If this page doesn't display properly in your email, click here. January 10, 2018
New Jersey Bankers Association
NJBankers in the News

Affuso Quoted in NJSpotlight Article "Murphy Taps Assemblywoman to Steer Banking Department"
The commissioner of the state Department of Banking and Insurance is not typically a high-profile role in a gubernatorial administration in New Jersey. But Gov.-elect Phil Murphy has pledged to create a state-run public bank, making the position one of new importance in the still-forming Murphy cabinet.

*click headline for details

Industry News

FinCEN Updates BSA FAQs
The Financial Crimes Enforcement Network published answers to FAQs to provide financial institutions with guidance that will help them with Bank Secrecy Act compliance efforts. This is part of a broader transparency initiative announced by Treasury Under Secretary for Terrorism and Financial Intelligence Sigal Mandelker.

Consumer Delinquencies Mixed in Third Quarter of 2017
Delinquencies in many types of closed-end loans and home equity lines of credit rose in the third quarter of 2017, while bank card delinquencies fell, according to ABA's Consumer Credit Delinquency Bulletin. The composite ratio, which tracks delinquencies in the closed-end installment loan categories, rose 12 basis points to 1.68 percent of all accounts but remained well below the 15-year average of 2.15 percent.

Murphy's state bank could solve cannabis business problems, Brach Eichler says
The legalization of marijuana won’t end all the problems facing the potential cannabis market in New Jersey, but a white paper released by the law firm Brach Eichler, based in Roseland, suggested Gov.-elect Phil Murphy could play a huge role in ensuring the viability of the industry.

How the banks won over Washington again
Less than a decade after being blamed for fueling the worst financial crisis since the Great Depression, banks are winning again in Washington.

For banks, DOJ reversal on pot will have 'chilling effect'
Hundreds of U.S. banks and credit unions that serve the marijuana industry, and others that have considered jumping into the fast-growing niche, suddenly face heightened risks. Attorney General Jeff Sessions announced that the Department of Justice is rescinding the Obama-era memo that helped foster the pot sector’s rapid growth.

*click headline for details 

Endorsed Service Provider News

FinPro Presents Free "Emerging Issues Series: De Novo Webinar"
Wednesday, January 17, 2018 - 11:00 AM
FinPro has been a market leader in the de novo space over the past 20 years.  The FinPro de novo team, comprised of our strategic consulting group and our former regulator group, is uniquely positioned to work with applicants to ensure a timely and productive process.  Moreover, our fees are "success based" so that applicant expenses are aligned to the accomplishment of specific milestones.

Vining Sparks' 2018 Economic Outlook Webinar Series - 1st Quarter
January 16, 2018 -  10:00 a.m. CST
The outlook for 2018 was positive … before tax reform was enacted.  Now, economic growth is poised to accelerate close to 3% in 2018, the fastest pace of this cycle.  The consumer continues to benefit from the improving labor market and deleveraged balance sheets.  Tax reform will only further boost disposable income. 

*click headline for details 

Member News

Peapack-Gladstone Bank Announces Appointment of David Santom, Senior Vice President, Head of Asset Management, 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 at Peapack Capital, a subsidiary of the Bank, which focuses on equipment finance and leasing.  Based out of Marlborough, Massachusetts, David Santom, Senior Vice President, Head of Asset Management at Peapack Capital is now responsible for all aspects of the Asset Management function at Peapack Capital including equipment valuations and reviews, portfolio analyses, end of lease negotiations, equipment inspections and dispositions.  
Lakeland Bank Appoints Carlucci and Trask to SVP, Team Leader
Thomas J. Shara, President and CEO of Lakeland Bank, announced the following appointments. Leonard Carlucci has been appointed to Senior Vice President, Team Leader, Waldwick and is returning to Lakeland after a brief break in service. Patrick M. Trask, CPA, has been appointed Senior Vice President, Team Leader of the N.Y. Commercial and Middle Market Lending team based in Highland Mills, New York.

First Bank Adds Team for Southeast PA Market Expansion
First Bank announced  that it has hired three senior executives to grow the bank’s commercial loan and deposit base in Southeastern PA.   Joseph Calabro, David Marx and Rich Tocci will focus on the bank’s expansion in the Chester, Delaware and Philadelphia counties. Calabro is a Senior Vice President and Market Executive with 26 years of experience in corporate banking, including extensive executive and senior management roles in commercial lending, cash management and retail banking. Marx and Tocci are both vice presidents and commercial lending relationship managers on Calabro’s team. 

Sussex Bancorp and Community Bank of Bergen County, NJ Complete Merger
Sussex Bancorp, the holding company for Sussex Bank, announced the successful closing of the previously announced merger of Community Bank of Bergen County, NJ (“Community Bank”) with and into Sussex Bank.

Members Quoted in Article on NJ’s Business Challenges and Opportunities for the New Year
In the December 2017 issue, Commerce Magazine, a publication of the CIANJ, has quoted some NJBankers members for their insights and predictions for the New Year. Bank of New Jersey President/CEO Nancy Graves; NJBankers Chairman and Manasquan Bank Chairman/President/CEO James Vaccaro; and Valley National Bank Chairman/CEO Gerald Lipkin participated in the discussion.

Oritani Bank Hires Chief Lending Officer
Washington-based Oritani Bank has named Kurt Breitenstein its new chief lending officer, following the retirement of current CLO Thomas Guinan.

Unity Bank to Provide Employees with $750 Bonuses in Response to Federal Tax Reform Legislation
In response to Congressional approval of tax reform legislation, Unity Bancorp, Inc. (NASDAQ:UNTY), parent company of Unity Bank, announced today that its Board of Directors has elected to provide all employees excluding executive management with a one-time $750 bonus.

Wells Fargo Appoints John Zimmerman Community Bank Region Bank President for Southern New Jersey
Wells Fargo announced that John Zimmerman has been appointed the region bank president for the community bank’s Southern New Jersey region, which includes 66 branches in parts of Ocean, Burlington, Camden, Gloucester and Atlantic counties.  Zimmerman, who manages 640 bankers, is headquartered in Moorestown and reports to Northeast Community Bank Lead Region President Larisa Perry.

*click headline for details 



Board & Management Summit
March 9, 2018

Advanced IRA w/ PMC
March 21-22, 2018

Media Relations Training Seminar w/ Shazam
March 29, 2018

Womens Leadership Bootcamp
April 9, 2018

Liquidity Workshop w/ KPN
April 19, 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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Associate Member News

Join Baker Tilly for a CECL: 2017 financial statement requirements Webinar
January 18, 2018  1:00 p.m. – 2:00 p.m. ET
While the CECL standard does not go into effect this year, banking institutions are required to have a disclosure of the model and will need to define the impacts it will have on their organization’s financial statements. Join Baker Tilly for this webinar to discuss what your banking institution should do in 2018 to prepare for CECL’s Dec. 15, 2019 effective date.

Atlantic Community Bancshares, Inc. and BBN Financial Corporation Completes Merger
Atlantic Community Bancshares, Inc. and BBN Financial Corp. announced that they have completed the merger of the two holding companies and the respective banks, Atlantic Community Bankers Bank (ACBB) and Bankers’ Bank Northeast. The combined institution will have $800 million in assets and will operate in eleven states throughout the Mid-Atlantic and the Northeast. As of January 2, 2018, the Connecticut office of ACBB will continue to offer the existing correspondent services until the two systems are merged in April 2018.

Alan Blinder Provides an Analysis of the Proceedings and Implications for Future Policy and Economic Activity
The Federal Open Market Committee (FOMC) met and raised interest rates another 25 basis points. Promontory Interfinancial Network Co-Founder, former Vice Chair of the Fed, and Princeton Economist Alan Blinder provides an analysis of the proceedings and implications for future policy and economic activity.

Riker Danzig Receives Recognition and Awards
Associate Member Riker Danzig has received recognition as a “NJ Powerhouse Firm” by Law360; a “Best Law Firms” by US News and World Report; and has received  a "New Jersey Monthly Great Oak Award" as an Honoree. These awards recognize the firm’s “victories in both court rooms and the marketplace”; attorneys who give back to communities” and earned a national ranking for Land Use and Zoning Law, in Tier 3.

Riker Danzig Announces Firm Attorneys Named “Lawyers of the Year”
Best Lawyers has named several firm attorneys as “Lawyers of the Year”. 

RIZCO Names Donald Christensen Account Director & Business Development Specialist
Rizco welcomes Donald Christensen as an account director and business development specialist. In his new role, Christensen will establish and grow accounts anchored by the work he has handled for statewide community banks and banking organizations, providers to community banks, and the New Jersey Bankers Association.

Tax Cuts and Jobs Act Enacted on December 22, 2017: Likely Impacts Deferred Tax Asset Valuation
On December 22, 2017, President Trump signed into law the Tax Cuts and Jobs Act (the “Act”). The Act includes a permanent reduction in the maximum corporate income tax rate from 35% to 21% effective for tax years beginning after December 31, 2017.

*click on headline for details 

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.

*click headline for details 


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

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


It’s all about sunrises and sunsets!

Forget frigid temperatures! Forget ice and snow! Forget short days and long, cold nights!

NJBankers is heading to Marco Island for our Annual Conference so save the date for warm sunshine on your face, soft white sand between your toes, professional development opportunities for your mind (bonus!) and turquoise waters everywhere else!

Cold temperatures have only beefed up NJBankers commitment to providing a getaway with the warmth, magic, charm and casual elegance of Marco Island.

Come on… register today, forget this glacial winter and look forward to warm temperatures and hospitality.

Check out our website for full Conference Registration including:
o Hotel Registration
o Program Details and General Registration
o Make sure you note the new conference format before making travel plans
o Exhibit Opportunities
o Make sure you note the new Market Showplace set-up and show times before making travel plans
o Check out new Market Showplace options – limited availability
o Sponsor/Advertising Opportunities

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

Register Today!
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 

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

Internet Profiling and Intelligence Gathering
Thursday, February 8, 2018 & Friday, February 9, 2018
Brookdale Community College, Lincroft
This is a must see hands-on two-day interactive training seminar on the use of advanced internet research and intelligence gathering.  This class will provide step-by-step researching techniques utilizing online and open-source databases located on the Web. It will cover techniques in locating actionable intelligence and 'hidden' information on a subject's web presence as well as searching social media platforms to identify tweets and Instagram photos and their geo-location. Additionally, sources will be reviewed that allows us to see 'private' information on Facebook. It will outline cellular platform security issues in addition to online personal security risks to help protect you and your family. This class is not only for investigative purposes but also to be able to locate and mitigate threats.

CRA and Fair Lending Conference
Wednesday, February 21, 2018
Brookdale Community College, Lincroft
Join NJBankers, industry regulators and the nation’s leading CRA expert and author for an informative and lively discussion on what your bank can expect with the planned reform of the Community Reinvestment Act (CRA) and related Fair Lending laws.

Basic and Advanced IRA With PMC
Wednesday, February 28, 2018 & Thursday, March 1, 2018
Wingate by Wyndham, Vineland
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.

Risk-Response-Reputation Workshop With Shazam
Thursday, March 1, 2018
Brookdale Community College, Lincroft
Banking is a risk management business. Most of the time that risk is framed in business terms such as liquidity, loan quality or rate risk. But three risks with potential to cripple your bank every day often don’t get as much attention: cybersecurity, robbery, and the risk they represent to your bank’s long-term reputation. This full-day training will break down best practices for securing your data, provide simple steps to reduce risk inside your bank and deliver the tools to prepare for a worst-case scenario so your reputation survives intact.

ICBA Capital Summit

Sunday, April 8, 2018 – Wednesday April 11, 2018
Grand Hyatt Washington, Washington, DC

If access to capital, regulatory and tax relief, mortgage reform and agricultural lending are at the forefront of your mind, ICBA’s Capital Summit is the place to be. Join ICBA and fellow community bankers as we advocate for change in these areas through our Plan for Prosperity legislative platform. By coming together and espousing the community bank message, we will make change happen for our business, our customers and our communities.

The ICBA Capital Summit is an opportunity for bankers to lobby Congress and regulators. Registration is open to community bankers and event sponsors only.

The ICBA Capital Summit is the perfect forum for influencing change in the community bank space. This is our chance to make a difference for the future of our industry. Register Today!

ABA Government Relations Summit
Sunday, April 22 - Wednesday April 25, 2018
Washington Marriott Marquis - Washington, DC

The 2018 ABA GR Summit is the opportunity for you and your peers to advocate for the changes hometown banks need to better serve their customers. Our collective voice is critical as we educate policymakers on the important role banks play in economic growth and job creation.

More than a thousand banking industry peers come together each year to speak to Congress and regulators in a unified voice so that together, our industry can be heard.

*Open to Bankers, Bank Directors & Trustees and State Association Executives only.

This annual event attracts NJBankers officers and board members and other C-level banking officers.  The program includes visits with members of the New Jersey Congressional delegation.
For registration, please click here


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