If this page doesn't display properly in your email, click here. July 10, 2013
New Jersey Bankers Association
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Fed Finalizes Basel III Capital Rules

The Federal Reserve Board finalized its rule implementing the Basel III regulatory capital framework and related Dodd-Frank Act changes. The rule reflects in several important ways the significant input from thousands of ABA member banks and all of the state bankers associations, with important improvements from the original proposal.

The 972 pages of the complex rule will require careful review and analysis by ABA staff and consultation with ABA members over the coming days and weeks. “Basel III exists because Basel I and II didn’t get it right,” said ABA President and CEO Frank Keating. “For that reason, we shouldn’t expect this rule to be perfect either -- it’s clear that more needs to be done.”   Read more

FHLBNY Begins Director Election Process; Gerald H. Lipkin is NJBankers Recommended Candidate


The Federal Home Loan Bank of New York announced that it is soliciting nominations for Directors to serve on its Board of Directors for terms commencing on January 1, 2014.  In total, six Directorships will be up for election in 2013. Two of these Directorships will reflect the addition of two new seats to the Board.

At its May 15, 2013 meeting, the NJBankers Board of Directors unanimously named Gerald H. Lipkin, chairman, president & CEO, Valley National Bank, headquartered in Wayne, NJ, as the New Jersey recommended candidate.   Read more

BCG, Inc. NEWS - Affordable Care Act Mandate Delay

The U.S. Department of the Treasury announced last week that it will delay implementation of the employer mandate penalties and reporting requirements until 2015. It also says it will simplify the reporting requirements. The news is particularly important to large employers (50 or more employees) who will not be subject to penalties in 2014, as originally required under the law, if they do not offer affordable coverage that meets minimum value as defined under the Affordable Care Act (ACA).   Read more

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NJBankers Hosts 2013 Annual Golf & Networking Outing

NJBankers 2013 Annual Golf & Networking Outing
Monday, August 12, 2013
Fiddler's Elbow Country Club, Bedminster, NJ

Join NJBankers for a great day of networking and a great day of golf. Enjoy beautiful host course - Fiddler's Elbow in Bedminster, NJ, as well as an evening networking reception overlooking the courses.   Read more

BankHorizons 2013

BankHorizons 2013
Wednesday, November 20, 2013
Resorts Casino Hotel, Atlantic City, NJ

The New Jersey Bankers Association and The Warren Group invite you to join us on Wednesday, November 20 at BankHorizons, the region’s largest, most valuable and productive banking conference and tradeshow.

You’ll gain access to more than a dozen all-new educational sessions, 60+ vendor exhibits and opportunities to network with hundreds of bankers from across the mid-Atlantic region at its new and exciting location at the newly-remodeled Resorts Casino Hotel, in Atlantic City. Read more

Publicizing Your REO Property - Free Webinars!

NJBankers is proud to announce its newest service for our members. REOdeedwagon.com allows banks to showcase their real estate for sale in front of an audience of potential buyers that extends well beyond local markets. Created by bankers for bankers and their clients, REOdeedwagon.com provides buyers and sellers a simple, easy-to-use resource for identifying, acquiring or disposing of Real Estate Owned (REO) properties. These properties are in possession of the banks as a result of foreclosure or forfeiture.  Read more

Endorsed Service Provider EverFi CEO Tom Davidson Named Ernst & Young Entrepreneur of the Year 2013 Greater Washington, DC Award Winner

Endorsed Service Provider EverFi, Inc., the leader in critical skills education, today announced that its founder and CEO, Tom Davidson, has been named an Ernst & Young Entrepreneur of the Year 2013 Greater Washington, DC Award winner. The awards program recognizes entrepreneurs who demonstrate success and excellence in areas such as innovation, financial performance and personal commitment to their businesses and communities. Winners were recognized at an awards gala in McLean, Virginia.  Read more

Century Savings Bank Makes Donation to Spirit and Truth Ministries

Century Savings Bank staff presented a check and donated items to Spirit and Truth Ministries. From left to right: Ashley Jones; Deborah Springfield, assistant vice president of Human Resources; Shakera RainnerAnne Outland, branch manager; Rev. John Fordyce, president of Spirit and Truth Ministries; Willie Scott; and Jennifer Martinez.    Read more

Columbia Bank Foundation Grant Helps New Sharon Volunteer Fire Company #1

Columbia Bank, through their Columbia Bank Foundation, recently presented a $12,320 grant to Deptford’s New Sharon Volunteer Fire Company #1.  The grant will be used to purchase a new fire house generator that will allow for continued operations during emergencies, disasters and power interruptions. 

Shown participating in a special presentation are (from left) Mark Schott, Columbia Bank’s regional vice president; Kimberly Nolan, Columbia’s Deptford branch manager; Battalion Chief Frank Ellis, Jr., and Firefighters Rob Dessin, Jr., Frank Ellis, Sr., and Demetrios Sypsomos.   Read more

Heritage Community Bank Awards Dover High School Students with Financial Literacy Certifications

Heritage Community Bank proudly awarded Freshman and Sophomore Dover High School students with a certification in financial literacy upon successful completion of the “Heritage Community Bank Financial Literacy Challenge” at a ceremony. Alexis Schoerner, Heritage Community Bank’s vice president and regional branch manager (bottom far left), Delvis Rodriguez, Dover High school principal (bottom far right), and Dover High School teachers, Robert Ambrosino (top far left) and Cynthia Gensinger (top far right) supported and recognized the achievements of students who participated in the “Heritage Community Bank Financial Literacy Challenge”.   Read more

Kearny Federal Savings Bank Volunteers Coach Elementary School Students

Forty-four employees of Kearny Federal Savings Bank recently presented Junior Achievement (JA) curriculum, specifically tailored for the 1st – 5th grade level, to the Mott Elementary students in Trenton and McKinley Elementary students in Newark. Bank employees volunteered at Mott Elementary School in Trenton.   Read more

Millington Savings Bank Awards College Scholarships to Eight Outstanding Graduating Seniors

Michael A. Shriner (center), president & CEO, Millington Savings Bank, recently presented $500 scholarships to eight graduating seniors from local area high schools.  Pictured with Shriner are (l to r):  Jordan Smith (Bernards High School), Bobby Tamburri (Ridge High School), Allison Lukacsko (Bernards High School), Mark DiDonna (Watchung Hills Regional High School), Peter Padula (Bridgewater-Raritan High School), Emma Triantis (Bridgewater-Raritan High School), Matthew Lane (Ridge High School), and Dana DiSarno (Watchung Hills Regional High School). 

Photo: Christensen Tamburri Communications

  Read more

Roselle Savings Bank Recognizes Ridge High School Senior with Outstanding Business Student Award


Ridge High School has selected graduating senior Sean Conway as the recipient of the 2013 Roselle Savings Bank Outstanding Business Student Award. Congratulating Sean Conway (2nd from right), Ridge High School graduating senior, as the recipient of the 2013 Roselle Savings Bank Outstanding Business Student Award are (l to r):  Frank Howlett, Ridge High School principal, Maureen Wright, Roselle Savings Bank Bernardsville branch manager, and Gina Donlevie, Ridge High School assistant principal.   Read more

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