If this page doesn't display properly in your email, click here. October 30, 2013
New Jersey Bankers Association
Legislative Update
Applications Bulletin
Regulatory Bulletin
Buy-Sell Loans/Participations
Web Seminars
NJBankers Charity Golf Event Raises $10,000 for Financial Literacy


From left to right: Don Meyer, director of communications, NJSCPA;
Catherine Milone, president, Junior Achievement of New Jersey; and John E. McWeeney, Jr., NJBankers president & CEO.

Together the New Jersey Society of CPAs and NJBankers donated $10,000 to Junior Achievement at the NJBankers 6th Annual Charity Golf Event to benefit Financial Literacy.  Over the past six years, NJBankers and NJSCPA have donated more than $60,000 to benefit Financial Literacy awareness.   Read more

Regulatory Agencies Propose Standards for Assessing Diversity Policies and Practices

The OCC, Fed, FDIC, CFPB, SEC and NCUA have proposed joint standards for assessing the diversity policies and practices of the institutions they regulate. According to the proposal, the Agencies believe that the term “assessment” encompasses many different types of assessments including self-assessment and provides an opportunity for the Agencies and the public to understand the diversity policies and practices of regulated entities.    Read more

Schafhauser and Roselle Savings Bank Honored by HomeSharing

Roselle Savings Bank and its President & CEO, Jill Schafhauser, were honored last week by HomeSharing for the bank’s longstanding efforts in supporting its mission. HomeSharing is a nonprofit organization that matches residents who need to share residences in order to continue living in them with individuals searching for affordable housing in the community. HomeSharing services Hunterdon, Middlesex, Morris, Somerset and Union counties. Schafhauser has been with the bank for 43 years and the bank will be celebrating its 125th anniversary in 2014. Congratulations to both!   Read more

Show Your Support for Veterans - NJBankers Veterans Day Ads Available

Veteran’s Day is November 11th and NJBankers has customizable ads so members can show their support for Veterans. Members are encouraged to place ads around the holiday in an effort to heighten awareness of our industry's initiative to provide scholarships through the New Jersey Bankers Education Foundation, Inc. The Foundation was established in 2005 to honor fallen or permanently disabled military members in the post-9/11 Afghanistan and Iraq conflicts by providing scholarships to their eligible dependents. The Foundation is completely funded by New Jersey banks and governed by industry trustees. In general, scholarships cover all or a portion of tuition and books/supplies not covered by an academic scholarship and Veteran Administration benefits.  

The ads can be customized with your bank’s name and logo and come in assorted sizes in black & white or color. Ads are available in a pdf format on the NJBankers website. Click here to access the ads. 

Show your support for the Foundation, Veterans and for their dependents.   Read more

 Member Poll
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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

Don't Miss Your Chance to Advertise in the 2014 NJ Financial Institutions Directory!

NJBankers produces our annual New Jersey Financial Institutions Directory which includes information on banks in NJ (along with contacts), info on associate members, endorsed service providers, our officers, board, upcoming events, bank holidays and more. The Directory is widely used by members, associates, endorsed providers, non-members and legislative bodies (including DOBI.) The directory offers great exposure for promoting your company to our members. Read more

Targeted Relief for Community Banks
Frank Keating, President and CEO, American Bankers Association

Getting legislation through Congress and signed by the president these days is an extremely heavy lift. However, while legislative advocacy – and action – is both challenging and difficult, we don’t give up because the job got harder.

We pull together, become more engaged and work to educate lawmakers about our issues. That’s how we’re moving forward on issues like regulatory relief, credit unions’ unfair and unnecessary tax exemption and the Farm Credit System’s outdated and outmoded tax breaks.

We also work with the regulators in identifying problems and proposing solutions that will help you get back to the business of banking – serving customers and building communities – rather than devoting increasing resources to excessively burdensome regulations.    Read more

NJBankers Announces Human Resources Conference Evaluation Winners

Congratulations to Dawn Paquette, NJM Insurance and Stacy Oliveri, Fulton Bank of New Jersey for winning the prize drawing for submitting evaluations for the Annual Human Resources Conference held October 17-18, 2013 at Caesars Resort & Spa, Atlantic City, NJ.  

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

Directors College

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

Only 25 seats remain!  Register today to secure your place!

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
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. Attendees will also hear from  a Regulatory Panel, which will include Rich Poliner of New Jersey Department of Banking & Insurance, Melissa Scofield of the Office of the Comptroller of the Currency and Gregory P. Wyka of the Federal Deposit Insurance Corporation on hot topics. Read more

Senior Housing Crime Prevention Foundation Offers Complimentary Webinar for an Innovative CRA Solution

Presented by Senior Housing Crime Prevention Foundation
Complimentary Webinar
Thursday, November 7, 2013
10:00 a.m. ET

Crime against the elderly is a longstanding, well-documented problem and the Senior Crimestoppers program is the only initiative, public or private, that is having a measurable impact on the problem of crime in America’s senior housing facilities.

Presented by Senior Housing Crime Prevention Foundation
Thursday, November 7th at 10:00 a.m. Eastern Time
  Read more

2013 BSA / Anti-Money Laundering Seminar

2013 BSA / Anti-Money Laundering Seminar
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

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, 2013.    Read more

Economic Leadership Forum 2014

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


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; Eleanor Thompson, special counsel, McCarter & English; and Wendy Cama, client engagement executive, Crowe Horwath, LLP.  

  Read more

Beacon Trust Welcomes Novek as Wealth Advisor

Gregg R. Novek of Warren has joined Beacon Trust Company, a subsidiary of The Provident Bank, as vice president and wealth advisor working with high net worth individuals and families to develop retirement and estate plans through comprehensive financial planning.   Read more

Lakeland Bank Appoints Korngruen to Vice President, Commercial Loan Officer

Lakeland Bank announced the appointment of R. David Korngruen to vice president, commercial loan officer for the CML Sussex Team based in Newton.

Korngruen has more than 25 years of relationship and portfolio management experience, most recently with City National Bank of New Jersey as vice president portfolio management.   Read more

Marcotullio Joins TD Bank as Head of Global Retirement & Benefits

TD Bank named Paul R. Marcotullio as head of Global Retirement & Benefits. Based in Mt. Laurel, he will lead the retirement and benefits function for TD Bank, responsible for strategy, program design and development, governance and oversight for the bank’s retirement, benefits, savings plans and recognition programs.   Read more

Atlantic Stewardship Bank Volunteers for NJBankers Bankers Build

On Wednesday, October 2, 2013, a group of seven volunteers from Atlantic Stewardship Bank joined the New Jersey Bankers Association “Bankers Build” initiative to help restore the Jersey Shore. Read more

BCB Community Bank Begins its "Kids in Banking" Program for 3rd Graders


Members of BCB Community Bank visited with Bayonne’s Midtown Community School’s 3rd grade to help educate them on the importance of banking and economics in today’s world.

More than 100 students were provided with customized BCB Community Bank coloring books which highlighted a variety of different banking terms and functions. Students were asked to read along with BCB staffers and use the coloring book like a “text” book. In addition to the coloring books students were provided with a variety of bank related objects such as a debit cards, checks and deposit slips.   Read more

Boiling Springs Savings Bank Named One of the Best Banks to Work For by American Banker

Boiling Springs Savings Bank has been named one of the Best Banks to Work For. The program, which was initiated in 2013 to identify, recognize and honor the best banks to work for in the nation, is a project of American Banker and Best Companies Group.   Read more

Columbia Bank Teams Up with Food Bank of South Jersey

A volunteer crew of Columbia Bank employees recently teamed up with the Food Bank of South Jersey in Pennsauken to sort and distribute food to needy residents.  The Columbia volunteers provided over 20 hours of community service.  Columbia Bank is also a regular supporter of local food banks and feed-the-hungry programs throughout New Jersey and collects food items for Food Bank of South Jersey as part of their annual food collection efforts.

Shown at the food bank’s distribution warehouse are Columbia Bank employees (from left standing) Linda Hackley, Columbia’s Sicklerville branch manager; Commercial Lender Patrick Taggart; Sicklerville Teller Beverly Goodman, and Commercial Lending Secretary Shirley Levins; (from left kneeling) Theresa Freedman, Medford branch manager; and Medford Head Teller Danielle Milillo.   Read more

Bicycle Winners Claim Prize at Kearny Federal Savings Bank

Kearny Federal Savings Bank along with the Kearny Police Department Community Policing Unit recently hosted the 3rd Annual Kid’s Bicycle Safety Fair. In addition to the bicycle safety courses and instructions on bicycle inspection given by the Police Department, the Kearny Optimist Club provided bicycle helmets for over 80 children at the event. Kearny Federal Savings Bank provided two bicycles for lucky prize winners.

Pictured (back row left to right) - Sgt. Pete Caltabellotta, Georgeanna McDonough, AVP/branch manager of the Kearny Office, Dr. John Branwell - president of the Optimist Club and Patrolman Jack Grimm, (front row left to right) - Bicycle winners Brandon Belichak and Melany Diaz.   Read more

Raptor Trust's Recovery Efforts Taking Flight Following Recent Storm Damage

Recently Chris Soucy, the newly appointed associate director of Millington, NJ’s Raptor Trust wild bird rehabilitation center, began his first day on the job with a quiet walk around the facility making observations and taking notes.  Before the day was done, the institution was thrown into chaos and disarray after a powerful tornado-like microburst touched down into this normally placid refuge, uprooting and snapping huge trees, destroying two large outdoor bird cages and severely damaging five others. Pictured  accepting a supporting donation from Millington Savings Bank are (L-R) Raptor Trust Founder and President, Dr. Len Soucy; Raptor Trust Associate Director, Chris Soucy; Millington Savings Bank President/CEO Michael Shiner; and Raptor Trust Educator, Karyn Whitehurst.   Read more

Mariner's Bank Participates in Dumont's Annual Dumont Day

Mariner’s Bank was recently a main sponsor of Dumont’s annual Dumont Day event. Branch personnel from the local branch welcomed visitors with t-shirts, bags, hats, pens, and a raffle, along with financial product information.   Read more

Regal Bank Hosts Grand Opening Celebration of West Orange Branch

To kick off their commitment to the community, Regal Bank marked the opening of the company’s newest branch in West Orange with a celebration for local residents and business owners on Sunday, October 20, 2013.

The new branch was the setting for a day of family-friendly activities. Kids of all ages enjoyed balloon artists, jugglers and caricature portraits. Visitors had the chance to learn about special bank offers and programs including a grand opening CD rate and Free Checking for Life.    Read more

Sussex County 4-H Recognizes Sussex Bank

Sussex County 4-H recently honored Sussex Bank with their 2013 Business Award at their Volunteer Appreciation Dinner.  The event, which took place at Baleville Congregational Church in Newton, acknowledged Sussex Bank for their corporate support of their Youth Development Programs throughout the years. During the dinner (left) David Foord, senior program coordinator at Sussex County 4-H, presented (right) Tony Torre, vice president/business development officer at Sussex Bank with a plaque for the Youth Development Business Award.   Read more

Famous Wyeth Painting Stays in Trenton Through Loan to Thomas Edison State College


A towering painting depicting George Washington’s visit to Trenton on his way to his 1789 presidential inauguration in New York has been relocated to its new home at Thomas Edison State College thanks to Wells Fargo.

The painting by N.C. Wyeth, which is 17 feet tall and 12 feet wide, was commissioned in 1930 by First Mechanics National Bank, the legacy company to Wells Fargo, and had been on display at 1 West State St. ever since. When Wells Fargo decided to leave its large office space earlier this year to move to a new, smaller space on East State Street, the bank began to look for a new home for the painting.

Although bank officials looked to loan the piece to the state museum, they finally settled on a five-year loan to Thomas Edison, said John Thurber, the vice president of public affairs at the college. Read more

Endorsed Service Provider BFS Presents Check to Winner of Drive to 125 Charity


Paul Fitzgerald, vice chairman & COO of First Bank, was the $1,000 grand prize winner of BFS Group’s Drive to 125 charity challenge at the New Jersey Bankers Association Annual Summer Golf Outing.  Fitzgerald split the prize into two checks.  He chose to donate $500 to both The Boys and Girls Club of Trenton and The Foundation for Diabetes Research. 

Pictured from left to right:  Reggie Coleman, associate executive director, The Boys and Girls Club of Trenton;  Paul Fitzgerald, vice chairman & COO, First Bank;  John Gianacaci, partner, BFS Group.    Read more

Associate Member Ambassador Financial Group, Inc. Advises MVB Financial Corp. On Its Purchase and Assumption of CFG Community Bank

Over the past few years, Associate Member Ambassador Financial Group, a boutique financial services company that provides comprehensive balance sheet strategies encompassing fixed income portfolio management and execution,  has completed numerous whole bank acquisitions, branch sales and acquisitions of fee businesses.   Read more

Associate Member McGladrey, LLP Announces Loan Loss Reserve Survey

Benchmarking your data against that of your peer financial institutions is a critical step in evaluating whether your overall reserves are at an adequate level.

McGladrey invites you to participate in their annual Loan Loss Reserve Survey based on your September 30, 2013 calculations.   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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