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New Jersey Bankers Association
NJBankers in the News

Turning point: With regulatory reform seemingly on back burner, bankers must re-evaluate both their hopes and their plans
NJBIZ, the statewide business publication,  interviewed several NJBankers members on regulatory reform. NJBankers President/CEO John McWeeney, Jr., was also quoted about meaningful reform in the article.

 *click on headline for details

Industry News

Fed Survey Examines Credit Trends among Startups
Startup firms -- those between zero and five years old that have more than one and fewer than 500 employees, face greater financing challenges than more mature businesses, according to a survey released by the Federal Reserve. Seventy-two percent of startup firms between zero and two years old and 69 percent of startups three to five years old said they faced financial challenges in the past year, compared with 56 percent of more mature firms over five years old. 

Federal Reserve issues guidelines to evaluate requests from depository institutions for joint accounts at Federal Reserve Banks
The Federal Reserve has released final guidelines that will be used to evaluate requests from depository institutions for joint accounts at Federal Reserve Banks effective upon publication in the Federal Register. These joint accounts are intended to facilitate settlement between depository institutions participating in private-sector payment systems.

Bank Accounting Advisory Series Updated
The Office of the Comptroller of the Currency (OCC) has released an update to the Bank Accounting Advisory Series (BAAS). The BAAS covers a variety of topics and promotes consistent application of accounting standards among national banks and federal savings associations.

N.Y. Fed: Household Debt Reaches $12.84 Trillion
Outstanding household debt increased by 0.9 percent in the second quarter, rising by $114 billion to total $12.84 trillion, according to the Federal Reserve Bank of New York. The quarterly increase set a new record, coming one quarter after household debt topped its previous 2008 peak.

Media Feed
Click here to find the recent articles which highlight the banking industry.

*click on headline for details

Member News

Boiling Springs Savings Bank Is Expanding – and they invite you to be their neighbor …
Boiling Springs Corporate Headquarters located at 25 Orient Way, Rutherford, NJ is full to capacity. As Boiling Springs has continued to expand its products and service lines of business it will be moving key personnel to its affiliate-owned space at 1 Orient Way.

Investors Bank Appoints Margaret Lanning To Chief Credit Officer
According to an article in NJBiz Margaret Lanning will immediately assume her duties, reporting directly to Investors Bank’s Chief Risk Officer. She will have the primary responsibility for monitoring risk trends of Investors Bank’s loan portfolio, and for developing policies and procedures for the safe and sound credit underwriting, operations and administration of Investors Bank.  Lanning will also provide support and direction for day-to-day operation of Investors Bank’s Credit Risk Management, comprising internal loan review, portfolio monitoring and analytics, appraisal and workout functions.

Delmar Bancorp and Liberty Bell Bank Announce Merger Agreement
On July 20, 2017, Delmar Bancorp ("Delmar") (OTCQB: DBCP), the parent company of The Bank of Delmarva, Seaford, Delaware ("Delmarva"), and Liberty Bell Bank, Marlton, New Jersey ("Liberty") (OTCQB: LBBB) entered into a definitive agreement (the "Agreement") pursuant to which Liberty will be acquired by Delmar through the merger of Liberty into Delmarva, with Delmarva being the surviving institution.

Boy Scouts of America Announces Distinguished Citizen Award Recipient
The Boy Scouts of America, Patriots’ Path Council will be honoring Anthony Labozzetta, President and CEO, Sussex Bank with the 36th Annual Distinguished Citizen Award on Wednesday, October 18, 2017 at Perona Farms in Andover for serving as exemplary role models for the youth of our area. The award dinner chairs are John Drake, Director of Client Services, Sussex County Economic Development Partnership, Inc. and Edward J. Leppert, Chairman of the Board, Sussex Bank.

*click on headline for details

Endorsed Service Provider News

CRA Partners presents CRA Credit That’s Worth a Lot More
Complimentary Webinar
September 19, 2017
9:00-9:30 a.m. ET

Join this webinar to discover how your bank can receive guaranteed CRA credit on both the lending and investment test, along with service credit consideration – all through a unique, turnkey program that works in your community.

CRA Partners knows how difficult it has become to find meaningful CRA credit opportunities. That’s why they developed a low-risk, profitable solution for banks that’s worth a lot more than just checking a box.

The best part is, they do all the heavy lifting so you don’t have to. Their team provides your bank with permanent support and detailed low- to moderate-income documentation for your exam to ensure full credit is received. The only thing for you to do is enjoy the positive publicity you receive for helping your community.

So register today for this presentation and see how they can partner with you to work in your community. Meaningful CRA credit might be closer than you think.

Webinar Questions? Call 901.529.4765

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

This conference qualifies for credits towards the NJBankers 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 on headline for details



FinPro's Annual Conference
Thursday, November 2, 2017

Director Training Web Seminar Packages

Annual Human Resources Conference
Thursday – Friday, October 12-13

Enterprise Risk Management Conference
Wednesday, October 25

Bank Secrecy Act 101 Seminar
Thursday, October 26

Bank Secrecy Act Advanced Seminar
Friday, October 27

CFO Conference with FMS
Tuesday, November 14

Thursday-Friday, December 7-8

See njbankers.com for details.

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

CFT Presents 2017 Fall Commercial Lending School
The Commercial Lending School curriculum is used by banking schools across the United States.  It delivers in-depth training in all facets of commercial lending, with an emphasis on financial analysis, cash flow versus profit, and loan structure.  Cases emphasizing small and medium-sized companies are featured.  The instruction will be led by a team of senior bankers and consultants.  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.

*click on headline for details

Annual Senior Management Conference

Wednesday – Friday September 13-15, 2017
Borgata Hotel & Casino, Atlantic City, NJ

Get ready to experience our keynote speaker Morris Morrison on Wednesday September 13th to hear about the journey of one of America's most in-demand professional speakers that took him from the bright lights of New York City, to a hospital parking lot where a doctor’s words changed his life forever after he was orphaned for a second time.

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

Advanced IRA
Wednesday & Thursday, October 4-5, 2017
NJBankers Office, Cranford, NJ
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 workshop that will provide critical information on IRAs and tax-favored savings plans in terms you can readily understand

2017 Delaware Trust Conference Offers Discount
Tuesday & Wednesday October 24-25, 2017
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

ABA Foundation Invites Volunteers for 2017 'Get Smart About Credit' Day

The American Bankers Association Foundation is calling for banker volunteers for its 15th annual Get Smart About Credit campaign, an initiative designed to teach teens how to use credit effectively. Bankers will celebrate Get Smart About Credit Day on Oct. 19 and throughout the month by visiting classrooms across the country to present lessons on financial obstacles facing young adults, including paying for college, building good credit habits, managing money and protecting their identity.Last year, nearly 5,000 bankers delivered these lessons to more than 164,000 teens as a part of the program. Read More

Join The Financial Services Talent Network (FSTN) for their Free Financial Services Industry Summit

Thursday, August 24th
Middlesex County College in Edison, NJ.
The Talent Network operates within the state’s talent development system and primarily concentrates on building high-quality, employer-driven partnerships within the financial industry. Talent Network develops strategies to meet the skill needs of employers, facilitate creating career pathways with varying access points and develop industry intelligence to inform workforce investments. The summit aims to address all of this and more! Read More

Individuals Seek Employment

Managing Director - Well-rounded executive with NYC financial services, small business, consulting and general management experience who delivers outstanding quality, innovation, and results seeks opportunity to share skill set with the right NJ organization. Nearly 25 years of management experience across several disciplines including strategic planning, online banking, product management, marketing and project management, and a history of getting things done. Proven know-how to connect the dots from strategic ideas and business objectives to tactical operations for new ideas, products, processes, customer satisfaction, and profitability in complex multi-stakeholder environments.

CFO/COO/CAO  Leading Organizations to Unlock Their Potential – Results oriented financial services executive with strong operational, financial, strategic, risk/balance sheet, technology and regulatory experience leading change programs that improved performance and resource utilization. Demonstrated track record of delivering solid business results.  Highly process oriented with superb communication skills. Proven leader in managing challenging environments and processes while building productive and close relationships across functions and regions in a matrix environment.

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



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