If this page doesn't display properly in your email, click here. July 20, 2016
New Jersey Bankers Association
Legislative Update
Applications Bulletin
Regulatory Bulletin
Buy-Sell Loans/Participations
Web Seminars
NJBankers Team Participates in the 2016 Bankers Build

The New Jersey Bankers Association joined association members in the 2016 Bankers Build with Morris Habitat for Humanity. The NJBankers team traded in their suits for the day to assist in the rebuilding of a West Milford home that was damaged.

NJBankers team takes a break from building. Pictured ( l to r) Michael Affuso, John McWeeney, Lauren Barraza, Erin Suckiel and Jim Meredith.

In Memoriam - Michael J. Gormley

With sadness, we report the passing of Michael J. Gormley, who was the victim of a tragic automobile accident last Thursday, July 14, 2016. Gormley, 60, from Lanoka Harbor was an executive vice president, chief operations officer and chief financial officer at Harmony Bank. The Gormley family will host a celebration of Mike’s life. The memorial celebration will take place on Saturday, July 23, 2016 at the Forked River Presbyterian Church, 131 N Main St, Forked River, NJ 08731 starting at 2 p.m. Mike’s wife, Lorelle Gormley, is truly appreciative and grateful for the outpouring of support that has been given to her and her family. In lieu of flowers, donations may be made in memory of Michael J. Gormley to the Rotary Club of Jackson, P.O. Box 751, Jackson, NJ 08527 or the Rotary Club of Red Bank, P.O. Box 8444, Red Bank, NJ 07701.

Happy Retirement Norm!

NJBankers President/CEO, John McWeeney and James Meredith, EVP/COO attended a retirement party for Norm Beatty, president & CEO, First Hope Bank. Thank you Norm for all your support throughout the years and we wish you and Agnes all the best! Pictured l to r: John McWeeney, Kathy McWeeney, Agnes Beatty, Norman Beatty, Elaine Meredith and James Meredith.

Industry News

Agencies Issue Final Updates to CRA Q&As
The federal banking agencies issued revised questions and answers on Community Reinvestment Act compliance. In their final guidance, the agencies clarified nine of the 10 proposed Q&As. Overall, the agencies revised six existing Q&As and adopted three new ones. The changes focus on alternative delivery of retail banking services, innovative or flexible lending practices, qualified investments and community development.

Agencies Begin Accepting Diversity Self-Assessments
The Office of Management and Budget has approved the federal banking agencies’ voluntary diversity self-assessment model for financial institutions, the agencies said in a Federal Register filing. The self-assessment is based on diversity and inclusion assessment standards issued by the agencies last summer.

Federal Reserve Bank of New York Empire State Manufacturing Survey Results
The July 2016 Empire State Manufacturing Survey indicates that business activity flattened out for New York manufacturers. The headline general business conditions index fell five points to 0.6. The new orders index and the shipments index both fell to levels not far from zero—a sign that orders and shipments were little changed. Labor market indicators pointed to a small decline in employment levels and hours worked. The prices paid index held steady at 18.7, suggesting that moderate input price increases were continuing, and the prices received index held near zero, indicating that selling prices remained steady. Firms were less optimistic about future conditions compared to last month.

FHFA: Most Eligible for Principal Reduction Are in Three States
More than three quarters of seriously delinquent homeowners who are eligible for Fannie Mae and Freddie Mac’s one-time principal reduction program live in just 10 states, according to figures released by the Federal Housing Finance Agency. More than half of the estimated 30,000 eligible borrowers live in just three states: Florida, New Jersey and New York.

*click on headline for details 




Enterprise Risk Management Conference
September 27, 2016

Bank Secrecy Act Seminar 101
October 13, 2016

Bank Secrecy Act Seminar Advanced
October 14, 2016

Advanced IRA w/PMC
October 19-20, 2016

Annual Human Resources Conference
October 20-21, 2016

Annual Senior Management Conference
November 1-3, 2016

NJBankers Leadership Academy
See njbankers.com for details.

Directors College with FDIC
September 15, 2016

Emerging Leaders Curriculum

Classes Begin Sept. 28, 2016

Sponsorship, Exhibiting
 & Advertising Opportunities
- Click Here!

Other Industry Meetings
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Mark Your Calendar
View Upcoming Events
Member News

First Bank CEO Joins Trenton YMCA Board, Patrick L. Ryan, Continues Family Tradition of Service
For First Bank CEO Patrick Ryan, involvement with YMCA’s is a long-standing family tradition. He is continuing the tradition with an appointment to the Board of Trustees of the Young Men’s Christian Association (YMCA) of Trenton.Founded in 1856, it is the oldest nonprofit in Trenton and one of the 12 oldest YMCAs in the country. The Trenton YMCA is a fixture of the community and services the Trenton, Lawrence and Ewing communities.

Ocean City Home Bank Eighth Annual Walk for the Wounded
Saturday September 24, 2016 - Ocean City Music Pier
Ocean City Home Bank will host the Eighth Annual Walk for the Wounded on the Ocean City Boardwalk. Ocean City Home Bank wants you to be among the first to learn of the opportunities to help make this year’s fundraiser a success, from advertising space in the Dedication Booklet to sponsorship packages providing broader exposure for your company.

The Provident Bank’s CEO Chris Martin Honored With Governor’s Jefferson Award For Public Service
The Provident Bank announced President and CEO Chris Martin has been named a 2016 Honoree for the New Jersey State Governor’s Jefferson Awards for Public Service.

*click on headline for details 

Community Bank Mortgage LLC - an Innovative Way to Grow and Manage your Mortgage Business

NJBankers endorsed Community Bank Mortgage LLC - co-owned by the Corporation for American Banking, an ABA subsidiary, and 75 community banks - is a cooperative-style enterprise that leverages the power of joint ownership for better execution on loans sold into the secondary market.  By aggregating loan volumes, ABA Community Bank Mortgage LLC is able to receive preferential terms from the industry’s top investors—enabling owner banks to offer very competitively priced mortgages to their customers. ABA Community Bank Mortgage LLC offers cash bonus options for loan deliveries with Stonegate Mortgage, Bank of Oklahoma Financial and Five Oaks. In 2015, participating bank-owners received an average payout of $20,000. By participating in this program, you can be more competitive, serve more customers, and enhance your bank’s bottom line. Learn how ABA Community Bank Mortgage LLC can help you grow your mortgage business by visiting aba.com/mortgagellc or reach out to Debbie Whiteside (800-226-5377 ext. 5580 or dwhiteside@aba.com) or Jim Meredith (908.272.8500, ext.614; jmeredith@njbankers.com).

Associate Member News

Turchette Hires Jenni Saunders as Account Executive
Turchette, one of New Jersey’s leading brand marketing and public relations firms for more than 65 years, has hired Jenni Saunders to the position of Account Executive.  As Account Executive, Ms. Saunders will oversee several of Turchette’s current accounts, and serve as a vital contributor to new business growth and development.

*click on headline for details 

Directors College with FDIC

Directors College with FDIC
Thursday, September 15, 2016
Hotel Woodbridge at Metropark, Iselin, NJ
A bank’s board of directors serves a critical role in the successful, healthy operation of the bank. A board’s responsibility includes staying abreast of any bank issues, regulatory requirements and establishing a corporate culture that prevents the circumvention of safe and sound policies and procedures. An engaged, attentive board must adopt effective corporate governance practices. The NJBankers Leadership Academy is designed to provide key insights on corporate governance and shape sound strategic decision.

Engage your board members now so they can fulfill their duties in a prudent manner!   Read More

Annual Summer Golf Outing and Networking Reception

Annual Summer Golf Outing and Networking Reception
Monday, August 8, 2016
Fiddler’s Elbow Country Club, Bedminster, NJ
Join NJBankers for a great day of networking and a great day of golf.  Two course exclusivity for NJBankers tournament means less play time and more face time on our host course, Fiddler's Elbow in Bedminster, NJ!  Thanks to Unity Bank for being our course host and thanks to our event sponsor Wolf & Company, P.C.

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Upcoming NJBankers Conferences - Don't Miss Out on Opportunities for Professional Development!

Enterprise Risk Management Conference – Tuesday, September 27, 2016
A successful ERM process can help an organization meet many challenges by providing a framework for managers to explicitly consider how risk exposures are changing, determine the amount of risk they are willing to accept, and ensure they have the appropriate risk mitigants and controls in place to limit risk to targeted levels.

FHLB-NY Announces 2016 Board of Directors Election Schedule

The Federal Home Loan Bank of New York (FHLB-NY) has announced the schedule for the 2016 Board of Directors elections. In total, three Member Directorships – one seat representing New Jersey members, currently held by Jay M. Ford, president & CEO, Crest Savings Bank, and two seats representing New York members - are up for election in 2016. In addition, two Independent Directorships representing the whole District are also up for election.

At its meeting of May 11, 2016, the NJBankers Board of Directors named incumbent Jay M. Ford as the NJBankers’ recommended candidate. Ford has served two terms and is eligible for reelection. While on the Board, he has served as a member of the Executive Committee since January 2015; as Audit Committee Chairman since December 2011 (member since 2008); Vice Chairman of the Strategic Planning Committee since August 2012 (member since 2010); and had served as a member of the Risk Committee from March 2013 to December 2014. He is also a former chairman of the New Jersey League of Community Bankers. Ford has worked in the industry for over 45 years and is a member of the American Institute of Certified Public Accountants and the New Jersey Society of CPAs.

NJBankers members that are also members of the FHLB-NY are urged to cast their vote for Ford when ballots are mailed on September 30, 2016.

Register Today! FDIC and OCC 2016 Joint Mutual Forum

August 3-4, 2016
FDIC  - L. William Seidman Center, Building C Auditorium
3501 Fairfax Drive - Arlington, VA 22226
The Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency are presenting the 2016 Joint Mutual Forum. The intent of the Forum is to promote the operations of mutual depository institutions and discuss industry trends. Attendees will have the opportunity to meet with executives from other mutual organizations, as well as senior management from the OCC and the FDIC, including FDIC Chairman Martin J. Gruenberg and Comptroller of the Currency Thomas J. Curry. Read More

2016 Delaware Trust Conference - Register Today!

October 25th & 26th
Chase Center on the Riverfront
815 Justison Street, Wilmington, DE 19801
The Delaware Bankers Association and the Delaware Financial Education Alliance Present the 11th Annual Delaware Trust Conference. NJBankers is once again proud to promote and support the Delaware Bankers Trust Conference.  NJBankers members will be granted the Delaware Bankers membership pricing as a courtesy. Register Today!

Join FMS For Their 2016 Chapter Golf Outing

North Jersey Country Club, Wayne  NJ
Monday, August 15, 2016
A challenging 18 holes of golf on the prestigious and scenic North Jersey Country Club course. Warm up on the driving range before heading out for the shotgun start. Relax at the cocktail hour and enjoy a full course dinner. Read More

Vaccaro to be Honored at Visiting Nurse Association Health Group's Beach Ball

Visiting Nurse Association Health Group's  Beach Ball will be held on Friday, September 16, 2016 at the beautiful Chapel Beach Club in Sea Bright. This fresh, new, festive event will raise funds for the VNA and honor VNA Health Group Foundation Chairman Mindy Minerva and VNA Health Group Trustee and Former Chairman Jim Vaccaro for their longtime commitment and dedication to the organization over the years. The evening will feature live music by Groove Shop, dancing and fun fare from a few of the Shore’s most eclectic food trucks, all in support of    VNA Health Group’s general programs and services. Read More

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