If this page doesn't display properly in your email, click here. October 17, 2012
New Jersey Bankers Association
Legislative Update
Applications Bulletin
Regulatory Bulletin
Buy-Sell Loans/Participations
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Last Call to Register for Bankers Legislative Day in Trenton

Last call to register for Bankers Legislative Day in Trenton
October 22, 2012
Trenton Masonic Temple
100 Barrack Street, Trenton, NJ 08608

This year’s program includes Acting Commissioner of Banking and Insurance Ken Kobylowski who will discuss the state of banking in New Jersey and NJ State Treasurer Andrew Sidamon-Eristoff who will present information regarding New Jersey’s fiscal state.  Both speakers join a line-up of legislative leaders who will provide updates on the key legislative issues impacting the New Jersey economy.  The program will also include a luncheon reception.

This event provides a wealth of information while demonstrating the strength of the NJ banking industry to the administration and legislators.  We ask that members send at least one representative from your financial institution to this very visible event in Trenton.

 9:00 a.m.        Registration/Continental Breakfast
 9:30 a.m.        Welcome
                          Kevin Cummings, Chairman, NJBankers
                          President and CEO, Investors Bank
 9:30 a.m.        Keynote Address:  The State of Banking in New Jersey
Ken Kobylowski, Acting Commissioner
                          New Jersey Department of Banking and Insurance 
  9:50 a.m.       Andrew P. Sidamon-Eristoff New Jersey State Treasurer
10:30 a.m.      The Hon. Stephen Sweeney, Senate President
11:00 a.m.      The Hon. Jon Bramnick, Assembly Republican Leader
11:30 a.m.      Refreshment Break
11:45 a.m.      The Hon. Gary Schaer, Chairman, Assembly Financial 
                          Institutions & Insurance Committee and
                          The Hon. Jack Ciattarelli, Assemblyman (District 16)
12:45 p.m.       Lunch
  1:30 p.m.       Statehouse Tours and Legislator Visits
  1:30 p.m.       Adjournment
* Program subject to change

CLICK HERE to register.      Read more

Basel III Comment Deadline is Next Monday, October 22nd

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

The comment deadline of October 22, 2012 is almost here (next Monday).  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

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Fed Beige Book: Economic Activity Generally Expanded Modestly

Reports from the twelve Federal Reserve Districts indicated that economic activity generally expanded modestly since the last report.  The New York District noted a leveling off in economic activity, but in general, other Districts reported that growth continued at a modest pace.  Overall loan demand increased slightly on net since the last Beige Book.  The New York and Philadelphia Districts reported stronger loan demand on balance. Most Districts reported an increase in mortgage lending, especially for refinancing purposes.   Read more

FDIC Issues Final Rule on Enforcement of Subsidiary and Affiliate Contracts

The final rule permits the FDIC, as receiver for a financial company whose failure would pose a significant risk to the financial stability of the U.S. to enforce contracts of subsidiaries or affiliates of the covered financial company despite contract clauses that purport to terminate, accelerate or provide for other remedies based on the insolvency, financial condition or receivership of the covered financial company.   Read more

ABA Elects Officers and Board Members for 2012 - 2013

Members attending the American Bankers Association’s annual convention in San Diego elected new officers and directors to serve on ABA’s board for the 2012-2013 association year.

Matthew H. Williams, chairman and president of Gothenburg State Bank, Gothenburg, NE is the new ABA chairman.   David C. Darnell, Co-COO, Bank of America has joined the board of directors. Continuing their terms as board members are Norman E. Beatty, chairman, president and CEO, First Hope Bank; S. Todd Maclin, Co-CEO Consumer and Community Banking, JP Morgan Chase Bank; and Laura A. Schulte, president, Eastern Region Community Banking, Wells Fargo.     
Read more

CFO Conference with FMS NY/NJ - NEW

Friday, November 22, 2012
Renaissance Woodbridge Hotel, Iselin, NJ

Join NJBankers and the Financial Managers Society NY/NJ Chapter for our annual half-day seminar.  This year's CFO Conference program is designed for CEOs, CFOs and other c-level and senior bank managers.

The conference kicks off with an Economic Update presentation by Dr. James W. Hughes from the Edward J. Bloustein School of Planning and Public Policy of Rutgers University.  Dr. Hughes will be followed by Tal Sheer and Dave Thornton of Crowe Horwath, who will provide an Accounting / Tax Update.  After a break, attendees will hear from Stephen King and Martin M. Caine, of Wolf & Company, P.C. on Compliance and Safety and Soundness Issues.  

The conference will conclude with a Basel III Update & ERISA / DOL Fiduciary Responsibilities for CFO’s with Dennis Gibney, FinPro Inc. and Donna Massanova, ParenteBeard.   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

Coming Soon! New Jersey Banker Digital Edition

In approximately four weeks, New Jersey Banker, the NJBankers magazine, will be available in a digital format, a perfect complement to the print magazine and easily viewable on your smartphone or tablet.   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

2012 BSA / Anti-Money Laundering Seminar

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

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

The New Jersey Bankers Association, in partnership with the Federal Deposit Insurance Corporation, is 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

FDIC Hosts Middlesex County CRA Community Development Forum

Thursday, November 8, 2012; 8:30 a.m. – 1:00 p.m.
(Registration and Continental breakfast begin at 8:30 a.m.)
The St. John Neumann Banquet & Conference Center
146 Metlars Lane, Piscataway, NJ 08854

The FDIC Middlesex County CRA Community Development Forum will provide valuable insight regarding community development from the regulatory perspective.  It will encourage participants to share information about community development priorities, needs and opportunities and hear about potential partnership opportunities to further community development in the communities you serve. 

The Forum is an opportunity to discuss community and economic development issues, showcase new and existing projects that may be eligible for consideration under CRA.   Read more

Rutgers Business School Presents Risk Management Conference

Friday, November 9, 2012
Rutgers Business School financial Institutions Center
1 Washington Park, Newark, NJ 07102

NJBankers members are invited to attend a conference sponsored by Rutgers Business School.  The Risk Management in a Fast Changing Regulatory Environment Conference will be held on Friday, November 9, 2012 from 8:30 a.m. to 3:45 p.m. at the Rutgers Business School Financial Institutions Center, 1 Washington Park, Newark, NJ 07102.  
Read more

SAVE THE DATE - 2012 Commissioner's Banking Symposium

The New Jersey Department of Banking and Insurance is hosting the 2012 Commissioner’s Banking Symposium November 28, 2012, from 8:30 a.m. to 3:00 p.m. at Battleground Country Club in Manalapan, NJ.  This event is always informative and a great opportunity to network.

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

The Raritan Valley Community College Foundation Presents Cyber Security: The Next Frontier

Tuesday, October 30, 2012
9:00 a.m. to 12:30 p.m.
The Theatre at RVCC
118 Lamington Road, Branchburg, NJ 08876

This informative and timely program will bring representatives from business, healthcare, IT, financial services, legal affairs, law enforcement and security, and the education sectors to the RVCC campus to learn about new developments in cyber security and effective strategies for companies, organizations and individuals to protect their technology infrastructure and online information.

John J. Farmer, Jr., dean of Rutgers School of Law-Newark and senior counsel for the 9/11 Commission, will moderate three panel discussions. Topics to be addressed include an overview of the cyber security industry and current cyber security threats to the private sector; exposure and legal issues associated with privacy of information; and best practices for companies to bolster their cyber security defenses.   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

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

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

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

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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