If this page doesn't display properly in your email, click here. September 20, 2017
New Jersey Bankers Association
NJBankers in the News

McWeeney Quoted in NJBIZ Article

When NJBIZ decided to tackle the topic of power banks - institutions that stand out, regardless of their size, and have a positive reputation as forward-thinking and tech-savvy brands - one of our first questions was: "what makes a financial institution a power bank?"  so we went straight to the top and asked John McWeeney Jr., CEO of the Cranford-based New Jersey Bankers Association.  

 
Warren Hill Award Presented to Joseph Mulrooney and James Meredith

 

Two recipients of the Warren Hill Award were recognized at the NJBankers Senior Management Conference last week - Joseph G. Mulrooney, Senior Vice President and Chief Risk Officer for Northfield Bank and  James M. Meredith who was the Executive Vice President and Chief Operating Officer of NJBankers before he retired on July 31st.

 
NJBankers Senior Management Conference Draws Nearly 200 Members for Professional Development, Networking and Camaradeire
Photos courtesy of Don Christensen, C-I Group
The NJBankers Senior Management Conference presented an overview of the hot topics and emerging trends that affect the way banks conduct business now and in the future. The conference provided an invaluable opportunity for staying current on the issues affecting our rapidly changing industry and to network with peers and solution providers.
 
Just take a look at some highlights!

 

Attendees at the Welcome dinner heard from Keynote speaker Morris Morrison who relayed his story about his journey 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. Morris showed how facets of his experiences can be applied to banking.

 

 

 

                              

NJBankers Chairman James S. Vaccaro, chairman/president/CEO, Manasquan Bank welcomed C-Suite Executives to the 2017 Senior Management Conference. 

 

 
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NJBankers Charitable Foundation Contributes $10,000 for Irma Relief Efforts

NJBankers is pleased to report that the NJBankers Charitable Foundation has made a contribution of $10,000 to support Hurricane Irma relief efforts. Financial help is desperately needed and we are pleased to be able to donate to the good people of Florida.

 
 






LEADERSHIP ACADEMY:

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

BankHorizons
Thursday-Friday, December 7-8


See njbankers.com for details.

Other Industry Meetings
View Other Meetings
Mark Your Calendar
View Upcoming Events
 
Helping Victims of Hurricane Irma

In the aftermath of Hurricane Irma, the Florida Bankers Association recently released tips on how community bankers can contribute to relief efforts. FBA President and CEO Alex Sanchez wrote that financial donations can be directed to the state’s Florida Disaster Fund as well as the American Red Cross. He also encouraged those who wish to volunteer to participate via Volunteer Florida or the American Red Cross.

 
How to help Hurricane Harvey Victims

We've had a number of inquiries about the horrible events in Texas as a result of Hurricane Harvey. We join with our friends and colleagues at the Texas Bankers Association, the Independent Bankers Association of Texas, the ICBA and the ABA in encouraging bankers who want to help to make a donation to the relief fund at www.texasbankers.com/harvey to donate by credit card or check. TBA is absorbing all costs so 100% of proceeds will go to relief efforts.

 
SBA Seeks Temporary Loan Processors for Harvey Relief

The SBA is in need of loan specialists and damage verifiers and is asking banks to consider lending staff to help meet the extraordinary demand. It is anticipated that personnel would go to specific SBA Centers however, if necessary, on a case by case basis, the SBA could work with entities that are interested in hosting personnel on site at their own locations to remotely support the effort. Click here for position descriptions. 

 
Member News

Investing in Relationships: Investors Bank CEO Makes Connecting with Customers Centerpiece of His Job 

Kevin Cummings, president and CEO, Investors Bank, discusses the importance of creating and maintaining relationships.

A Minority Niche: A Sharp Focus on a Specific Population can Yield Returns

Several members were interviewed in an NJBIZ feature regarding the growth of minority populations and bank services.

First Data and Valley National Bank Form Long-Term Referral Relationship

First Data and Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp, have entered into a long-term agreement to provide secure commerce solutions for the bank’s merchant clients. 

Peapack-Gladstone Financial Corporation to Acquire Quadrant Capital Management, LLC

Peapack-Gladstone Financial Corporation, parent company of Peapack-Gladstone Bank, has entered into an agreement to acquire Fairfield-based Quadrant Capital Management, LLC.

Meyer Joins Provident Bank as Vice President, Relationship Manager

David Meyer of South Orange, has joined Provident Bank as vice president, relationship manager with the bank’s Middle Market Lending Team.  He will be based in the bank’s Paramus office and will be responsible for originating commercial loans and managing relationship with Middle Market companies in the Northern N.J./N.Y. Metro market. 

N.J.-based First Bank acquires Bucks County Bank for $27.2M

Hamilton-based First Bank announced Monday it has completed its merger agreement with Bucks County Bank.

Unity Bank opens new N.J. location in North Jersey

Unity Bank announced recently it plans to open its second Bergen County branch in November. The 1,400-square-foot branch will be located in a small shopping center at 475 Franklin Turnpike in Ramsey.


*click on headline for details

 
Industry News

Survey: Bankers Anticipate Increases in BSA/AML Spending, Staffing

The RSM Anti-Money Laundering (AML) Survey was developed to help banks understand best practices and benchmark their AML compliance efforts against peers. This comprehensive resource provides a detailed analysis of AML functional structures, staffing levels and certifications, costs, risk tolerance, performance of key compliance processes, technology and training.

Fed Outlines Next Steps for Faster, Real-Time Payments

The Federal Reserve has published a White Paper on strategies for improving the U.S. payments system.

Agencies Issue Additional FAQs on CECL Implementation

The OCC, Federal Reserve, FDIC and NCUA have published frequently asked questions to assist financial institutions and examiners with the new accounting standard, Accounting Standards Update 2016-13, Topic 326, “Financial Instruments–Credit Losses,” issued by FASB. The agencies have now published 14 additional questions.

Media Feed

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

*click on headline for details

 
NJBankers and NYBA Meet to Discuss Hosting Joint Event
Members of NJBankers and the New York Bankers Association Human Resources Committee met this week at the Federal Home Loan Bank of New York offices on Park Avenue in New York City. 
 
After a tour of the new office and trading floor space which was given by Federal Home Loan Bank of NY Executive Vice President Adam Goldstein, Association staff as well as bankers discussed the merits of hosting a joint event this spring.  Stay tuned for exciting details!  

Pictured are Cindy Zaccaro, NJBankers; Geri Kelly, Columbia Bank; Vicki Fackovec, Magyar Bank; Claire Anello, NJBankers; Cris Goncalves, NJBankers; Jenn Zorn, NJBankers; Adam Goldstein, Federal Home Loan Bank of New York; Elisa Legg, New York Bankers Association (NYBA); Mary Ellen Francine, Evans Bank;  and Kerry Carney, NYBA. Not pictured Judy Calabrese, Northfield Bank, Lisa Rottger, Manasquan Bank and Jason Meeks, The Bank of Green Country.
 
 
 
 
Upcoming NJBankers Conferences - Don't Miss Out on Opportunities for Professional Development!

BSA / AML Compliance Management 
Thursday, October 26, 2017
APA Hotel Woodbridge, Iselin, NJ

The seminar incorporates recent changes and reviews major proposed changes in addition to presenting an overview of BSA/AML compliance issues. It reviews the required elements of an AML program from CIP to enhanced due diligence. Our well-known instructor, Ken Golliher, will cover Beneficial Ownership; CTR reporting and recent changes; information sharing; SARs, and other topics important for BSA/AML compliance.

Hot Topics in BSA / AML Compliance
Friday, October 27, 2017
APA Hotel Woodbridge, Iselin, NJ 

As an experienced BSA/AML officer, you know that keeping up with existing and new regulations is a never ending process because BSA compliance is so critical that it is classified as a “safety and soundness” issue. What may have been true last year may just be inadequate this year! 

Basic and 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.

Annual Human Resources Conference, Thursday – Friday, October 12-13, 2017 Caesar’s Resort & Spa, Atlantic City, NJ

What is it that separates great Human Resources professionals from the rest? Effective approaches to challenging and everyday situations are more necessary than ever before.  The NJBankers two-day Human Resources Conference provides a comprehensive look at Human Resources and its impact for the successful operation of the bank.

Enterprise Risk Management Conference
Wednesday, October 25, 2017
The Berkeley Oceanfront Hotel, Asbury Park, NJ

Enterprise Risk Management continues to evolve as new challenges develop from legislative, regulatory, technological, criminal and business pressures affecting the way your organization operates. The speed with which these challenges develop makes the need to be informed and nimble more important than ever. 

CFO Conference with FMS
Tuesday, November 14, 2017
APA Hotel Woodbridge, Iselin, NJ 

What long term structural changes and technological disruptions are redefining the state’s economy? What is the new economic geography? What demographic forces will shape the future of your business? Importantly, what is the future of commercial real estate markets? As CFO, you need to know!

BankHorizons
Thursday-Friday, December 7-8, 2017
Ocean Place Hotel, Long Branch, NJ 

BankHorizons is right around the corner. Attendees will once again have the opportunity to network with peers, discover one-of-a-kind solutions from leaders in the banking community, and learn about the latest products and services revolutionizing the industry!

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.

  Read More

 
Registering for an NJBankers Seminar Has Never Been Easier!
Registering for an NJBankers seminar or conference has never been easier! At checkout, registrants can now pay by credit card or even select a “pay later” feature! Credit card checkout is easy and we safeguard your information. Pay later allows for payment under separate cover or we can send an invoice.
 
Just two more ways to ensure that your professional development needs are met. Take a look at the many seminars and conferences available to you by visiting www.NJBankers.com.
 
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 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

 
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.

Meeker Sharkey Presents Healthy Advantage Workshop: Self-Funded Plans
September 28, 2017
APA Hotel Woodbridge

Self-funding can be an effective method of taking control of healthcare costs for organizations of all sizes.  It is a long-term financial commitment, which requires a sound understanding of both the advantages and potential disadvantages.  However, during this compliance driven healthcare environment, more employers are looking at self-insurance as an alternate funding mechanism.  Come join us in September and see if self-funding is a good fit for you.

*click on headline for details

 
ABAIS Offers Tips in Light of Equifax Breach
ABA Insurance Services (ABAIS) is offering precautionary steps to take to combat fraud in light of the Equifax breach affecting 143 million people. Since it is unknown what hackers plan to do with the information, these are steps you and your staff can take now to help fight the potential increase in identity fraud.

 Read more

 
Fintech 2017 Will Focus on Blockchain
FinTech companies apply technological innovation to financial services and products.At the conference, industry leaders will discuss blockchain as well as other topics which are facing technology and business leaders in this sector. NJBankers members will be given 50% off the rate. Use code NJB to be eligible for the discount.

Read more

 

        

 
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