If this page doesn't display properly in your email, click here. June 25, 2014
New Jersey Bankers Association
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New Jersey Bankers and Coastal Habitat Join Forces for Second Summer of Rebuilding Shore Houses Destroyed by Superstorm Sandy

It’s been two years since parts of the shore were devastated by Superstorm Sandy. Many may have forgotten about the storm and its effects but not the members of the New Jersey Bankers Association. A coalition of NJBankers members are continuing to help repair homes damaged by the superstorm with the second Bankers Build; a summer-long program coordinated with Coastal Habitat for Humanity.

A presentation of NJBankers members contributions totaling $20,000 was held to launch the event. From L-R: Robert Hart, SVP residential lending, Manasquan Savings Bank and Coastal Habitat for Humanity board member; Maureen Mulligan, executive director, Coastal Habitat; Stanley Koreyva, EVP/COO, Amboy Bank; Randy Bishop, Councilman, Neptune Township, William Moss, president/CEO, Two River Community Bank and John McWeeney, Jr, president/CEO New Jersey Bankers Association.

As part of the NJBankers Build Initiative, Amboy Bank made a $1,000 contribution to Coastal Habitat for Humanity to help them restore the dozens of homes that they are working on along the Jersey shore. Amboy Bank employees are pictured at a Neptune home that was damaged by Superstorm Sandy and is being restored by Coastal Habitat for Humanity. Amboy employees from left to right: Arlene Lemmerman, Len Casella, Cyndi Blier, Stan Koreyva, Debby Skwiat, Brendan O’Loughlin, Kathy Schlesinger, Gene Boitchenko, and above Josh Rainone. Amboy Employees spent the day at the home framing the new floor.

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NJBankers 2014 Annual Golf Outing

NJBankers 2014 Annual Golf Outing
Monday, August 11, 2014
Fiddler's Elbow Country Club, Bedminster, NJ

Join NJBankers for a great day of networking and a great day of golf.  Two course exclusivity for NJBankers tournament means less play time and more face time on our beautiful host course, Fiddler's Elbow in Bedminster, NJ!

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Associate Member "Asphalt in August" Picnic

  Associate Member "Asphalt in August" Picnic
  Date: Tuesday, August 19, 2014 (Rain or Shine)
  Time: 11:30 a.m. to 2:30 p.m.—Open House
               Location: NJBankers Office, 411 North Ave East, Cranford, NJ 07016

It’s that time of year again.  Time for NJBankers 3rd Associate Member “Asphalt in August” Open House Picnic.    
We will again be offering the picnic in conjunction with two "Meet and Greets" with Association staff at 10:30 a.m. or  2:30 p.m.
Come for the Meet and Greet—Come for the picnic or come for both!

Look for further information this summer!

FDIC and OCC Present Joint Mutual Forum

July 23 - 24, 2014
OCC Headquarters, 400 7th Street SW, Washington, DC

The Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency are presenting the 2014 Joint Mutual Forum.  The intent of the Forum is to promote the operations of mutual depository institutions and discuss industry trends. Attendees will have the opportunity to meet with executives from other mutual organizations as well as senior management from the OCC and the FDIC, including FDIC Chairman Martin J. Gruenberg and Comptroller of the Currency Thomas J. Curry.

Presentations will address topics of interest to the mutual industry, including the latest legislation, an economic outlook, cybersecurity challenges and regulatory compliance updates.  Breakout sessions will focus on interest rate risk, third party relationships and mutual holding companies.  Mutual bank executives are encouraged to communicate their strategies and successes to the industry, federal policy makers and others.

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Japanese Bankers Planning Visit in July

Fifteen bankers from Japan are coming to the New York area and are looking to meet with banks in New Jersey in order to compare the Japanese business model to the model used by banks in the U.S. Several members have hosted the bankers finding it rewarding and a good public relations opportunity. It is also a great opportunity for team building. The visits take about one hour and provide good will among bankers who learn about each other’s similarities and differences.

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Michael Halpin Appointed to Highland State Bank Board of Directors

Michael Halpin has been appointed to the board of directors of Highlands Bancorp, Inc. and Highlands State Bank.

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Kevin B. Runyon Joins Peapack-Gladstone Bank as Executive Vice President - Information Technology

Peapack-Gladstone Bank announced the appointment of Kevin B. Runyon to the position of executive vice president – information technology. Runyon is responsible for leveraging emerging technologies in support of the Bank’s strategic direction ultimately solidifying Peapack-Gladstone Bank as a leader in products, services and innovation within the banking industry.

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Atlantic Stewardship Bank Volunteers at Paterson Habitat for Humanity Corporate Challenge 2014

A group of Atlantic Stewardship Bank employees once again participated in the Paterson Habitat for Humanity Annual Corporate Challenge.  This is the 19th consecutive year that the Bank has sent a team of 15 volunteers to this event. 

 Back row from left to right: Doug Olsen, Carl Bushong, Richard Culp, Bob Vliet, Clarence Reinstra and Kevin Sincavage. Front row from left to right: Jessica Zabalaga, Annette Megargel, Wanda Coles, Sophia Sanzo, JoAnn Avella, Barbara Komor, Patience McKinstry, Kristen Sawey and Ken Wehinger.

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Manasquan Savings Bank Honored with a Legislative Resolution at 140th Anniversary Celebration

James S. Vaccaro, president and CEO, Manasquan Savings Bank and David P. Rible, 30th District Assemblyman, celebrate the 140th Anniversary of Manasquan Savings Bank 

This year, Manasquan Savings Bank marks its 140th anniversary providing customer-focused residential and business banking services in Monmouth and Ocean Counties. On June 10, the bank noted the occasion with a flagship celebration event held at the bank’s headquarters. Approximately 175 people were in attendance, including local dignitaries, long-time customers and supporters of the bank’s extensive history in the region. 

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NVE Bank Grants $1,000 Scholarships to Ten Bergen County Students

NVE Bank awarded ten area high school seniors with $1,000 scholarships at a reception hosted by the bank. The scholarships are part of a program that has been offered by the Bank for the past six years, and also extends to area middle schools, where seven graduating 8th grade students were selected to receive a $500 Savings Product Scholarship.   Since the inception of the program, NVE Bank has awarded over $90,000 to deserving students in Bergen County. 

Ocean City Home Bank Participates in Operation First Response Walk for the Wounded and Looking for Additional Supporters

Saturday September 27, 2014
Ocean City Music Pier
Registration begins at 8:30 a.m.
Ceremony at 9:30 a.m.
Walk begins at 10:00 a.m.

Ocean City Home Bank will join a group of dedicated volunteers and generous supporters on the Ocean City Boardwalk to take part in a milestone event: the Sixth Annual Walk for the Wounded.

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Spencer Savings Bank SLA Enters Purchase Agreement With NJM Bank FSB

Spencer Savings Bank SLA and New Jersey Manufacturers Insurance Company, parent company of NJM Bank FSB, announced that they have entered into a definitive agreement for Spencer to purchase the assets and liabilities of NJM Bank.   The agreement provides for a seamless and transparent transfer of deposits and loans from NJM Bank to Spencer. FinPro Capital Advisors, Inc. served as financial advisor to NJM Bank in connection with the transaction. 

Read the Press Release

Sussex Bank Hosts Another Successful Golf Outing

Sussex Bank hosted close to 200 golfers this year with a  new golf challenge event for charity that will continue to allow them to do more with their charitable giving efforts in the local community. 

Far left – Anthony Labozzetta, president & CEO of Sussex Bank pictured with a participating foursome at the Sussex Bank Charity Golf Outing & Challenge along with Vito Giannola, executive vice president/chief retail officer to the far right. 

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Valley National Bank Announces 2014 John L. Soldoveri Scholarship Award Winners

Valley National Bank was pleased to announce that Derek Del Buono, Giuliano Di Iorio, and Julian Mattaliano are the recipients of the Valley National Bank John L. Soldoveri Scholarship Award for 2014.

(From left to right) Jeannette Chardavoyne, Anthony Bruno, Giuliano Di Iorio, Julian Mattaliano, Derek Del Buono and Dianne Grenz.

This award was established by Greater Community Bancorp prior to joining Valley National Bank in honor of its founder, John L. Soldoveri.  The Valley National Bank John L. Soldoveri Scholarship Award offers financial assistance for those pursuing a major in business administration. Active employees or a child of an active employees are eligible for the scholarship for college, a post-high school institution of learning or training purposes. The award recipients were chosen by Dianne Grenz, Tony Bruno and Jeannette Chardavoyne who serve as the trustees for the award.

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Former TD Bank Branch for Lease

TD Bank's Former Bank Branch located at 77 River Street in Hackensack, NJ is for lease.

  • Building size:  5,075 Square Feet Divisible
  • Bank interior infrastructure in place
  • 78 Car parking spaces
  • Located at a signalized intersection
  • Four stackable drive through lanes
  • Four Curb Cuts
  • 290 Feet Frontage on South River Street
  • Minutes from Routes 80, 17, 4, GS Parkway and GW Bridge, Bergen Town Center and Riverside Square Mall
  • Prominent signage available
  • 568,224 population within five miles
  • Median three mile household income of $65,817.00

For further information or inspection please contact:
Robert P. Sobol, President & CEO, RP Sobol & Co., LLC Phone: 732-770-3130 Email: sobol@rpsobol.com

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.

Endorsed Service Provider PMC Presents National IRA Compliance Seminar

See IRAs in a whole new light.  Over two dozen intensive hands-on workshops led by PMC, America’s foremost IRA experts.  As an endorsed vendor of NJBA, PMC is offering a 10% registration discount to all NJBankers members.

Click here to register and for more information

Pentegra Retirement Services Welcomes Sarah Coxe Lange as National Sales Director, Institutional Investments

Pentegra Retirement Services announced that Sarah Coxe Lange has joined the organization as National Sales Director, Institutional Investments, to spearhead business development for Pentegra’s Outsourced Chief Investment Officer (OCIO) Services.

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Christensen Tamburri Communications Captures 5 Awards In NJ Advertising Club Competition

Christensen Tamburri Communications (CTC) was the recipient of five awards, including two First Place trophies, at the NJ Advertising Club’s 46th Annual Jersey Awards competition, held recently at The Grove in Cedar Grove.  The first place awards recognized work done for CTC clients Columbia Bank and Millington Savings Bank in the categories of Point-of-Sale and Advocacy/Political Multimedia Campaign, respectively. In addition, the agency also won second place trophies for clients NJR Home Services and the New Jersey Bankers as well as a certificate of merit for an NJBankers Association campaign.

Christensen Tamburri Communications was the recipient of five awards at the recent 2014 NJ Ad Club Jersey Awards event.  Pictured above (l to r) are Michael Triano, director of creative services, Don Christensen, agency partner and Bob Tamburri, agency partner, displaying two first place and two second place trophies.  The agency also earned a certificate of merit for a fifth entry. 


FSI Merchant Services, LLC Relocates Headquarters to Clark, NJ

FSI Merchant Services, LLC, a provider of customized electronic payment solutions for financial institutions and their customers, announced that it has relocated its corporate offices to Clark, NJ in response to projected growth and synergistic opportunities.

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Financial Service Academy 2014 Graduation

Students of the second Financial Services Academy course celebrate their final class session and graduation day. 

Students and members of Raise Hope Foundation (RHF) and Center for Financial Services (CFT) assembled at Rutgers for the graduation ceremonies.  Scott Chesney, president of RHF, welcomed everyone including Acela Roselle of Boiling Springs Savings Bank, Karen Hackes of Valley National Bank, Laurence Mach, Schuyler Savings Bank, and Zelia Prata and Vincent Oyola of Garden State Community Bank.  Chesney also recognized Stefano Cargnel of Boiling Springs Savings Bank who spoke about his experience with RHF and his position as a teller with the bank. 

Read the Press Release

Eighth Annual Mid-Atlantic Anti-Money Laundering (MAAML) Conference

The Eighth Annual Mid-Atlantic Anti-Money Laundering (MAAML) Conference will take place at the Mayflower Renaissance Hotel, Washington, DC 20023, from August 11 through August 14, 2014.

This conference will focus on current money laundering trends, successful investigations as well as lessons learned. The conference will additionally serve as an opportunity for law enforcement and industry partners to network and establish working relationships that will help secure our country and shutdown vulnerabilities within the financial and economic sectors.

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Northern New Jersey Chapter of ACAMS- Law Enforcement Panel

Northern New Jersey Chapter of ACAMS

Topic: Law Enforcement Panel

Monday, June 30, 2014
6:00 p.m. – 8:00 p.m.
Confirmed Speakers:
Steven Helmstetter – Special Agent, Internal Revenue Service – Criminal Investigation
Rachel McCaffery – Detective, Somerset County Prosecutors Office

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E-Advertising with NJBankers Makes $en$e

The NJBankers Bulletin reaches over 3,500 subscribers in each weekly issue. E-Advertising with NJBankers makes sense.  Dollar$ and $en$e!  Your firm can benefit from cost-effective advertising that targets the New Jersey banking industry. At this time, your company can purchase any four issues for only $600.

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