If this page doesn't display properly in your email, click here. October 24, 2012
New Jersey Bankers Association
Legislative Update
Applications Bulletin
Regulatory Bulletin
Buy-Sell Loans/Participations
Web Seminars
Abandoned Property Bill Headed to Governor's Desk
By Michael Affuso, Esq., SVP/Director of Government Relations

Last week the New Jersey General Assembly passed a bill that created a summary foreclosure process for abandoned properties by a vote of 79-0.  This bi-partisan bill already passed the Senate by a lopsided vote of 35-2.

The bill creates a summary action to foreclose when a residential property is deemed vacant and abandoned.  Under the bill, the lien holder may make an application to the court, at any time in the process, for a declaration that the property is vacant and abandoned.  The bill lists 15 criteria for the court to make such a determination and requires that at least two of the 15 elements are present.  Properties under construction or renovation cannot be deemed vacant under this bill.  Upon proper service of process, the court may rule by clear and convincing evidence that a property is abandoned.  The property will then proceed to sheriff sale in 60 days.   Read more

Bankers Legislative Day a Huge Success
By John E. McWeeney, Jr., President/CEO


On Monday October 22, NJBankers hosted its fifth annual Bankers Legislative Day at the Masonic Temple in Trenton.  Speakers included all of the major decision makers or their advisors.  The event was covered widely in the press.

Photo courtesy of Don Christensen, CTC Communications.     Read more

OCC Issues Guidance on Stress Testing

The OCC guidance reinforces that community banks, regardless of size, should have the capacity to analyze the potential impact of adverse outcomes on their financial conditions. The guidance details types of stress test methods that banks can use and provides an example of a simple stress test framework to consider.   Read more

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County League and Other Industry Meetings
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NJBankers Welcomes New Associate Members

NJBankers is pleased to welcome new Associate Members: Real Esate Mortgage Network, Inc.; SalesSource International; and Trepp LLC.   Read more

NJBankers and Crowe Horwath Offer Web Seminar on Compensation Survey

NJBankers and Crowe Horwath LLP invite members to join them on Thursday, November 8, 2012 from 9:30 to 10:30 a.m. for an informative web seminar covering information and highlights from the recently published 2012 Financial Institutions Compensation Survey.  This seminar will be presented by professionals from Crowe Horwath LLP who will provide practical suggestions on how to use the information in the survey and perspectives on industry trends.

This program will be of value to both survey participants as well as non-participants.         Read more

Registration Open for 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.

Registration is now open.  Seating is limited and early registration 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

Join NJBankers for BankHorizons NEXT WEEK

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...    

Last call to register!  
Read more

CFO Conference with FMS NY/NJ

Friday, November 30, 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 at Rutgers University.  Dr. Hughes will be followed by Tal Sheer and Dave Thornton of Crowe Horwath LLP, 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

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

Carrollo-Loeffler Joins Provident as First VP, Director of Residential and Consumer Lending

Barbara Carrollo-Loeffler of East Hanover has been named first vice president and director of residential and consumer lending at The Provident Bank.  Ms. Carrollo-Loeffler is based in the bank’s Iselin office and will be responsible for the production and effective operations of the newly merged unit, which consists of the residential and consumer loan departments.      Read more

NJ Bank Marketing Association Presents Forecast 2013 Seminar

The New Jersey Bank Marketing Association is presenting their annual Forecast on Thursday, December 6, 2012 from 8:30 a.m. to 11:30 a.m. at the Holiday Inn (former Crowne Plaza), Clark, NJ (Garden State Parkway exit 135).   A Continental breakfast will be served.

A distinguished panel of experts, Kevin Cummings, president and CEO of Investors Bank and current NJBankers Chairman; Dr. James W. Hughes, dean, Edward J. Bloustein School of Planning and Public Policy at Rutgers University; and Christopher Martin, chairman, president and CEO of The Provident Bank, will present their views on the government, banking and business climate for New Jersey in the coming year.      Read more

Endorsed Service Provider EverFi Presents Universal Authentication Solution at White House "Education Datapalooza"

NJBankers Endorsed Service Provider EverFi, Inc. is the leading education technology company focused on teaching, assessing, and certifying K-12 and college students in the critical financial skills they need for life.  EverFi recently presented its universal authentication solution, which allows students and teachers to access their online education resources using a single username and password, at the White House’s “Education Datapalooza,” an event highlighting innovators and entrepreneurs who are using freely available data to build products, services, and apps with the potential to advance educational achievement.   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

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 CohnReznick LLP, 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

Allstate New Jersey Announces Fourth Quarter 2012 Promotion

Allstate NJ has launched its newest promotion providing NJBankers members and associate members a unique value proposition.  For each quote for auto insurance received between October 15 and December 28, 2012, Endorsed Service Provider Allstate NJ will reward the member employee with a $20 gas card.  For each referral, receive a $10 gas card.  In addition, if you are an existing Allstate Auto Customer, you are now eligible for a $75 credit toward your next renewal.

The promotion runs from October 15 to December 28, 2012 with Grand Prizes of a Kindle Fire or $200 Gift Card.  
Read more

FDIC Hosts Middlesex County CRA Community Development Forum

Thursday, November 8, 2012 - 8:30 a.m. to 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

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

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

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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