If this page doesn't display properly in your email, click here. July 24, 2013
New Jersey Bankers Association
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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

Patent Troll Reform Legislation Introduced in Congress
Michael P. Affuso, EVP and Director of Government Relations

Last week  Reps. Darrell Issa, R-Calif., and Judy Chu, D-Calif., introduced the Stopping the Offensive Use of Patents Act, or STOP Act, which expands provisions of 2011's America Invents Act that allow defendants in some patent litigation cases the opportunity to challenge the validity of the patents in question. The bill is necessary due to the growth in lawsuits brought by patent trolls, which represented 62 percent of all patent litigation in 2012 and produced $29 billion in direct costs in 2011.  Over 60 banks in New Jersey were threatened by patent trolls last year.    Read more

Fed Beige Book: Overall Economic Activity Continues to Increase at a Modest to Moderate Pace

Banking conditions generally improved across all Districts. Credit quality improved while credit standards remained largely unchanged.   Read more

Freddie Mac Releases Outlook for Economic and Housing Market

Freddie Mac has released its U.S. Economic and Housing Market Outlook for July, recapping the first half of the year and on expectations for the markets in the second half.    Read more

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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

Our Policymaker's Guide to Payments System Issues
By Frank Keating, president and CEO, American Bankers Association

The banking industry has long been a leader when it comes to our nation’s payments system. More than 100 years ago, in May 1911, ABA developed in cooperation with our members a uniform system for the identification of financial institutions.

This was needed to identify and route the growing number of drafts, checks and other documents as part of banks’ processing of payments. The routing number helped speed up an increasingly complex payments system. It’s working today in not just identifying check processing endpoints, but also automated clearinghouse participants, electronic funds transfers and other settlement arrangements.

I relate this story to demonstrate that ABA has a history of looking forward. Banks are leaders in the payments system. As payments continue to evolve, we will continue to provide thoughtful solutions, policy considerations and recommendations.

Read more to view the full article by Frank Keating.   Read more

Training Materials Available from Federal Reserve for Redesigned $100 Note

Federal Reserve Bank Services has developed training materials, including a presentation, to educate bank tellers and staff on the new security features of the redesigned $100 note. Circulation of the new note will begin on October 8, 2013.   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

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

New Leaders In Banking - Nov. 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 Mid-Atlantic's Largest, Most Exciting, Banking Show Is Back!

The New Jersey Bankers Association and The Warren Group invite you to meet with hundreds of your best New Jersey prospects and clients this fall. On Wednesday, November 20, the region’s largest, most valuable and productive banking conference and trade show: BankHorizons will be held once again. 


  Read more

Save the Date for Economic Leadership Forum 2014!

Economic Leadership Forum
Friday, January 10, 2014
The Palace at Somerset Park, Somerset NJ

Save the Date for New Jersey's Most Important Economic Conference Friday, January 10, 2014.

With a dynamic and impressive roster of presenters touching on New Jersey’s most important business sectors, the New Jersey Economic Leadership Forum is the most far-reaching conference on the issues that shape our state.

Here’s your chance to be part of this critical initiative. Join us Friday, January 10, 2014, as the state’s most influential organizations and leaders come together for an in-depth look at the region’s financial future. With keynote presentations from some of the most prominent minds to panels and discussion forums that drill down to industry-specific detail, the New Jersey Economic Leadership Forum is the bellwether of the Garden State’s prosperity.   Read more

Join in the Fun and Help Local Charities

Community Based Organizations Will Receive 10% of Discounted Ticket Sales to the Penn State vs. Syracuse College Football Game.   Read more

Annual Trust Conference Sponsored by Delaware Bankers Association

Annual Trust Conference
Sponsored by Delaware Bankers Association
"The Art of Trusts...Perfected"
October 1-2, 2013
Hotel du Pont, Wilmington, Delaware

NJBankers for the second year is happy to be a Bronze Sponsor of the Delaware Bankers Association’s Annual Trust Conference.

NJBankers members will be able to register for this conference and enjoy the Delaware Bankers Member pricing.

Effective wealth management and estate planning is truly an art. That art has been perfected in the Delaware trust product. Join a distinguished group of skilled trust artisans for the 2013 Delaware Trust Conference. This year's conference will feature a detailed case study format that will weave throughout the sessions presenting participants with a complete picture of the advantages of Delaware trusts.    Read more

The 37th Annual National IRA Compliance Seminar
Early Registration Ends July 31

The 37th Annual National IRA Compliance Seminar
9 Ways the Repeal of DOMA Affects Your Customers and Clients and Opens Potential New Markets
September 23 – 25, 2013
Hyatt Regency Miami, Miami Florida

Up until now same-sex couples haven’t been able to take advantage of rules routinely available to traditional marriage partners. All that has changed. This landmark ruling by the United States Supreme Court completely changes the IRA landscape and paves the way for new business. To help you prepare, the 37th Annual National IRA Compliance Seminar will cover the 9 Ways the Repeal of DOMA Affects Your Customers and Clients and Opens Potential New Markets.

NJBankers members receive an additional 10% off when registering.

Early registration ends July 31, 2013.  

  Read more

Japanese Bankers Planning Visit in September

A delegation of bankers would like to visit a community bank in New Jersey to discuss general current conditions and strategies on community banking.   Read more

"Like" Us on Facebook!

Did you know the New Jersey Bankers Association is on Facebook? Its true! "Like" our page to see what's new and exciting with our members, receive timely updates about hot banking topics, and much more! Read more

Endorsed Service Provider Pentegra Retirement Services Unveils New Logo as Part of 70th Anniversary

As part of its 70th Anniversary celebration, Endorsed Service Provider Pentegra Retirement Services unveiled its new logo (seen above).    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

Komar Named to Amboy Bank Board

Charles E. Komar has been named to the Board of Directors of Amboy Bank, according to a recent announcement by George E. Scharpf, president and CEO.    Read more

Peapack-Gladstone Appoints Corbitt to Senior Portfolio Manager

Glen Corbitt joins Peapack-Gladstone Bank as senior portfolio manager for its wealth management division. Corbitt is part of the team responsible for managing Peapack-Gladstone Bank’s trust and investments function, helping to guide clients with overall wealth advisory services and solutions.  Read more

Rachel A. Geraci Appointed to Commercial Lines New Business Development at Tri-State Insurance Agency

Tri-State Insurance Agency, a subsidiary of Sussex Bank, announced the appointment of Rachel A. Geraci to commercial lines new business development producer at Tri-State Insurance.  In her current role, Geraci will be responsible for generating new business, writing new commercial lines and maintaining relationships.    Read more

Millington Savings Bank Announces Board Appointments

MSB Financial Corp., the holding company for Millington Savings Bank, has announced the appointments of W. Scott Gallaway as chairman of its board of directors and Donald J. Musso as newly elected board member.  Former Board Chairman, Albert N. Olsen, will remain on the board of directors as chairman emeritus.  Millington Savings Bank President/CEO, Michael A. Shriner, who has served on the board since 1999, will continue in his position as a director, along with E. Haas Gallaway, Jr., Gary T. Jolliffe, Thomas G. McCain, and Fred J. Rossi.

Pictured above are MSB Financial Corp Board Members:  (standing l-r) Donald J. Musso, director, and Michael A. Shriner, director/Millington Savings Bank president & CEO; (seated) W. Scott Gallaway, chairman.                                                         

Photo: Christensen Tamburri Communications   Read more

BCB Community Bank Makes Donation to Hudson County Improvement Authority "Stride & Ride" Program

BCB Community Bank donated $500 to The Hudson County Improvement Authority for their safety event for families in Hudson County called “Stride & Ride”. Thomas Coughlin, president of BCB Community Bank (left) presents the donation to Jay DiDomenico, director Hudson Transportation Management Association (right).   Read more

Columbia Bank Foundation Grant Supports The Arc of Union County

Columbia Bank, through their Columbia Bank Foundation, recently presented a $10,000 community grant to The Arc of Union County.  The grant will be used to purchase new technology, including iPads, computers and whiteboards, for their Bright Beginnings Child Development Center in Cranford, an enhanced learning experience designed to maximize all areas of childhood development.  

Shown participating in a special presentation are (from left) Frank Caragher, executive director of The Arc of Union County; Sharon Reddin, Columbia Bank’s regional vice president, and Meredith Emery Hofmann, director of Children Services at the Bright Beginnings Child Development Center.    Read more

Pascack Community Bank Presents Scholarships to High School Graduates


Pascack Community Bank presented scholarship awards of $1,000 each to Dana Klarer, a graduate from Westwood Regional High School’s Class of 2013 (seen receiving her scholarship at left) and Robert Huber, a graduate from Waldwick High School’s Class of 2013 (seen receiving his scholarship at right). The scholarships were awarded based on their academic achievements and desire to continue their education in the field of business or finance.   Read more

Regal Bank Serves as Major Sponsor of Year-Long Livingston Bicentennial Celebration


The year 2013 marks 200 years since the founding of Livingston, New Jersey. Recognizing the significance of the bicentennial and the opportunity to contribute to the success of the celebration, Regal Bank has signed on as a major sponsor of Livingston’s year-long birthday party. Will Forte, founder of the B-STREETBAND is seen at the event with Dan Tower, executive vice president at Regal Bank.    Read more

Unity Bank Car Show Raises Money for Family Promise


Unity Bank recently donated $6,700 to Family Promise of Hunterdon County and Family Promise of Warren County, the proceeds from the 7th Annual Crusin’ Bob's Classic Car Show. The funds were raised through sponsorships, food sales and registration fees to compete in the classic car competition, which drew a record 121 registered cars. Pictured from left: Rosemary Fellner, vice president/marketing director of Unity Bank; Abigail Byers, executive director of Family Promise of Hunterdon County; and Jan Lawler, Unity Bank relationship manager/market leader.   Read more

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