If this page doesn't display properly in your email, click here. April 26, 2017
New Jersey Bankers Association
Gubernatorial Candidates Speak at Bankers Leadership Day in Trenton


NJBankers members met in Trenton last week to hear from the candidates who are running for New Jersey Governor. Bankers were able to hear candidate’s platforms and then ask questions. The bankers were joined by NJBankers Leadership Academy participants who, as part of the Academy program, have been tasked to understand the impact of state and federal government on the banking industry in the Garden State.

In addition to the candidates, attendees also heard an update on the economy as well as about Regulatory Reform.


NJBankers Chairwoman, Angela Snyder, chairwoman/CEO, Fulton Bank of New Jersey, opened the day with her insight regarding banker participation in the association.

Read More & Photos

 
NJBankers in the News
Murphy's public bank proposal garners praise and skepticism
Phil Murphy spent 23 years at Goldman Sachs before he became the odds-on favorite in the race to be New Jersey’s next governor, so perhaps it’s no surprise that Murphy has built his economic pitch around a bank.

Governor candidate Murphy pitches his state bank plan to bankers. Opponents pounce.
Phil Murphy, the early Democratic front-runner for governor, defended his proposal to create a state bank to an audience peppered with skeptics Tuesday: members of New Jersey's banking industry.

Murphy pitches state bank to skeptical crowd: bankers
Phil Murphy, the leading Democratic candidate for governor who spent two decades on Wall Street, opened a Tuesday forum hosted by the state's banking industry outlining a plan that has yet to be duplicated in the United States: a state-run bank focused on investing tax dollars in small businesses, student loans and infrastructure projects.

What some of N.J.'s gubernatorial candidates are telling bankers
The leading candidates in New Jersey's governor's race outlined some of their priorities at a New Jersey Bankers Association conference.

*click on headline for details

 
Passing of Timothy J. Losch

With sadness, we report the passing of Timothy J. Losch, 66, of Lambertville, NJ, who suddenly passed away on April 21, 2017. Timothy’s career spanned 44 years in the banking industry working as SVP of New Jersey National Bank/CoreStates, EVP of Yardville National Bank, Regional President of the Central Region at Fulton Bank of New Jersey, and most recently as Chairman of the Central Region Advisory Board.

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ICBA Washington Policy Summit
Sunday-Wednesday, April 30-May 3, 2017

Annual Marketing Conference
Thursday, June 8, 2017

Compliance University
Wednesday-Friday, June 14-16, 2017

Operations & Technology Seminar
Tuesday, June 20, 2017
____________________

LEADERSHIP ACADEMY:

STEPS:
April 19, May 23, June 21

STEM:
 April 20, May 25, June 22

BOOTCAMP:
April 25

See njbankers.com for details.

Other Industry Meetings
View Other Meetings
Mark Your Calendar
View Upcoming Events
 
Industry News

ABA Names New Chief Communications Officer
The American Bankers Association has named former Pentagon Press Secretary and veteran Washington journalist Peter Cook as executive vice president and chief communications officer. As leader of the communications group, Cook will be responsible for the association’s public relations, member communications and brand marketing departments, as well as the ABA Foundation.

UPDATE regarding ADA compliance lawsuit notifications
Since September 2016, ABA Insurance Services has been receiving notices from insured banks that have received letters from law firms alleging that bank website and internet-based banking services violate the Americans with Disabilities Act (ADA) because the sites are not accessible to the visually impaired. The demand letters typically seek a settlement payment and an agreement to work with the law firm to modify the website in accordance with proposed regulations. In addition to monetary settlements, the letters tend to demand costly modifications to bank websites to comply with proposed ADA standards. The Marketing Conference will present a panel which will discuss and advise attendees regarding compliance.

Beige Book: Economic Growth Continues
Economic expansion continued across most Federal Reserve districts from mid-February through March, the Federal Reserve reported in its third Beige Book release of 2017. All of the 12 districts cited modest or moderate growth, with an equal number of districts reporting each.

Federal Reserve Bank of New York Business Leaders Survey
Activity in the region’s service sector continued to expand modestly, according to firms responding to the Federal Reserve Bank of New York’s April 2017 Business Leaders Survey. The survey’s headline business activity index advanced four points to 6.7. The business climate index edged above zero, signaling that respondents viewed the business climate as slightly better than normal. The employment index slipped five points to 4.9, suggesting some slowing in net hiring activity.

GAO Study Examines Fintech Industry Regulation
A Government Accountability Office study examines four “subsectors
” within the fintech industry, highlighting the types of products and services offered and how they are regulated.

in the media

*click on headline for details

 
Member News

Lakeland Bank Helps Provide Safe and Secure Living Environments For Seniors in the Community
Lakeland Bank has joined with NJBankers Endorsed Service Provider CRA Partners to help provide funding for the Senior Crimestoppers program for the residents at Middletown Park Rehab and Health Care Center in Middletown, N.Y. Crime against the elderly in nursing homes and assisted living facilities can be reduced and prevented through the Senior Crimestoppers program.

Metuchen Savings Bank appoints new Director
Metuchen Savings Bank announced the appointment of Victor M. Richel to the Board of Directors.

Stewardship Financial Corporation Announces Closing of Up-Sized Common Stock Follow-On Offering, Including Full Exercise of the Underwriter’s Option
Stewardship Financial Corporation (NASDAQ: SSFN) (the “Corporation”), the parent company of Atlantic Stewardship Bank serving Northern New Jersey, announced the closing of its underwritten public offering of 2,509,090 shares of the Corporation’s common stock, which includes 327,272 shares issued pursuant to the full exercise of the underwriter’s option to purchase additional shares, at a price to the public of $8.25 per share, for aggregate gross proceeds of approximately $20.7 million.  
 

Stewardship Financial Corporation Declares Cash Dividend
The Board of Directors of Stewardship Financial Corporation (NASDAQ: SSFN), parent company of Atlantic Stewardship Bank, declared a $0.03 per share cash dividend.  Common stockholders of record as of May 1, 2017, will be paid the dividend on May 15, 2017.  This dividend represents the seventy-eighth consecutive quarterly dividend since 1998.  The dividend amount per share remains unchanged as compared to the prior quarterly cash dividend.  This dividend should not be used as in indicator of future dividends to common stockholders.


*click on headline for details

 
Endorsed Service Provider News

Mirador Presents Webinars Focusing on Lending Solutions
May 2, 2017 - 11:00 am ET
May 3, 2017 - 1:00 pm ET
The impact of small business success in our local, regional and national economic future is clear. Efficiently and profitably expanding access to credit is the core driver of Mirador’s product development process. As the leading provider of end-to-end lending technology Mirador leverages a streamlined, user experience to create efficiencies in the lending process. Remaining competitive as a bank in today’s crowded lending marketplace requires more efficiency and scalable solutions than ever before and Mirador’s innovative technology and perspectives in user experience continues to enable more profitable and enjoyable lending relationships. Learn how your bank can leverage a delightful borrower experience to see efficiency and profitability increases that will change the way your institution manages small business lending.

*click on headline for details

 
Associate Member News

Register Today for FIS Webinars
Compliance Disclosures for Construction Lending  - Join FIS on May 11 at 2pm ET for a discussion on that formidable Truth in Lending topic – Construction Loans – both temporary and permanent financing. The Know Before You Owe - TILA-RESPA Integrated Disclosure (TRID) Rules became effective on October 3, 2015. This session is designed to describe specific TRID requirements, discuss how to apply the Truth in Lending Act Appendix D in TRID Disclosures, and review common questions and industry best practices. Register here

Documenting Risk Appetite and Tolerance - A key component of an effective ERM program is in the ability to identify and document the institution’s risk appetite and tolerance levels. These values define how much risk the institution is willing to accept and serve as the foundation for both strategic planning and enterprise risk management. Join FIS on June 8 at 2pm ET for a discussion of this impactful facet of risk management. Register here

*click on headline for details 

 
Compliance University, Wednesday-Friday, June 14-16, 2017

We all know that nothing remains static when it comes to Compliance. Make sure your compliance initiatives continue to adapt to current and future regulatory expectations.  Read More

 
Break out your flip flops - May 17 - 21, 2017 - for NJBankers Annual Conference
**PLEASE NOTE: ONLY 2 EXHIBIT BOOTHS LEFT - RESERVE YOURS TODAY**

Don't miss out on this year's Breakout Session Speakers!

CONCURRENT BREAKOUT SESSIONS A      (Choose 1 from 3)

CRE Loan Concentrations in 2017: What You Need to Know
Adam Mustafa, Co-Founder
Invictus Consulting Group 
Mike Rave, Esq., Partner
Day Pitney

BSA/AML Excellence and the Role of Governance
Asaad Faquir, Director
RSK Compliance Solutions, LLC          
Sal Zerilli, Managing Director
The Mercadien Group     
 
Attracting, Motivating and Retaining Future Executive Talent   
Nicholas DeMedio, SPHR, Senior Associate
Mosteller & Associates           
Wendy Cama, CPA, Partner
Crowe Horwath

CONCURRENT BREAKOUT SESSIONS B      (Choose 1 from 3)

C-Suite Summary of CECL
Faye E. Miller, Partner
National Professional Standards Group
RSM US LLP     
Marty Caine, CPA, Member of the Firm
Wolf & Company  

New Policy Landscapes on Dodd Frank and Interchange: Washington DC and Trenton
Paul Russinoff, Senior Director
State Government Relations
Visa, Inc.    
Patrick Dwyer, Director
U.S. State Government Affairs
Mastercard    
Molly Wilkinson, Executive Director
Electronic Payments Coalition (EPC)

Leveraging Technology and Talent to Transform your Branches
Richard Leone, CEO
COCC      
Jerald Murphy, CEO 
BITS

CONCURRENT BREAKOUT SESSIONS C      (Choose 1 from 3)

Executive & Director Compensation/Regulatory Update and Current Trends
Arnie Winick, Regional Managing Director
Bank Financial Services Group           
Eleni Zanias, Esq., Senior Associate
Arnold & Porter Kay Scholer LLP

Cutting Through the Cybersecurity Hype - Practical Tips To Protect Your Bank    
Jeremy Burris, CISA, CISSP, MCP, L|PT, CPTS, C|EH, CICP, ECSA
Security+ Principal, Technology Services
S.R. Snodgrass     
Michael Barrack, Managing Director
Accume Partners
   
An Update on the Regulatory Environment for Bank Mergers and Acquisitions
Chris Gattuso, Esq., Partner
Kilpatrick Townsend & Stockton
Doug Faucette, Esq., Partner
Locke Lord 

Click here for Speaker Details

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

2017 Marketing Conference, Thursday, June 8, 2017
Unlike national conferences, the smaller, more intimate setting of the NJBankers Marketing Conference facilitates easy communication and networking opportunities. Just take a look at the topics this year! Lily Kirov intrigued last year’s attendees with her presentation about thriving in a digital world. We welcome her back to discuss digital statistics, key metrics and their effect on advertising. Many members are now looking to ensure that their websites are indeed compliant even if standards are fluid. Scott Agnioli, VP/Director of Marketing and Tom Valente, Online Marketing Specialist, Investors Bank, will discuss the importance of starting the process NOW and share the critical points your bank must review. Bring your Compliance team to hear from Scott and Tom as well! The content of the presentation will be practical, tangible and scalable. If your bank is using social media channels, how do you use social media as a prospecting tool? Find out at the Marketing Conference!

Operations and Technology Roundtable, Tuesday, June 20, 2017
Business continuity planning defines potential risks and determines how those risks will affect operations. Cyberspace and its underlying infrastructure are vulnerable and cyber actors can exploit your vulnerabilities.  How will Fintech affect your operations? How does this all relate to branch transformation? Explore these issues at the Ops & Tech Roundtable. Interact with experts in Ops & Tech roles. Critical issues are on the table –  so this Roundtable provides a setting not to be missed! Just take a look at our program!

 
NJBankers Leadership Academy Presents First Three Modules for 2017

The NJBankers Leadership Academy is a comprehensive program that provides the tools for all levels of bankers to succeed in their careers, support their financial institution, and advocate for the banking industry. The STEPS, STEM and Women’s Leadership in the 21st Century Communications Boot Camp are now open for registration.  The NJBankers Leadership Academy provides skills that are crucial whether a seasoned banker or one who has just joined the bank’s team and the banking industry. For more information about the modules and to register click here.

 
Internship Grant Program Matches Employer Contributions to Paid Interns

The Many Paths, One Future Internship Grant program will match employer contributions to paid internships up to $1,500 per student on a cost reimbursement basis. The Financial Services industry is considered a key industry that would benefit from the program.

Learn more about the Program!

 
The New Jersey Bank Marketing Association Presents Video Content Marketing Seminar - Register Today!

Thursday, May 4, 2017
8:30 a.m. -  11:30 a.m.
Holiday Inn - Clark, NJ

This is an opportunity for you, as bank marketers, to explore everything about videos from the creative work, production and post production. Learn how to uploaded videos to the Web, You Tube , Social, email and other media. In the past most banks completely outsourced this work, however you will find that producing and sending videos in-house is not that difficult. Read more

 
Job Fair Summit for Military Members Transitioning to Civilian Life - June 8, 2017

The New Jersey Chamber of Commerce along with Joint Base McGuire-Dix-Lakehurst is presenting the annual transition summit and job fair for military members transitioning to civilian life. If your bank is looking to hire high level talent, the summit may be a good resource. There is no cost for registering.

Read More

 
Individual Seeks Employment

Vice President/Treasurer Seeking Employment Opportunity
Skill set includes:
Accounts Payable; Payroll; Assist with Human Resources; Prepare and post daily and monthly entries to General Ledger; Daily, Month End and Year End Book Closings; Produce monthly financial statements for Board packages; Review month to month changes to income and expenses for reasonableness; Enter accrued and prepaid expenses into system and ensure adequacy; Report Unclaimed Property to States; Prepare and file GUDPA, 945, 927 and NJ State Sales & UseTax; Prepare monthly reconciliations; Verify and approve wire transfers; Record and maintain fixed assets in Fixed Asset System; Maintain securities portfolio and Subsidiary companies accounting.

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

 

        

 
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