If this page doesn't display properly in your email, click here. January 23, 2013
New Jersey Bankers Association
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NJBankers Education Foundation Donates $5,000 to Rutgers University to Aid Veteran Students

The Trustees of the New Jersey Bankers Education Foundation recently presented a $5,000 scholarship to the Office of Veteran Affairs at Rutgers University at the Economic Leadership Forum in Somerset, NJ. These funds are used to assist veteran students facing temporary financial hurdles in continuing with their education.   Read more

 
Beige Book: Pace of Growth Modest or Moderate; New York and Philadelphia Districts Rebounding from Immediate Impacts of SuperStorm Sandy

 Reports from the twelve Federal Reserve Districts indicated that economic activity has expanded since the previous Beige Book report, with all twelve Districts characterizing the pace of growth as either modest or moderate. Since the previous Beige Book, activity in the New York and Philadelphia Districts rebounded from the immediate impacts of SuperStorm Sandy.   Read more

 
CFPB Issues Rules to Prevent Steering Consumers into Risky Mortgages

The Consumer Financial Protection Bureau (CFPB) is issuing rules to prevent any mortgage lenders from steering borrowers into risky and high-cost loans.   Read more

 
Treasury and IRS Issue Final Regulations to Combat Offshore Tax Evasion

The U.S. Department of the Treasury and the Internal Revenue Service (IRS) have issued final regulations implementing the information reporting and withholding tax provisions for the Foreign Account Tax Compliance Act (FATCA). According to Treasury and the IRS, these provisions target non-compliance by U.S. taxpayers using foreign accounts. The issuance of the final regulations establishes a common intergovernmental approach to combating tax evasion.   Read more

 
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FFIEC Proposes Guidance on Social Media

The Federal Financial Institutions Examination Council (FFIEC) has issued proposed guidance on the applicability of consumer protection and compliance laws, regulations, and policies to activities conducted via social media by banks, savings associations, and credit unions, as well as nonbank entities supervised by the Consumer Financial Protection Bureau and state regulators. Read more

 
Readers say Dodd-Frank Compliance Costs are Biggest Threat to Banks in 2013

Responses to the survey in the January 9, 2013 issue of the Bulletin:

What is the biggest threat to banks' bottom line in 2013?

52% of responders said "Dodd-Frank compliance costs"

34% of responders indicated "Interest rates"

10% responded "Basel III capital requirements"

3% of responders answered "Legal settlements and regulatory fines"  

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

 
Stand Out! . . . 2013 Sponsorship, Exhibiting & Advertising Opportunities

NJBankers has developed the Stand Out! . . . 2013 Sponsorship, Exhibiting & Advertising Opportunities for our Associate Members that offers a summary of promotional opportunities at seminars, conferences, and publications throughout the year.    Read more

 
Provident Financial Services Celebrates 10 Years of Trading on NYSE

Executives of Jersey City-based Provident Financial Services – the holding company for Provident Bank – visited the New York Stock Exchange (NYSE) to celebrate the company’s 10th anniversary of trading on the NYSE. To mark the occasion, Chairman, President and CEO Chris Martin rang the NYSE Closing Bell.   Read more

 
Susan M. Schumann, VP /Millington Savings Bank Announces Retirement

Millington Savings Bank has been serving customers in Somerset and Morris counties for over 100 years. And as one of the bank’s long-time employees, who has been an integral part of the bank’s history close to a third of those years, Susan Schumann has announced her retirement from banking as of January 31, 2013.   Read more

 
Valley National Bank Promotes John Siberio and Chip Woodbury

            

Valley National Bank announced the promotion of John Siberio to First Senior Vice President – Central Division Manager of Retail Banking and Chip Woodbury to Senior Vice President – Senior Credit Officer of the Retail Lending Division. Read more

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

DEADLINE EXTENDED- FEBRUARY 1, 2013

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. 

The deadline has been extended to February 1, 2013. Please submit your entries as soon as possible or contact Emily DeMasi at edemasi@njbankers.com.    Read more

 
NJBankers Service Awards Recognize Milestone Anniversaries

NJBankers recognizes individuals celebrating milestone anniversaries through the NJBankers Service Award program. Employees and directors of member institutions celebrating their 15th, 20th, 25th, 30th, 35th, 40th, 45th, and 50th years of service to the banking industry will be recognized during the upcoming NJBankers Annual Conference. Those being recognized will be included in the Service Awards booklet which will be distributed at the Conference and hand delivered or mailed with a certificate following the Conference; outside directors certificates will be presented at the Directors & Managing Officers Conference on March 15, 2013.    Read more

 
Order Your 2013 Financial Services Directory Early to Guarantee Your Copy

NJBankers now has more members and associate members than ever before. This in-depth guide to the New Jersey banking industry is the place to get information about and contact information for banks and the companies who support them with products and services. By purchasing a directory, you also help support the association since the revenue generated from directory sales benefits NJBankers.   Read more

 
Join Us at the 109th NJBankers Annual Conference

We are pleased to open registration material for the NJBankers 109th Annual Conference. The Breakers in Palm Beach, Florida, will be the site of this year's annual conference.   Read more

 
Advanced IRA Issues Compliance Seminar

Tuesday, February 19, 2013
Registration 8:30 a.m. – Program 9:00 a.m. – 4:00 p.m.
Crowne Plaza Monroe, Monroe Township, NJ
Read more

 
Directors and Managing Officers Conference- NEW

Friday, March 15, 2013
Renaissance Woodbridge Hotel, Iselin, NJ  

Boardroom intelligence is more important than ever and NJBankers Directors and Managing Officers Conference will help steer your board for the challenges ahead. We have assembled a program of outstanding speakers to help your directors become a strategic asset for your financial institution.  

Registration now open.   Read more

 
New Jersey Chamber of Commerce - Walk to Washington

January 31 – February 1, 2013
Marriott Wardman Park Hotel, Washington, DC

The New Jersey Chamber of Commerce’s 76th annual Walk to Washington and Congressional dinner is fast approaching and this year, in addition to the usual activities associated with this event, the Chamber plans to honor those who are leading the way in the effort to recover, rebuild and ReNEW JERSEY.   

For more information, and to register for the Walk, please contact Lauren Barraza at lbarraza@njbankers.com. Through a partnership with the Chamber, NJBankers will benefit from sales when registrations are made through our association for purchase of combination tickets.    Read more

 
SAVE THE DATE - Meetings Not to Miss in 2013

NJBankers is beginning the New Year with plenty of timely events. Mark your calendar now to make sure you don’t miss out.    Read more

 
PMC IRA Reference Manual and Desk Reference New for 2013 - NJBankers members automatically receive a 10% discount

Take advantage of PMC’s discounts and save up to 30% off the individual price of the IRA Reference Manual and IRA Desk Reference.  NJBankers members automatically receive a 10% discount.    Read more

 
NJEDA Presents Final "Access to Capital" Forum for Businesses Impacted by Superstorm Sandy

This forum will offer bankers an opportunity to network with local economic development leaders, and state and federal agencies regarding access to capital.   Read more

 
Bank of America Student Leaders Program Accepting Applications

The Bank of America Student Leaders Program has recognized more than 1,800 high school juniors and seniors who have a passion for improving their communities. The program helps students gain a greater understanding of how nonprofits create impact in the community and helps develop them as the next generation of community leaders through two components. Applications are due by January 25, 2013.   Read more

 
Individual Seeks Employment

Senior Executive (Chief Risk Officer) seeks position.    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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