stay up-to-date on changes in federal banking laws, regulations, and supervisory guidance.  The calendar will be designed to summarize regulatory developments and highlight key dates to facilitate industry comment and compliance.     Read more

 
Emr Retiring From Team Capital Bank

Steven T. Emr, Somerset regional president for Team Capital Bank, announced his retirement effective July 31, 2012.   Read more

 
Kearny Federal Savings Bank Announces Promotions

Carmine DiSomma has been promoted to first vice president and director of Internal Audit.  He has been with Kearny Federal Savings Bank since 1999.  He is a Certified Public Accountant.

Peter A. Cappello, Jr. has been named first vice president and director of Commercial Lending.  He previously served as second vice president and director of Commercial Lending.   Read more

 
Lakeland Bank Appoints Harry Neinstedt, Jr. to SVP, Team Leader, Commercial Lending

Harry Neinstedt, Jr. is based at the Lakeland Bank office in Montville.  He has 35 years of banking experience.   Read more

 
 Events
NJBankers 2012 Annual Golf Outing
Monday, August 13, 2012
Fiddler's Elbow Country Club, Bedminster, NJ
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Director Online Training
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Upcoming Conferences - Mark Your Calendar
View Upcoming Events
County League and Other Industry Meetings
View Other Meetings







August 15 is Deadline to Apply for NJBankers Education Award

The New Jersey Bankers Association is once again pleased to announce the availability of a Savings Bond award through its Education Award Program.  The program was established in 1998 to encourage the further education of employees of NJBankers member institutions in financial institution management; to promote the industry’s interests; and to provide career opportunities and support for employees of NJBankers members.

Eligibility requirements and application materials were mailed out to managing officers and Human Resources managers.  Employees interested in this program should apply by August 15, 2012.  Read more

 
Ocean City Home Bank Hosts Walk for the Wounded September 29th

Over the past three years the Walk for the Wounded event, sponsored by Ocean City Home Bank, has raised more than $125,000. Proceeds from the walk benefit Operation First Response, a nonprofit organization that provides both financial and emotional support to wounded soldiers and their families.     Read more

 
NJBA Service Corp. Solicits Associate Members Interested in Select Service Provider in "Internal Audit Outsourcing" Service Category

NJBankers is currently accepting Requests for Proposals (RFPs) from those Associate Member firms dealing with Internal Audit Outsourcing. Those Associate Member firms interested in becoming a Select Service Provider in this category are asked to contact Jenn Zorn at (908) 272-8500, ext. 611 to review the program and membership process no later than August 10.   Read more

 
Allstate New Jersey Announces Olympic Summer Promotion

The promotion runs from August 1 to September 28, 2012 with Grand Prizes of a Kindle Fire or $200 Gift Card.   Read more

 
SHCPF Offers Members Vehicle to Meet CRA Loan and Investment Tests

NJBankers Endorsed Provider Senior Housing Crime Prevention Foundation (SHCPF) recently reported that New Jersey banks have loaned or invested over $11.6 million to help provide safe, crime-free living environments to over 1,180 New Jersey seniors that reside in nursing homes, HUD senior housing communities and veterans' homes.  Eight NJBankers members are participating in this program that provides them a vehicle to meet both CRA loan and investment test requirements. 

The phone number to reach Sue Shaffer, vice president, is 901-529-4787 or you can email her at  sue.shaffer@shcpfoundation.org.  Visit www.shcpfoundation.org to learn more about the program and the foundation.   Read more

 
NJBankers Annual Senior Management Conference

Registration is now open 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."   Click here for registration information.   Read more

 
Nominations Are Now Open for New Leaders in Banking Honors

The New Jersey Bankers Association and New Jersey Banker magazine are accepting nominations for our New Leaders in Banking honors. This program recognizes the upcoming stars of the banking industry.

Please nominate an individual that should be considered for this year's recognition. Self-nominations are acceptable.  Nominations will close on September 7, 2012.  Winners will be chosen by an independent committee and will be notified by early October.  Awards will be distributed at a dinner event on Thursday, November 1, 2012 at the Tropicana Resort in Atlantic City.   Read more

 
Join NJBankers for BankHorizons 2012

BankHorizons 2012
8:00 a.m. to 2:30 p.m.
Friday, November 2, 2012
Tropicana Casino & Resort, Atlantic City, NJ
Join us for BankHorizons and Discover What the Future Holds...    
Read more

 
Banking Equipment for Sale

Somerset Savings Bank has a Kardex Lektriever Series 2000 for sale. The equipment was purchased new in April 2004 and the unit is still under service agreement. The asking price is $4,500. The purchaser must arrange for the unit to be removed at their expense.   Read more

 
E-Advertising with NJBankers Makes $en$e

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

 
NJBankers Bulletin Poll Results

The results from last week's survey question - Where are the increased costs of compliance primarily reflected at your institution?  The majority of respondents indicated:  In house compliance staffing.

In response to the previous week's question:  At a recent meeting of the NJBankers Operations & Technology Committee, members discussed the book Bank 2.0, which said that the traditional brick & mortar branches are disappearing primarily due to electronic banking. What do you see in the next 10 years?   Most respondents agreed: Branches may decrease somewhat; will evolve from transactional to consultative role.   Read more

 
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