If this page doesn't display properly in your email, click here. February 19, 2014
New Jersey Bankers Association
Legislative Update
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Regulatory Bulletin
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NJBankers Board Elects 2014-15 Officers


At its meeting last week, the NJBankers Board of Directors elected officers for the association’s 2014-15 fiscal year. They are

Gerald L. Reeves, president & CEO, Sturdy Savings Bank
First Vice Chairman
Angela Snyder, CEO & vice chairman, Fulton Bank
of New Jersey
Second Vice Chairman 
James S. Vaccaro, president & CEO, Manasquan Savings Bank

Gerald L. Reeves is president, CEO and director of Sturdy Savings Bank, a $552 million mutual bank headquartered in Cape May Court House, New Jersey.  Reeves joined the bank in 1991 where he started Sturdy’s commercial lending program.  During his thirty years’ banking career, he was also active in Commercial Lending at Horizon Bancorp and Chemical Bank.

Angela Snyder is CEO and vice chairman of Fulton Bank of New Jersey, a Fulton Financial subsidiary headquartered in Mt. Laurel, New Jersey.  Fulton Bank of New Jersey has assets of $3.5 billion and operates 73 branches throughout the state of New Jersey.  Snyder is responsible for the strategic direction and growth of Fulton Bank of New Jersey.  She has more than 20 years of experience in the financial services industry.

James S. Vaccaro, president and CEO, Manasquan Savings Bank, oversees the $870 million mutual bank formed in 1874. Prior to joining the bank in 2012, he was the executive vice president and COO of Springpoint Senior Living, a nonprofit provider of senior housing and health care. He has more than 30 years of experience in the financial and insurance industries, having served as chairman/president/CEO of Central Jersey Bancorp, among others. Vaccaro serves on a number of boards, including those of Monmouth University, Saint Barnabas Corporation, and the Visiting Nurses Association of Central New Jersey. He is a former member of the board of the New Jersey Bankers Association.

The officers will take their oath of office at the Second General Session (May 3, 2014) at the 110th Annual Conference at the Marco Island Marriott Beach Resort in Marco Island, Florida.

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Upcoming Conferences - Mark Your Calendar
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Director Online Training
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Other Industry Meetings
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McCarty Appointed to Fill Vacancy on NJBankers Board of Directors

Donald McCarty, Chief Executive Officer for Susquehanna Bank’s Greater Delaware Valley Market, has been appointed by the Board of Directors to fill the District 3 vacancy resulting from the resignation of Thomas Geisel. McCarty is responsible for the delivery of the company’s full array of financial products through its 69 branch office locations throughout the market. He also oversees the bank’s Middle Market Lending line of business which targets large middle market companies throughout the Susquehanna footprint.

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An Evening with the Commissioner - March 18

Members are encouraged to attend “An Evening with the Commissioner,” featuring New Jersey Department of Banking & Insurance Commissioner Kenneth E. Kobylowski on Tuesday, March 18, 2014 at the Hyatt Regency in New Brunswick, NJ. Registration form

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NJBankers Capitol Hill Visits March 24 - March 26 Omni Shoreham, Washington D.C.

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. Read More

FHLBNY Declares a 4.75% Dividend for the Fourth Quarter of 2013
Alfred A. DelliBovi, president and CEO

I am pleased to announce that, on February 14, 2014, your Board of Directors approved a dividend for the fourth quarter of 2013 of 4.00% (annualized), and a supplemental dividend for the quarter of 0.75% (annualized), for a total dividend for the fourth quarter of 2013 of 4.75% (annualized). The dollar amount of the fourth quarter of 2013 dividend will be approximately $65.6 million. The cash dividend was distributed on February 18, 2014.

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Directors and Managing Officers Conference - March 14

Directors and Managing Officers Conference
"Bringing Board Issues into Focus" 
Friday, March 14, 2014
Renaissance Woodbridge Hotel, Iselin, NJ

Boardroom intelligence is more important than ever and NJBankers Directors and Managing Officers Conference will help guide your board for the challenges ahead. We have assembled a program of outstanding speakers to help your directors become a strategic asset for your financial institution.

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110th Annual Conference Takes Members to Marco Island, FL

April 30 – May 4, 2014
Marco Island Marriott Beach Resort, Marco Island, FL

Registration is now open for the NJBankers 110th Annual Conference.  The Marco Island Marriott Beach Resort, Marco Island, FL, will be the site of this year's annual conference. 

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DEADLINE EXTENDED: Highlight the Impact Your Bank Has Made on the Communities You Serve with the NJBankers Community Service Awards

NJBankers wants to give your bank the opportunity to get the recognition it deserves for its community service initiatives.  The Community Service Award program highlights the significant impact New Jersey banks have on their local communities.

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Earn CRA Credit by Combatting Elder Abuse Provided through the Senior Housing Crime Prevention Foundation

Thursday, March 6, 2014
11:00 a.m. - 11:30 a.m. EST

The SHCPF provides an avenue to earn loan, investment and service credit on your next CRA exam

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Advanced IRA Issues Compliance Seminar - Tomorrow

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

Join NJBankers and Pension Management Company for this annual seminar.  Anyone can stand at a lectern and spout rules and regulations.  The challenges are 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.  Read more

Campaign Finance Seminar - March 4

Campaign Finance Seminar:
Developing an Ethical and Effective Political Activity
Compliance Program
Tuesday, March 4, 2014
Crowne Plaza, Monroe Township, NJ
CPE & CLE Credits 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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Annual Security Seminar - Presented by Profit Protection - March 19

Annual Security Seminar
presented by Profit Protection LLC
Wednesday, March 19, 2014
Crowne Plaza, Monroe Township, NJ
CPE & CLE Credits May Apply

Topics for this annual seminar will include:  Protecting Against Workplace Violence and Active Shooters; Proactive Measures to Avoid Confrontation and Stay Safe; A Close Look at Internal Fraud and Embezzlement; Security Diagnostic: An Enterprise-wide Risk Analysis and Assessment; Security Diagnostic: An Enterprise-wide Risk Analysis and Assessment and more.

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2nd Annual Bank G.R.O.W.T.H. Executive Conference with NJBankers and mOSa eBank Marketing Services - April 4

G.R.O.W.T.H. Executive Conference
Friday, April 4, 2014
Pines Manor
2085 Route 27, Edison, NJ 08817

This second annual conference is designed to help banks adapt and obtain a G.R.O.W.T.H. mindset, to Gain Revenues by Organizational Wins Through High Level Leadership, regardless of the environment surrounding the banking industry today.  There are five major points that will be touched upon during this action packed thought provoking full day program that will help your bank grow. 

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Magyar Bank Conducted Food Drive for MCFOODS

Magyar Bank recently conducted a food drive for MCFOODS, Middlesex County Food Organization and Outreach Distribution Services created by the Board of Chosen Freeholders in 1994 to help ensure that an adequate supply of nutritious foods and necessities are readily available to Middlesex County residents in need at all times.


Pictured, left to right, are Magyar Bank President & CEO John S. Fitzgerald, a representative from MCFOODS, and Ken Bland, Magyar Bank Community Relations specialist. 

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Seeking Position

Senior Lending Officer: A career New Jersey bank officer possessing strong background and experience in management, organizational, lending and operations.  Very strong interpersonal skills with all levels of an organization and its customers.  Background includes experience as a COO and SLO, completed formal credit training, strong commercial lending background with an emphasis on commercial real estate. For a copy of the resume, please contact Erin Suckiel at esuckiel@njbankers.com.

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