If this page doesn't display properly in your email, click here. October 16, 2013
New Jersey Bankers Association
Legislative Update
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FDIC Issues FIL Concerning D&O Liability Insurance Policies, Exclusions, and Indemnification for Civil Money Penalties

The FDIC has issued FIL 47-2013 concerning director and officer liability insurance policies, exclusions and indemnification for civil money penalties noting an increase in exclusionary terms or provisions in director and officer liability insurance policies purchased by financial institutions. The exclusions may limit insurance coverage under certain circumstances, thereby increasing the potential personal exposure of board members and bank officers in civil lawsuits.   Read more

OCC and Federal Reserve Publish Final Basel III Capital Rules

The final rule, adopted in July by both agencies and the FDIC, sets the minimum regulatory capital requirements for all organizations. It includes a new common equity Tier 1 ratio of 4.5 percent of risk-weighted assets, raises the minimum Tier 1 capital ratio from 4 percent to 6 percent of risk-weighted assets and sets a new conservation buffer of 2.5 percent of risk-weighted assets.   Read more

CFPB Provides Guidance on Mortgage Servicing Rules

The Consumer Financial Protection Bureau has released Bulletin 2013 – 12 regarding an interim final rule designed to provide greater clarity concerning mortgage servicing rules that take effect in January 2014. The clarifications address communications with family members after a borrower dies, contact with delinquent borrowers, and treatment of consumers who have filed for bankruptcy or invoked certain protections under the Fair Debt Collection Practices Act.   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

Upcoming Conferences - Mark Your Calendar
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In Memorium: Everett S. Webb

With sadness we report the passing of Metuchen Savings Bank Board Member Everett S. Webb, 86, on October 7, 2013 after a brief and courageous battle with cancer at the Mary Anne Hale Pavilion of Haven Hospice at JFK Medical Center in Edison.   Read more

BankHorizons Agenda Announced

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

Excitement for BankHorizons is building - with a full trade show floor and intriguing speakers on the agenda. Don’t miss the opportunity to join us on Wednesday, November 20 at New Jersey’s most valuable and productive banking conference and trade show.

At BankHorizons, you'll experience 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. It's all happening at the newly-remodeled Resorts Casino Hotel in Atlantic City. Register online today at www.BankHorizons.com.   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

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

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 Dean of 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

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

NJBA Service Corp. Solicits Associate Members Interested in Select Service Provider in "Enterprise Risk Management" Service Category

NJBankers is currently accepting Requests for Proposals (RFPs) from those Associate Member firms dealing with Enterprise Risk Management Services.  Those Associate Member firms interested in becoming a Select Service Provider in this category are asked to contact Jenn Zorn at (908) 272-8500 ext. 611 to review the program and membership process no later than October 25.    Read more

Atlantic Stewardship Bank Announces the Promotions of Chadwick, Stanford and Tilstra


Atlantic Stewardship Bank announced the promotions of Claire M. Chadwick to executive vice president, Donald A. Stanford to senior vice president/senior credit officer and Gail Tilstra to senior vice president.    Read more

Lakeland Bank Appoints New Officers


Lakeland Bank has announced the appointments of George Darren Hrobuchak, David May, and Jeffrey Wichman to the Commercial Lending team.   Read more

Pascack Community Bank Announces the Appointments of Di Dolci and Gambatese


Pascack Bancorp, Inc., the holding company for Pascack Community Bank, announced the appointment of Frank Di Dolci, currently vice president, branch manager of the Westwood branch, to additionally assume the role as branch manager at the Hillsdale Branch and the appointment of Michael J. Gambatese, vice president, branch manager of the Hackensack branches known as Bank of Hackensack, Division of Pascack Community Bank.   Read more

Bank of America Awards More Than $800,000 in Grants to New Jersey Housing Nonprofit Organizations

The Bank of America Charitable Foundation announced more than $800,000 in housing grants to 22 New Jersey nonprofits focused on helping individuals and families achieve and sustain financial stability. This investment will help improve access to affordable housing, preserve neighborhoods and provide financial education and coaching for future homeowners.     Read more

BCB Community Bank Joins with New Jersey Agencies in Developing Low Cost Housing in Jersey City

BCB Community Bank, working in conjunction with NJ Deptartment of Community Affairs, NJ Housing and Mortgage Finance agency, Hudson County home funds, Jersey City redevelopment funds and the Morris Canal Community Development Corp., were able to develop 8 affordable housing units in Jersey City. The total cost for the project was in excess of $2,000,000. Pictured L to R – Sparkle Mair, office manager of Morris Canal; William O’Dea, Freeholder; Sam Hawkins, Ken O’Neill, BCB Community Bank; June Jones, executive director of Morris Canal; Sandra Cunningham, Assemblywoman; Jersey City Mayor Steve Fulop; Sister Julia Scanlon of Morris Canal, Tina Senatore of Morris Canal; and Derese Bell, executive director of Jersey City Redevelopment.    Read more

Columbia Bank "Teams Up" with Burlington County Habitat for Humanity

A volunteer crew of Columbia Bank employees recently teamed up with Burlington County Habitat for Humanity to help renovate a home for single mothers and their children in Mount Holly.  The Team Columbia volunteers worked on the interior of the home, built a sidewalk and spruced up the yard.

Shown at the Habitat work site are Columbia Bank volunteers (from left) Frank Dera, Bill Cossaboon, Mark Schott and Tom McQuillan.    Read more

Fulton Bank of New Jersey Joins NJBankers to "Restore the Shore"

Fulton Bank of New Jersey supported Coastal Habitat for Humanity in its goal to provide affordable housing for low income families at the Jersey Shore by making an $1,800 donation to the organization.  In addition, FBNJ employees volunteered for two days at sites in Manasquan, painting, cleaning, laying floors and performing other construction tasks to help in the rebuilding process in the aftermath of Superstorm Sandy. This project was part of the NJBankers “Bankers Build” Initiative.   Read more

Peapack-Gladstone Bank Employees Give the Gift of Life

Every two seconds, a patient in the United States is in need of blood. Since blood cannot be manufactured, this startling statistic underscores the crucial need for blood donations.  One pint of blood can save up to three lives, so making a blood donation is a unique chance to save not one but multiple lives. 

Peapack-Gladstone Bank makes donating blood a bi-annual company-wide effort.  Each spring and fall, employees line up to give the gift of life.  In conjunction with New York Blood Services, Peapack-Gladstone Bank recently held its 16th consecutive Employee Blood Drive at their Corporate Headquarters in Bedminster.  This year’s fall blood drive presented 69 donors, collecting 58 products. Seen above is Peapack-Gladstone Bank employee and Fall Blood Drive donor, Elizabeth von der Linde.   Read more

The Provident Bank Employees Join NJBankers to "Restore the Shore"

The Provident Bank employees volunteered their time to Coastal Habitat for Humanity rebuilding a home damaged by Superstorm Sandy as part of the NJBankers “Bankers Build” Initiative.   Read more

Associate Member McGladrey Welcomes Mulloy

NJBankers Associate Member McGladrey LLP, announced the appointment of Patrick J. Mulloy, CPA to partner, audit services.   Read more

Associate Member WeiserMazars LLP Welcomes Day as New Equity Partner

NJBankers Associate Member WeiserMazars LLP announced that Bridget Day, was promoted to equity partner.  Day was formerly income partner at the firm.    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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