If this page doesn't display properly in your email, click here. May 7, 2014
New Jersey Bankers Association
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Reeves Sworn in as Chairman of NJBankers


Gerald L. Reeves, president/CEO of Sturdy Savings Bank was sworn in as the 2014-2015 chairman of NJBankers board of directors at the NJBankers Annual Conference. In addition, James S. Vaccaro, president/CEO, Manasquan Savings Bank, assumed office as Second Vice Chairman. Angela Snyder, vice chairman/CEO of Fulton Bank of New Jersey, who was unable to attend the Conference due to a family commitment, will be installed as First Vice Chairman.

Click here to see a listing of all retired and newly elected & reelected board members

 
Board Appoints Executive Committee and New Jersey Bankers Education Foundation Trustees

The NJBankers Board appointed the following Board members to serve as executive committee members for the upcoming fiscal year: Paul E. Fitzgerald, First Bank; Thomas J. Holt, Bank of America; and Robert E. Stillwell, Boiling Springs Savings Bank. They join the officers, Chairman Gerald L. Reeves, Sturdy Savings Bank; First Vice Chairman Angela Snyder, Fulton Bank of New Jersey, Second Vice Chairman James S. Vaccaro, Manasquan Savings Bank; and Immediate former Chairman Stewart E. McClure, Jr., Lakeland Bank on the Committee.

Additionally, the Board appointed the executive committee members as Trustees of the New Jersey Bankers Education Foundation joining Robert E. Stillwell (Foundation Chairman); John E. McWeeney, Jr., James M. Meredith (Secretary & Treasurer) and Former Presidents Samuel J. Damiano and James R. Silkensen.

 
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110th Annual Conference Wrap Up

Thanks to the 490 members, associates and guests that attended the NJBankers’ 110th Annual Conference last week. By all accounts, it was another successful event with an overwhelming attendance and a line-up of dynamic speakers.

Gerald L. Reeves acceptance speech as NJBankers Chairman of 2014-2015

Read more and photos

 
Garbarino Honored with Forrey-Gallman Award at Annual Conference

On behalf of the NJBankers board of directors and membership, President John E. McWeeney, Jr. presented the 2014  Forrey-Gallman Award to John R. Garbarino, chairman and CEO of OceanFirst Bank, at the First General Session. The award is bestowed upon members that have demonstrated long-term outstanding service to the New Jersey banking industry.

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Members Recognized for Community Service Activities

Congratulations to the following members who received special recognition in the NJBankers Community Service Award program at the Annual Conference: City National Bank; Columbia Bank; JPMorganChase Bank; NVE Bank; Peapack-Gladstone Bank; Roselle Savings Bank; and Valley National Bank.

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Kevin Cummings and Christopher Martin Named Recommended Candidates for FHLB-NY Board of Directors

The NJBankers Board of Directors named Kevin Cummings, president & CEO, Investors Bank, and Christopher Martin, chairman, president & CEO of The Provident Bank, as the recommended candidates for the two upcoming New Jersey seat vacancies on the Board of Directors of the Federal Home Loan Bank of New York. Members are urged to vote for Messrs. Cummings and Martin when the election materials are distributed by the Bank later this year.

 
BCG INC. News

NJBankers 2014 MemberHealthcare Survey Results

Bankers Cooperative Group, Inc. (BCG) is pleased to provide you the results of the 2014 NJBankers Healthcare Survey.  The results were tabulated from the responses received from forty-four (44) New Jersey Bankers Association member institutions during the month of March 2014.  You will find the results presented in both the aggregate for all institutions and further categorized according to six asset groupings.

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NJBankers Welcomes New Associate Members

NJBankers is pleased to announce that the following firms have joined the Association. These firms recognize the value of membership in NJBankers and we applaud their support of the New Jersey banking industry.

      • Computer Services, Inc. (CSI)
      • Eisenberg, Gold & Cettei, P.C.
      • Goodwin Procter LLP
      • USDA, Rural Development

Read for more information and company contacts

 
CFPB Proposes Online Privacy Disclosures

The Consumer Financial Protection Bureau (CFPB) proposed a new rule yesterday that would allow financial institutions to post annual privacy notices online rather than delivering them through direct mail if they meet certain requirements. The CFPB estimated that approximately $17 million could be saved by the industry each year if qualified institutions choose the online disclosure method. 

The Gramm–Leach–Bliley Act (GLBA) generally requires institutions to send annual privacy notices directly to customers, which describe how the consumers’ nonpublic information is being shared. “Institutions that choose to rely on this new method of delivering privacy notices would be required to use the model disclosure form developed by federal regulatory agencies in 2009,” said the CFPB.

The proposal is open for a 30 day comment period. Please click HERE for additional information.

 
Reminder - NJBankers' Compensation Surveys Deadline Approaching

Once again in 2014, NJBankers is conducting two compensation surveys that will provide valuable information to the membership:

Crowe Horwath LLP Financial Institutions Compensation Survey:  This survey provides descriptions and useful benchmarks of compensation, incentives, benefits and human resource practices for 192 positions.  By participating in the survey, members will receive the survey results at a substantial discount and will help make the survey more valuable for all participants.  In addition to a report for the state of New Jersey, the members can also purchase a Comprehensive Report based on financial institutions in multiple states.  Members can participate in and purchase either the Compensation & Benefits Reports or the Salary Survey or both. Additionally, there is either a hardcopy with PDF version or a PDF version option only.  Please respond to Candice Cullen candice.cullen@crowehorwath.com to confirm your participation and Candice will forward via e-mail the survey for your completion. 

NJBankers “Top Five Management” and Directors Compensated Positions: In addition to the NJBankers sponsored Crowe Horwath Compensation Survey, NJBankers is also conducting its annual internal salary survey, which provides information on the top five salaries for each bank along with directors’ compensation.  All participants will receive survey results at no cost. Please contact Jim Meredith at jmeredith@njbankers.com for a copy of the survey form.

Since the NJBankers survey is designed to supplement and coordinate with the salary/benefits survey of the Crowe Horwath survey we urge you to participate in both surveys as the more institutions that participate, the more valuable the surveys will be. 

Time is quickly running out, so please contact us today!

 
2014 Employment Law Update Seminar

Employment Law Update Seminar  
Crowne Plaza Monroe, Monroe Township, NJ
Tuesday, May 13, 2014
6 CPE & 6 CLE Credits Will Apply

The New Jersey Bankers Association is once again offering the ever-popular Employment Law Update Seminar.

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Annamae Baerenbach Memorial 26th Annual Lending Conference

Annamae Baerenbach Memorial
26th Annual Lending Conference
Thursday, May 15, 2014
Pines Manor, Edison, NJ
5 CLE & CPE Credits Will Apply

Join us for our 26th Annual Lending Conference. 

NJBankers has designed a conference that is timely, informative and intended to keep you up-to-date on the latest developments in today's residential and commercial mortgage markets.

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Women in Banking Conference - Knowledge, Power, Mentorship
Women In Banking Conference
Knowledge, Power, Mentorship
Thursday, June 5, 2014
The Palace at Somerset Park, Somerset, NJ
1 CPE Credit Will Apply

Join us for our fourth annual one-day conference concentrating on the advancement of women in leadership positions.  Successful women managers and leaders from New Jersey financial institutions and affiliated professional groups share their experiences and knowledge with future leaders.

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NJBankers & NJ Society of CPAs Present the Seventh Annual Golf Outing to Benefit Special Olympics New Jersey

NJBankers & NJ Society of CPAs
Present the Seventh Annual Golf Outing
to Benefit Special Olympics New Jersey
Monday, June 9, 2014
Mercer Oaks Golf Course, West Windsor, NJ

The New Jersey Bankers Association and the New Jersey Society of CPAs are again co-hosting this seventh annual golf event. This year the beneficiary of the event will be Special Olympics New Jersey. We have an exciting and fun day scheduled with many sponsorship opportunities available!

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2014 Compliance University

2014 Compliance University
Crowne Plaza Monroe, Monroe Township, NJ
Wednesday, June 18 – Friday, June 20, 2014
CLE/CPE/CAMS/CRCM/CFSS Credits May Apply

The 2014 Compliance University is a three-day program covering a wide range of intermediate and advanced compliance issues presented by compliance experts with a broad array of experience and knowledge. Attend and get up-to-date information on regulations, legislation, vendor management, cyber security, high risk banking, financial crime prevention, UDAAP and many more topics.

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Regulatory Visit to D.C.

Regulatory Visit to D.C.
Mayflower Renaissance, Washington, D.C.
Monday – Wednesday, June 23 – 25, 2014 

Join NJBankers as we kick-off our annual regulatory visit to our nations’ capital.  The trip is designed for all levels of bankers, from the most seasoned to your up and comers, to introduce them to the important regulatory issues affecting our financial institutions now!

This year we will be hosting for the first time an optional visit to Arlington National Cemetery on Monday night for a wreath laying ceremony followed by a group dinner.

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Conference Explores if Economic Growth Benefits All Communities

Date: May 12-14, 2014
Location: Loews Philadelphia Hotel


Sponsored by the Philadelphia Federal Reserve Bank, Reinventing Older Communities: Bridging Growth and Opportunity will take place May 12–14, 2014, at the Loews Philadelphia Hotel. This national biennial conference will explore how communities can grow and strengthen their economies by creating opportunities for all residents.

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Governor Proclaims April "Financial Literacy Month"
Joseph DiFiglia, Executive Director, New Jersey Council for Economic Education

The New Jersey Council for Economic Education would like to commend the Governor's Office for raising awareness of the importance of economic education with a recent proclamation to promote financial literacy.  The continued economic challenges in our communities serve to highlight the urgency of teaching economics and personal finance, and addressing how these concepts apply to daily life. 

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Capital Bank Announces Officer Changes

Capital Bank of New Jersey announced several officer changes at its Annual Stockholders Meeting.

         

Anthony J. Altadonna, chief lending officer, will be retiring effective June 13, 2014. Altadonna’s banking career spanned 40 years, including the first 10 as a bank examiner for the FDIC.

Joseph F. Rehm, senior vice president, will be promoted to executive vice president and chief lending officer effective June 13. Rehm has been employed in commercial lending for over 15 years.

Brian Timberman has been hired as vice president, Gloucester and Salem County Market Manager. Timberman has been a South Jersey banker for nearly 30 years.

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Harmony Bank Appoints Two New Members to its Board of Directors

Harmony Bank is pleased to announce the appointment of two new members to serve on its board of directors.  Gregory S. Wright was appointed fourth quarter 2013 and Stephan R. Leone, Esq. joined the Harmony Bank board effective today.

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Oritani Appoints Harvey R. Hirschfeld To Its Board of Directors

Oritani Financial Corporation announced today that it has appointed Harvey R. Hirschfeld to its Board of Directors. Hirschfeld is President and Director of Brooklyn, NY-based Plaintiff Funding Holding Inc. since its inception in 2000. He is a graduate of Farleigh Dickinson University and has more than 35 years experience in consumer and commercial lending as well as financial administration. Hirschfeld serves as Chairman of the American Legal Finance Association, an industry trade association with 35 member companies nationwide for the pre-settlement funding industry from 2004 to present.

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Valley National Bank Appoints Anthony Catanese to First Vice President - VNB® Cash Value Line of Credit Portfolio Manager

Valley National Bank announced today the appointment of Anthony Catanese, first vice president, VNB® cash value line of credit portfolio manager.  Valley’s VNB® Cash Value Line of Credit provides customers with a simple solution to borrow the money they need by leveraging the cash surrender value of a whole life insurance policy.

Read More

 
Atlantic Stewardship Bank Collects Pajamas and Books

During the month of March Atlantic Stewardship Bank hosted a children’s pajama and book drive to support the “1 Million Good Nights Pajama Program”.  Bank customers and associates were asked to donate new, unused pajamas and books to help the Pajama Program reach its goal of providing 1 Million Good Nights to Children in need.

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Bogota Savings Bank Donates Scholarships to Students

Bogota Savings Bank donated 4 - $1,000 scholarships to students at Bergen Community College

Peter Olobardi on left and Kevin Pace on right were representing Bogota Savings Bank

 
Kearny Federal Savings Bank Employees Attend Bridal Showcase

The largest and longest running Bridal Showcase in NJ, held at the Bethwood Estate in Totowa, included not only a wide selection of wedding specialists and merchants in the bridal industry, but also several financial institutions, offering their products and services to the future husbands and wives. With several hundred people in attendance, Kearny Federal employees answered questions about mortgage rates, checking and savings products.

 
Lakeland Bancorp Named to Forbes "America's 50 Most Trustworthy Financial Companies"

Thomas J. Shara, president and CEO of Lakeland Bancorp, has announced that Lakeland Bancorp has been recognized by Forbes as one of “America’s 50 Most Trustworthy Financial Companies.” Lakeland Bancorp (LBAI) ranked 25th in the ‘Small Cap’ category ($250 million to $1 billion).

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Atlantic City Resident Wins $5,000 in Sun National Bank Sweepstakes

Sun National Bank customer and Atlantic City resident Alice Gatewood was the lucky winner of $5,000 in the bank’s recent holiday sweepstakes. Gatewood’s entry was randomly selected from nearly 715,000 entries, in the bank’s Holiday Payback Sweepstakes, which concluded earlier this year.  Executives from Sun National Bank recently presented  Gatewood with her prize.

Atlantic City resident Alice Gatewood, winner of $5,000 in a Sun National Bank sweepstakes drawing, is pictured here with Colleen Manera, manager of the Sun National Bank.

 
The Provident Bank Walks to Raise MS Awareness

As part of Provident’s ongoing “Commitment to Giving” initiative, employees, friends and family members walked six miles alongside hundreds of others to help support Walk MS: an annual walk in Belmar to raise money for MS research. Team “MS-You’ve Got Some Nerve!” stops for a quick photo before heading out on their 2nd walk to support MS research.

 
Endorsed Service Provider Allstate Offers Second Quarter 2014 Promotion

NJBankers is pleased to offer to our entire membership, the following Second Quarter 2014 Spring into Summer Promotion from our Endorsed Service Provider Allstate New Jersey Insurance Co. As a member benefit to your employees, Allstate will provide a free $20 Pre-paid Gas Card when you get an auto quote from Allstate. Receive an additional $10 pre-paid Gas Card when you refer someone to Allstate. Please click here to download the flyer and a quote* sheet.  If your bank/company would like hard copies, please contact Neil Greco directly at 973-364-8040 or njgreco@allstate.com.

*Please note quotes apply to NJ residents only.

 
NJBankers and Wilentz Goldman & Spitzer Offer Commercial Lending Seminar

Monday, June 2, 2014
8:30 a.m. to 11:30 a.m.
At the Offices of Wilentz, Goldman & Spitzer
90 Woodbridge Center Drive
Woodbridge, NJ 07095 (10th floor conference room)

Wilentz, Goldman & Spitzer is offering a new complimentary seminar: Anatomy of a Commercial Loan Transaction – the Art of Negotiating, Documenting and Closing a Commercial Loan Transaction. Stuart A. Hoberman, Esq., co-chair of the firm’s Banking, Financing Services and Creditors Rights Department will be the speaker. Hoberman is a frequent lecturer and author in the areas of banking, financial services and lending. He is currently co-chair of the Bank Lawyers Committee of NJBankers and a past president of the New Jersey State Bar Association and the New Jersey State Bar Foundation. He is also past chairman of the Banking Law Section and the Business Law Section, as well as the Financial Transaction Committee of the New Jersey State Bar Association. Hoberman is also currently a member of the board of directors of the New Jersey State Chamber of Commerce.

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