If this page doesn't display properly in your email, click here. January 22, 2014
New Jersey Bankers Association
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New Jersey Bankers Issue 2014 Economic Survey

The New Jersey Bankers Association, in conjunction with the Edward J. Bloustein School of Planning and Public Policy at Rutgers University has released the results of the fourth annual NJBankers Economic Survey of Bank CEOs. The survey inquired about national and state current economic assessments, as well as six-month projections; expectations about long-term and short-term interest rates; commercial real estate loan demand; and residential loan and refinance demand. The survey also explores real estate values, currently and expected, as well as a set of negative indicators and common obstacles to lending.

James W. Hughes, dean, Edward J. Bloustein School of Planning and Public Policy, Rutgers University presents the findings of the NJBankers 2014 Economic Survey


Marc D. Weiner, assistant research professor, associate director and faculty fellow, BCSR discusses the methodology for the survey which received a 63% response rate.


 Donald J. Musso, president/CEO, FinPro Inc. discussed a new program that he is developing for the university and its students –  Developing a Rutgers / Community Bank Partnership for Summer Internships. NJBankers thanks FinPro for sponsoring the survey. This in-depth research was possible because of their support.

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Upcoming Conferences - Mark Your Calendar
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Fed Beige Book: Economy Expanding at Moderate Pace

Reports from the twelve Federal Reserve Districts indicated that the economy continued to expand at a modest to moderate pace from early October through mid-November. Activity in the New York District grew at a moderate pace while Philadelphia cited modest growth. Overall economic activity continued to grow at a moderate pace in most Fed districts from mid-November through the end of 2013, the Federal Reserve reported in its first Beige Book release of 2014.

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Liseno Appointed to New York Fed's Community Depository Institutions Advisory Council
The Federal Reserve Bank of New York has announced the appointment to its Community Depository Institutions Advisory Council (CDIAC) of Katherine J. Liseno, president and chief executive officer of Metuchen Savings Bank.
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NJBankers Capitol Hill Visits - SAVE THE DATE

Once again, NJBankers will be conducting visits to your Congressmen and Senators this Spring.  From March 24th through March 26th, in conjunction with the American Bankers Association's Washington Government Affairs Summit, NJBankers will be coordinating meetings with our Federal representatives. 

In past years, the ABA portion of the trip included speeches by regulators and the national leadership.  NJBankers has been successful in having meetings with most of our Congressional delegation. 

Further details will follow, but please save the date for this worthwhile venture. Read more

Advanced IRA Issues Compliance Seminar - NEW

Advanced  IRA Issues Compliance Seminar - NEW
Thursday, February 20, 2014
NJBankers Office, Cranford, NJ, 07016
CPE & CLE Credits May Apply

Join NJBankers and Pension Management Company for this annual seminar.  Anyone can stand at a lectern and spout rules and regulations.  The challenge is to make sure people understand what the rules mean and how to apply them in everyday situations.  This Advanced IRA Issues Compliance Seminar is an exceptional, hands-on workshop that will provide critical information on IRAs and tax-favored savings plans in terms you can readily understand. 

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Campaign Finance Seminar- NEW

Campaign Finance Seminar - NEW
Developing an Ethical and Effective Political Activity
Compliance Program
Tuesday, March 4, 2014

Crowne Plaza, Monroe Township, NJ
CPE & CLE Credits May Apply

These days, political participation requires vigilance.  All procedures and protocols should be reviewed in advance, and each decision to participate should be evaluated specific to the context in which the request is made – not every circumstance is the same.

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Eric Kesselman Named Second Vice President/Director of Marketing at Kearny Federal Savings Bank

With three decades of marketing and advertising related experience, Kesselman has dedicated the majority of his corporate career to the banking and finance industry.  Charged with directing his team in further strengthening the Bank’s bottom line by gaining increased market share through product development, retail branch expansion, and effective marketing and advertising strategies through new channels, Kesselman also implemented a bank-wide employee recognition program. Read more

Rene H. Miranda Promoted to Team Leader

Rene Miranda has been promoted to senior vice president/loan team leader of Sussex Bank’s Rochelle Park Lending Team. With over twenty years in the commercial banking industry, Miranda is highly skilled in business development, commercial real estate, equipment and construction lending.

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Craig C. Spengeman Joins OceanFirst Bank as Executive Vice President and Director of Trust & Asset Management

Craig C. Spengeman has joined OceanFirst Bank as executive vice president and director of Trust & Asset Management. Spengeman will be responsible for the overall management and growth of the Trust & Asset Management department and will have offices in Red Bank and Manchester.

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Rich Tonto Joins Bank of Woodbridge, Division of BCB Community Bank

Rich Tonto has recently joined the Bank of Woodbridge, a Division of BCB Community Bank, as senior vice president for business development. Tonto has had more than 19 years in the Woodbridge banking community having worked as an SVP in corporate development for a community bank in NJ.

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Mariner's Bank Contributes to Education of Students Interested in Finance

Mariner’s Bank Chief Lending Officer Sal Cortorillo and Chief Operating Officer Raul Oseguera presented Brianna Antonelli with the NJCPA Scholarship at their recent awards ceremony at the Ramsey Country Club. This award is to recognize students who have goals of pursuing a career in accounting with a financial gift that will aid in enhancing their opportunities. Mariner’s Bank is proud to continue to contribute to the education of students interested in a career in finance.



Provident Bank Reveals New Logo to Commemorate 175th Anniversary

To celebrate its 175th anniversary and herald in a new era, Provident Bank, the oldest community bank operating exclusively in New Jersey, has introduced a fresh logo. The Bank will retain its “beehive” image to honor rich heritage while looking to the future. 

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Pascack Community Bank Toy Drive Benefits Tomorrow's Children Fund

Pascack Bancorp announced that Pascack Community Bank hosted a toy drive during the month of December to benefit the Tomorrow’s Children’s Fund at Hackensack University Medical Center. The toy drive was held at each of the bank’s eight branches located in Hackensack, Hillsdale, Lodi, Nutley, Rochelle Park, Waldwick and Westwood.

Pascack Community Bank staff pictured from left to right top row; Anibal Badim, John Falcone, Mike Gambatese, Mike Trepicchio, Mike Elayan, Frank DiDolci, Nancy E. Graves, Joe Hoppe, Gina Iacobucci, Michelle Albert and bottom row, Luz Sotomayor and Erica Victoria.

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Bank of America's Student Leaders® Program
The Bank of America Charitable Foundation’s Student Leaders® Program is accepting applications for the 2014 program.  The bank is looking to identify outstanding young people who are passionate about making a difference in our community.

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McGladrey Expands Financial Institutions Team to Meet Client Needs

McGladrey, LLP recently announced that James (Jim) Norfleet has joined the firm as a partner in its New York City office.

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New Jersey Community Capital Offers Programs to Aid Sandy Victims

New Jersey Community Capital has launched two initiatives to improve the lives of residents in New Jersey who continue to suffer the after-effects of Hurricane Sandy: ReStart the Shore and the Gap Funding Initiative. Together, these programs will help over 1,000 families regain stability in the face of crisis.

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