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New Jersey Bankers Association
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This Bulletin is the publication that was scheduled for Wednesday, February 3, 2016. Thank you for your patience. Check out our new website at www.njbankers.com.

 
NJBankers in the News

Affuso Attends Roundtable on NJ Foreclosures
U.S. Senator Robert Menendez held a roundtable discussion with a wide-range of stakeholders in his Newark Office to develop solutions to tackle New Jersey’s foreclosure crisis. NJBankers Director of Government Relations Mike Affuso was invited to attend.

*click on headline for details 
 

 
NJBankers Welcomes New Members

NJBankers is pleased to announce that the following firms have joined the Association. These firms recognize the value of membership in NJBankers and we applaud their support of the New Jersey banking industry.

 
Industry News

FDIC Approves Extended Exam Cycle for Small Banks
The FDIC has approved an interim final rule extending the on-site exam cycle for banks with up to $1 billion in assets from 12 months to 18 months, effective immediately. Previously, the 18-month exam cycle was only available to institutions with asset sizes less than $500 million.

FinCEN Proposes Tweaks to CTR Filings
The BCTR was designed to facilitate financial institutions reporting the most frequently encountered transaction scenarios. Since that time, FinCEN has become aware that the current report is not configured to allow for alternative reporting models that have developed in the last few years, such as reports filed by a parent company on behalf of its subsidiary. To remedy some of the limitations of the current BCTR, FinCEN now proposes an amended report.

*click on headline for details

 
Member News

Small Business Association Honors Top Lenders in Agency's Lending Program
Each year, the U.S. Small Business Administration (SBA) honors the top lenders who participate in the agency’s lending programs. Recently, the SBA honored the top lenders in New Jersey for SBA programs. Congratulations to our members for your support of the communities and businesses you serve!

New Jersey Bankers Association Charity Golf Outing Will Benefit Financial Literacy Program at JA Finance Park®
The New Jersey Bankers Association Charity Golf Outing being held at Mercer Oaks on April 25, 2016 will benefit a financial literacy program at JA Finance Park®. The proceeds will underwrite the cost for high school students from throughout the state to partake in a 21st century experiential-learning program in a state-of-the-art center located in Raritan Center, Edison, NJ.  The Program helps students meet state standards and graduation requirements at no cost the schools and students’ families.

*click on headline for details
 
 

 
 

 

               Events

CRA & Fair Lending Conference
February 23, 2016

Directors & Managing Officers Conference
Friday, March 4, 2016

Advanced IRA w/PMC

March 8-9, 2016

ABA Government Relations Summit
March 14-16, 2016

New Jersey Leadership Cyber Summit
 April 11, 2016

9th Annual Charity Golf Outing w/NJCPA
 April 25, 2016

Operations & Technology Roundtable
June 14, 2016

Internet Profiling and Intelligence Gathering
 June 16 & 17, 2016

Compliance University
 June 22-24, 2016

Annual Summer Golf Outing and Networking Reception
 August 8, 2016

Annual Senior Management Conference
 November 1-3, 2016

Sponsorship, Exhibiting
 & Advertising Opportunities
 Available
- Click Here!

Other Industry Meetings
View Other Meetings
Mark Your Calendar
View Upcoming Events
 
2016 NJBankers Board of Directors Election Process Underway

On February 2, 2016, managing officers in districts and classes in which Board of Directors seats have terms ending in May 2016 were mailed ballots to nominate individuals to run for election to serve on the board. Individuals may nominate themselves. Of the 25 Board seats, 12 seats have terms ending in May with ten of them not eligible for reelection. Directors are elected for a two-year term and may serve two successive terms of two years each.

We encourage you to look for the nominating ballot in the mail and participate in the nomination process. The deadline for nominations is March 3, 2016, which will be followed by a mailing of election ballots on March 23.

If you have any questions or would like additional information on the election, please contact Jim Meredith at 908.272.8500, ext. 614; or jmeredith@njbankers.com.   

 
Recommended Candidate for FHLB-NY Director

On January 15, 2016, a letter was mailed to all managing officers to determine those interested in being considered as a recommended candidate to serve on the Board of Directors of the Federal Home Loan Bank of New York. This letter was mailed following the NJBankers Board of Directors action to continue with its policy of naming recommended candidates.

One New Jersey director, Jay M. Ford, president/CEO, Crest Savings Bank, has a term that will be expiring on December 31, 2016. Mr. Ford has served two terms and is eligible for reelection. Also serving on the FHLB Board of Directors representing New Jersey institutions are Gerald Lipkin, Valley National Bank (term expires 2017); Kevin Cummings, Investors Bank and Christopher Martin, The Provident Bank (terms expire 2018).

A questionnaire was included with the letter that must be returned by those interested by March 1, 2016. We have tentatively set a membership conference call in early April 2016 for all interested candidates to discuss their reasons for wanting to represent the New Jersey stockholders of the bank. If you have questions regarding the particulars of service on the board, we recommend that you contact FHLB-NY President José R. González.

The NJBankers Board will make a determination on requests for being a recommended candidate at its May 11, 2016 meeting. If you have any questions or need additional information, please contact John E. McWeeney, Jr. at 908.272. 8500, ext. 627; or jmcweeney@njbankers.com.

 
Tragedy Results in Active Shooter Awareness and Education

Recently, the president of the Oklahoma Bankers Association, Roger Beverage, reached out to Bankers Associations throughout the nation regarding a bank robbery that occurred recently at a small community bank in Eastern Oklahoma.  During the robbery, the bank’s president was killed. This led to a hostage situation where a bank customer was shot multiple times and critically injured. She will require numerous surgeries to physically recover.

With that, the OBA has shared two short videos that they hope will educate you; your family and friends; and colleagues on what to do in the case of an active shooter. Click  to watch the videos. Surviving an Active Shooter Event – Civilian Response to Active Shooter  11+ minutes. Run, Hide, Fight  6 minutes.

A fund has been set up for the bank customer on the youcaring.com website.  Her name is Julie Huff.  If you choose to contribute anything personally or from your bank, just click on this link and follow the simple instructions. 

We at NJBankers hope that none of us ever have to face a situation like this or an active shooter in the places we all visit every day. We hope that these videos give you information that could be useful.  We also wish Julie Huff our best for a quick recovery.

 
6th Annual Women In Banking Conference

Wednesday, April 6, 2016
The Palace at Somerset Park, Somerset, NJ

Join us in celebrating our sixth annual one-day conference concentrating on the advancement of women in leadership positions.  Successful women managers and leaders from New Jersey financial institutions and affiliated professional groups share their experiences and knowledge with future leaders.  Read More

 
112th Annual Conference in Scottsdale, AZ - Register Today!

May 11-15, 2016, The Phoenician, Scottsdale, AZ

Registration is now open for the NJBankers 112th Annual Conference.  The Phoenician in Scottsdale, AZ, will be the site of this year's annual conference. Don't miss this opportunity for Professional Development in an inspiring setting.

Read More

 
Lock Your Sponsorship and Advertising in Early!
Sponsorship and advertising opportunities are now available for NJBankers Annual Conference at the Phoenician in Scottsdale, Arizona.  Join us as we move “Westward Ho” on May 11 -15, 2016.  Read More
 
Upcoming NJBankers Conferences - Don't Miss Out on Opportunities for Professional Development!

CRA/Fair Lending Conference – Tuesday, February 23, 2016
Recent Supreme Court and regulatory decisions will inject new life into fair lending discrimination cases by the government based on disparate impact allegations, further enlarging the scope and reach of the doctrine. Join NJBankers, industry regulators and a CRA & Fair Lending expert for an informative and lively discussion on compliance examinations, investigations and enforcement actions relating to the Community Reinvestment Act and the Fair Lending laws.  

Advanced IRA Seminar w/ PMC – Wednesday, February 24 & Thursday, February 25, 2016
Anyone can stand at a lectern and spout rules and regulations.  The challenge is to make sure people understand what the rules mean and how to apply them in everyday situations.  These workshops are an exceptional, hands-on opportunity that will provide critical information on IRAs and tax-favored savings plans in terms you can readily understand.

Directors & Managing Officers Conference – Friday, March 4, 2016
This year’s conference has a packed agenda, perfect for the busy executives and directors. Don’t miss out on topics such as Cyber Security with the FDIC or a panel on “Banks in the New Payment Environment.”

Bankers Headed to Capitol Hill - March 14th -16th
NJBankers will be attending meetings with members of Congress and their staff in conjunction with the American Bankers Association Government Relations Summit.  The Summit, held March 14th -16th will feature dialogue with Congressional Leaders and regulators.  Please sign up through the ABA as space is limited.  Last year hundreds of bankers descended on the Hill to discuss pressing issues.  Without your attendance, our issues will be drowned out in a cacophony of election year non-sense. 
BankSocial Conference –Thursday April 7 & Friday April 8, 2016 
NJBankers is proud to partner with #BankSocial Media Conference. This conference that will teach retail bankers how to utilize social media to drive new business and increase revenue.

28th Annual Annamae Baerenbach Memorial Lending Conference – Wednesday, April 13, 2016 (New Date) 
Join us for our 28th Annual Lending Conference.  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.

 
Highlight the Impact Your Bank Has Made on the Communities You Serve with the NJBankers Community Service Awards

NJBankers wants to give your bank the opportunity to get the recognition it deserves for its community service initiatives.  The Community Service Award program highlights the significant impact New Jersey banks have on their local communities. Read More

 
Register Today for the 2016 ICBA National Convention

The 2016 ICBA national convention, Community Banking LIVE®, is headed to New Orleans for the first time in more than 30 years. Scheduled for March 6-10 at the Ernest N. Moral Convention Center, the convention features nineteen-time Emmy-winner John Stossel and four-time tech entrepreneur and hyper growth CEO Josh Linkner as keynote speakers, more than 60 education sessions in nine tracks, peer networking opportunities and the largest tradeshow for community banking in the world! Register before January 19 to take advantage of the early-bird conference rate and experience all there is to see and do in the Big Easy. Read More

 
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