If this page doesn't display properly in your email, click here. November 14, 2012
New Jersey Bankers Association
Legislative Update
Applications Bulletin
Regulatory Bulletin
Buy-Sell Loans/Participations
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BankHorizons and New Leaders Dinner Rescheduled - December 12 & 13 - Mark your Calendars!

Due to Hurricane Sandy, NJBankers' New Leaders in Banking recognition dinner and BankHorizons trade show and educational sessions were cancelled. Both have now been rescheduled:

Wednesday, December 12, 2012   (Exhibitor Set Up and New Leaders Awards Dinner)
Thursday, December 13, 2012        (BankHorizons Conference and Tradeshow)
Tropicana Resort, Atlantic City, NJ

Updated program and registration information will be available soon.  We look forward to seeing you there!   Read more

FDIC New York Region Regulatory Teleconference: Flood Insurance Compliance and an Examiner's Perspective

Monday, December 3, 2012
2:00 p.m. Eastern Standard Time

On December 3, 2012, the FDIC's New York Region will host a Regional Regulatory Teleconference.  The subject of the call is “Flood Insurance Compliance and an Examiner's Perspective.”

The 90 minute session will discuss the regulatory expectations for Flood Insurance compliance, including common pitfalls and potential violations that could result in civil money penalties.

The teleconference is primarily open to FDIC-supervised institutions in the New York Region. Bank directors, officers, and staff members are welcome to participate. Participants may call in from any location and are not required to be onsite at their institution.   Read more

Federal Agencies Delay Basel III Adoption for Banks

In light of the volume of comments received and the wide range of views expressed during the comment period, the agencies do not expect that any of the proposed rules would become effective on January 1, 2013.

Thanks to all NJBankers members who sent comment letters to the regulators.   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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FDIC Issues FIL for Meeting the Financial Needs of Customers Affected by Hurricane Sandy and its Aftermath

The FDIC noted that although the effects of natural disasters on local businesses and individuals can be devastating, they often are transitory.  The FDIC recognizes that efforts to work with borrowers in the affected communities can be consistent with safe-and-sound banking practices and in the public interest.   The OCC had issued Supervisory Guidance on Natural Disasters and Other Emergency Conditions on September 21, 2012.   Read more

Federal Home Loan Bank of New York Responds to Hurricane Sandy with $1 Billion in Disaster Relief Funding

The funding is available to nearly 340 community-based lenders to help rebuild communities in New Jersey and New York designated by FEMA as disaster areas. The funds are being made available by the FHLBNY through its Community Lending Programs (CLP) to be used as immediate gap financing.   Read more

Join Us for New Jersey's Most Important Economic Conference

Friday, January 11, 2013
The Palace at Somerset Park, Somerset, NJ

Join the New Jersey Bankers Association and the state’s most important business leaders as we lay out and discuss the vital issues affecting the Garden State.  An impressive and dynamic group of speakers will gather once again to give a benchmark for New Jersey’s economic outlook in 2013.  Presenters will touch on New Jersey’s most important business sectors at this year’s New Jersey Economic Leadership Forum – the most far-reaching conference on the issues that shape our state.  Kick off the New Year with economic insiders who will give insight to the region’s financial future.   Read more

NJBankers Board Appoints Nominating Committee

The NJBankers Board has appointed Frank Kissel, Peapack-Gladstone Bank; Thomas Holt, Bank of America; William Moss, Two River Community Bank; Jill Schafhauser, Roselle Savings Bank;  and Angela Snyder, Fulton Bank of New Jersey, to serve on the Nominating Committee for 2013.  They will meet prior to the March Board meeting, at which time they will present the recommended slate of officers for the 2013-2014 term.      Read more

Tell Your Bank's Story Through the 2012 Community Service Award Program

NJBankers wants to give your bank the opportunity to get the recognition it deserves for its community service initiatives.  The Community Service Award program highlights the significant impact New Jersey banks have on their local communities.  Without your help, we cannot tell our story.

We know that you are a vital part of the communities you serve.  We get your press releases and see your community initiatives in the media all the time.  But your participation in this program solidifies all you do in the communities you serve by highlighting your activities and giving you the opportunity to show it off.  And especially in these challenging times, it’s even more important to stress and display your participation in the communities you serve.   Read more

Federal Home Loan Bank of New York Directors Election Update

NJBankers urges all eligible members to vote for the incumbent New Jersey director, Jay M. Ford, president and CEO of Crest Savings Bank.  Mr. Ford is completing one full four-year term and currently serves as chairman of the Audit Committee and as a member of the Strategic Planning Committee.  His opponent is a representative from a New Jersey credit union.

Completed ballots are due back at the FHLBNY no later than 5:00 p.m., Thursday, December 6, 2012.   Read more

Rumson-Fair Haven Bank & Trust Company Announces Senior Management Changes

The Board of Directors of Rumson-Fair Haven Bank & Trust Company announced several senior management changes effective immediately.

Stephen Tyler, a director, founder and former president and chief executive officer of the bank has been elected interim chairman of the board.  The Board named F. James Hutchinson, current chairman, as president and CEO.   Read more

David Boone Joins Atlantic Stewardship Bank

Atlantic Stewardship Bank recently announced the appointment of David C. Boone of Hillsdale as Vice President, Residential Lending Manager.  He will serve at the Bank’s North Haledon Office located at 33 Sicomac Road.

Mr. Boone has 27 years relevant experience, most recently as 1st V\ice President, Manager of Residential Mortgage for a large regional bank.       Read more

Operations & Technology Roundtable

Tuesday, December 4, 2012
Crowne Plaza Monroe, Monroe Township, NJ

Just Added: Lessons Learned from Hurricane Sandy.  The New Jersey Bankers Association’s Operations & Technology Committee is pleased to present another in a series of interactive roundtable programs on topics of interest to bankers.  This session, Emerging Technologies, will include presentations and roundtable discussions.   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 on 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

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

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 Scheer 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

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

New Jersey Bankers Association, Senior Housing Crime Prevention Foundation and American Bankers Association Present a Web Seminar: "Innovative Strategies for CRA Credit and Positive Public Relations"

Thursday, December 6, 2012 - 2:00 p.m. Eastern Time

This 30 minute web seminar will provide you with valuable information needed for your bank to earn CRA credit by making community development loans and investments in the Foundation while receiving a guaranteed annual yield and no credit risk or exposure. This program has been reviewed by all federal banking regulatory agencies and has passed the rigors of multiple regulatory exams.

Register today for this complimentary Web Seminar.  
Read more

Annual Joint Mortgage Lending Conference

Tuesday, December 11, 20120
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

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

Allstate New Jersey Holding Fourth Quarter 2012 Promotion

Allstate NJ is currently running it's 4th quarter 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.

Neil Greco, NJBankers primary contact at the Allstate Roseland agency, has graciously made the following offer:
If any employees of NJBankers members or associate members have been adversely impacted by Hurricane Sandy and the Nor'easter and need support, they may call him directly at 973-364-8040.  If they are an Allstate customer, they will do their very best to move the claim along.  If they are insured by another carrier and they simply want to talk about it, they may call as well.    Read more

E-Advertising with NJBankers Makes $en$e

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

Results of Poll Question on Disaster-Preparedness

Responses to the survey question in the November 7 issue of the Bulletin:
How do you grade your bank’s disaster-preparedness in the wake of Hurricane Sandy?

41% of responders said “Adequate”
32% indicated “Excellent”
27% responded “Needs Work”

Please note, this is not a scientific poll.  
Read more

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