If this page doesn't display properly in your email, click here. November 23, 2016
New Jersey Bankers Association

Please note that the NJBankers office will be closed
on Friday, November 25, 2016.

Industry News

Agencies to Host Free Webinar on Military Lending Act Compliance
The federal banking agencies will host a free compliance webinar on changes to the Military Lending Act rules that recently took effect. The webinar, to be held on Dec. 1 at 3 p.m. EST, will focus on the amended regulation’s scope, its optional safe harbor processes, the cost-of-credit limitations and required disclosures.

FHLBNY Declares a 5.00% Dividend for the Third Quarter of 2016

Federal Home Loan Bank of New York's President and CEO, José R. González, announced that, on November 17, 2016, their Board of Directors approved a dividend for the third quarter of 2016 of 5.00% (annualized). The dollar amount of the dividend will be approximately $72.0 million. The cash dividend was distributed on November 18, 2016. In providing a consistent return on the investment their members have made in their cooperative, their dividend reflects the Federal Home Loan Bank of New York’s role as a steady and reliable partner for their members. They filed their Form 10-Q for the third quarter of 2016 with the U.S. Securities and Exchange Commission on November 9, 2016.

NY Fed: Consumers Anticipate Lower Spending, Income

Americans’ expectations for how much more they will spend in the next year fell significantly in October, landing at 3.2 percent from September’s 3.7 percent reading, according to the Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations. The outlook for household income growth was also down, declining in October to 2.5 percent following 2.6 percent in September. Credit availability expectations were also down in October.

*click on headline for details

Member News

Atlantic Stewardship Bank Launches Apple Pay
Atlantic Stewardship Bank (ASB) introduced Apple Pay as an expansion of their mobile services to make purchases simply and securely with just one touch. Apple Pay is a mobile payment and digital wallet service by Apple Inc. that lets users make payments using the iPhone, Apple Watch-compatible devices and iPad.

*click on headline for details

Associate Member News

COCC Recognized as a 2016 FinTech Excellence Award Winner for Excellence in Banking Technology
COCC, a leading provider of innovative banking technologies, has been recognized as a 2016 Fintech Excellence winner for “Excellence in Banking Technology Solutions.” Corporate LiveWire Fintech Awards celebrate the highest achievements in the industry. All companies that won awards were chosen for their merit and talent in innovation and financial technology. The awards recognize new advances in banking technology, companies that displayed innovation, creativity, vision and a willingness to take great pride in sharing their accomplishments with the world.

*click on headline for details

Show Off Your Stuff!
Get the Recognition you deserve

The Community Service Award program highlights the significant impact NJ banks have on their local communities.  Members are encouraged to submit information and photographs on initiatives that show how their financial institution makes New Jersey’s communities’ better places to live, work and play. We compile a book that includes the submissions and then distribute it to Legislators and Regulators. This book is shared with media outlets to prompt interest in your bank’s programs and reinforce the impact the banking industry makes on the communities that members serve. Join us in this initiative and benefit from the exposure! Please pass this information to the appropriate individual at your institution. Read More


Economic Leadership Forum
Friday, January 20, 2017

Directors Certification Training:
Board & Management Leadership Summit

Friday, March 10, 2017

ABA Government Relations Summit
Monday-Wednesday, March 20-22, 2017

7th Annual Women in Banking Conference
Wednesday, April 5, 2017


  Dates TBD

 Dates TBD

April 25

NJBankers Leadership Academy
See njbankers.com for details.

Other Industry Meetings
View Other Meetings
Mark Your Calendar
View Upcoming Events
2016 Compensation Survey Available

The annual NJBankers/Crowe Horwath LLP compensation survey provides invaluable compensation-focused benchmarking data. This year’s survey offers insights to help you make critical decisions about compensation, human resources, and benefits, including calibrating compensation structures using industry benchmarks, structuring salary and incentive pay to support business strategy and identifying trends in employee acquisition, development, and turnover. To order, click here.

Congratulations Senior Management Conference Prize Winners!

Congratulations to Lisa Thouin, The Mercadien Group, and Fred Viaud, Glen Rock Savings Bank, winners of the prize drawing for submitting their Senior Management Conference evaluations. NJBankers Conference committee, board and staff appreciate your feedback!

BankHorizons 2016

Friday, December 2, 2016
Ocean Place Hotel, Long Branch, NJ

At BankHorizons 2016 you will experience an action-packed day complete with thought-provoking educational sessions, interactive panels, leading-edge exhibits, networking, attendee raffle prizes and more! BankHorizons is geared to all your bank staff from:  Operations, Technology, Lending, Retail Banking, Marketing, Human Resources, Security, Compliance and Risk Management. Read More

Save the Date! Board & Management Leadership Summit


March 10, 2017 - SAVE THE DATE
Renaissance Woodbridge Hotel, Iselin
Qualifies for 5 credits toward certification*

This new conference format will focus on current and upcoming issues and opportunities for community banks and provide advice & solutions geared toward enhancing value for all attendees. Read More

Break out your flip flops - May 17 - 21, 2017 - for NJBankers Annual Conference
NJBankers is back at The Breakers in Palm Beach, FL for our Annual Conference & Market Showplace.  
The room block is open!  The Breakers anticipates a sell-out over our dates and encourages attendees to make their reservations early.  

Read more
The New Jersey Bank Marketing Association Presents Forecast 2017 - Register Today!

Thursday, December 1, 2016
8:30 a.m. -  11:30 a.m.
Holiday Inn - Clark, NJ

Traditionally, the NJBMA's Forecast Meeting draws the largest audience and this one will be no exception. In fact, it promises to be one of the best with three outstanding professionals from finance and business, including  John E. McWeeney, Jr., President and CEO, NJBankers and James Vacacaro, 1st Vice Chairman, NJBankers and President & CEO, Manasquan Bank, presenting their views and forecasts for banking and industry in New Jersey for 2017. Each has been recognized by their peers for leadership and outstanding achievement in strategic planning and implementation. Don’t miss this one, register today! Read More


Bergen County Habitat Seeks Retail Space

The Habitat for Humanity of Bergen County is investigating the possibility of opening a ReStore in Bergen County.  ReStores are nonprofit home improvement stores and donation centers that sell new and gently used furniture, appliances, home accessories, building materials and more to the public at a fraction of the retail price.  Proceeds from the ReStore would be used to assist the charity in implementing its mission statement of providing low-income, affordable housing to hardworking families of Bergen County.

The Bergen Habitat is hoping that NJBankers members may be able to assist in the ReStore project.  They are currently seeking location(s) in Bergen County for ReStore operations.  The wish list includes a retail space in Bergen County with a loading dock and a footprint of at least 8,000 square feet, and warehouse space in Bergen County of at least 10,000 square feet.  Alternatively, some type of flex space that accommodated both retail and warehouse functions, with a size of at least 15,000 square feet, would be highly desirable.  If any member has foreclosed upon, or is in the process of foreclosure upon, a property that generally fits any of these descriptions, and is interested in working with the Bergen Habitat in the establishment of a ReStore, they would love to hear from you.  Please contact Jack Fields at (201) 664-5400, x203, or jfields@oritani.comJack is a member of the Board of the Habitat for Humanity of Bergen County. Read More



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