If this page doesn't display properly in your email, click here. July 2, 2014
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NJBankers Honors Fallen Heroes: Prior to the start of NJBankers annual regulatory visits in Washington D.C. last week, members paused to lay a wreath at the Tomb of the Unknowns in Arlington National Cemetery. Four members of the NJBankers delegation participated in the ceremony including Norman E. Beatty, First Hope Bank; James Hyman, Hopewell Valley Community Bank; Patrick Ryan, Hopewell Valley Community Bank; and Robert E. Stillwell, Boiling Springs Savings Bank.

 
NJBankers Meet with Regulators

Last week a delegation of over 25 New Jersey bankers went to Washington to meet with regulators.  The visit began with a wreath laying at the Tomb of the Unknowns in Arlington National Cemetery.  Veterans Norm Beatty, Jim Hyman, Pat Ryan and Bob Stillwell had the honor of laying the wreath.  On a warm evening accented with ink blue skies, the solemn event was attended by several bankers.

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Kathleen A. Stone Appointed to the NJBankers Board of Directors

The NJBankers board of directors is pleased to announce the appointment of Kathleen A. Stone, regional president, Susquehanna Bank, to fill the open board seat in District 3.

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In Memoriam - Angela M. Tedesco

It is with sadness that we report the passing of Angela M. Tedesco, 76, mother of Nicholas Tedesco, Jr., president and CEO of GSL Savings Bank. She passed away on Wednesday, June 25, 2014.

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Rodney Watson Named FDIC Regional Ombudsman for New York Region

FDIC veteran Rodney Watson has been named as the new Regional Ombudsman for the New York Region.  With over 30 years of varied FDIC experience, Watson will address and resolve concerns through the Ombudsman role.

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Interagency Guidance on Home Equity Lines of Credit Nearing Their End-of-Draw Periods

The Office of the Comptroller of the Currency, Federal Reserve, Federal Deposit Insurance Corporation and National Credit Union Administration have  issued guidance for home equity lines of credit nearing their “end of draw” periods.

The guidance, which comes as a wave of HELOCs transition to full repayment phases, notes that some HELOC customers may have difficulty making a balloon payment or meeting higher monthly payments. For these customers, the agencies note that management should participate in or establish workout and modification programs where feasible.

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FFIEC Launches Cybersecurity Web Page, Promotes Awareness of Cybersecurity Activities

The Federal Financial Institutions Examination Council (FFIEC) has launched a web page on cybersecurity.  The page is a central repository for current and future FFIEC-related materials on cybersecurity.  While information security has been a core focus of supervision for decades, the FFIEC members note that they are taking a number of steps to raise awareness of cybersecurity risks at financial institutions and the need to identify, assess, and mitigate these risks in light of the increasing volume and sophistication of cyber threats that pose risks to all industries in our society. 

The FFIEC web page provides links to joint statements, webinars, and other information that can help financial institutions with the issue of cybersecurity.  The launch coincides with a pilot program at more than 500 community banks, to be conducted by state and federal regulators, which will be completed during regularly scheduled examinations.

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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 quicker 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

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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The Federal Reserve Bank of Philadelphia has Announced Two Officer Appointments

 

The Federal Reserve Bank of Philadelphia has announced two officer appointments: the promotion of Patrick F. Turner to vice president and managing officer of the Groupware Leadership Center (GLC), which supports the e-mail and collaboration environment for the Federal Reserve System. He succeeds Alice J. Menzano, who has been appointed vice president of compliance for National IT End User Services.

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Jana Kasic Joins TD Bank as Regional Sales Representative in TD Merchant Services

TD Bank has named Jana Kasic as assistant vice president, regional sales representative in TD Merchant Services, based in Piscataway, NJ. She is responsible for providing a range of customized solutions for cashless payments, including credit card processing, e-commerce, mobile payments and gift and loyalty card programs, to new and existing retail and commercial customers at 14 TD Bank stores throughout Middlesex County in New Jersey.

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Valley National Bank Promotes John Meyer and Lee Ehudin

  

Valley National Bank announced the promotions of John Meyer and  Lee Ehudin to vice presidents - commercial loan officers.

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Columbia Bank Helps Temple Beth Rishon Expand Educational Wing

Shown participating in a special ribbon cutting presentation are (front row, from left) Rabbi Dr. Kenneth Emert; Henry and Elaine Kaufman; Temple President Laura Freeman, and Cantor Ilan Mamber; (back row, from left) Richard Graff, Columbia Bank’s vice president and business banking officer; Wyckoff Mayor Douglas Christie; Frank Aghassi, Columbia Bank’s vice president and senior commercial lending officer, and Thomas Kemly, Columbia Bank’s president and CEO.

A Columbia Bank commercial loan and mortgage recently helped Temple Beth Rishon completely renovate their Educational Wing, reconfiguring and expanding their preschool, religious school, Hebrew high school and adult education capabilities.  The extensive renovation included the construction of new classrooms, meeting and bathroom facilities, as well as the installation of new technology. 

 
Audubon Savings Bank Chaperones 60 Youths to Fresh Air Home

Every year the Gloucester Township Rotary (now the Gloucester Twp/Pine Hill Rotary) takes about 60 kids to the Children's Fresh Air Home in North Wildwood. There are eight elementary schools in Gloucester Township and two elementary schools in Pine Hill that participated this year for the first time.

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Kearny Federal Hosts Local Food Drive

Hosting the local Food Drive (left to right): Anthony DeLuca, AVP/branch manager of the Caldwell Office, Jennifer Hawley, VP/assistant director retail banking north, both of Kearny Federal, and Maria Burak, director of human services, Borough of Caldwell packed non-perishable food and toiletries collected at the Caldwell Branch to support Caldwell Food Pantry.

The Caldwell Office of Kearny Federal hosted a local food drive of non-perishable items to benefit community members in need of assistance. The food drive was held during the spring months, to support the Caldwell Food Pantry and local neighborhood residents struggling to feed their families.

 
The Provident Bank Foundation Provides a $10,000 Grant to Support Mayo Performing Arts Center's Music Student of the Month Program


The Provident Bank Foundation, sponsor of the 2013-2014 Music Student of the Month (MSOM) Program at Mayo Performing Arts Center (MPAC), presented MPAC with a $10,000 grant toward the program’s 2014-2015 season.

 

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Roselle Savings Bank Recognizes Ridge High School Graduate with Business Education Award

Congratulating Alexandra Weyrauch (2nd from left), Ridge High School graduating senior and the recipient of the 2014 Roselle Savings Bank Business Education Award are (left to right):  Gina Donlevie, Ridge High School assistant principal; Maureen Wright, Roselle Savings Bank Bernardsville Branch manager and Frank Howlett, Ridge High School principal.

Ridge High School had selected Alexandra Weyrauch as the recipient of the 2014 Roselle Savings Bank Business Education Award.  Maureen Wright, Roselle Savings Bank’s Bernardsville Branch manager presented Weyrauch  with her award at the 2014 Ridge High School Awards Night.  Candidates for the award were evaluated on a variety of criteria, including academic achievement, exemplary participation in extracurricular activities and work experience.

 

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ConnectOne Bancorp Inc. Merges with Center Bancorp, Inc.

ConnectOne Bancorp, Inc., the holding company for ConnectOne Bank has merged with Center Bancorp, Inc. and its subsidiary Union Center National Bank. Associate Member FinPro Capital Advisors, Inc. served as ConnectOne Bancorp, Inc.’s exclusive financial advisor and initiated this transaction.

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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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Endorsed Service Provider Allstate Offers Second Quarter 2014 Promotion

NJBankers is pleased to offer to its membership the second quarter "2014 Spring into Summer Promotion" from our Endorsed Service Provider Allstate New Jersey Insurance Co. As a benefit to your employees, Allstate will provide a free $20 pre-paid gas card when they get an auto quote from Allstate. Receive an additional $10 pre-paid gas card for referrals 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. With over two dozen intensive hands-on workshops led by PMC, America’s foremost IRA experts.  As an endorsed service provider of NJBankers, PMC is offering a 10% registration discount to all NJBankers members.

Click here to register and for more information

 
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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NOTICE: The Bulletin will not be published on 7/9/14. The next Bulletin will be published on 7/16/14
 
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