If this page doesn't display properly in your email, click here. August 31, 2016
New Jersey Bankers Association
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Jay Ford Re-elected to FHLB-NY Board

The Federal Home Loan Bank of New York announced that Jay M. Ford, president & CEO, Crest Savings Bank, was declared elected to the Board of the FHLB-NY as a Member Director representing New Jersey members for a four year term beginning on January 1, 2017. His current term on the Board expires on December 31, 2016. Mr. Ford was the only candidate accepting nomination for the open seat and therefore no election is necessary. He currently serves as a Member Director on the FHLBNY’s Board and serves as Chair of the Board’s Audit Committee, Vice Chair of the Board’s Strategic Planning Committee, and also serves on the Board’s Executive Committee. Mr. Ford’s 2017 Committee assignments have not yet been determined by the Board.

The Bank also announced that in early October, it will distribute ballots to its eligible New York members for the election that will be held to fill two open New York Member Director seats. In addition, ballots will be sent to all eligible members throughout the District for the election that will be held to fill two open Districtwide Independent Director seats. All of these seats will have four year terms, each commencing on January 1, 2017.  The Member Director seat representing Puerto Rico and the U.S. Virgin Islands is not up for election this year.

NJBankers News

NJBankers Promotional Materials Win First Place Award

NJBankers has once again won a First Place Award from the NJ Ad Club. The Award was earned for our Nashville – themed Annual Conference Communications materials. Designed with Associate Member Christensen-Tamburri Communications (CTC), the materials included brochures, postcards, guides, web bugs, posters and more. We are pleased to partner with CTC to produce the high-impact promotional materials that received this recognition!

Member in the News

Restoring Glass-Steagall Won't Solve Anything
Frank Sorrentino, President & CEO, ConnectOne Bank wrote an OpEd that appeared in American Banker. The letter is reproduced here.
It's a rare occasion when both major political parties converge on a particular platform or issue — and rarer still when said platform involves the resurrection of an outdated law born of the Depression era.

*click on headline for details

Industry News

Agencies Issue Fact Sheet on AML, Sanctions Enforcement
The Treasury Department and the federal banking agencies issued a fact sheet to communicate expectations about anti-money laundering and sanctions enforcement. The document also outlined AML supervision and exam processes, enforcement actions by prudential regulators and the intersecting roles of the regulatory agencies and Treasury entities.

CFPB Highlights Role of Banks in Helping Prevent Elder Fraud

Hundreds of communities across the country have developed coordinated local efforts to prevent, detect and respond to elder financial abuse, according to a Consumer Financial Protection Bureau report. The report emphasizes the importance of collaboration among financial institutions, local law enforcement and adult protective services agencies to stem the multi-billion-dollar elder fraud problem.

Fannie, Freddie Issue New URLA Form
Fannie Mae and Freddie Mac have released the redesigned Uniform Residential Loan Application, the first substantial revision to the form in more than two decades. Changes include a reorganized layout, simplified technology and new data fields, including mobile phone number, email address and military service history. Lenders may begin using the form on Jan. 1, 2018.

FBI Launches Mobile App on Bank Robbers
The Federal Bureau of Investigation has launched a mobile app to make it easier for the public, financial institutions, law enforcement and others to view photos and information, receive alerts and submit tips about bank robbers sought by the FBI. The app, which works with BankRobbers.fbi.gov, allows users to view robbery reports by date, state or other factors and also offers push notifications to be informed of local robberies.

Federal Reserve Bank of New York’s August 2016 Business Leaders Survey
Activity in the region’s service sector declined significantly this month, according to firms responding to the Federal Reserve Bank of New York’s August 2016 Business Leaders Survey. The survey’s headline business activity index plummeted twenty-five points to -19.9, a multiyear low. The business climate index fell twelve points to -31.3, signaling that respondents generally continued to view the business climate as worse than normal, and to a greater extent than last month. The employment index fell to 2.8, marking a slight increase in employment levels, and the wages index edged up three points to 35.0. The prices paid index held steady at 35.5, signaling that input prices continued to rise at the same pace as the last two months, while the prices received index slipped five points to 1.4, suggesting selling prices were little changed. Indexes assessing the six-month outlook indicated that firms remained somewhat optimistic about future business conditions. 

NJBIZ names CFO of the Year Finalists for 2016
NJBIZ, a statewide business publication, presented the finalists for its annual CFO of the Year Awards for 2016. These awards celebrate the financial executives at all levels who contribute to their companies' successes and the growth of the Garden State economy. Finalists will be honored and winners will be announced Oct. 14 at a special breakfast awards ceremony at The Palace at Somerset Park. Congratulations to Marianne Wade, Investors Bancorp Inc. for making the list!

*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

Operations & Technology Seminar
November 8, 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
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Other Industry Meetings
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Endorsed Service Provider News

Endorsed Service Provider CRA Partners Present 2016 CRA Compliance Conference
Don't miss this year's Doing Well By Doing Good CRA Compliance Bankers Conference being held on October 6-7, 2016 at the Gaylord Opryland Hotel in Nashville, TN., presented by CRA Partners, powered by the Senior Housing Crime Prevention Foundation. Current bank partners network with prospective partners to discuss strategies for earning guaranteed CRA credit while transforming and protecting the lives of nursing home residents through the Senior Crimestoppers program.

*click on headline for details 

Annual Golf and Networking Outing Benefits NJBankers Charitable Foundation

At the NJBankers Annual Golf and Network Outing Associate Members stepped up to support Community based organizations and the NJBankers Charitable Foundation.

Merchant e-Solutions sold Mulligans and raised $1,060 that they donated to the NJBankers Charitable Foundation.  A drawing was held for all who purchased Mulligans for a chance to win a gift card and Golf GPS.

Wolf & Company sponsored a drawing of all golfers and David Yanigasawa, Executive Vice President/Chief Lending Officer, Lakeland Bank  received a $500 check from Wolf to be donated to his charity of choice.  Pictured with David Yanigasawa, Will Nowik, Principal, Wolf & Company.


NJBankers Leadership Academy Will Fire Up Your Career, Your Contribution to Your Bank and to the Banking Industry!

The NJBankers Leadership Academy is a comprehensive program which provides the tools for all levels of bankers to succeed in their careers, support their financial institution, and advocate for the banking industry. Participation in the educational modules of the NJBankers Leadership Academy is a win-win-win opportunity for all; the student banker, the bank and the industry! The Academy was designed by Performance Management Solutions in partnership with The Center for Financial Training.

The NJBankers Leadership Academy is composed of five modules that address the necessary skills for moving one’s career forward and moving the bank into the future.

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Bank Secrecy Act Advanced Seminar

Friday, October 14, 2016
Hotel Woodbridge at Metropark, Iselin, NJ

BSA/AML compliance is a self-perpetuating enterprise.  The list of responsibilities never gets shorter or easier to understand. This program is designed to assist experienced personnel for staying ahead of BSA/AML compliance steamroller.  The seminar will focus on the issues BSA/AML officers must be aware of. Read More

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

Directors College with FDIC – Thursday, September 15, 2016
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.

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.

Bank Secrecy Act Seminar 101 – Thursday, October 13, 2016
This program presented by Ken Golliher of Pegasus Educational Services, LLC incorporates a review of all of your institution's BSA’s technical compliance responsibilities; it is the annual review everyone needs to remember their critical duties.  It also reviews the required elements of your AML program from CIP to enhanced due diligence. 

Advanced IRA w/PMC – Wednesday & Thursday, October 19 – 20, 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.  What's more, you'll be encouraged to ask questions, share ideas, and work together with your peers throughout the state to solve real-life IRA problems -- all in a relaxed and supportive atmosphere.   

Annual Human Resources Conference – Thursday & Friday, October 20 – 21, 2016
The NJBankers Human Resource Conference provides the tools, resources, innovations and solutions you need for successful HR practices that will ensure your department and bank will thrive. Polish your skills with practical takeaways that you need to achieve your goals – from talent management to recruitment efforts to succession planning and retirement considerations to federal compliance.   

2016 Delaware Trust Conference – Tuesday & Wednesday, October 25-26, 2016
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

Beyond the Numbers - CFO CONFERENCE w/ FMS, NY/NJ Chapter – Tuesday, November 15, 2016
The role of the CFO has changed in recent years becoming much more complex with inherently demanding expectations for the CFO to play a central role in bank leadership. The state of the economy, increased regulatory scrutiny, changes in accounting standards and even talent planning have all affected the way the CFO impacts a financial institution.

New Leaders In Banking – Thursday, December 1, 2016
The New Jersey Bankers Association and New Jersey Banker magazine are now accepting nominations for the New Leaders in Banking awards - sponsored by Wolf & Company. This is your chance to nominate a colleague who will be honored at a special awards dinner the night before the Bank Horizons event.

To be eligible, all nominees must meet the following requirements:
* Work in a bank in New Jersey
* Be 40 years old or younger at any point in 2016
* Be an outstanding employee, manager, or business leader
* Regularly make a noticeable impact on both their bank and community

BankHorizons – Friday, December 2, 2016
BankHorizons is back and once again this is an exceptional opportunity to showcase your company while networking with hundreds of banking professionals from across the state.  BankHorizons is changing its venue to Ocean Place Resort & Spa in Long Branch, New Jersey. The new event space allows for networking opportunities like never before with a world-class exhibit hall and a completely renovated venue. Plus, this year's exhibitors will attend a welcome reception, taking place the night before the conference.  


CFT 2016 Commercial Lending School

October 23-28, 2016
Crowne Plaza Monroe in Monroe Township, NJ

The Commercial Lending School delivers in-depth training in all facets of commercial credit, with an emphasis on financial analysis, cash flow versus profit, and loan structure. Cases emphasizing small and medium-sized companies are featured. Case studies are used extensively, and active participation by the students is essential. The work will require study, documentation, analysis and decision making, often in small teams that will interact intensively with the instructors, both during the day and in the evening.

Read More

Register Today! New Jersey Bank Marketing Association Presents 'How to Become a Marketing Pro in One Morning'

Thursday, October 6, 2016 - 8:30 a.m. - 11:30 a.m.
Holiday Inn Express, Clark, NJ
This meeting will cover everything you need to know about media, great and creative copy, and targeting the right clients and prospects all in one morning. The panel of experts, representing various areas of marketing, will cover the “how to’s” of their specific marketing discipline. Don’t miss this one, register today!

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Help Support the Adler Aphasia Center Gala

The Adler Aphasia Center is a vital resource for people with Aphasia, their loved ones, healthcare professionals, researchers, and community partners and donors. Their success is due to the commitment of their supporters. On October 6, 2016, they will hold their annual gala, Strengthening Voices for Aphasia. This year, they will honor Investors Bank, among other honorees, for their avid support. Please consider attending and supporting their mission. Read More

Please join the Maurice J. Spagnoletti Foundation on their journey of Love, Support & Hope

Maurice J. Spagnoletti was a prominent N.J. banker tragically killed in June, 2011. His legacy, however, lives on – of upholding the highest moral and ethical values for the American banking system – the cornerstone of the American Dream.

Read More

Philadelphia Fed Presents Reinventing Our Communities: Transforming Our Economies - Register Today!

Reinventing Our Communities is a national biennial conference series hosted by the Federal Reserve Bank of Philadelphia and cosponsors. Register today for the seventh conference is this series, Reinventing Our Communities: Transforming Our Economies, to be held September 21-23, 2016 at the Hilton Philadelphia at Penn’s Landing. The 2016 conference will highlight strategies to create places of opportunity, develop the local workforce for a global marketplace, and provide wealth and opportunity inclusively to all segments of the population.

Read More

CAB Supports the Presentation of "How to Ace Your Next CRA Exam"

Thursday, September 15th, 10:00 a.m. - 10:30 a.m. - Webinar
CRA compliance has become a major undertaking, consuming endless hours of staff time and management’s attention.  And when the examiners come, the data must be properly organized to make sure the bank gives a complete and detailed picture of their efforts or it can have a tremendous impact the outcome on your next CRA examination.

Read More

Individual Seeks Employment

BSA/Compliance Officer - Results driven banking professional seeking challenging opportunity to utilize extensive experience in Branch Administration, Security, Compliance, Bank Secrecy Act, Anti-Money Laundering, Operations and customer service.

Please contact Erin Suckiel (908-272-8500, ext. 629; esuckiel@njbankers.com) for a copy of the resumes.



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