If this page doesn't display properly in your email, click here. October 15, 2014
New Jersey Bankers Association
Legislative Update
Applications Bulletin
Regulatory Bulletin
Buy-Sell Loans/Participations
Web Seminars
NJBankers Joins Forward New Jersey

NJBankers has joined Forward New Jersey, a diverse coalition of New Jersey based organizations focused on reforming the state’s transportation system. ForwardNJ is a non-partisan group that is focused on educating stakeholders and the public as to the crisis we are confronting in relation to our outdated infrastructure.

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Thousands of new domains – including .bank – are making their way to the Internet. fTLD Registry Services will operate “.bank” and ensure it is governed in the best interests of banks and their customers.  Only verified members of the banking community will be able to register .bank domains.

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Following CDC Guidance - Ebola Disease

As you may have heard from recent news reports, the U.S. Centers for Disease Control and Prevention (CDC) recently confirmed the first two cases of Ebola Virus Disease (Ebola), diagnosed at a hospital in Dallas, Texas.

The health and well-being of our members is a top priority.

Following CDC Guidance
As with any public health issue, we suggest you follow all guidance and protocols issued by the CDC, state and local public health departments in supporting your community’s needs.
Currently, there is no FDA-approved vaccine or medication specific to Ebola. Recovery from Ebola depends on early intervention, good supportive care and the patient's immune response.

At this time, testing for Ebola can only be done at the direction of and in direct consultation with state and public health departments and the CDC. 
As you know, this situation is evolving and should there be any significant changes, we will update you accordingly.

For more information, visit http://www.cdc.gov/ 

FHFA Extends Comment Period for Proposal to Tighten FHLB Membership Rules

The Federal Housing Finance Agency has extended the comment period for the agency’s proposed rule on Federal Home Loan Bank membership by 60 days.  The comment period will now close on January 12, 2015. FHFA is extending the comment period in light of the importance of the issues addressed in the proposed rule, the high level of interest in the proposal and requests from multiple stakeholders for more time to evaluate the proposed rule. NJBankers was among those requesting the extension in order to review the proposal more closely.

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Upcoming Conferences - Mark Your Calendar
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New Jersey SSBCI Program Generated $10.9 Million for Small Business Lending and Investment in 2013

The New Jersey State Small Business Credit Initiative (SSBCI) leveraged $3.35 million in federal SSBCI funds to generate $10.9 million in private loans and investment for New Jersey small businesses in 2013, according to the U.S. Treasury Department’s annual SSBCI report. These funds support loans made by financial institutions, which will lead to the retention or creation of 500 jobs in New Jersey.

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More than 5,000 Download CFPB Mortgage Rules Deskbook

More than 5,000 bankers have downloaded “The New CFPB Mortgage Origination Rules Deskbook” -- the free, members-only publication ABA and law firm BuckleySandler released last week to help bankers understand and comply with the Consumer Financial Protection Bureau’s rules when originating loans.

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Garbarinos Chosen as Honorees for the 2014 Meridian Health Affiliated Foundations Gala

NJBankers congratulates John Garbarino, CEO and Chairman of the Board of OceanFirst Bank, and his wife Penny for being chosen as honorees for the 2014 Meridian Health Affiliated Foundations Gala to be held on November 22, 2014 at the Ocean Place Resort & Spa in Long Branch, NJ. The Gala provides an opportunity to recognize the Garbarino’s contributions to Meridian Health, to OceanFirst Bank, and to the broader community through many years of service as well as the creation of the OceanFirst Foundation.

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NJADclub to Present Induction into the Advertising Hall of Fame of New Jersey

It is time for the NJADclub to present one of the most prestigious honors that can be bestowed on a professional in Marketing and Advertising - Induction into the Advertising Hall of Fame of New Jersey!

We would like to Congratulate Dennis Kane, senior VP, chief marketing officer at Amboy Bank for being one of the four 2014 New Jersey Advertising Hall of Fame inductees. 

In Memoriam - Frances E. Hunter, Longtime Banker

It is with sadness that we report the passing of Frances E. Hunter, Longtime banker, 98, and mother of Roselle Savings Bank President and CEO Jill Schafhauser on  October 7, 2014.

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Operations & Technology Roundtable - Vendor Management

Seventy-five members attended last week’s roundtable meeting focusing on 3rd party vendor management. Pictured is Greg Matthews, KPMG, opening the program with an overview of regulatory expectations; followed by Sal Zerilli, The Mercadian Group, discussing how to assess a vendors risk level; followed by Edward Hanson, McCarter & English, discussing negotiation techniques for inclusion of contract terms that support compliance efforts; and Mike Edison, Fortrex Technologies, Inc., discussing tools available for ongoing vendor monitoring.  

Annual Human Resources Conference

"Human Resources in the Bank"
Thursday - Friday, October 16 - 17, 2014
Caesar’s Resort & Spa, Atlantic City
CLE/CPE&HRCI Credits My Apply

Join your colleagues and peers for two days of educational sessions and networking as the New Jersey Bankers Association once again presents the Annual Human Resources Conference.

Your program will begin at 8:00 a.m. on Thursday morning and includes a full day program including lunch and such topics as: The Culture within your Organization; Incentive Compensation; Rutger's University Grant Program; Recruitment & Retention and much more! The day will adjourn at 4:30 p.m. followed by a networking reception and dinner with conference attendees.
Friday morning will be dedicated to Employment Law & BYOD (Bring Your Own Device), followed by a break and other topic sessions.

* Culture within your Organization
* Incentive Compensation
* Rutgers University Grant Program
*Recruitment & Retention

* Employment Law Update
* BYOD (Bring Your Own Device)
* Social Media
* HR as Internal Consultants – Getting Your Expertise Used
*Being Indispensable – 5 Key Strategies to Quickly Becoming an MVP in your Company
Thank you to our Sponsors: Allstate New Jersey Insurance Company
                                                 Data Access, Inc.
                                                 Delta Dental Plan of New Jersey
                                                 Financial Services Talent Network
                                                 Lakeland Bank
                                                 Meyer-Chatfield Corp.
                                                 My Benefit Advisor
                                                 Northfield Bank  
                                                 Peapack-Gladstone Bank
                                                 P.S. White Associates, Inc.
                                                 The Ayers Group
                                                 Vision Service Plan

Sponsorship Information:  Please contact Jenn Zorn, VP/Director of Education and Business Development at jzorn@njbankers.com or 908-272-8500, ext. 611.

Click Here for program and registration information

CFO Conference w/ FMS NY/NJ

CFO Conference w/ FMS NY/NJ
Friday, November 14, 2014
Renaissance Woodbridge Hotel, Iselin
2 CPE Credits and 1 CLE Credit will apply

Join NJBankers and FMS NY/NJ for our half-day CFO Conference. This program is designed for CEOs, CFOs and other c-level and senior bank managers.

The conference kicks off with an Economic Update presentation by Dr. William Dunkelberg from the National Federation of Independent Businesses, followed by Jeffrey P. Marsico, of The Kafafian Group, Inc., who will provide a New Jersey Banking Industry Update. A presentation on COSO 2013 by Bill Hoving, Crowe Horwath LLP will follow the morning break. "Changes in Accounting for Tax Losses" with Barry M. Pelagatti, BDO USA LLP will follow as well as a presentation on Interest Rate Risks.  Your conference will conclude with a networking luncheon.

Thank you to our sponsors:


McGladrey, LLP

Peapack-Gladstone Bank

P&G Associates

Sponsorship Information:  Please contact Jenn Zorn, VP/Director of Education and Business Development at jzorn@njbankers.com or 908-272-8500, ext. 611.

Click here for program and registration

Joint Mortgage Lending Conference in Conjunction with Mortgage Bankers Association

Joint Mortgage Lending Conference
Wednesday, November 19, 2014
Crowne Plaza Monroe, Monroe Twp.
3 CPE Credits Available & 2 CLE Credits May Apply

The New Jersey Bankers Association and the Mortgage Bankers Association of New Jersey have joined together once again to present the 2014 Joint Mortgage Lending Conference.

This one-day event is a must in order to keep current and hear the latest information about mortgage trends. The morning kicks off with a panel discussion designed to update attendees on the CFPB followed by remarks from New Jersey Department of Banking & Insurance Commissioner Kenneth E. Kobylowski. The morning session ends with a legal update. Wrapping up the afternoon will be our luncheon keynote speaker Dr. Lawrence Yun, of the National Association of Realtors and a panel discussing 203k, Home Style and Home Path Loans.

In addition to the educational sessions, leading industry service providers will exhibit their latest products and services, allowing for an excellent opportunity to discover solutions which will support your efforts. The Conference is also an excellent opportunity to network with your peers from across the state!

Exhibitor Opportunities - The Joint Mortgage Planning Committee, NJBankers  and Mortgage Bankers Association of New Jersey appreciate all exhibitor and sponsor support of our educational programs.  Please see the following link below for opportunities to reach potential clients and solidify relationships with existing clients at our 2014 conference. 

Sponsorship Opportunities - Are available and increase your visibility to mortgage lenders. We appreciate sponsor support of this timely and well attended event.  Sponsors receive the following benefits:

• Recognition from the podium during the Conference
• Recognition in the Conference program
• Recognition with name badge ribbon during the Conference
•  Recognition with signage at the Conference

Thank you to our Sponsors: Christensen Tamburri Communications LLC
                                                 Federal Home Loan Bank of New York
                                                 Freedom Mortgage Corporation
                                                 Residential Home Funding Corporation

                                                 SOBOL & Associates, Inc.

This event is a great opportunity for service providers to gain exposure to 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

Directors College with the FDIC

Directors College
Friday, November 21, 2014
Crowne Plaza Monroe, Monroe Township
CPE & CLE Credits May Apply

The New Jersey Bankers Association, in partnership with the Federal Deposit Insurance Corporation, is pleased to present a Directors College training program for the directors of financial institutions located in New Jersey. 

The Directors College is an interactive, one-day seminar that provides ongoing education to bank directors on current topics and various elements of bank supervision. It is designed to help directors, both new and experienced, stay abreast of the ever-changing regulatory and economic environment. Now more than ever, directors are under constant pressure to remain current in their knowledge of the banking industry and the segment their institution serves. There must also be a basic understanding of what issues are currently impacting their institution's financial performance and competitive environment.

The program includes a general session on current topics effecting community banks, a luncheon presentation on economic and banking conditions, as well as three breakout sessions facilitated by FDIC representatives.  Participants will choose the breakout session that they would like to attend, and every effort will be made to give participants their first and second choices.
Breakout Session Options:

• A Loan Analysis Case Study
• Bank Secrecy Act/Anti-Money Laundering
• Consumer Protection 2014:  What You Need to Know
• Emerging Technology
• Market Risk – The Ripple Effect
• Risk Management Red Flags

Please see the attached forms for full program details and registration information.

Attendance is limited to the first 100 registrants....register early!

Click Here for program and registration information

BankHorizons 2014 Presented By NJBankers and The Warren Group

Wednesday, December 3, 2014
Tropicana Casino & Resort Hotel, Atlantic City

The Mid-Atlantic's Largest, Most Exciting, Banking Show Is on December 3rd!

BankHorizons is an outstanding opportunity for banking professionals, managers and executives who work in operations, business development, marketing, compliance, technology, core processing and lending.

In just one day, learn and connect with experts, analysts, vendors and peers. You will benefit from breakout sessions, keynote speakers and a comprehensive tradeshow floor. Plus, all attendees are given free breakfast and lunch, and a chance to win outstanding raffle prizes.

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Brian Moynihan to Speak at NJBankers Economic Leadership Forum

Economic Leadership Forum
Friday, January 16, 2015
8:00 a.m. - 2:00 p.m.
The Palace at Somerset Park, Somerset

We all have busy schedules and remembering specific dates can sometimes fall to the back burner. But, there are a few days throughout the year that are so exciting, we can't forget: birthdays, vacations, holidays, and the New Jersey Bankers Association's annual Economic Leadership Forum.

With a dynamic and impressive roster of presenters touching on New Jersey's most important business sectors, the Economic Leadership Forum is the most far-reaching conference on the issues that shape the state.

Here's your chance to be part of this critical initiative. Join us Friday, January 16, 2015, as the state's most influential organizations and leaders come together for an in-depth look at the region's financial future. With keynote presentations from some of the most prominent minds to panels and discussion forums that drill down to industry-specific details the Economic Leadership Forum is the bellwether of the Garden State's prosperity.

We're planning a great lineup for the 2015 Economic Leadership Forum. This year we have confirmed:

Stephen Moore, Chief Economist, The Heritage Foundation

Scott O'Neil, CEO of The New Jersey Devils, Philadelphia 76ers and The Prudential Center

James W. Hughes, Ph.D., Dean, Edward J. Bloustein School of Planning and Public Policy, Rutgers, The State University of New Jersey

Donald Musso, President & CEO, FinPro, Inc.

Brian Moynihan, CEO, Bank of America

Thank you to our Presenting Sponsor: Bank of America

Thank you to our Outlook Sponsors:  Aetna, Inc. and Crowe Horwath, LLP

To learn more about participating in the Economic Leadership Forum visit www.njeconomicforum.com or John McWeeney, president & CEO of NJBankers at  jmcweeney@njbankers.com

FDIC to Host Free Mortgage Compliance Teleconference

The FDIC will hold a free teleconference on the Consumer Financial Protection Bureau’s ability-to-repay/Qualified Mortgage and loan originator compensation rules on October 22nd. The 90-minute teleconference is part of the agency’s initiative to help bankers understand emerging issues in compliance. Participants must register by October 20th. Click here for more information.

Ann Noble Appointed to Manasquan Savings Bank Board of Directors
Manasquan Savings Bank has appointed Ann Noble to their Board of Directors. She is the President and CEO of Qual-Lynx and VP, Workers' Compensation of QualCare, Inc.

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Ana L. Risoli joins Peapack-Gladstone Bank as Vice President/Branch Manager

Ana L. Risoli joins Peapack-Gladstone Bank as vice president/branch manager, overseeing operations at the Bank’s Bernardsville location and delivering a wide variety of financial products and services. 

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Investment Services at Atlantic Stewardship Bank Welcomes Roy Nazaroff

Investment Services at Atlantic Stewardship Bank recently announced the addition of Roy Nazaroff as a Financial Consultant. Nazaroff will be based at the Bank’s Hawthorne office and will cover the North Haledon, Hawthorne, Ridgewood and Westwood branches.

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Stewardship Financial Corporation and Atlantic Stewardship Bank Announce the Appointment of One New Director

The Stewardship Financial Corporation and subsidiary, the Atlantic Stewardship Bank recently appointed Wayne Aoki to their Board of Directors, which governs both the corporation and the bank.

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Regal Bank Appoints Andrew Gellert to Board of Directors

Regal Bank announced the appointment of Andrew Gellert to its board of directors. Gellert is president of Gellert Global Group, one of North America’s leading food import companies, headquartered in Elizabeth, New Jersey. 

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Sun National Bank Announces Enhancements to Commercial Banking Leadership Team, Hires Paul H. Ciancimino and Carlo Alibrandi to Lead Real Estate Groups

Sun National Bank announced the addition of two seasoned Commercial Real Estate (CRE) lending veterans, Paul H. Ciancimino and Carlo Alibrandi,  to its commercial banking leadership team.

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Linda Wright of NVE Bank Appointed to Flat Rock Brook Nature Association Board of Trustees

Robert Rey, president and CEO of NVE Bank has announced that Linda Wright, assistant secretary and branch manager of NVE Bank’s Grand Avenue Englewood Branch has been appointed to serve on the Board of Trustees of the Flat Rock Brook Nature Association. 

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Thank You Volunteers

It is not often enough that we say, “Thank You”.

For the second summer in a row, NJBankers’ members participated in a Bankers Build program with Coastal Habitat for Humanity. 

The project ran from mid-June through late September.  The program was more successful than expected with 20 institutions from all over New Jersey providing 25 days of construction with over 200 people doing the work.  The effort was able to raise over $20,000 as a direct donation to Coastal Habitat for Humanity.

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Amboy Bank Announces Winner in "Know Your Bank" Sweepstakes

Greg Scharpf , SVP & chief retail officer and Alice Mesa, Ernston branch manager congratulate Mauro Rutigliano the winner of a 50” TV.

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Capital Bank of New Jersey's Free Senior Fraud Prevention Seminar

FBI Special Agent Steve Rich and U.S. Dept. of Health & Human Services Special Agent Gene Fayer.

Forty-nine guests attended Capital Bank of New Jersey’s Free Senior Fraud Prevention Seminar on September 17 at Adelphia Restaurant in Deptford.  Special Agents of the FBI and DHHS educated the audience on various types of elder financial abuse, how to identify and avoid it.

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Columbia Bank Donates Message Sign to Hawthorne High School

Columbia Bank has donated a new electronic message sign to Hawthorne High School, part of the bank’s ongoing community support efforts.  The new LED sign will be used to announce important messages, school activities and special events.

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Haddon Savings Bank Says "Y E S" !!!

Haddon Savings Bank continues to move forward  encouraging and supporting youth, as well as adult financial literacy, education and awareness programs, by participating in a number of activities. The savings team eagerly progresses on expanding their Youth Education Savings Passbook Account (‘YES’).

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Mariner's Bank Partners With The Center For Food Action to Kick Off Holiday Food Drive

Beginning October 1st and continuing for five weeks thereafter, Mariner’s Bank will host a food drive for families within Bergen County.  Through partnership with The Center for Food Action, Mariner’s Bank is committed to making a positive impact for families in need this holiday season.

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Newfield National Bank Donates to Williamstown Huddle Club

Newfield National Bank has generously donated $10,000 to the Williamstown Huddle Club. The Huddle Club has been running fundraisers in order to pursue their goal of building a state-of-the art weight room with modernized equipment.

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The Provident Bank Collects Donations and Prepare's Donation Bags for Table to Table's "Bag a Lunch Help a Bunch" Campaign

As part of its yearlong “Commitment to Giving” initiative in commemoration of its 175th Anniversary, The Provident Bank hosted a labeling party for employees at its administrative offices and made a monetary donation of $2,500 to Table to Table’s “Bag a Lunch Help a Bunch” campaign.

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Regal Bank's 6th Annual Dog Pawrade Raises $2,500 for Mt. Pleasant Animal Shelter

Recently, Regal Bank hosted its 6th Annual Dog Pawrade in Livingston, NJ. All proceeds from this fun and furry event benefit the Mt. Pleasant Animal Shelter.

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Spencer Savings Bank Partners with Habitat for Humanity of Bergen County

Spencer Savings Bank partnered with Habitat for Humanity of Bergen County for the first time on September 18 for a build day in Little Ferry.

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Valley National Bank Donates $100,000 to The Tunnel to Towers Foundation to Support Housing for Disabled Veterans

Valley National Bank announced  that the Bank has made a donation of $100,000 to The Tunnel to Towers Foundation. 

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Endorsed Service Provider Deluxe Presents the Deluxe Exchange at The Phoenician in Scottsdale, Arizona

Deluxe will be hosting the Deluxe Exchange at The Phoenician in Scottsdale, Arizona. At this event, bank and credit union executives will network with peers, gain insights on how to impact their financial year in 2015 and join the conversation about the most critical issues facing their institution. DX15 is a one-of-a-kind event in the financial services industry, so don’t miss out. Keynote speakers will be renowned statistician Nate Silver and Sheila Bair, financial expert and former Chair of the FDIC. Their invaluable insights are just the beginning.

 Visit the speakers page and agenda page to see what the next Deluxe Exchange has to offer.

Keynote Speaker Page: http://grow.deluxe.com/ew0NHZ01000TER0r10ADl0M

Endorsed Service Provider Pentegra Retirement Services Launches New Website

Pentegra Retirement Services launched its new public website, www.pentegra.com, providing broader information and a fresh, user-friendly  design to enrich the user experience. The site delivers a more comprehensive look at the depth of capabilities that Pentegra offers today, with greater access to industry expertise, and strong  technical updates.

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Endorsed Service Provider Senior Housing Crime Prevention Presents An Easy Way to Earn CRA Credit By Combatting Elder Abuse Webinar

Thursday, November 13, 2014
11:00 a.m. - 12:00 p.m.

Each year hundreds of thousands of seniors are abused, neglected, and exploited because they are often frail, vulnerable and cannot help themselves so they trust others to meet their most basic needs.  When that trust is broken, it is a significant cause of injury and illness throwing millions of seniors into isolation and despair.  The Senior Housing Crime Prevention Foundation provides the nationally-acclaimed Senior Crimestoppers program to protect these vulnerable, low-to-moderate income citizens and is the only initiative, public or private, which is having a measurable impact on the epidemic of crime and abuse in America’s low and moderate income nursing homes and Veterans homes. Funding for this program comes exclusively from the banking industry and can serve as an easy way for your bank to earn valuable CRA loan, investment and service test credit while protecting society’s most vulnerable – our elderly.

Click here for full flyer

Click here to register

Riker Danzig Presents Back to the Basics: Title Insurance for Lenders Seminar

Thursday, October 16, 2014
8:00 a.m. - Registration and Continental Breakfast
8:30 a.m. - 10:00 a.m. - Program
Riker Danzig's Trenton office
50 West State Street, Suite 1010
Trenton, NJ 08608
The landscape continues to change for professionals entrusted with interpreting title insurance policies and navigating the claims process.  Riker Danzig’s professionals will provide updates and insights from our depth of experience and expertise in title and real estate matters, including:   

• Covered risks
• Exclusions from Coverage
• Basic Conditions and Stipulations
• Key Endorsements to a Basic Title Policy
• The Claims Process

Seasoned professionals in our Title Insurance Group – Michael O’Donnell and Vince Sharkey –  will discuss these subjects and provide ample time for interaction and questions.

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Associate Member CSI presents Staying One Step Ahead of Today's Cyberthreats in the Financial Industry Webinar

Join Associate Member CSI for their special Cybersecurity Month webinar October 22, 2014
CSI presents Staying One Step Ahead of Today's Cyberthreats in the Financial Industry Webinar

The cybersecurity environment is in a constant state of change as:

   -Financial institutions migrate to an online environment
   -Threats become increasingly sophisticated and complex
   -Breaches lead to more severe results

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