If this page doesn't display properly in your email, click here. April 29, 2015
New Jersey Bankers Association
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Fifth Anniversary of Women in Banking Conference Draws 414 Attendees

The NJBankers Women in Banking Conference drew 414 bankers for a day of Knowledge, Leadership and Mentorship. The Conference has been presented for five years with attendance increasing each year from 215 at the inaugural event. Read More

 
 

 

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In Memoriam: Rudolph (Rudy) Palombi Sr.

It is with sadness that we report the passing of Rudolph (Rudy) Palombi Sr. on April 1, 2015. He served at Roma Bank as a member of the Board of Directors; as Chairman of the Board; Treasurer and Loan Officer; and president/CEO. He was an avid supporter of many community based organizations and charities.

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2015 New Jersey Financial Institutions Compensation Survey
James M. Meredith, Executive Vice President & COO, New Jersey Bankers Association

The New Jersey Bankers Association is pleased to partner again with Crowe Horwath LLP to provide members with the 2015 Financial Institutions Compensation Survey.  Last year’s survey was well received by our members and demonstrated the value of detailed information on salaries, benefits and human resource practices.  We strongly encourage your participation for this year’s report.  With completion and purchase of this survey, you will obtain descriptions and useful benchmarks of compensation for 239 positions.  You will also better understand the compensation, incentives, benefits and human resource practices of financial institutions.  By participating in the survey, members will receive the survey results at a substantial discount and you will help make the survey better for all participants.  Please be assured that any information provided will be retained confidentially and securely!

We appreciate your participation in the survey and we are offering the survey reports at significant savings to participants.  In addition to a report for the state of New Jersey, Crowe will also have a Comprehensive Report available based on financial institutions in multiple states.  You can participate in and purchase either the Compensation & Benefits Reports or the Salary Survey or both.  Please respond to compensation.survey@crowehorwath.com to confirm your participation and the Crowe team will forward, via e-mail, the survey for your completion.  If you have any questions, please contact Jim Meredith at NJBankers (908.272.8500, ext. 614; jmeredith@njbankers.com)

 
New at NJBankers

NJBankers Endorses KeyState’s Captive Insurance Program
NJBankers has endorsed KeyState’s Bank Captive Program, making it the eleventh state banking association or their for profit subsidiary to endorse the program.  This program allows banks with $450 MM and above in assets to form their own captive insurance company.  The captive augments a bank’s commercial policies by covering the existing commercial deductible layers, increasing coverage levels on existing policies (excess layers), and identifying other currently unfunded risks to insure where commercial insurance is not available to the bank. The captive insurance company is implemented by Crowe Horwath LLP, and then managed on an ongoing basis by KeyState Captive Management.  If properly structured, the captive may also allow the bank to take advantage of a significant small business incentive available under a section of the tax code.

KeyState plans to expand the program in late 2015 and launch a smaller bank captive program for banks with $250 to $450 million in assets. For more information, please contact Josh Miller at 702.598.3738.

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Industry News

Fed Beige Book: Economic Growth Continues, Pace Slows
Reports from the twelve Federal Reserve Districts indicate that the economy continued to expand across most regions from mid-February through the end of March. Banking conditions remain positive across reporting Districts. On balance, demand for credit increased at a slight to moderate rate in Philadelphia. Demand for commercial and industrial loans exhibited stronger growth in New York and Philadelphia. Consumer lending grew in New York. Residential mortgage demand--particularly for refinancings-- was steady in New York. Home equity line volumes fell in Philadelphia. New York noted that delinquencies were down or remained at low levels.

Federal Reserve Board Exempts BHCS and SLHCS of Less than $1 Billion in Consolidated Assets from Capital Requirements
The Federal Reserve Board (“FRB”) has adopted a final rule (“Final Rule”) that exempts qualifying savings and loan holding companies (“SLHC”) and bank holding companies (“BHC”) with less than $1 billion in consolidated assets from the FRB’s consolidated regulatory capital requirements for holding companies. The Final Rule becomes effective 30 days from publication in the Federal Register, which publication should occur within the next week. 

Lakeland Bank Launches New Website
Lakeland Bank announces the unveiling of its new website: LakelandBank.com. The redesigned website is now fully accessible from both desktop computers and mobile devices, and is designed to be visually appealing and user-friendly.
 Check it out!

Philadelphia Fed Releases South Jersey Business Survey
The South Jersey Business Survey for the first quarter of 2015 has been released and is based on responses from members of the Chamber of Commerce of Southern New Jersey. Firms responding to the survey reported continued expansion in overall business in Q1. The survey’s broadest measure of individual company performance remained positive for the fourth consecutive quarter. Forecasts for the next six months remained generally optimistic, and firms were notably more optimistic about future employment increases.

2015 Bank and Credit Union Trainers Conference
Register today for a program designed exclusively for bank and credit union training professionals. The Bank Trainers Conference will kick-off with a special Pre-Conference Workshop and an evening at the Grand Ole Opry! The conference will include a variety of workshops, networking opportunities and a tradeshow full of training resources. Click here for more information. 


Register Today! Join the NJ BMA for a Seminar on Mobile Payments & Digital Marketing Exposed
Join the NJ Bank Marketing Association on May 7th from 8:30am - 11:30am at the Holiday Inn in Clark NJ for a seminar on Mobile Payments & Digital Marketing Exposed. Gerald Sentall, Director of Go To Market Strategy for Fiserv, will present the impact of Apple Pay and Samsung Pay on consumers and financial institutions along with the evolution of the payment landscape. John Siracusa, president & CEO, MOSa eBank Marketing Services, will be joined by his associate Helen Lawrence to discuss what digital marketing is, how it’s changing, and its future impact on marketing efforts

*click on article for details

 
111th Annual Conference Takes Members to Music City, Nashville, Tennesse

Don’t miss our keynote speaker Jim Abbott, Former Professional Baseball Player, New York Yankees on Saturday, May 30, during our Second General Session.

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Internet Profiling and Intelligence Gathering

Internet Profiling and Intelligence Gathering – Tuesday, June 9, 2015
Brookdale Community College, Lincroft, NJ

This is a must see hands-on one-day interactive training seminar on the use of advanced Internet research and intelligence gathering.

Read More

 
Upcoming NJBankers Conferences - Don't Miss Out on Opportunities for Professional Development!
The 27th Annual Annamae Baerenbach Memorial Lending Conference
Thursday, June 11, 2015
NJBankers has designed a conference that is timely, informative and intended to keep you up-to-date on the latest developments in today's residential and commercial mortgage markets. 

Annual Summer Golf Outing and Networking Reception
Monday, August 10, 2015
Join us for our 2015 Annual Summer Golf Outing and Networking Reception being held at the Montclair Golf Club this year!


*Click on the conference for details

 
Endorsed Service Provider News

American Bankers Association Supports the Senior Housing Crime Prevention Foundation
Register today for this complimentary Webinar  - Thursday, May 7th at 10:00 a.m. ET. Seating is limited and registration is required - Earn CRA Credit by preventing elder abuse. Each year hundreds of thousands of seniors are abused, neglected, and exploited because they trust others to meet their most basic needs.  When that trust is broken, it throws many seniors into isolation and despair.  Please click here  to register

 
Associate Member News

COCC Selects SNL Banker as Business Intelligence Partner
COCC, a client-owned leading provider of banking technology solutions for community banks and credit unions across the Northeast, announced the signing of a new agreement that makes SNL Banker a preferred partner for business intelligence and launches the COCC iDashboards product. 

Domain Computer Services - One of the biggest concerns on CTOs and IT Manager’s minds these days is securing their environment from cyber security risk. What technologies are available and how many layers of security are enough? Smart IT pros know sometimes the best defenses don’t even need to be purchased and are available for free built-in to the systems you already have… you just need to know how to access and enable them. Join Microsoft and Domain Computer Services on May 13, 2015 to learn more. Only 50 seats are available.

Grant Thornton LLP has announced an exclusive breakfast reception on April 30th with New Jersey Lt. Governor Kim Guadagno and Grant Thornton’s leadership team. Join fellow New Jersey business executives to discuss hot topics with experts in your industry and discover creative ways to help grow your business and confront regulatory challenges. Register Today! 

Read More

 
Special Olympics New Jersey - Upcoming Opportunities

18th Annual Perlman Cup Ladies Golf Tournament - May 4, 2015
Forsgate Country Club, Monroe Township, NJ
Visit perlmancup.org for sponsorship opportunities and registration information.

Special Olympics World Games - July 25, 2015 - August 2, 2015
TEAM USA is comprised of 482 members to include 14 athletes from SONJ. 
For more information on sponsoring these athletes, visit www.sonj.org.

Special Olympics Unified Relay Across America - May 26 - July 10, 2015
The Flame of Hope will be in NJ on June 4, 2015 on its way to LA for the Special Olympics World Games. 
To register  to run, walk, bicycle or skateboard in one of the segments of the of the NJ leg visit www.sonj.org and click “MORE” in the Unified Relay Across America box on the Home page. Read More

 
Financial Officer Seeks Employment

Financial Executive: Community banking Vice President with experience in accounting functions, including SEC filings, regulatory reporting, asset liability modelling, investments, budgeting and Board reporting seeks position. Individual has Bachelor of Arts, finance, from Rutgers University and is a graduate of the American Bankers Association National Graduate School of Banking.   Please contact Jim Meredith (908.272.8500, ext. 604; jmeredith@njbankers.com) for a copy of the resume.

 
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