If this page doesn't display properly in your email, click here. November 1, 2017
New Jersey Bankers Association
Industry News

FDIC Announces Personnel Changes
The Federal Deposit Insurance Corporation (FDIC) has announced several personnel changes.

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 October 2017 Business Leaders Survey. The survey’s headline business activity index moved down four points to 5.7, indicating a slower pace of growth than in September. The business climate index remained negative at -5.7, a sign that firms, on balance, continued to regard the business climate as worse than normal.

Hensarling to Retire from Congress
House Financial Services Committee Chairman Jeb Hensarling (R-Texas) has announced that he will leave Congress at the end of his current term. Elected to represent the Dallas area in 2002, Hensarling took the gavel of the Financial Services Committee in 2013. He would not have been eligible for another term as committee chairman under current House rules.

New Home Sales Reach Highest Level in 10 Years
Sales of new homes jumped 18.9 percent in September, landing at a seasonally adjusted annual rate of 667,000 according to the Commerce Department. September’s figure was up 17 percent from a year prior and the highest level since October 2007.

OCC Updates Guidance on Bank Supervision
The OCC has updated several booklets of its Comptroller's Handbook related to bank enforcement actions and connected matters. The updates provide guidelines on consistent terminology, communication, format, follow-up, analysis, documentation and reporting of bank enforcement.

Study Shows Point-of-Sale Mobile Payments Growth Stalls
Adoption of mobile payments at retail points of sale has stalled and possibly declined, according to a new study from Auriemma Consulting Group. Use of top POS mobile payment apps Apple Pay, Samsung Pay and Android Pay among eligible users fell from 30 percent at this time last year to 25 percent.

*click on headline for details

Member News

Peapack-Gladstone Bank Announces Appointment of Rich Johnston, Senior Vice President, Capital Markets, Peapack Capital, a subsidiary of Peapack-Gladstone Bank
Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank are proud to introduce a new member of the team of private bankers of Peapack Capital, a subsidiary of the Bank, which focuses on equipment finance and leasing.  Rich Johnston, Senior Vice President, Capital Markets at Peapack Capital is now responsible for indirect originations of leasing and asset finance transactions from bank lessors, independent lessors, finance companies and intermediaries in addition to all out-bound syndications. 

Valley National Bank Appoints Yvonne M. Surowiec to Executive Vice President Chief Human Resources Officer

Yvonne M. Surowiec has been appointed to executive vice president – chief human resources officer. Surowiec, who has more than 30 years of experience, will lead all human resources functions at the bank.

*click on headline for details

Industry Benchmarks and Insights for Compensation, Benefits, and Incentives

We are pleased to offer the results of our NJBankers and Crowe Horwath 2017 Bank Compensation and Benefits Survey. This survey represents our commitment to providing you with information to help you gain a competitive advantage within your banking segment. 

Get the latest benchmarks for salary and bonuses for 263 job positions and also useful information on:
> Projections for salary raises
> Benefit programs
> Incentive programs
> Directors’ compensation
> Employee turnover
> Training programs
> Top human resource concerns
> Other human resource practices
The reports have breakdowns by asset range and are available for certain regions and states.

Purchase Survey Report

Order your copy today!



Ops & Tech Roundtable

December 7, 2017

Board & Management Summit
March 9, 2018

Womens Leadership Bootcamp
April 9, 2018

114th Annual Conference
May 16, 2018

Women in Banking Conference
June 13, 2018

See njbankers.com for details.

Other Industry Meetings
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Mark Your Calendar
View Upcoming Events
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.

For the seventh year in a row, the Economic Leadership Forum will be an opportunity to hear from key thinkers on the issues that shape our great Garden State. Our impressive roster of speakers will provide an in-depth view of New Jersey’s current and future business issues. Don’t miss out on the chance to develop new business leads, meet, and network with the Garden State’s leading decision makers. Several sponsorship levels are available. Read More

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

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!

Directors College with FDIC
Friday, December 1, 2017
Pines Manor, Edison, NJ
A bank’s board of directors serves a critical role in the successful, healthy operation of the bank. The Directors Certification Training Program validates that board members for financial institutions located in New Jersey are well trained for understanding the issues that mitigate risk in order to lead their bank with prudent corporate governance practices.

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! This year Holly Hoffman, the last woman standing on Survivor: Nicaragua, will join us and sign her book, Your Winner Within.

NJBankers Leadership Academy

Unlocking Your Leadership Style with DISC
November 16, 2017
NJBankers Office
Cranford, NJ
The foundation of effective leadership lies in understanding self, understanding others and realizing the impact of personal behavior on the people around you. The DISC Assessment® has unlocked the door to productive communication and relationships for over 20 million people, worldwide.

Advanced Leadership:  Leading Your Managers
December 5, 2017
NJBankers Office
Cranford, NJ
Leading your managers who have direct reports requires a very different skill set than managing a team of individual contributors. To be effective in that role, leaders need to move beyond making sure that work expectations are met and focus more heavily on coaching their managers to support and develop their teams.

Emerging Bank Leaders Program
The Emerging Bank Leaders Program is designed to enhance the organizational, performance, and leadership skills of highly motivated managers who have the potential to become future leaders in the banking industry. The program’s content is designed to develop emerging bank leaders in the areas of leading change, maximizing team development, talent development/performance management, communication effectiveness, strategic banking, and individual development planning.

Directors Training Web Seminars
The Webinar Package offers all of your directors and staff approximately 25 one-hour web-seminars (a year) that can be viewed live or at any subsequent time on an unlimited basis.  

FinPro's Annual Presidents and Directors Conference
November 2, 2017
Fiddler's Elbow Country Club
811 Rattlesnake Bridge Road, Bedminster, NJ 07921
Join FinPro for the Annual Presidents and Directors Conference which will focus on the challenges and opportunities that community banks face. It is a great way to stay ahead of current issues while meeting other bankers from around the world. The information provided will be invaluable. We are excited to announce that Governor Chris Christie will address conference attendees. Click here for speakers, topics and more information.
Endorsed Service Provider News

Sign Up with Confirmation.com for a Free Training on how to Quickly Respond to Audit Confirmation Requests
November 7, 2017 - 10:00 EST (Register Early - Space is Limited)
Auditors mail millions of audit confirmation letters to banks annually, requesting confirmation of their clients’ balances and arrangements. The traditional process is slow and time-consuming. Confirmation.com streamlines workflow, centralizes responses, and archives responses electronically. This allows your bank to control the audit confirmation process by making sure the responses are received and sent to an authorized requestor (i.e. CPA firm). It also ensures that only the properly designated personnel respond to confirmation requests.

CRA Credit That's Worth a Lot More
10:00 – 10:30am ET
Thursday, November 9th
Join CRA Partners for a 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.

*click on headline for details

Associate Member News

Baker Tilly Virchow Krause, LLP Presents System and Organization Controls (SOC) essentials II: Webinar
Tuesday, November 07, 2017
11:00am – 12:00pm CST
As new technologies and the increased use of cloud based solutions rise, the prevalence of third-party vendors' System and Organization Controls (SOC) reports have become more important than ever in the marketplace. Reviewing SOC examination reports can sometimes be overwhelming and important items within the report can be overlooked. The key topics that issuers should consider as they perform their exams under SSAE 18, along with the focal points of user entities as they read and evaluate vendor’s SOC reports will be discussed.

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.

Join finance experts at Kaufman Hall and Byline Bank for a Webinar to learn best practices in budgeting processes at your institution
November 7, 2017
1:00 - 2:00 PM CT
Ensuring that your financial institution has accurate, flexible, and transparent strategic and tactical plans will help you address both external and internal challenges, while ensuring you have a roadmap toward profitable growth.

MATRiX Analytics Corporation Article Published in The Silicon Review magazine: Consulting & developing risk analytics solutions for top Banks and FINTECH companies
Banking institutions have experienced a new paradigm in customer centricity, risk management and market domination. The present day competitive environment is forcing them to meet their goals in an ever changing world where new information is flowing in every second from multiple sources. So the success of financial institutions depends on how effectively they leverage the enormous data resources and turn it into actionable insights.Banking institutions have experienced a new paradigm in customer centricity, risk management and market domination. The present day competitive environment is forcing them to meet their goals in an ever changing world where new information is flowing in every second from multiple sources. So the success of the financial institutions depends on how effectively they leverage the enormous data resources and turn it into actionable insights.

PCBB Announces Comprehensive CECL Solution for Financial Institutions
A recent study by PCBB found that only 11 percent of CFOs of financial institutions (under $10B in assets) believe they are prepared for the CECL transition. Based on the specific needs of institutions with less than $10 billion in assets, PCBB created a multi-method process to ease transition to CECL and ongoing reporting.

*click on headline for details

Improvement Authority Acquires Vineland Location, Expands Professional Complex
Capital Bank arranged participations with area institutions, including Century Savings Bank

The Cumberland County Improvement Authority (CCIA) has acquired the property and facilities located at 71 Park Avenue with plans to upgrade the complex formerly occupied in large part by NFI Industries.  CCIA officials say the parcel and its 332,000 square-foot multi-purpose facilities will enable the Authority to improve and create sustainability in this key Vineland location adjacent to the new 275 Delsea Drive Professional Office Complex which the Improvement Authority completed earlier this year. Read More

Wharton Institute for the Performing Arts Seeking Individuals to Serve on Their Board of Trustees

Wharton Institute for the Performing Arts are looking for community minded individuals seeking to serve on their board of trustees,  and in particular have a need for someone with a strong financial background (CFO, Controller, CPA, etc.)  whose involvement would serve to inform and assist us in that area. Wharton is New Jersey’s largest independent non-profit community performing arts center serving over 1,400 students through a range of classes and ensembles including the 14 ensembles of the New Jersey Youth Symphony which serve 500 students in grades 3 - 12.

The Paterson Music Project is Wharton’s El Sistema-inspired program where we are teaching instrumental music to over 300 students in after school programs who would otherwise not have access to the same. Wharton Institute for the Performing Arts is located in Berkeley Heights, New Providence and Paterson, NJ and reaches students from 13 counties. All of WIPA’s extraordinary faculty members and conductors hold degrees in their teaching specialty and have been vetted and trained to enable our students to achieve their personal best.

For more information please contact Bob Hamburger at bob@thebachgroup.com

Register Today for NJ Bank Marketing Seminar: Forecast 2018

Thursday, December 7, 2017
8:30 a.m. - 11:30 a.m.
Holiday Inn Express, Clark, NJ
Traditionally, the Forecast Meeting draws the largest audience and this one should be no exception. In fact, it promises to be one of the best with three outstanding professionals from banking, business and journalism presenting their views and predictions for New Jersey in 2018. Each has been recognized by their peers for leadership and outstanding achievement in their respective disciplines. Don't miss this one, register today!

Read More



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