If this page doesn't display properly in your email, click here. December 13, 2017
New Jersey Bankers Association
BankHorizons a Successful Event
Photos courtesy of Don Christensen, Rizco.

BankHorizons a Successful Event that also Featured Survivor Alum Holly Hoffman

Attendees of Bank Horizons enjoyed a day learning about emerging opportunities and innovative solutions for the banking industry. This year, Holly Hoffman, the last woman standing on Survivor: Nicaragua, was the emcee for the day. The event was held at the beautiful Ocean Place Resort and Spa in Long Branch.

NJBankers Chairman James Vaccaro, chairman/president/CEO, Manasquan Bank, joins Holly Hoffman in her Survivor hut at BankHorizons.

New Leaders Honored at Award Ceremony and Gala
The night before BankHorizons, New Leaders in Banking are honored at a Gala celebrating their accomplishments and dedication to their banks and the banking industry.

The New Leaders Awards recognize the rising stars of the NJ banking industry as nominated by their banks. This year, 15 up and coming stars received awards at a Gala that celebrates their accomplishments. Not pictured Ed Galan.

NJBankers in the News

NJBankers Press Release featured in ROI: NJBankers strongly oppose tax reform plan
The New Jersey Bankers Association is urging New Jersey members of Congress to vote “No” on the proposed tax reform bills in Congress. The bills, are currently being reviewed by a Joint Conference Committee of House and Senate representatives. Senate Republican leaders said Friday at midday that they have enough votes to pass the bill. NJBankers President and CEO John McWeeney, Jr. said the content of the bills unfairly impacts New Jersey residents.

House vs. Senate tax bill: The battles that matter most for New Jersey
NJBankers president/CEO John McWeeney, Jr. comments on the tax implications for mortgage interest.

Jersey Matters - John McWeeney
Larry Mendte of the show "Jersey Matters" sat with President/CEO of NJBankers John McWeeney, Jr. to talk about the concerns of the banking industry if Governor-elect Phil Murphy decides to create a state bank. 

Gottheimer, NJBankers Blast Tax Hike Bill
New Jersey Bankers Association President John McWeeney Jr. and Congressman Josh Gottheimer Speak About Their Joint Opposition to the Tax Hike Bill

*click headline for details



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
Industry News
Fed Survey: Women-Owned Businesses Face Funding, Profitability Challenges
Majority women-owned firms are more likely than their male counterparts to face funding and profitability challenges according to new data from the Federal Reserve Banks of NY and Kansas City. Women-led companies were less successful at receiving financing: when applying for business loans, they received funding 47 percent of the time. Men-owned businesses, meanwhile, had a success rate of 61 percent.

Trump Names Goodfriend to Fed Board
President Donald Trump has nominated economist Marvin Goodfriend to serve as a Federal Reserve governor, in his latest move to reshape the central bank.

Beige Book: Economic Growth Continues, Signals Rate Hike
Economic expansion continued across all 12 Federal Reserve districts at a modest to moderate pace in October through mid-November, the Federal Reserve reported in its eighth and final Beige Book release of 2017.

FHFA Updates Progress on the Single Security Initiative and Common Securitization Platform
The Federal Housing Finance Agency has issued an update to “plan and prepare” for the forthcoming implementation of the Common Securitization Platform and Single Security Initiative, part of FHFA’s 2018-22 strategic plan for its oversight of Fannie Mae, Freddie Mac and the Federal Home Loan Banks that takes effect in 2019. Included in the update were materials to help plan and prepare implementation, such as the Market Adoption Playbook, an educational video and an implementation schedule.

Fed Proposes Changes to Reg A
The Federal Reserve has issued a proposal to amend Regulation A which covers extensions of credit by Federal Reserve banks. The proposal would make technical adjustments that reflect the expiration of the Term Asset Backed Securities Loan Facility program, among others. Comments are due 30 days after the proposal is published in the Federal Register.

*click on headline for details

NJBankers Leadership Academy Welcomes Class of 2018 Emerging Leaders
Management is doing things right; leadership is doing the right things.

The NJBankers Leadership Academy welcomes the 18 bankers who will participate in the Emerging Leaders Program in 2018! The 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. Sixteen bankers had graduated from the inaugural program in 2017.

The students, who will be learning about leading change, maximizing team development, talent development/performance management, communication effectiveness, strategic banking, and individual development planning include:

Gloria Dumm VP, Residential Lending, Amboy Bank
David  DiStefano SVP/Market Executive, First Bank
Miranda Riddle  Branch Manager, Fulton Bank
Brett Miller Financial Center Manager, Fulton Bank
Michael Giacobello Advisory Board Relationship Manager, Investors Bank
David  Ver Hage SVP, Loan Operations, Lakeland Bank
Drew Ter Waarbeek VP, Area Branch Manager, Lakeland Bank
Frank Walka VP, Lakeland Bank
Heather Schick VP, Product Support Specialist, Manasquan Bank
Brian Maslowski VP, Deposit Operations, Northfield Bank
Regina Boukhvalova VP, Business Development, Northfield Bank
Alex Kotlyar AVP, Senior Credit Analyst, Northfield Bank
Sharon Danielson VP, Deposits Operations, OceanFirst Bank
Jonathan Seidel  VP, Credit Officer, OceanFirst Bank
Angelina Druzetic AVP/Assistant Manager, Loan Administration, Spencer Savings Bank
James Robertson AVP/SBA Loan Representative, Two River Community Bank
Lauren Christie Loan Operations Manager, Unity Bank
Dawn Barone SVP, Director, Sales Incentives & Analytics, Valley National Bank

The 11 month program isn’t easy! It requires a commitment to become more than a manager. Members that invest in the program and their managers understand that true leadership is unlocking people's potential to become better and this is the goal of the Emerging Leaders Program.

So welcome to the Class of 2018! See you in January!

Member News

Peapack-Gladstone Bank Announces Appointment of Christian Gaudioso, Senior Vice President, Senior Credit Underwriter
Peapack-Gladstone Bank announced the appointment of Christian Gaudioso, Senior Vice President, Senior Credit Underwriter at Peapack-Gladstone Bank.  Gaudioso is now part of the private banking team responsible for the structuring, underwriting and ongoing monitoring of Commercial & Industrial (C&I) loans in the mid-upper middle market, while providing the Bank’s exclusive one-touch private banking experience.

New Jersey State Golf Association Announces Corporate Partnership with Provident Bank
The New Jersey State Golf Association (NJSGA) announced a multi-year corporate partnership with Provident Bank. Provident Bank, which has a more than 175-year history of commitment to New Jersey customers, communities, and employees, will become the Official Bank of the NJSGA and the presenting sponsor of the NJSGA Amateur Championship.  In addition, Provident will collaborate with the NJSGA to develop marketing programs, corporate networking events, and charitable initiatives.

*click headline for details

Financial Institutions Sued for Imposing Overdraft Fees When Uber and Lyft Charges Overdraw Accounts

A wave of class action lawsuits have been filed across the country against financial institutions in recent months with a rather unique claim: that institutions have been improperly imposing overdraft charges on customers when Uber and Lyft charges made by debit cards overdraw customers’ accounts.  Associate Member Cullen and Dykman has prepared an advisory about the lawsuits.

Read More 


Don’t miss out on the chance to develop new business leads, meet, and network with the Garden State’s leading decision makers. The Economic Leadership Forum is also an opportunity to hear from key thinkers on the issues that shape our great Garden State. Wilbur Ross, Jr., the 39th Secretary of Commerce who will be the principal voice of business in the Trump Administration and named one of the most influential people in global finance by Bloomberg is a featured speaker. Other thought leaders will also present compelling opinions.   Several sponsorship levels are available. Read More

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.

The Baker Group



It's time to plan for the 2018 NJBankers Annual Conference!

Time to think of warm sand, glistening turquoise water, your choice of hotel rooms as well as a stunning renovated hotel property!

NJBankers room block is officially open to book your room for the conference May 16-20, 2018 at the J.W. Marriott at Marco Island Resort, Marco Island, FL.  

The hotel anticipates being sold out, so you are encouraged and wise to make your reservations early.
Room rates:
Standard:  $299
Gulf View & Partial Gulf View:  $339
Suites – Information to book a suite can be found online


NEW this year:
• Daily Concurrent Sessions to offer you more educational content
• Three General Sessions
• Registration and the Market Showplace will open simultaneously this year allowing more time for networking and conversations on the products and services our exhibitors offer
• Fishing Excursion is on Thursday
• Golf Tournament will be on Friday at Hammock Bay
• What better way to end our event, then with our Saturday afternoon Life is a Beach Bash

Please follow the link below to make reservations as well as see the UPDATED CONFERENCE SCHEDULE, before making your arrival and departure reservations.

  Click here!

What Marijuana Legalization Could Mean for Banking Conference

Registration Open!
January 31, 2018
Forsgate Country Club
Monroe Township, NJ

Ready, Set, Go? With the election of Phillip Murphy as Governor, he has pledged to legalize the recreational use of marijuana to boost the Garden State’s economy. Yet there are many questions for banks about serving marijuana businesses, their customers and suppliers as they would be conducting legal activities in New Jersey; but not on the federal level. The NJBankers Conference, “What Marijuana Legalization Could Mean for Banking”, will feature experts who can address what we know, at this time, in order to prepare for how the banking industry would/could service these businesses. 

Read more 

NJBankers Leadership Academy

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.

Associate Member News

Attack surface management webinar series
Thursday, December 14, 2017 - 12-1 p.m. EST
Join Baker Tilly on Social media data risks: Take steps now to improve your security posture and safeguard critical data

CECL: 2017 financial statement requirements
Thursday, January 18, 2018
1:00pm – 2:00pm EST
Join Baker Tilly on this webinar that will discuss FASB’s current expected credit loss (CECL) standard and what banking institutions should do to prepare for CECL’s implementation date.

Banker's Toolbox Announces CAFP Inaugural Scholarship Program
Wayne Roberts, CEO of Banker's Toolbox, has announced the creation of the Banker's Toolbox Certified Anti-Money Laundering and Fraud Professional Scholarship Fund. The newly created scholarship fund is designed to provide financial aid to individuals in their quest for accreditation in American Bankers Associations' CAFP certification program.

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.

COCC Acquires BOLTS Technologies ACH Manager Product
COCC has purchased the ACH Manager product from BOLTS Technologies. COCC has been utilizing BOLTS Technologies’ ACH Manager product for several years and has offered it as part of its robust cash management suite. Now, COCC will own the source code, allowing for development and enhancement of the product entirely in-house.

*click on headline for details 

Please note: The next Connections issue will be published on January 10th.



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