If this page doesn't display properly in your email, click here. October 9, 2013
New Jersey Bankers Association
Legislative Update
Applications Bulletin
Regulatory Bulletin
Buy-Sell Loans/Participations
Web Seminars
ABA Survey: Popularity of Mobile Banking Continues to Climb
For first time, more people prefer mobile banking over phone and mail

The popularity of mobile banking continues to grow, according to a recent survey by the American Bankers Association (ABA).  The survey of 1,000 U.S. adults revealed that while the Internet remains the most popular banking method, mobile banking has eclipsed the popularity of the telephone and U.S. mail and is now preferred by 8 percent of customers—a 30 percent increase from 2012.   Read more

NJBankers Membership Urged to Vote For Gerald H. Lipkin for FHLBNY Director

The Federal Home Loan Bank of New York mailed ballots 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.

All completed ballots must be received by the Bank by 5:00 p.m. on November 4, 2013. 

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

Interagency Proposal Would Amend Flood Insurance Rules

The Office of the Comptroller of the Currency, Federal Reserve and Federal Deposit Insurance Corporation are proposing to amend regulations regarding loans in areas having special flood hazards in order to implement provisions of the Biggert-Waters Flood Insurance Reform Act of 2012.    Read more

FFIEC Issues Alert Regarding End of Microsoft Support for Windows XP

The FFIEC agencies have issued a joint statement to alert financial institutions that the discontinuation of support for the Microsoft Windows XP operating system could present operational risks to financial institutions, technology service providers, and to activities supported by other third parties. The agencies expect financial institutions and TSPs to identify, assess, and manage these risks to ensure that safety, soundness, and the ability to deliver products and services are not compromised.   Read more

Upcoming Conferences - Mark Your Calendar
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Other Industry Meetings
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Director Online Training
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NMLS System to Undergo Upgrade

The Nationwide Mortgage Licensing System (NMLS) has announced it will undergo system maintenance on Friday, October 18, starting at 9:00 pm ET. The system will be unavailable until the upgrade is complete which is expected to be Saturday afternoon, October 19.     Read more

NJBankers Welcomes Nine New Associate Members

NJBankers is proud to welcome nine new Associate Members: BDO USA, LLP; Classic Equipment Services, Inc.; Invictus Consulting Group, LLC; John L. Kraft, Esq. LLC; NW Sign Industries, Inc.; Praxis Data Systems, Inc.; Residential Home Funding Corporation; Safe Deposit Box Insurance Coverage, LLC (SDBIC); and TEAM Services, Inc.    Read more

Bankers Feed the Hungry
Michael P. Affuso, EVP and Director of Government Affairs

Once again, NJBankers was pleased to partner with the FoodBank of Monmouth and Ocean Counties in conjunction with Hunger Action Month.  Celebrated every September, Hunger Action Month highlights the food needs for the Monmouth and Ocean County areas. 

This year, NJBankers, through the generous contributions of our members, was able to provide nearly $7,500 toward the Food Bank’s 22nd Annual Culinary Classic tasting event on Monday, September 23, 2013 at The Mill at Spring Lake Heights.    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.   Read more

CFO Conference

CFO Conference                                                                                                                    
Friday, November 15, 2013
Renaissance Woodbridge Hotel, Iselin, NJ

Join NJBankers and FMS for our half-day CFO Conference. This program is designed for CEOs, CFOs and other c-level and senior bank managers.

The conference kicks off with an Economic Update presentation by Dr. James W. Hughes from the Edward J. Bloustein School of Planning and Public Policy of Rutgers University. Followed by Barry M. Pelagatti, of BDO USA LLP, who will provide an Accounting / Tax Update. After a break, attendees will hear from  a Regulatory Panel, who will include Rich Poliner, of New Jersey Department of Banking & Insurance and Melissa Scofield, of the Office of the Comptroller of the Currency.    Read more

NJBankers Announces Senior Management Conference Evaluation Winners

Congratulations to James S. Vaccaro, president/CEO, Manasquan Savings Bank and Henry Ingrassia, president/CEO, Glen Rock Savings Bank for winning the prize drawing for submitting evaluations for the Senior Management Conference held September 25th - 27th at Revel Casino Resorts, Atlantic City.

NJBankers appreciates receiving evaluations which help the association plan relevant conferences.    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'oeuvres 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

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 - October 28

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

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

*Attendance is limited to the first 100 registrants....register early!

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. 

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.  



  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 have been added to the expert lineup.

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

  Read more

Niciejewski Joins Spencer Savings Bank as Business Development Officer and Assistant Vice President

Spencer Savings Bank announced the hiring of Anthony Niciejewski as business development officer and assistant vice president. Niciejewski will be responsible for the development of new business relationships and lending opportunities in the bank’s small business markets.  Read more

TD Bank Welcomes Malandro

TD Bank has named Edward Malandro as senior vice president, Head of North America ATM Sales, Innovation and Analytics. Based in Mt. Laurel, he will help lead the bank’s ATM Channel in North America, responsible for innovation, sales and analytics.   Read more

Wells Fargo Appoints Gibbons Head of Business Banking for Eastern Region

Lucia DiNapoli Gibbons has been appointed the head of Wells Fargo's Business Banking team for the bank’s Eastern Region.  In this newly created role, Gibbons, an 11-year company veteran, is responsible for developing and leading the growth strategy for the bank’s Business Banking segment which assists companies to grow and expand with revenues of $2 million to $20 million.   Read more

Japanese Banking Delegation Visits Atlantic Stewardship Bank's Wyckoff Branch

On Tuesday, September 17, 2013 a twenty member Japanese community banking delegation visited the Atlantic Stewardship Bank in Wyckoff. The purpose of the visit was to learn about best practices and trends in community banking. Topics of discussion included strategies/policies to integrate and connect with the local community, methods to successfully compete against and differentiate from national bank competitors in the region, Atlantic Stewardship Bank’s unique tithing program, innovative and unique products and services offered and employee training and retention programs.  Read more

Clifton Savings Bank Joins NJBankers to "Restore the Shore"

Clifton Savings Bank employees took a break from the office to volunteer their time to Coastal Habitat for Humanity as part of the NJBankers "Bankers Build" Initiative.   Read more

Columbia Bank Hosts Charity Golf Classic

Columbia Bank announced that their 25th Annual Charity Golf Classic at High Mountain Country Club in Franklin Lakes raised $40,000 for the benefit of the Center of United Methodist Aid in the Community (CUMAC) food bank.  More than 100 golfers took part in this charitable fund raiser. 

In a separate donation, The Columbia Bank Foundation also recently issued a special grant to CUMAC to purchase a much-needed commercial freezer.

Shown taking part in a special check presentation at the event are Rev. Patricia Bruger, (Right), executive director of CUMAC, and Thomas Kemly, president and CEO of Columbia Bank.    Read more

Mariner's Bank Teams Up With Coastal Habitat for Humanity for "Bankers Build"

A volunteer crew of Mariner’s Bank employees teamed up with The Coastal Habitat for Humanity in a Superstorm Sandy relief effort. The team spent the day building floors for a storm-damaged house in Manasquan. This effort was part of the NJBankers “Bankers Build” Initiative.    Read more

NVE Bank Donates $2,000 to Habitat for Humanity of Bergen County

NVE Bank supported Habitat for Humanity of Bergen County in its mission to provide affordable housing for low income families in Bergen County by making a $2,000 donation to the organization.  In addition, NVE employees volunteered for two days at a site in Oradell, where Habitat is building two duplexes that will create four 3-bedroom homes.  Bank employees painted, laid floors and performed other construction tasks at the site, helping site managers complete the homes in time for early November occupancy.    Read more

Peapack-Gladstone Bank Supports VNA Fall Rumage Sale

Peapack-Gladstone Bank is an active participant in supporting the local organizations that provide vital services to our communities.  To assist in preparation for the VNA Rummage Sale, Bank employees recently rolled up their sleeves and provided hands-on support in unloading, sorting, tagging and organizing donations.  Working in tents and on the Fairground trails, no job was too big or too small.   Read more

Provident Bank Foundation Helps High School Students Experience College

Provident Bank Foundation which supports organizations that are dedicated to improving the lives of residents in the New Jersey communities served by Provident Bank, provided a $7,500 grant to Drew University in support of Drew Summer College. The grant enabled the opportunity for Newark high school students to experience a week-long college program at Drew University this past summer.   

Wendy Kolmar, director of Drew Summer College of Drew University, pictured far left, received a $7,500 grant from Jane Kurek, executive director of the Provident Bank Foundation, pictured front, with Vivian Bull, president for the Interim Term of Drew University and several of the 2013 Drew Summer College Newark High School Students. Photo credit: Bill Cardoni.   Read more

Regal Bank Turns Parking Lot into "Barking Lot"

Dozens of dogs -- and the folks who love them—gathered for the 5th Annual Livingston Dog Pawrade. Hosted by Regal Bank, the event took place September 29th in the parking lot of the company’s branch on West Mt. Pleasant Avenue. The festivities included vendor exhibits, a parade of pooches and awards for best costume, biggest and smallest dog. Attendees raised more than $2,400 to benefit the Mt. Pleasant Animal Shelter. First place winners are seen above.    Read more

Center Bancorp, Inc., Parent Company of Union Center National Bank, Receives National Recognition

Center Bancorp, Inc.,  parent company of Union Center National Bank announced that it has been named to the exclusive Sandler O'Neill + Partners L.P, "2013 Sm-All Stars" list for the second consecutive year and third time overall as a top performing publicly traded Bank in the nation.   Read more

Valley National Bank Raises Over $100,000 for Breast Cancer Research

Valley National Bank held its fifth annual breast cancer walk titled Valley Goes Pink!  The event kicked-off in Wayne, and over a thousand employees, family members and friends walked to raise money for the Cure Breast Cancer Foundation (CBCF).     Read more

Endorsed Service Provider EverFi Presents 2013 Financial Literacy Webinar: Reaching the 21st Century Customer

2013 Financial Literacy Webinar
Reaching the 21st Century Customer
Tuesday, October 15th 2pm-3pm EST

Presented by Jon Chapman, EverFi Co-Founder

Today, customer acquisition is both costly and increasingly difficult as competition intensifies. While current customers have high expectations for products and services, their loyalty is at an all-time low.

Market leaders tackle this issue by offering technologies that enrich customers' lives, resulting in differentiation in the community, increased customer loyalty, and scaled market presence all while tackling federal mandates.
EverFi has created an online learning platform to help banks and communities work together to give students a future of financial stability.  
Read more

Guardian Analytics Announces Collaboration Platform and Intelligence Community to Stop Banking Fraud

FraudMAP Connect provides secure cross-institution forum to share insights and expertise that improve individual and industry-wide fraud prevention

Associate Member Guardian Analytics announced FraudMAP Connect, a real-time collaboration platform and fraud intelligence community for financial institutions to securely exchange actionable information and improve fraud prevention practices. By pooling experiences and expertise through FraudMAP Connect, financial institutions are better prepared to defend against sophisticated and continually evolving attacks and fraud schemes. Further, the unique cross-institution data provided by FraudMAP Connect enhances insights into industry-wide fraud threats and trends. The innovative new online community extends Guardian Analytics’ industry leading behavior-based fraud prevention solutions that are protecting tens of millions of account holders at nearly three hundred financial institutions.    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

Complimentary ACA Update for Employers: What You Don't Recall About Affordable Care Can Bite Soon

What You Don't Recall About Affordable Care Can Bite Soon
Tuesday, October 15, 2013 from 8:00 a.m. to 10:00 a.m.
18 Columbia Turnpike, Suite 200, Florham Park, NJ

About half of people polled by Kaiser recently said they don't understand how the law will affect their families;
40% of them said the law had been repealed. Well informed management staff and employees are your best bet for complying with the Affordable Care Act and for avoiding penalties. You've already heard tons about ACA, but this seminar is focused on issues you must remember in 3 parts: Review of Key concepts; Issues to Discuss with Your Accountants, Lawyers and Insurers; and
The New Jersey Update.    Read more

E-Advertising with NJBankers Makes $en$e

The NJBankers Bulletin reaches over 5,000 subscribers in each weekly issue.    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

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