If this page doesn't display properly in your email, click here. August 13, 2014
New Jersey Bankers Association
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FinCEN Issues Advisory on Culture of Compliance

The Financial Crimes Enforcement Network (FinCEN) has issued an advisory urging financial institutions to strengthen their culture of Bank Secrecy Act (BSA) compliance.

The advisory noted that shortcomings have triggered civil and criminal enforcement actions. FinCEN is highlighting the importance of strong BSA/AML compliance for bank leadership. FinCEN indicates that  a financial institution can strengthen its compliance culture by ensuring that:

• Leadership is actively engaged in compliance efforts.
• Compliance is not compromised by revenue interests.
• Relevant information is shared with compliance staff.
• Adequate human and technological resources are devoted to the compliance function.
• The compliance program is tested by an independent, competent party.
• Leadership and staff understand how their BSA reports are used.

For more information,

New Report on the Economic Well-Being of U.S. Households

In its new Report on the Economic Well-Being of U.S. Households, the Federal Reserve Board provides a snapshot of the self-perceived financial and economic well-being of U.S. households and the issues they face, based on responses to the Board's 2013 Survey of Household Economics and Decisionmaking. The report provides insight into numerous topics of current relevance to household finances, including: housing and living arrangements; credit access and behavior; education and student loan debt; savings; retirement; and health expenses.

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CFPB Warns Consumers About Bitcoin

The Consumer Financial Protection Bureau (CFPB) issued a consumer advisory warning consumers about the risks of virtual currencies such as Bitcoin. The CFPB advises consumers to be aware of potential issues with virtual currencies such as unclear costs, volatile exchange rates, the threat of hacking and scams, and that companies may not offer help or refunds for lost or stolen funds. The CFPB also announced that consumers who encounter a problem with a virtual currency product or service can now submit a complaint with the Bureau.

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Senior Management Conference to Focus on Keeping your Bank on Course for Success

Senior Management Conference
Wednesday-Friday, September 10-12, 2014
Stockton Seaview Hotel and Golf Club
Galloway, NJ
2 CLE Credits & 4 CPE Credits may apply 

Don’t miss the Senior Management Conference! Our Keynote is Ronald Brownstein, Journalist, Historian, and Political Observer on "American Politics, Today and Tomorrow". 

HOTEL RESERVATIONS:  Please note the following room rates apply to NJBankers conference.  Non Smoking King or Double Room - $169.00

Room reservations may be made by calling Stockton Seaview Hotel and Golf Club Reservations Department at:  609-652-1800 or 855-894-8698 and identifying yourself as an attendee of NJBankers Senior Management.

Now open for your convenience is an online reservation portal to make your reservations with Stockton Seaview Hotel.  Please follow the provided link:  https://resweb.passkey.com/go/NJBankersSMC

ADVERTISING: Advertising is available in the Conference Program Guide.  Please contact Emily DeMasi at 908-272-8500, ext. 610 or edemasi@njbankers.com for details.

SPONSORS:  We encourage associate members to take advantage of the sponsorships available.  Sponsorships are a cost-effective way to raise the profile of your firm as well as reach the banking delegation from throughout the entire state of New Jersey.  For further information, please contact Jenn Zorn at the NJBankers office or via email at jzorn@njbankers.com.

PROGRAM HIGHLIGHTS: (Full Program Available Online):

Thank you to our sponsors:

Bank Financial Services Group
Bankers Cooperative Group, Inc.
Federal Home Loan Bank of New York
McGladrey, LLP
Peapack-Gladstone Bank

Christensen Tamburri Communications LLC
Merchant E-Solutions, Inc.
Valley National Bank
Wells Fargo Bank, N.A.

Atlantic Community Bankers Bank
Crowe Horwath LLP
Keefe, Bruyette & Woods, A Stifel Company
Lakeland Bank
Locke Lord LLP
PNC Bank, N.A.
The Prudential Insurance Company of America
Riker Danzig et al.
Sandler O'Neill + Partners, L.P.

Accume Partners
Two River Community Bank

Please see our website to download the full conference packet detailing program, hotel, registration and sponsorship information by following the link below..

Click Here for program  and registration information  


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Other Industry Meetings
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Director Online Training
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Associate Member "Asphalt in August" Picnic is Next Week!

Associate Member "Asphalt in August" Picnic
Tuesday, August 19, 2014 (Rain or Shine)
11:30 a.m. to 2:30 p.m. - Open House
NJBankers Office, Cranford, NJ

It’s that time of year again!  Time for NJBankers 3rd Associate Member “Asphalt in August” Open House Picnic! Come join us for good time with good food and good conversation. Yes, it’s good all the way around!  Come and connect with NJBankers staff!

Enterprise Risk Management Conference Focuses on Risk Appetite and Role of CRO and ISO

   Enterprise Risk Management Conference October 6, 2014
   Pines Manor, Edison

NJBankers invite you to save the date for this year’s Enterprise Risk Management Conference. 
Highlights will include:
• Risk Appetite Statement and Link to Strategy
• Role of a Chief Risk Officer
• Lessons Learned
• Role of ISO 
Program and registration information will be available soon.

Atlantic Stewardship Bank Announces the Appointment of Peter Ameen

Atlantic Stewardship Bank recently announced the appointment of Peter Ameen NJ as executive vice president, chief operating officer. Ameen will serve at the Bank’s headquarters.

He has in excess of 25 years progressive experience in commercial banking; his skills include strategic and tactical planning, business development, small business lending, consumer lending, De Novo Bank start-up, financial analysis, leadership development, employee engagement and performance management.

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Valley National Bank Appoints Sherry Ambrosini to First Senior Vice President/Chief Credit Officer and Promotes Thomas O'Sullivan to Vice President/E-Marketing Manager


Valley National Bank has announced  the appointment of Sherry Ambrosini to first senior vice president/chief credit officer of the Bank’s Credit Risk Management department and the promotion of  Thomas O'Sullivan to vice president/E-marketing manager. Ambrosini joined Valley in 2008 and brings over 25 years of commercial lending and managerial experience to her position.  Her responsibilities include the oversight and management of the credit risk management Department to ensure adherence to credit policy and procedures to maintain Valley’s exceptional credit quality.

Thomas O’Sullivan has been promoted to vice president/E-marketing manager. O’Sullivan joined Valley in 2009 and brings 18 years of traditional marketing, online technology and web experience to his position. As the E-Marketing manager, his responsibilities include overseeing the digital, website and email strategies for Valley , as well as managing market segmentation and analysis. 

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Atlantic Stewardship Bank Makes Donation to Operation Jersey Cares


Atlantic Stewardship Bank hosted a collection in support of Operation Jersey Cares Support Our Troops. In addition to collecting donations of goods requested by our servicemen and women, the Bank received donations totaling more than $1,000.00. Atlantic Stewardship Bank also made a monetary donation of $750.00. The funds collected will be used to defray the cost of shipping the boxes to our servicemen and women. Operation Jersey Cares ships out an average of 125 boxes every month to our servicemen and women overseas and to veterans and their families in the States.

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Bank of America Connects New Jersey Teen Leaders with Summer Internships at Local Nonprofits

This summer, the Bank of America Charitable Foundation selected five New Jersey students to take part in the 2014 Student Leaders program, which annually awards more than 220 high school juniors and seniors from around the country with paid eight-week summer internships at local nonprofit organizations. Since 2004, more than 2,000 teens have been recognized as Student Leaders.

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Columbia Bank Foundation Helps Children With Special Needs

Columbia Bank, through their Columbia Bank Foundation, has presented a $5,300 grant to One Little Step, a Glassboro-based provider of support services to children with learning and motor skill disabilities utilizing the Feldenkrais Method®.  The support grant enabled One Little Step to purchase special sensory equipment to help their handicapped students, aged 2 through 21, develop greater body control and become more active, self-assured and self-sufficient.

Shown participating in a special presentation are (from left) Bob Cleveland, Columbia Bank’s West Deptford branch manager; Mimi Rosa, founder and president of One Little Step, and Mark Schott, Columbia’s vice president, regional branch administration officer   

Rotary Club of the Caldwells and Kearny Federal Savings Expand Their Relationship

Jennifer Hawley, Kearny Federal’s vice president/assistant director retail banking North, was recently presented with the “Rookie of the Year Award” for her proactive approach within a short period of time as member of the Rotary Club of the Caldwells. Hawley, most recently serving as the Club’s Secretary, participated in countless Rotary functions & events, including but not limited to Willing Hearts, Ice Cream Social, and Caldwell Street Fair.

In addition, Anthony DeLuca, assistant vice president/branch manager of the Caldwell office of Kearny Federal, was inducted into the Rotary Club of the Caldwells, at the recent club meeting.

(L to R):  Jonathan Smith, membership chair, the Rotary Club of the Caldwells; Jennifer Hawley, Kearny Federal’s vice president & Rotary Club’s secretary;  Anthony Deluca, AVP/branch manager of the Caldwell Office of Kearny Federal & new Rotarian and Tim Blattner, president of the Rotary Club of the Caldwells.

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The Provident Bank Donates Fee to Help U.S. Navy Veteran Adopt Shelter Pet

As part of its yearlong “Commitment to Giving” initiative in commemoration of its 175th Anniversary, The Provident Bank donated the adoption fee for HT1 Christopher Giannini, an active duty member of the U.S. Navy, to adopt a lifelong friend at the Monmouth County Society for the Prevention of Cruelty to Animals (MCSPCA).

HT1 Christopher Giannini, on active duty with the U.S. Navy, adopted Bo through the Pets for Patriots program from the Monmouth County Society for the Prevention of Cruelty to Animals (MCSPCA). The Provident Bank donated the adoption fee.

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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

FDIC New York Region Offers Regulatory Teleconference: Best Practices for Effective Liquidity Risk and Funds Management

Tuesday, September 30, 2014
2:00 p.m. EDT

The FDIC's New York Region will host a regional Regulatory Teleconference on “Best Practices for Effective Liquidity Risk and Funds Management.” The teleconference will present regulatory expectations surrounding liquidity risk management for community banks with an emphasis placed on liquidity measurement systems and how these systems form the foundation for stress testing approaches and contingency funding plans.


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