If this page doesn't display properly in your email, click here. October 10, 2012
New Jersey Bankers Association
Legislative Update
Applications Bulletin
Regulatory Bulletin
Buy-Sell Loans/Participations
Web Seminars
Don't Miss Bankers Legislative Day October 22 in Trenton

NJBankers is proud to present Bankers’ Legislative Day on October 22nd in Trenton.  

Bank CEOs and Senior Management should be engaged in and aware of all legislation impacting the banking industry in New Jersey. The New Jersey Bankers Association is sponsoring the Fifth Annual Bankers Legislative Day in Trenton on Monday, October 22, 2012. State and legislative leaders will provide updates on the key legislative issues impacting the New Jersey economy. The session will also include a luncheon reception.         Read more

Deadline is Approaching for Comment on Basel III

Basel III is coming. You can do something. It’s even more important than Dodd-Frank!

The comment deadline is October 22. The time is NOW.

As proposed, Basel III will have a negative effect on businesses and employment, banks and consumers.

The critical public discussion of Basel III in the U.S. begins now. The basic concept of uniform adequate capital levels is a good one. The details and impacts on various groups, however, need to be fully and carefully evaluated. Basel III is not written with an understanding of American community banks. Given the differences in size/complexity of financial institutions, it only makes sense to tailor capital requirements to reflect size, complexity of the institution and its services, interconnectedness, characteristics of the markets served, impact on credit in those markets, and other factors. Lenders facing an uncertain future will take a cautious approach and restrict lending until the rules are clear. Banks will resist growth and expansion (thus hurting their customers) until there is certainty.      Read more

Douglas L. Kennedy Appointed CEO and Director of Peapack-Gladstone Financial Corporation

Douglas L. Kennedy has been appointed CEO and director of Peapack-Gladstone Financial Corporation.  Mr. Kennedy joins the company with nearly 35 years of commercial banking experience.

He served several terms on the board of the New Jersey Bankers Association. 

He has held key executive level positions with Summit Bank, Fleet Bank, North Fork Bank and, most recently, Capital One Bank.  At Capital One, he served as EVP/market president and was part of the Commercial Bank Leadership Team, Senior Credit Committee and Deposit Pricing Committee.  He was responsible for the bank’s commercial banking activities in the Northeast and Mid Atlantic as well as Capital One's charitable giving, community lending, government relations and local marketing in New Jersey.      Read more

Director Online Training
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Upcoming Conferences - Mark Your Calendar
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County League and Other Industry Meetings
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Angela Snyder to Receive 2012 Philadelphia Business Journal's Women of Distinction Award

Angela Snyder, CEO and vice chairman of Fulton Bank of New Jersey, and NJBankers board member, has just been named one of the 2012 Women of Distinction award recipients by the Philadelphia Business Journal.  The region’s most dynamic women will be recognized on Tuesday, November 27, 2012 at the Sheraton Downtown Philadelphia Hotel.   Read more

NJBankers in the News

NJBankers is often quoted in the media and we wanted to share a sound bite from NJ101.5 FM where president/CEO John E. McWeeney, Jr. comments on the number of bank branches that have been consolidated or closed in NJ as well as nationwide.

Mr. McWeeney discusses how customer preferences drive the method of banking which includes more mobile and web-based banking and less branching.  However, he notes that branches continue to service customer needs and are an integral part of the customer experience.   Read more

Guest Contributor - Connecting the Dots

ABA President/CEO Frank Keating discusses the importance of bankers to “connect the dots” for policymakers and the public. Bankers need to demonstrate the nexus between a healthy regulation of the banking industry and a vibrant economy that supports small businesses and jobs growth.   Read more

SAVE THE DATE - 2012 Commissioner's Banking Symposium

Hosted by the New Jersey Department of Banking and Insurance and Acting Commissioner Kenneth E. Kobylowski.

Wednesday, November 28, 2012
8:30 a.m. – 3:00 p.m.
Battleground Country Club
Manalapan, NJ

Acting Commissioner Kenneth E. Kobylowski and the Division of Banking invite you to join fellow banking executives and board of directors to discuss issues impacting financial institutions.  The Keynote speaker will be Loretta J. Mester, Ph.D., EVP/director of research at the Federal Reserve Bank of Philadelphia.  More information will follow once the program is finalized.

Seating is limited and early registration is recommended.     Read more

Richard Reisenauer Joins The Provident Bank

The Provident Bank announced that it recently hired Richard Reisenauer of Pearl River, NY as senior vice president and director of the bank’s middle marketing lending division.  He is based in the bank’s Iselin office and is responsible for all lending functions relating to customers with sales in excess of $15 million.      Read more

In Memoriam - John Stokes

John Stokes was a member of the board of directors at Clifton Savings Bank.  He passed away on September 30, 2012.  A veteran of the Korean War, he retired as president of Stokes Dairy Farms, Inc. in 1986.   Read more

Annual Human Resources Conference

Thursday - Friday, October 18-19, 2012
Caesar's Resort & Casino, Atlantic City, NJ

Join your co-workers and peers for two days of educational sessions and networking as the New Jersey Bankers Association once again presents the Annual Human Resources Conference. 

Last call - The hotel has advised they will continue to accept reservations at the preferred rate until this Friday, October 12th.    
Read more

Join NJBankers for BankHorizons 2012 - Registration is Now Open

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...    
Registration is now open.  
Read more

2012 BSA / Anti-Money Laundering Seminar - NEW

A One-Day Bank Secrecy Act Continuing Education Program
     Tuesday, November 27, 2012
     Renaissance Woodbridge Hotel, Iselin, NJ

Today’s bank regulatory environment has never been more challenging.  On top of the myriad changes from Dodd-Frank and regulatory reform, BSA compliance continues to be integral to the success of every financial institution.  From mandatory e-filing and new “dynamic” formats for CTR, DOEP and SAR reporting to enhanced exam expectations, the constancy of change continues to reinforce the need for continuing BSA/AML education. 

This program considers recent developments and the emergence of new risks.  Regulatory guidance and rulemaking are among the highlights, along with recent enforcement actions and examination findings.  Recent fines have extended to both the financial institution as well as to individual officers and directors.  In-depth analysis of FinCEN initiatives are covered, including new and proposed requirements.  This full-day working seminar is designed to explore in detail the nuances of managing risks associated with heightened expectations of BSA/AML compliance and to help financial institution professionals satisfy mandatory training requirements and benefit from networking and shared knowledge opportunities.   Read more

Directors College - Presented by NJBankers in Partnership with the FDIC - NEW

Thursday, December 6, 2012
Crowne Plaza Monroe, Monroe Twp, NJ

The New Jersey Bankers Association, in partnership with the Federal Deposit Insurance Corporation, are pleased to present a Directors College training program for the directors of financial institutions located in New Jersey.

The Directors College is an interactive, one-day seminar that provides ongoing education to bank directors on current topics and various elements of bank supervision. It is designed to help directors, both new and experienced, stay abreast of the ever-changing regulatory and economic environment. Now more than ever, directors are under constant pressure to remain current in their knowledge of the banking industry and the segment their institution serves.   Read more

Annual Joint Mortgage Lending Conference

     Tuesday, December 11, 2012
     Crowne Plaza Monroe, Monroe Twp., NJ

The New Jersey Bankers Association and the Mortgage Bankers Association of New Jersey join together once again to present the 2012 Joint Mortgage Lending Conference.

This annual one day event is a must if you want to hear the latest information relating to mortgage lending trends. The morning kicks off with a panel on the Ability to Repay, QM & Fair Lending, followed by remarks from NJ Department of Banking & Insurance Acting Commissioner Kenneth E. Kobylowski  and a Legal Update. Wrapping up the afternoon will be our luncheon keynote speaker, Patrick O'Keefe, director of Economic Research at J.H. Cohn, with a housing market update and a panel on Mortgage Loans Not Subject to QM or Ability to Repay Criteria, to sum up your day.

In addition to timely educational sessions, leading industry service providers will be exhibiting their latest products and services, allowing for an excellent opportunity to network with lending institutions from throughout the state!   Read more

PMC Hosting 36th Annual National IRA Conference

Pension Management Company presents their 36th Annual National IRA Conference October 15-17, 2012 in Sarasota, Florida.  The longest-running, most comprehensive IRA symposium of its kind in the country, the “National” provides the freshest information on every facet of IRA administration.     Read more

Endorsed Service Provider Deluxe Offers Complimentary Webinar: Is This the End of the Branch As We Know It?

The market is full of wide-ranging opinions about branches – here to stay, in need of overhauling, or a distribution network that must be significantly pruned.  In his book Branch Today, Gone Tomorrow, Brett King covers the topic in depth, raising thought provoking questions for banks of all sizes. 

A recent Cornerstone Advisors, Inc. benchmarking survey of 62 mid-size banks ($1 billion to $40 billion in assets) reports that the average bank branch opens just 17 consumer checking accounts and three business checking accounts per month – while simultaneously closing 15 consumer checking accounts.  This webinar will delve into realities like these, plus issues raised by Mr. King, to explore how the community bank branch can continue to thrive in today’s evolving market.

Deluxe will offer the seminar on Thursday, October 25th.   Read more

Marcus & Millichap Present the New Jersey Investor Symposium

The Most Informative Overview of the Real Estate Investment Market
     Tuesday, October 30, 2012
     7:30 a.m. – 11:00 a.m.
     Brooklake Country Club
     139 Brooklake Road, Florham Park, NJ 07932

NJBankers Associate Member Marcus & Millichap invites members to come to this most informative overview of the real estate investment market.   Read more

Senior Housing Crime Prevention Foundation Hosts 9th Annual Bankers Conference in Washington, DC

Learn More About An Innovative CRA Solution

Attend a Complimentary CRA Conference October 25-26, 2012

The Senior Housing Crime Prevention Foundation will host their annual Doing Well by Doing Good 9th Annual Bankers Conference October 25 and 26, 2012 at the Mayflower Hotel in Washington, DC.  This conference combines representatives from currently participating banks with prospective bankers who want to learn more about earning CRA credit while transforming and protecting the lives of nursing home residents across the country.  Being in the nation’s capital will bring insights from regulators on the current regulatory environment with a specific focus on CRA.

The Foundation provides complimentary conference registration, a travel reimbursement of up to $200 and one complimentary hotel room (including tax) for the night of October 25th.  One complimentary registration per bank.  The hotel space is limited, so signing up early is recommended.        Read more

The New Jersey Financial Institutions Directory Puts Your Company in Front of Industry Decision-Makers Year 'Round

Take advantage of the advertising opportunity in this in-depth guide to reach New Jersey’s banking industry.  Directories will be distributed to all member CEOs and associate member primary contacts as well as others in the industry.  Importantly, by advertising in the directory, you help support your Association!   Read more

Get Smart About Credit 2012

This year Get Smart About Credit will be celebrated on October 18th, with bankers connecting with youth and adults for credit education lessons throughout the month as well.   Read more

2012 Financial Institutions Compensation Survey Reports Available

NJBankers and Crowe Horwath LLP are pleased to announce the availability of the survey report which provides detailed information on salaries, benefits and human resource practices for 202 banking positions.  In addition to a report for the state of New Jersey, you may select a Comprehensive National Report that includes compensation data on financial institutions in multiple states.

If you are interested in purchasing the survey, please contact Candice Cullen of Crowe Horwath at candice.cullen@crowehorwath.com or 616-752-4288.   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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