If this page doesn't display properly in your email, click here. October 2, 2013
New Jersey Bankers Association
Legislative Update
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NJBankers Membership Urged to Vote For Gerald H. Lipkin for FHLBNY Director

The Federal Home Loan Bank of New York is scheduled to mail ballots this Friday, October 4, 2013, for the upcoming elections for candidates to serve on its Board of Directors. One election will fill the vacancy for a seat that represents the Bank's New Jersey members for a term that begins January 1, 2014.

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. Lipkin has a long career as both a regulator and banker in the New Jersey marketplace and will be a valuable addition to the Board in representing the interests of member banks.    Read more

Ficalora Elected Vice Chairman and Former Vice Chairman Gonzalez Joins as Executive Vice President of the Federal Home Loan Bank of NY


The Federal Home Loan Bank of New York announced that Joseph R. Ficalora has been elected by its Board of Directors to serve as the Board’s vice chairman and that Jose Ramon Gonzalez will join the Bank as executive vice president on October 15, 2013.   Read more

Members Urged to be Alert for HELOC and Telephone Hijacking Frauds

A NJBankers member reported that his bank was the intended target of an attempted HELOC fraud that involved the hijacking of the bank’s customer’s telephone number (phreaking).

When the bank was presented a $200,000 home equity check for payment, per procedures, bank personnel contacted the “customer” at the home telephone number provided on the application who correctly provided answers to security questions and verified that he had written the check. Several weeks later, the real customer came to the bank claiming that he had not written the check nor had received the telephone call to verify its authenticity. Upon subsequent investigation, it was determined that the perpetrator(s) had diverted the customer’s telephone number and had obtained information such as the customer’s last four digits of his social security number, the account number, date of birth  and a copy of his signature. The bank has also had other similar type items presented for payment using “engineered” copies of official bank HELOC checks on these seasoned accounts.   Read more

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Senior Management Conference Wrap Up

NJBankers Chairman Stewart E. McClure, Jr., regional president, Lakeland Bank, welcomes attendees to the 91st Annual Senior Management Conference held at the Revel Casino Hotel in Atlantic City.

The Senior Management Conference at the Revel Casino Hotel in Atlantic City last week attracted 275 bankers, service providers and guests to the two-day event. 

Topics for this year’s event ranged from An Update on Issues Affecting the New Jersey Business Community; Beta, Decay, and How to Prepare for a Rising Rate Environment; Trends That Will Drive Innovation and Impact Growth; The New Residential Mortgage Origination and Servicing Regulatory Landscape and much more.  Read more

Karen A. Casey Receives Warren Hill Award

NJBankers President/CEO John E. McWeeney, Jr. (left) and NJBankers Chairman Stewart E. McClure, Jr. , regional president, Lakeland Bank (right) present Karen A. Casey, senior vice president and chief credit officer, Amboy Bank, with the Warren Hill Award.

Karen A. Casey was presented the Warren Hill Award at the 91st Annual Senior Management Conference during the General Session on Thursday, September 26, 2013.

The Warren Hill Award was established in 1998 in honor of Warren Hill, the New Jersey League’s president from 1966 through 1975.   Read more

Sandy Recovery Money Available to Fill Vacant Apartments

If any of your customers who own rental properties have vacant units they are unable to rent, refer them to the Landlord Incentive Program, one of the federally funded Superstorm Sandy recovery programs that can provide a landlord with a steady revenue stream for two years for an apartment leased at fair market value.

Launched by the Christie Administration to encourage property owners to fill their vacant apartments, the Landlord Incentive Program allocates $40 million in grants to provide a rental property owner with approximately the difference between 30 percent of the tenant’s monthly income and the fair market rents each month during the two year period of the program administered by the New Jersey Department of Community Affairs (DCA).   Read more

BankHorizons Registration Open for Exhibitors and Sponsors

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

Secure Your Spot At The Region’s Most Valuable Banking Show!

It's not too late to secure your spot and meet with hundreds of eager bankers in the New Jersey area! BankHorizons, produced by the New Jersey Bankers Association and The Warren Group, will once again be the most productive way to meet face to face with clients and prospects and plan for the year ahead. Don't miss the region’s largest, most valuable and productive banking conference and trade show. 


  Read more

NJBankers to Host 1st Committee Appreciation Day in Conjunction with BankHorizons 2013

NJBankers to Host 1st Committee Appreciation Day in Conjunction with BankHorizons 2013
Tuesday, November 19, 2013
1:00 p.m. to 7:00 p.m.
Resorts Casino Hotel, Atlantic City, NJ

In conjunction with BankHorizons Annual Trade Show and New Leaders Awards Gala, NJBankers will host our first Committee Appreciation Day!  NJBankers welcomes committee members to attend this day on Tuesday, November 19, 2013 from 1:00 p.m. to 7:00 p.m. at Resorts Casino Hotel in Atlantic City, New Jersey.  All Committee members are invited to attend our complimentary Networking Reception featuring hors d'oeuvre and cocktails as you mix with our New Leaders Award winners, their families as well as our BankHorizons exhibitors.  After the reception, you may enjoy dinner on your own or, for an additional fee, attend the New Leaders Awards Gala Dinner.    Read more

Operations & Technology Roundtable - TOMORROW

Operations & Technology Roundtable
Tomorrow, Thursday, October 3, 2013
Crowne Plaza Monroe, Monroe Township, NJ

The New Jersey Bankers Association’s Operations & Technology Committee is pleased to announce the latest in a series of interactive roundtable programs designed for those with operations, technology and compliance responsibilities.  Read more

Enterprise Risk Management Conference

Enterprise Risk Management Conference
Monday, October 7, 2013
Crowne Plaza Monroe, Monroe Township, NJ 08831

Join NJBankers for our 2nd Annual Enterprise Risk Management Conference. This program is designed for CEOs, CFOs, Compliance Officers, Risk Managers and other senior bank managers. The program will include topics such as Risk Appetite/Risk Tolerance and Monitoring:  How to Develop a Risk Appetite Statement With Impact on Strategy and Integration Into Operational Oversight and Tolerance; Are We There Yet?; Stress Testing and Model Risk and Impact on Capital Planning; and ERM In The Financial Services Industry.


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Annual Human Resource Conference

Annual Human Resource Conference
″Human Resources in the Bank″
Thursday - Friday, October 17 - 18, 2013
Caesars Resort & Spa, Atlantic City, NJ

Join your colleagues and peers for two days of educational sessions and networking as the New Jersey Bankers Association once again presents the Annual Human Resources Conference.

Your program will begin at 8:00 a.m. on Thursday morning and includes a full day program including lunch and such topics as: Employment Law/Case Study, Employee Wellness, Workplace Violence and much more! The day will adjourn at 4:30 p.m. followed by a networking reception and dinner with conference attendees.   Read more

NJBankers & NJ Society of CPAs Sixth Annual Golf Outing - NEW DATE

NJBankers & NJ Society of CPAs
present the Sixth Annual Golf Outing
to Benefit K-12 Financial Literacy Education
Mercer Oaks Golf Course
725 Village Road West, West Windsor, NJ 08550
Monday, October 28, 2013 –NEW DATE**

The New Jersey Bankers Association and the New Jersey Society of CPAs are again co-hosting this sixth annual golf event to help benefit K-12 financial literacy education. We have an exciting and fun day scheduled with many sponsorship opportunities available!    Read more

Directors College

Directors College
Friday, November 8, 2013
Crowne Plaza Monroe, Monroe Township, NJ

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.

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.  Read more

2013 BSA / Anti-Money Laundering Seminar - NEW LOCATION

2013 BSA / Anti-Money Laundering Seminar
A One-Day Bank Secrecy Act Continuing Education Program
Wednesday, December 11, 2013
Brookdale Community College, Lincroft NJ (New Location)   

Today’s bank regulatory environment has never been more challenging. This includes the biggest overhaul of BSA reporting and enforcement in the 43 years of the Bank Secrecy Act. As evidenced by the largest BSA/AML enforcement penalties in U.S. history, BSA compliance continues to be integral to the success of every financial institution. From BSA reporting to pending standards in customer due diligence to enhanced exam expectations, the constancy of change continues to reinforce the need for continuing BSA/AML education.   Read more

Economic Leadership Forum 2014 - Save the Date!

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


John Lawrence, president, Aetna New Jersey; and Eleanor Thompson, special counsel, McCarter & English.

With a dynamic and impressive roster of presenters touching on New Jersey’s most important business sectors, the Economic Leadership Forum is the most far-reaching conference on the issues that shape our state. Plus, you'll have a chance to hear from keynote speaker Frank Luntz.

The Economic Leadership Forum is proud to welcome the following speakers: Robert Barchi, president, Rutgers University; Marc Edenzon, president & CEO, Special Olympics New Jersey; Ethan Harris, co-head of Global Research, Bank of America Merrill Lynch Global Research; Wayne Hasenbalg, president & CEO, New Jersey Sports & Exposition Authority; Ken Kobylowski, Commissioner, New Jersey Department of Banking & Insurance; New Jersey Department of Banking & Insurance; John Lawrence, president, Aetna New Jersey; and Eleanor Thompson, special counsel, McCarter & English.  

  Read more

Atlantic Stewardship Bank Announces the Promotion of Maurer

Atlantic Stewardship Bank recently announced the promotion of Mark J. Maurer  to executive vice president. He will serve at the Bank’s Wayne Office. As Executive Vice President, Maurer is responsible for managing the Bank’s Commercial Lending Department serving the banking needs of small and medium sized businesses throughout Atlantic Stewardship’s footprint.   Read more

Beacon Trust Welcomes Cruz as Trust Officer

Ana R. Cruz has joined Beacon Trust Company, a subsidiary of The Provident Bank, as a vice president and trust officer working with the client services team to manage relationships and administer trusts for Beacon’s trust and estate clients.   Read more

Two River Community Bank Appoints Mero as Chief Operating Officer

Two River Community Bank has announced that Anthony A. Mero has been named senior vice president and chief operating officer of the Bank, effective September 16, 2013. In this capacity, Mero assumes responsibility for the day-to-day operations of the Bank, including its Information Technology, Deposit Operations, Facilities Management, Loan Operations, Retail Banking and Marketing divisions.   Read more

Columbia Bank Foundation Grant Helps Little Sisters of the Poor

Columbia Bank, through their Columbia Bank Foundation, recently provided a $20,000 grant to the Little Sisters of the Poor.  The grant was used to purchase much-needed HVAC equipment for their St. Joseph’s Home for the Elderly, a skilled nursing care and residential home operated by the Little Sisters of the Poor in Totowa.

Shown joining several St. Joseph’s residents at a special presentation are Thomas Kemly (second from left), Columbia Bank’s president and chief executive officer; Sister Margaret Charles Hogarty, Mother Superior of the Little Sisters of the Poor, and Raymond Hallock (far right), a member of the Board of Directors of both the Columbia Bank and the Little Sisters of the Poor.   Read more

Harmony Bank Joins NJBankers to "Restore the Shore"

Harmony Bank employees took a break from the office to volunteer their time to Coastal Habitat for Humanity as part of the “Bankers Build” Initiative. Read more

iPad Winner "Likes" Kearny Federal Savings Bank

The Oakhurst Office of Central Jersey Bank, a Division of Kearny Federal Savings Bank welcomed Eric Peters, Kearny Federal’s Sweepstakes participant and grand prize winner.

Pictured above from left to right: Eric Kesselman, Kearny Federal’s VP/marketing director, Eric Peters, the Sweepstakes Winner and Kenneth Borrelli, AVP/branch manager of the Oakhurst Office of Kearny Federal Savings.   Read more

Mariner's Bank Participates in Edgewater's Annual Arts and Music Festival

Mariner’s Bank sponsored Edgewater’s Annual Arts and Music Festival for the 7th year in a row. Vice President and Branch Manager, Marina Mlloja and Festival Coordinator, Lynn Graszs presented the Best of Art award to Lauren Ennist.   Read more

Roselle Savings Bank Donates School Supplies to Local Area Children

Roselle Savings Bank recently marked its first year of participation in the United Way of Greater Union County 2013 “Stuff the Bus” campaign.  The bank purchased new school supplies for distribution to needy students from low-income families residing in Union County, North Plainfield, and South Plainfield.  Many essential school items were donated, including backpacks, notebooks, paper, pencils, pens, erasers, glue sticks, rulers, and crayons. 

Pictured above is Janice Ritz, who coordinated the entire donation project.   Read more

Sun National Bank Opens New Glassboro Branch

Sun National Bank executives recently celebrated the opening of their new Glassboro branch with a ribbon-cutting event, attended by borough officials and regional business leaders.  A customized prototype designed to serve the needs of Rowan University and Glassboro merchants and residents, the new Sun branch is the first bank branch to be located in downtown Glassboro in 18 years.  The branch is part of Rowan Boulevard, the centerpiece of Glassboro's $300 million downtown redevelopment project and NJ’s largest municipal redevelopment project.     Read more

Associate Member COCC Wins Top Workplace and Gold Banking Technology Awards

Associate Member COCC was recently recognized for its service quality and work environment. The Hartford Courant/FoxCT awarded COCC its third consecutive Top Workplaces in Connecticut award, while readers of Massachusetts-based Banker & Tradesman gave COCC its second gold medal in the Banking Technology category of its “Best of” competition.    Read more

Associate Member John L. Kraft, Esq., LLC Hosts Seminar on Municipal Bonds

Protecting Tax Exempt Bonds, Infrastructure and Jobs
Thursday, October 3, 2013
New Jersey Law Center, New Brunswick

Associate Member John L. Kraft, Esq., LLC announced that it will host a seminar to highlight the need to preserve the long-standing federal tax exemption of interest earned on bonds issued by the States and their political subdivisions (“Municipal Bonds”).  Read more

NJ Bank Marketing Association Seminar - TOMORROW

Are you quantifying the impact and success of your marketing efforts? Are you correctly measuring the ROI of your communications, your product offerings, or your customer experiences? The distinguished panel of experts will share best practices and add a bit of science to the art of marketing. The October 3rd meeting will cover many relevant topics, such as brand identity, advertising recall, customer perception, market area potential, product offerings and loyalty/advocacy measurement. With a morning full of “take-away” ideas and metrics, you will be sure to look at your marketing activities with a new lens – one that will provide you ways to maximize results with a minimal budget.   Read more

Marcus & Millichap New Jersey Investor Symposium

Thursday, October 10, 2013
7:30 a.m. – 11:30 a.m.
Brookelake Country Club, Florham Park, NJ

Don’t miss the most informative overview of the real estate investment market.  

Featured speakers include Gene A. Berman, executive vice president/managing director, Marcus & Millichap; and William E. Hughes, senior vice president/managing director of Marcus & Millichap Capital Corporation. The agenda also includes a Industry Expert Panel Discussion moderated by Ryan Nee, regional manager, Marcus & Millichap. Panelists include Mitchell Anderson, Capstone Realty Group; Harry Ekstrand, Northfield Bank; Constantino T. Milano, Hartz Mountain Industries, Inc.; Jonathan Schultz, Onyx Equities, LLC; and Eric Witmondt, Woodmont Properties, LLC. Read more

ABA Presents "Get Smart About Credit"

The American Bankers Association’s Get Smart About Credit program is a national campaign of volunteer bankers who provide education lessons to young people in an effort to raise awareness about the importance of using credit wisely. Register now to ensure your bank is one of the many participating on Get Smart About Credit Day, Oct. 17, 2013. This year, “Paying for College” joins the existing subject areas “Knowing Your Score” and “Protecting Your Identity.”  Visit aba.com/GetSmart for more information and for resources on all three topics.    Read more

New Jersey Chamber of Commerce Hosts Second Signature Event of the Year - Forum 2013

On October 23rd, the New Jersey Chamber of Commerce will host its second signature event of the year - Forum 2013 at the Pines Manor in Edison.   The featured speaker will be Joe Scarborough, the host of MSNBC’s critically acclaimed and highly rated political talk show “Morning Joe.”   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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