If this page doesn't display properly in your email, click here. August 20, 2014
New Jersey Bankers Association
Legislative Update
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Regulatory Bulletin
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NJBankers Associate Member Orientation and "3rd Annual Asphalt in August" Picnic a Success!

On August 19th, NJBankers hosted an Associate Member Welcome Orientation for  new associates as well as current associates.  In addition to the day’s core meeting, all associate members were invited to join NJBankers staff for the third Annual "Asphalt in August" picnic in our parking lot.  It turned out to be a great day to welcome and meet with associate members who represented 26 firms.

Associate members were introduced to NJBankers staff and the opportunities and resources available with membership.  It was a beautiful  afternoon  with good picnic food and casual conversation.

NJBankers has 240 associate member firms. We thank all of our associate members for their support of the association and we pledge our continued efforts to provide value for your membership.  NJBankers also thanks seasoned associate members who joined us for the orientation and picnic. Many thanks to Associate Member Committee Chair Roseann Casiere and Vice Chair John Siracusa for attending the meeting and for providing information on how associate members can maximize their investment in NJBankers.

NJBankers Challenges YOU to the ALS Ice Bucket Challenge

At NJBankers Annual "Asphalt in August" picnic welcoming new, as well as current members, NJBankers staff participated in the ALS ICE BUCKET CHALLENGE. Associate Member Domain Computer Services, Inc. President & CEO Rashaad Bajwa called out NJBankers and we accepted the challenge!  

Now, we challenge all our members to the ALS ICE BUCKET CHALLENGE! Please send us your Videos/Photos participating! 

Click here to view NJBankers accepting the challenge!

Other Industry Meetings
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Upcoming Conferences - Mark Your Calendar
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Director Online Training
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Americans Spending More, but Less Willingly

Americans reported spending more than they were a year ago but feel less willing about their spending, according to a recent Gallup poll. Forty-five percent of Americans said they were spending more, with only 18 percent spending less. A majority of millennials (51 percent) said they were spending more.

Groceries, gasoline, utilities and health care were the categories for which people reported the biggest jump in spending. Thirty-two percent said they were spending more on rent, with only 9 percent saying they spent less.

Among the generations, the youngest Americans (millennials) are more likely than the oldest Americans (Traditionalists) to report spending more this year than a year ago on rent or mortgage (39% for millennials vs. 24% for Traditionalists), leisure activities (38% vs. 21%), and clothing (31% vs. 16%). The other generational groups' spending reports fall midway between these two.

With baby boomers still commanding a substantial share of consumer spending, until they are more willing to spend on discretionary items, their increased spending will probably do little to aid an ailing economy.

To read the poll,
click here

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
6 Credits will apply on the Conference

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

Please note, the hotel is currently sold out. You may contact the hotel directly at 609-652-1800 if you would like to be put on a waitlist.  Other accommodations can be made by calling the Marriot Fairfield Inn at 609-646-5000, which is less than five miles from Stockton Seaview.  Any issues please contact Cris Goncalves at 908-272-8500 ext. 630.

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.
P&G Associates
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
Manasquan Savings Bank
Parente Beard
PNC Bank, N.A.
The Prudential Insurance Company of America
Riker Danzig et al.
Sandler O'Neill + Partners, L.P.

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

Enterprise Risk Management Conference 
October 6, 2014
Pines Manor, Edison
CPE Credits May Apply

Join NJBankers for our 3rd Annual Enterprise Risk Management Conference.

This program is designed for CEOs, CFOs, Compliance Officers, Risk Managers and other Senior Bank Managers.

The program will include topics such as:

Risk Appetite Statement and Link to Strategy
• Is a risk appetite statement necessary?
• Key points for developing a risk appetite statement
• Impact on strategic plan and future growth of the bank

Role of a Chief Risk Officer
• Responsibilities
• Reporting line
• Role in organization

Lessons Learned
• How to implement ERM

Role of an Information Security Officer
• When does a bank need one?
• What are their responsibilities?

Sponsorship Information:  This event is a great opportunity for service providers to gain exposure to these influential attendees and demonstrate their support for our industry. Contact: Jenn Zorn, Vice President/Director of Education and Business Development at jzorn@njbankers.com or 908-272-8500, ext. 611.

Click Here for program and registration information

Operations & Technology Roundtable - Vendor Management

Operations & Technology Forum: Vendor Management 
Tuesday, October 7, 2014
Crowne Plaza Monroe, Monroe Township

The New Jersey Bankers Association’s Operations & Technology Committee is pleased to announce the latest in a series of interactive roundtable programs that will focus on vendor management. With increased outsourcing and heightened regulatory concern, financial institutions of all sizes must have a strong vendor management system in place. The ability of a financial institution to effectively select and manage vendors is directly related to the safety and soundness of the institution. Additionally, financial institutions may be held responsible for the actions of the companies with which they contract and must have an effective process for managing the risks of service provider relationships.

Topics will include:
• Vendor Management Regulatory Guidance Overview
• Assessing a Vendors Level Risk
• Managing Vendor Relationships through Contractual Terms
• Tools for Managing Continued Oversight

Sponsorship Information:  Event sponsorships are available for $500. These roundtables typically attract up to 50-60 IT and operations banking officers and offer an excellent opportunity for providers to heighten awareness of their products or services.  Please contact Jenn Zorn, Vice President & Director of Education and Business Development at jzorn@njbankers.com or 908-272-8500, ext. 611, for details.


Click Here for program and registration information

Colonial American Bank Welcomes New Team Members to Mortgage, Commercial Lending Departments

Colonial American Bank has announced the addition of Joe Kahn, residential mortgage officer and Gora Choudhury, VP and SBA loan officer. Together they bring years of successful lending and banking industry experience to CAB.

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The Provident Bank Welcomes Webre as SVP, Regional President and Dansbury is Named SVP, Director of Lending (PA)

June Webre has been named SVP, regional president at The Provident Bank. In this position, Webre will oversee the commercial lending group in the Lehigh Valley and Phillipsburg, NJ.

Bruce Dansbury has been named SVP, Director of Lending - PA at The Provident Bank. In this position, Dansbury will oversee all lending and credit functions in the bank’s Pennsylvania market. 

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Jessica N. Doyle Receives 'CAMS' Anti-Money Laundering Credential

Jessica N. Doyle was recently awarded the widely recognized CAMS® credential by the Association of Certified Anti-Money Laundering Specialists® (ACAMS®).

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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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