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New Jersey Bankers Association
New Jersey Bankers Association Celebrates Graduates of NJBankers Leadership Academy

NJBankers celebrated the graduation of the first class of students who completed the NJBankers Leadership Academy, Emerging Leaders program, with a ceremony at the APA Hotel in Woodbridge, NJ. The graduates completed a nine month blended learning program where they were required to attend full day programs, an online program and were required to practically apply newly acquired skills as part of the next learning session. Students completed a “leadership challenge” project to foster their own development, benefit their financial institution and the banking industry. 

The Emerging Leaders Program was developed with the financial support of Fulton Bank of New Jersey and is designed to enhance the organizational, performance, and leadership skills of highly motivated managers who have the potential to become future leaders in their banks and banking industry.  The graduates were joined at the ceremony by their mentors, bank CEOS and officers at their respective financial institutions.

In congratulating the graduates, John E. McWeeney, Jr., president/CEO of NJBankers stated, “NJBankers recognized the importance of educating the banking industry’s emerging leaders. The NJBankers Leadership Academy addressed the leadership facets common to great leaders and presented them as a dynamic professional development resource. These graduates are considered the best and brightest and their commitment to excellence is what makes them stronger leaders for their banks and ambassadors for the banking industry.”

 Graduates of the NJBankers Leadership Academy and the instructors included: (l – r) Front row:  Instructors Dr. Susan Mach and Albert Giobbi;  Robin Hulmes, Investors Bank; Rebecca Kugelman, Unity Bank; Kate Perlman, ConnectOne Bank; Suzanne Wegryn, OceanFirst Bank; Instructor Dr. Cynthia Rowan. Second row: Instructor Connie Whitman; Linda Martin, Investors Bank; Matt Kelly, Peapack-Gladstone Bank; Michael Tripicchio, Spencer Savings Bank; Kate Sant’Angelo, Peapack-Gladstone Bank; Corinne Kison, Provident Bank; Karen Garrera, Lakeland Bank; Aisha Hollins, Provident Bank; Tracey Echavarria, Northfield Bank; Ellen Simons, Amboy Bank; Richard Lanza, Manasquan Bank; Tamara Feldman, Amboy Bank; and Keith German, Fulton Bank of New Jersey.

 
NJBankers Welcomes New Associate Members

NJBankers is pleased to announce that the following firms have joined the Association.  These institutions recognize the value of membership in NJBankers and we applaud their support of the New Jersey banking industry.

 
Lipkin Named NJBankers Recommended Candidate for FHLB-NY Board

At its meeting of May 17, 2017, the NJBankers Board of Directors named incumbent Gerald L. Lipkin, chairman & CEO, Valley National Bank, as the NJBankers’ recommended candidate for re-election to the Federal Home Loan Bank of New York’s Board of Directors. Mr. Lipkin will be completing his first term on the Board on December 31, 2017 and is eligible for reelection to another four-year term. He is currently serving on the Board’s Risk, Strategic Planning and Compensation Committees. Mr. Lipkin's background includes having served as a bank regulator (OCC) for 13 years, 5 of which were in senior administrator positions, along with 42 years of commercial banking experience. He is also a former chairman of the New Jersey Bankers Association. The NJBankers Board of Directors urges members that are also members of the FHLB-NY to support Mr. Lipkin’s candidacy when voting takes place later in the year.

 
Annual Conference Evaluation Winners!

Congratulations to the following individuals who were picked in the Evaluation drawings at the NJBankers Annual Conference!

Conference Evaluations:
Jay Ford, Crest Savings Bank
John Klimowich, Columbia Bank

Exhibitor Evaluations:
Jim Jordan, Jordan Real Estate Group
Sal Zerilli, Mercadien

 
 






Annual Marketing Conference
Thursday, June 8, 2017

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

Operations & Technology Seminar
Tuesday, June 20, 2017
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LEADERSHIP ACADEMY:

STEPS:
April 19, May 23, June 21

STEM:
 April 20, May 25, June 22

Director Training Web Seminar Packages

See njbankers.com for details.

Other Industry Meetings
View Other Meetings
Mark Your Calendar
View Upcoming Events
 
In Memoriam: Douglas Charles Duess

With sadness, we report the passing of Douglas Charles Duess, 67, of Fairfield, NJ, who passed away on May 29, 2017 after suffering some complications from a recent surgery. Doug worked in the banking industry all his life, starting as an auditor for Phil Brief, then working at Spencer Savings for over 20 years before going to the Federal Home Loan Bank of NY for the last 20 years of his career, retiring in 2015. He proudly served our country four years in the United States Air Force. In addition he was a member of the Benda-Roehrich VFW Post 2867, Garfield; Douglas enjoyed playing and teaching poker, blackjack and playing slots.

 
Industry News

Fed Survey Finds Increasing Financial Well-Being as Economy Grows
Seven in 10 U.S. households surveyed last fall said they are “doing okay” or “living comfortably,” according to the recently released Federal Reserve 2016 Report on the Economic Well-Being of U.S. Households. This figure is up one point from 2015 and eight points from 2013. Twenty-seven percent said they were better off than the year before; 17 percent said they were worse off, and about 55 percent said they were doing about the same.

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 May 2017 Business Leaders Survey. The survey’s headline business activity index held steady at 6.6. At 2.4, the business climate index was also little changed, signaling that respondents continued to view the business climate as slightly better than normal. The employment index edged up two points to 6.7, indicating a modest increase in employment levels. The wages index moved up four points to 39.0, signaling continued moderate wage growth.


Federal Reserve Board announces final amendments to Regulation CC and requests public comment on an additional proposed amendment

The Federal Reserve Board has announced final amendments to the check collection and return provisions in Regulation CC (Availability of Funds and Collection of Checks) and also requested further public comment on an additional proposed amendment to Regulation CC's liability provisions.

Beige Book: Economic Growth Continues
Economic expansion continued across most Federal Reserve districts at a modest or moderate pace from early April through late May, the Federal Reserve reported in its third Beige Book release of 2017.

Boston and Chicago signaled that growth in their Districts had slowed somewhat to a modest pace since the prior Beige Book period, while New York indicated that activity had flattened out. Consumer spending softened with many Districts noting little or no change in nonauto retail sales, while auto sales have edged down from last year's record highs in several Districts; tourism activity has continued to keep pace with the general economy.

*click on headline for details

 
Member News

Amboy Bank promotes COO to president, names three EVPs
Amboy Bank has announced Chief Operating Officer Stanley J. Koreyva Jr. has been promoted to president. In addition, three executives were promoted to executive vice president: Domenick Margiotta, chief lending officer; Mary Kay Riccardi, chief risk officer; and G. Gregory Scharpf, chief retail banking officer.

Lakeland Bank Appoints Tim Van Slooten
Lakeland Bank announced Tim Van Slooten has been hired as Senior Vice President, Financial Services Program Manager based in Hackensack, N.J. Van Slooten joins Lakeland with more than 25 years of experience managing bank investment programs.

Liberty Bell Bank Promotes Hiltner to Senior Vice President
Liberty Bell Bank President and CEO, Ben Watts announced that Kathy Hiltner has been promoted to Senior Vice President serving as the company’s business development and branch administration leader. As Senior Vice President,  Hiltner  will work across the Southern New Jersey region to connect Liberty Bell Banks’ integrated financial services to individuals, families and businesses.

Paul Van Ostenbridge Featured on The Kafafian Group Monthly Podcast
The Kafafian Group’s This Month In Banking (TMIB) podcast features discussions with colleagues and other industry thought leaders on interesting banking news that happened during the month. This month, Paul Van Ostenbridge is TMIB’s guest for the first topic, Banking with a Purpose. Van Ostenbridge is the President, CEO and Director of Stewardship Financial Corporation as well as Atlantic Stewardship Bank located in Midland Park, New Jersey where he served in these capacities since the inception of the corporations in 1985. Listen to the podcast.

Peapack-Gladstone Bank and IVI-RMA Global Announce a New Relationship
Peapack-Gladstone Bank announced their partnership with Reproductive Medicine Associates of New Jersey (RMANJ) located in Basking Ridge, New Jersey, and its affiliate, Instituto Valenciano de Infertilidad (IVI) who have recently merged as IVI-RMA Global, to provide funding to support the organization’s extensive expansion projects in New Jersey and throughout the U.S.   As the primary financial institution for the organization, the Bank will provide comprehensive advice and support to assist in IVI-RMA Global’s continued growth in the U.S. 

Peapack-Gladstone buys Murphy money management firm
Peapack-Gladstone Financial Corp. said it is acquiring Murphy Capital Management Inc., a Gladstone-based money management firm. The Bedminster-based parent of Peapack-Gladstone Bank said in a news release that it has entered into an agreement to buy the firm, which was founded in 1983 by John J. Murphy.

James A. Hughes Elected New Jersey Delegate to the ICBA of America
Unity Bank President & CEO James A. Hughes has been elected to the Federal Delegate Board of the Independent Community Bankers of America® (ICBA), which represents nearly 6,000 community banks nationally. In addition to helping shape and advocate ICBA’s national policy positions and programs, Hughes’ duties include being a liaison between independent community bankers in New Jersey, ICBA staff and leadership in Washington, D.C. He will also work to recruit new members to ICBA.

*click on headline for details

 
Endorsed Service Provider News

FinPro's Annual Conference
Thursday, November 2, 2017
Fiddlers Elbow Country Club, Bedminster, NJ

This conference qualifies for credits towards the Directors Certification Training Certificate. The conference will focus on current and upcoming issues and opportunities for community banks providing advice and solutions geared towards enhancing value for all attendees. As the information provided during this conference will give attendees an edge in 2017, the materials and content from this conference will only be available to attendees.

For registration or questions contact:
Email finpro@finpro.us
Phone: 908-234-9398

Click here for more information

 
Associate Member News

Dime Bank Chooses COCC’s Cooperative Service Model and Customer Commitment
Dime Bank, based in Norwich, CT, has selected COCC for its core processing technology because of COCC’s cooperative approach and proven status as a service provider of excellence. This new and innovative technology platform will allow Dime to provide their customers with a more efficient and smarter way to do their banking.

Riker Danzig Partner Elected to American Bar Foundation

Riker Danzig Scherer Hyland & Perretti LLP announced that Samuel P. Moulthrop, head of the firm’s White Collar Criminal Defense Group and partner in the firm’s Environmental Litigation Group, has been elected to the prestigious American Bar Foundation, an honorary organization of attorneys, judges, law faculty and legal scholars whose public and private careers have demonstrated outstanding dedication to the welfare of their communities and to the highest principles of the legal profession.  Members are nominated by their peers, and membership is limited to one percent of lawyers licensed to practice in each jurisdiction. 

Riker Danzig Products Liability Attorney Elected Director of the APALA-NJ
Riker Danzig Scherer Hyland & Perretti LLP announced that Jenny Chung, an associate in the Products Liability, Toxic Tort and Mass Tort Group, has been elected a director of the Asian Pacific American Lawyers Association of New Jersey.  Chung is one of only five directors for the organization.  The APALA-NJ is the largest specialty bar association that collectively represents the interests of Asian and Pacific American lawyers in the State of New Jersey.  Chung will be installed at the annual APALA-NJ 20th Annual Gala on June 8 in Cliffside Park, NJ.

*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

 
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.

 
Help ABA Recognize Your Bank

The ABA Foundation Community Commitment Awards recognize and promote the many valuable ways banks of all sizes and charters contribute to economic growth, community development and overall well being. ABA honors winners in these seven categories: Affordable Housing, Community and Economic Development, Financial Education, Economic Inclusion, Protecting Older Americans, Volunteerism and George Bailey Distinguished Service Award All banks that submit an entry will have the opportunity to showcase their program on the Banks in Their Communities interactive map. Entries are due by June 30. Award winners will be honored during ABA’s Annual Convention, Oct. 15-17 in Chicago, and awardees will receive a complimentary registration to the Convention. Read More

 
Freehold Savings Bank Requests your Participation in a Great Opportunity

Freehold Savings Bank requests your participation in a great opportunity which will nourish employee morale, create customer good will, build your institution’s CRE credits with your regulator, and most importantly support the Leukemia & Lymphoma Society [LLS] through it’s Light The Night Event.

Freehold Savings Bank has committed to run a fundraising “paper icon” program at their facilities for a six-week period starting August 28th, 2017. The program will offer drive-in and walk-up customers the ability to make a donation and receive a paper icon as a thank you.  LLS will provide all of the materials and personnel support needed for your bank to run this program with minimal effort on your part. 

NJBankers is proud to announce that we have endorsed this initiative and promise our full support.  LLS will offer each bank the opportunity to form a team with a dedicated team website where your employees and customers can track the fundraising, make donations and learn more about Light The Night. Also, to tie it together as a statewide bank event, NJBankers will have a team which will run a total for all of the participating NJ banks. 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

 
Individuals Seek Employment

Vice President/Senior Counsel Seeking Employment Opportunity - Background encompasses over 15 years of advising executive leadership on complicated legal matters of consumer and commercial loan credits, whether at origination or in workout, involving obligors and properties located throughout the country.  Oversaw legal aspects of consumer and commercial lending transactions and contracts in straight loan and asset-based lending facilities, including the drafting of governing documents and their negotiation with counsel for obligors.  Primary attorney for legal, compliance and regulatory frameworks, completion of internal investigations, litigation and arbitration of consumer, commercial, business reorganization and financial restructuring cases, including recapitalizations, loan defaults, workouts and bankruptcies. 

Chief Financial Officer - Accomplished senior executive with over 25 years of financial experience and expertise in bank and accounting operations. Established leader with problem-solving skills and strong relationships with Board of Directors, senior executives, management and staff as well as with Corporation’s attorneys, accountants and vendors. Successful and proven track record in: Accounting and financial reporting, Design and implementation of internal controls, Bank operations, Strategic planning, Compliance and corporate governance, Asset/Liability management, Investment management and Coaching, mentoring and talent development.

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

 

        

 
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