If this page doesn't display properly in your email, click here. July 17, 2013
New Jersey Bankers Association
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Agencies Issue Proposed Rule Exempting Subset of Higher-Priced Mortgage Loans from Appraisal Requirements

Six federal financial regulatory agencies have issued a proposed rule to create exemptions from certain appraisal requirements for a subset of higher-priced mortgage loans. According to the agencies, the proposed exemptions are intended to save borrowers time and money and promote the safety and soundness of creditors. These requirements for higher-priced mortgages were imposed by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act).   Read more

 
CFPB Launches Regulatory Initiative for Debt Collection Practices

The Consumer Financial Protection Bureau (CFPB) has launched a regulatory initiative on debt collection practices. The CFPB released two bulletins which alert banks and other regulated entities about its concerns with current debt collection practices.   Read more

 
FinCEN Revises Armored Car Transaction Reporting

The Financial Crimes Enforcement Network (FinCEN) revised a ruling on how banks should complete a Currency Transaction Report (CTR) when cash is delivered or picked up by an armored car service.   Read more

 
BCG, Inc. NEWS - Affordable Care Act Mandate Delay

The U.S. Department of the Treasury announced on July 5th 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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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
 
Senior Management Conference - Sept. 25 - 27

The NJBankers Senior Management Conference provides the requisite knowledge and competencies for your financial institution’s success. The conference will focus on the impact of M & A, fraud, new residential mortgage origination and servicing regulations, risk-based approach to cyber security, employment law, political contribution risk management and future trends that will affect how you and your senior leaders will shape your bank’s future. The conference also includes an economic outlook for 2013 and beyond.   Read more

 
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

 
New Leaders In Banking - November 19

New Leaders In Banking
Tuesday, November 19, 2013
Resorts Casino Hotel, Atlantic City, NJ

The New Jersey Bankers Association and New Jersey Banker magazine are accepting nominations for the 2013 New Leaders In Banking honors. This program recognizes the upcoming stars of the banking industry.

Please nominate an individual that should be considered for this year's recognition. Self-nominations are also acceptable. Read more

 
BankHorizons 2013 - Vendor Registration is Open!

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

 
Endorsed Service Provider Confirmation.com Uncovers Multi-Million Dollar Financial Fraud

In less than nine months after uncovering the $215 million Peregrine Financial Group (PFG) fraud, Endorsed Service Provider Confirmation.com’s electronic audit confirmation service was used to uncover another financial fraud. This time it was hedge fund operator James A. Shepherd Inc., and the company’s owner, James A. Shepherd of Vass, North Carolina pled guilty to stealing millions of dollars from more than 100 investors over a seven-year period.    Read more

 
Publicizing Your REO Property - Free Webinar!

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

 
Get Ready for "Get Smart About Credit Day" and "Lights, Camera, Save!" Initiatives for Promoting Financial Literacy

The GSAC and LCA initiatives are a visible way to position your bank as a trusted partner for helping to educate young people -- and by extension communities – so they can thrive. NJBankers encourages members to participate in this highly visible initiative designed to help your institution facilitate financial literacy in the communities you serve.   Read more

 
Valley National Bancorp Chairman, President & CEO Gerald H. Lipkin Elected as a Class A Director to Federal Reserve Bank of New York

Valley National Bancorp, the holding company for Valley National Bank, announced that Gerald H. Lipkin, chairman, president and CEO, has been elected a Class A director to the Federal Reserve Bank of New York.  Lipkin will fill the unexpired portion of the term of office ending December 31, 2013, to succeed Richard L. Carrión who was elected a Class A, Group 1 director effective January 1, 2013.  Read more

 
Biegalski Celebrates 40th Anniversary with Newfield Bank

Joseph Biegalski, Jr., executive vice president, was recently honored at a dinner celebrating his 40th Anniversary with Newfield National Bank. Biegalski has been employed by the Bank since April 1973. He has held positions of branch manager, assistant cashier, vice president & auditor, and senior vice president.  He currently holds the position of executive vice president of Lending. Biegalski (left) is congratulated by John Borelli, Jr., president/CEO of Newfield National Bank. Read more

 
NJBankers Congratulates Stonier Graduate School of Banking Graduates

             

Richard Lanza, VP/Information Technology, Manasquan Savings Bank and Joseph F. Rehm, senior vice president/Gloucester County market manager, Capital Bank of New Jersey, recently graduated from the American Bankers Association (ABA) Stonier Graduate School of Banking. Along with their degrees, both earned a Leadership Certificate from the Wharton School of Business.  Read more

 
BCB Community Bank Welcomes Ronan

BCB Community Bank announced the addition of Michael J. Ronan as area manager of its mortgage department.

Ronan has over 25 years of experience in both the financial services and residential lending fields. He holds a B.S. and an M.B.A. degree in finance from Lehigh University.   Read more

 
Columbia Bank Foundation Grant Helps Robins' Nest in Glassboro

Columbia Bank, through their Columbia Bank Foundation, recently presented a $10,000 grant to Robins’ Nest, Inc., a private children’s services organization that provides over 40 different support programs within seven counties throughout Southern New Jersey.  The grant was used to renovate the damaged front porch of their Glassboro group home facility. 

Shown participating in a special presentation are (from right) Mark Schott, Columbia Bank’s regional vice president; Dr. Anthony DiFabio, president and CEO of Robins’ Nest, and David Jack, Columbia’s Washington Township branch manager. Read more

 
Millington Savings Bank Steps Up for the Fight Against Cancer

The Millington Savings Bank Banking on a Cure team proudly celebrated their successful fundraising effort for the American Cancer Society’s 29th Annual Relay for Life, held at Watchung Hills Regional High School in Warren.  The team raised over $5,600 for the event and ranked #2 in fundraising in Warren.   Banking on a Cure team members pictured above are (front row l to r) Nicole Falt, Millington Savings Bank; Kaylee Falt, Susan Schumann, Millington Savings Bank, retired; Allen Cummings, Millington Savings Bank; Angelo Grillo, Barbara Grillo, Millington Savings Bank; Taylor Memoli, Sandy Memoli, Millington Savings Bank; and Jianna Ferrara.  Back row (l to r): Casey Kielblock, Millington Savings Bank; Jeremy Borkowsky, Millington Savings Bank; two unnamed members from the Relay for Life staff, Alyssa Edelman, Millington Savings Bank; and Emma Triantis, Millington Savings Bank.  Not pictured:  Joey Pisciotta, Millington Savings Bank. 

Photo: Christensen Tamburri Communications Read more

 
Ocean City Home Bank Participates in Operation First Response Walk for the Wounded

Saturday September 28, 2013
Ocean City Music Pier
Registration begins at 8:30 a.m.
Ceremony at 9:30 a.m.
Walk begins at 10:00 a.m.

Ocean City Home Bank will join a group of dedicated volunteers and generous supporters on the Ocean City Boardwalk to take part in a milestone event: the Fifth Annual Walk for the Wounded.   Read more

 
Peapack-Gladstone Bank Supports Youth Financial Literacy

Peapack-Gladstone Bank teamed up with NJBankers Endorsed Service Provider EverFi, a leading education technology software company focused on financial literacy. The bank recently sponsored an integrated on-line student program at both the North Plainfield and West Morris Central High Schools. Tom Kasper (third from right) of Peapack-Gladstone Bank is seen with North Plainfield High School students and administrators.   Read more

 
Rumson Fair Haven Bank & Trust Elect Aaron and Castelluci

Rumson Fair Haven Bank & Trust Company (RFHB) announced the election of James G. Aaron as chairman of the board. The bank also announced the appointment of Joseph Castelluci as president and CEO of the bank. Castelluci will succeed F. James Hutchinson as president and CEO.  Hutchinson will remain on the board.     Read more

 
Roselle Savings Bank Promotes Educational Growth for Local Students

Roselle Savings Bank (RSB) recently sponsored the EverFi Financial Scholars Program at Abraham Clark High School in Roselle.  Pictured above displaying their award certificates are students of Abraham Clark High School, accompanied by representatives from Roselle Savings Bank and NJBankers Endorsed Service Provider EverFi, Inc. (l to r):  Carl Zeitlinger, RSB senior vice president, Janice Ritz, RSB senior vice president, Andrew Porter, EverFi NY/NJ schools manager, and Maria Coelho, RSB vice president.   Read more

 
Spencer Savings Bank Grants $22,500 in Scholarships to Local High School and Middle School Students

Spencer Savings Bank awarded $22,500 in scholarships this year to local students, through its annual scholarship program established to aid local youth in their pursuit of higher education. Spencer Savings Bank recognized 30 high school and middle school students for their outstanding academic achievements and educational goals, awarding each high school student a $1,000 scholarship and each middle school student a $500 Coverdell Education Savings Account (CESA), at an award ceremony.   Read more

 
Two River Community Bank President and CEO, William D. Moss, Rings NASDAQ Stock Market Closing Bell

Two River Bancorp, the holding company for Two River Community Bank, visited the NASDAQ MarketSite in Times Square in celebration of its name change effective on June 28. Two River Bancorp was formerly trading under the name Community Partners Bancorp. In honor of the occasion, William D. Moss (center), president and CEO, was invited to ring the Closing Bell.   Read more

 
Associate Member Riker Danzig Partners with Red Bulls

NJBankers Associate Member Riker Danzig Scherer Hyland & Perretti LLP announced it has established a sponsoring relationship with the New York Red Bulls soccer team as an Official Marketing Partner.  Read more

 
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