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New Jersey Bankers Association
NJBankers Announces Continuing Association with Coastal Habitat for Humanity

This year will be the capstone year. Last year, for the fourth year in a row, NJBankers worked diligently with issues arising from Superstorm Sandy. As a major component of that effort, NJBankers participated in a build program with Coastal Habitat for Humanity.In the previous four years the Bankers Build has run all summer. To date, the program has been a great success with over 50 banks from all over New Jersey providing 95 days of construction with over 800 bank volunteers doing the work. We were also able to raise $95,000 as a direct donation to Habitat as well as several individual contributions; one banker purchased all of the appliances for one house. Read More

 
Industry News

UPDATE regarding ADA compliance lawsuit notifications
Since September 2016, we have 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. There have been some interesting developments recently.

*click on headline for details

 
Member News

Capital Bank Announces Promotion, Retirement and New Loan Production Office
Capital Bank of New Jersey announced the promotion of Nia Coombs to Vice President. Coombs is a commercial loan officer who has been employed by Capital Bank since 2007. In addition to managing a commercial loan portfolio, she is also the bank’s SBA loan officer.At its Annual Stockholders Meeting held on April 27, the bank also recognized the retirement of William J. Hallissey from its Board of Directors.

Lakeland Bank Announces New Hires
Lakeland Bank announced the following appointments. Robert Abraham has been hired as Senior Vice President, Team Leader, Asset Based Lending; William Allan has been hired as Vice President, Commercial Loan Officer for the Bernardsville Lending Team; and Tony Creanza has been hired as Vice President, Relationship Manager for the Teaneck Commercial Lending Team.

OCC Appoints Jim Wainwright to Mutual Savings Association Advisory Committee

The Office of the Comptroller of the Currency (OCC) appointed six new members to its Mutual Savings Association Advisory Committee (MSAAC). The MSAAC’s role includes assessing the condition of mutual savings associations, regulatory changes or other steps the OCC may take to ensure the health and vitality of mutual savings associations, and other issues of concern to these institutions.

Oritani Bank President and CEO Elected to Adopt-a-Soldier Platoon’s Board of Trustees
Oritani Bank, headquartered in the Township of Washington, announced that its President and CEO, Kevin J. Lynch, has been elected to the Adopt-a-Soldier Platoon (AaSP) Board of Trustees. Lynch was elected by unanimous vote and his appointment is for a one-year term and effective immediately.

Sun Bancorp, Inc. Announces First Quarter Net Income
Quarterly net income of $1.4 million, or $0.07 per diluted share, compared to $826 thousand, or $0.04 per diluted share, in the prior year quarter; pre-tax earnings of $2.1 million compared to $1.1 million in the prior year quarter.


*click on headline for details

 
Endorsed Service Provider News

CRA Partners presents CRA Credit That’s Worth a Lot More Webinar
Live Complimentary Webinar
Friday, May 12
10:00 a.m. - 30 Minutes
Join CRA Partners to discover how your bank can receive guaranteed CRA credit on both the lending and investment test, along with service credit consideration – all through our unique, turnkey program that works in your community. This webinar is intended for CEOs, CFOs, CRA/Compliance Officers and Community Development Personnel seeking CRA credit opportunities.

VC-backed EverFi acquires Workplace Answers

EverFi has acquired Austin, Texas-based Workplace Answers, an online compliance training company. No financial terms were disclosed. EverFi’s backers included Bezos Expeditions, New Enterprise Associates, Tomorrow Ventures and Rethink Education.

*click on headline for details

 
 






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
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Mark Your Calendar
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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

Promontory Interfinancial Network Presents Free Webinar "The Banking Industry is Changing are you prepared?"
May 24, 2017 – 2:00 PM ET
Join Promontory Interfinancial Network for a free webinar to learn how using Insured Cash Sweep® and CDARS® can help provide your bank with tools to meet new challenges.

*click on headline for details 

 
Commercial Real Estate Conference

Thursday, June 29, 2017
The Asbury, Asbury Park, NJ
This conference was developed by leaders within the commercial real estate (CRE) industry representing the full spectrum of industry participants including bankers, regulators and other service providers, the agenda offers attendees a strategic approach to the current regulatory and investment environment. 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


 
THANK YOU TO ALL OUR SPONSORS! SEE YOU IN FLORIDA!


PLATINUM SPONSORS
Bankers Cooperative Group
BFS Group
BITS
Cullen & Dykman
FHLBNY
Fulton Bank of New Jersey
Lakeland Bank
P&G/GRC/RSK
Peapack-Gladstone Bank
Strategic Resource Management
Wolf & Company


DIAMOND SPONSORS
BDO
Crowe Horwath
EverFi
Merchant E-Solutions
Mosteller
Valley National Bank 

DIAMOND SPONSORS
BDO
Crowe Horwath
EverFi
Merchant E-Solutions
Mosteller
Valley National Bank


GOLD SPONSORS
RSM
S.R. Snodgrass

 
SILVER SPONSORS
Boenning & Scatergood
CBA and ICBA Network Services
COCC
CI-Group
Garden State Community Bank
Investors Bank
The Kafafian Group
Keefe Bruyette & Woods
Luse Gorman
Manasquan Bank
MasterCard
McCarter & English
NJBankers Business Services
Sandler O'Neill+Partners
Sturdy Savings Bank
Two River Community Bank
VISA

BRONZE SPONSORS
ABA
ACBB
Arnold & Porter
Baker Tilly
DA Davidson
Helms Briscoe
Invictus Consulting
Kilpatrick Towsnend
Martino & Thoms
PNC Bank
Riker Danzig
Stevens & Lee/Griffin Financial
TDBank
Vantiv
Village Office Supply

PATRON SPONSORS
Bogota Savings Bank
Sun National Bank
Vining Sparks
VSP

*Don't forget to stop by Sports Bar Night!*
Sponsored By:

        


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

Annual Marketing Conference, Thursday, June 8, 2017
APA Hotel Woodbridge, Iselin, NJ
Has your bank been sent a letter by law firms regarding ADA compliance? Many members are now looking to ensure that their websites are indeed compliant even if standards are fluid. Scott Agnoli, VP/Director of Marketing and Tom Valenti, Online Marketing Specialist, Investors Bank, will discuss the importance of starting the process NOW and share the critical points your bank must review.

Operations & Technology Seminar, Tuesday, June 20, 2017
Crowne Plaza Monroe, Monroe Township, NJ
The Ops & Tech Roundtable will give you the opportunity to interact with experts and explore business continuity planning, specialized cyber attacks, the bustling fintech effect on your operations and how Ops & Tech risk relates to branch transformation. Share your successes and lessons learned in balancing these inherent risks and more.

Compliance University, Wednesday-Friday, June 14-16, 2017
APA Hotel Woodbridge, Iselin, NJ
A competent compliance department maintains the bank’s integrity and reputation ensuring that there are no regulatory sanctions or financial losses so Compliance University is your resource for up-to-date information. Just take a look at our comprehensive and flexible program where you can sign up for individual days; register one person for the three day program; or you can even have two people split a day in half. Safeguard your bank! Register today!

 
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.

 
2017 CFO Innovation Conference and Awards

Join NJBankers President and CEO John McWeeney who will take part in a panel discussion entitled “Evolution and Opportunity: Commercial Banking and Finance” at the CFO Innovation Conference on May 24, 2017, at the New Jersey Performing Arts Center (NJPAC) in Newark, NJ.  Other intelligence based panels and presentations will occur throughout the day.  CFOs are welcome to attend the CFO Innovation Conference at no cost. Other executives may attend at their own cost.

Read More

 
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!

 
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.

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