If this page doesn't display properly in your email, click here. January 24, 2018
New Jersey Bankers Association
2018 Economic Leadership Forum Huge Success Boasting Nearly 600 Attendees
Photos courtesy of Don Christensen, Rizco and Dave Gruol, David Gruol Photography

The NJBankers Economic Leadership Forum on January 19th at The Palace at Somerset Park, drew nearly 600 attendees and was a huge success boasting an impressive lineup of guest speakers and panelists.  The Forum is an opportunity to hear from key thinkers on the issues that shape our great Garden State and the Nation.

A Fireside Chat with U.S. Secretary of Commerce Wilbur L. Ross, Jr. was a highlight of the morning session. Secretary Ross joined NJBankers Chairman James Vaccaro, Chairman/President/CEO, Manasquan Bank, via live video conference to discuss his entrepreneurial outlook, view of Washington politics, and direction for the Commerce Department in the Trump Administration. Secretary Ross was unable to attend in person because he was called to Washington for a meeting.

  

Read More

 
NJBankers Charitable Foundation Contributes to Veterans Programs

After the Economic Leadership Forum concluded, the trustees of the NJBankers Charitable Foundation gathered together to contribute $15,000 to Rider University and $10,000 to Rutgers University to support their veteran’s educational initiatives.

Both Rider University and Rutgers University sent representatives of their programs to the event to provide more information about their importance to veterans who are seeking a degree at the schools.

 



 
 






UPCOMING EVENTS

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
View Other Meetings
Mark Your Calendar
View Upcoming Events
 
 
NJBankers in the News

Affuso Quoted in Asbury Park Press Article "Prepaid your property taxes? It might foul up your escrow account"
NJBankers EVP/Director of Government Relations Michael Affuso noted that tax prepayments should be brought to the attention of the consumer’s bank quickly.

Ross to NJ on Tax Reform: “Live with It”
U.S. Secretary of Commerce Wilbur Ross, a featured speaker at the Economic Leadership Forum, is quoted regarding the possible effects of new tax policy on Garden State residents and businesses.

New Jersey, the National Economy, and Federal Tax Reform
Chief Economist Lindsey Piegza, Ph.D., of Stifel Financial Corp., provided a panoramic view of the nation’s economy at the NJBankers Economic Leadership Forum, held Friday at The Palace at Somerset Park, Somerset.


Industry Trends and Predictions for 2018
The December issue of Commerce Magazine featured several members as well as NJBankers President/CEO John McWeeney, Jr. in an article about industry trends and predictions for 2018. The article noted that agile companies will be put to the test with a new administration in Trenton and changes in federal tax policy.

*click headline for details

 
Industry News

Federal Reserve Bank of New York Business Leaders Survey
Activity in the region’s service sector continued to grow at a solid pace, according to firms responding to the Federal Reserve Bank of New York’s January 2018 Business Leaders Survey. The survey’s headline business activity index was little changed at 18.1. The business climate index rose seven points to 16.4, its highest level in more than a decade, signaling that firms, on balance, regarded the business climate as better than normal.

New Tax Law: Accounting and Reporting Implications
The banking agencies have released an Interagency Statement to provide guidance to institutions on certain accounting and reporting implications of the new tax law, which was enacted on December 22, 2017. In accordance with U.S. generally accepted accounting principles (GAAP), the changes enacted in the new tax law are relevant to the preparation of financial statements and regulatory reports  for December 31, 2017.

Fed Beige Book –  Economic Growth Continues Through End of Year
Reports from the 12 Federal Reserve Districts indicated that the economy continued to expand from late November through the end of the year, with 11 Districts reporting modest to moderate gains. The outlook for 2018 remains optimistic for a majority of contacts across the country. The report was prepared by the Federal Reserve based on information collected on or before January 8, 2018.

In the Second District, economic activity continued to expand moderately, while labor markets have remained tight. Input prices have increased at a somewhat faster pace, while selling prices continued to rise modestly. Housing markets and commercial real estate markets have been mixed but generally steady overall.

In the Third District, economic activity continued to grow at a modest pace, in particular for manufacturing, nonfinancial services, and tourism. Non-auto retail sales improved to a modest pace as auto sales slipped to a modest decline. The construction and real estate sectors changed little. On balance, employment, wages, and prices continued to grow modestly.

FASB Issues Tax Reform Proposal: Agencies Allow Change for Year-End Call Reports
The Financial Accounting Standards Board has issued a draft proposal for adjusting regulatory capital balances that were unexpectedly affected by the new tax reform law. Citing year-end reporting concerns, FASB issued the draft with a 15-day comment period in an effort to finalize the proposal in time for companies to apply the new standard to their 2017 results. Comments are due Feb. 2.

OCC Identifies Credit and Operational Risk as Top Supervisory Priorities
The OCC is focusing on credit, operational and compliance risk as its top supervisory priorities, according to the agency’s Semiannual Risk Perspective report. While asset quality and underwriting remain strong overall, increased competition, tighter spreads and slowing loan growth have driven some banks to ease their underwriting practices and build concentrations in certain loan portfolios that could leave them more vulnerable to economic shocks, the OCC said.

*click headline for details 

 
Member News

Dale Carnegie Presents its ‘Leadership Award’ to Investors Bank
Dale Carnegie, a human resources and management consulting organization, presented its prestigious Leadership Award to Investors Bank.

Metuchen Savings Bank announces the appointment of Janine Akey as Vice-Chairman and the promotion of Jennie Piperi to Senior Vice President
Metuchen Savings Bank Board member Janine Akey was elected as Vice Chair of the Board at the Annual Meeting and  Jennie Piperi, Vice President of Human Resources and Co-Chief Information Officer, was promoted to Senior Vice President.

Stewardship Financial Corporation Declares Cash Dividend
The Board of Directors of Stewardship Financial Corporation (NASDAQ: SSFN), parent company of Atlantic Stewardship Bank, has declared a $0.03 per share cash dividend. Common stockholders of record as of February 1, 2018, will be paid the dividend on February 15, 2018.

*click headline for details 

 
Associate Member News

COCC Hires New Manager of Corporate Risk Management
COCC announced that Jamie L. Perry has joined COCC as Manager of Corporate Risk Management as of January 16, 2018.

COCC Partners with Ellie Mae to Offer Encompass Digital Mortgage Solution to Banks and Credit Unions
Ellie Mae® (NYSE: ELLI), the leading cloud-based platform provider for the mortgage finance industry, announced today that COCC, an award-winning client-owned financial technology company servicing financial institutions throughout the Northeastern United States, has entered into a partner agreement with Ellie Mae. Through this partnership COCC will offer the Encompass all-in-one mortgage management solution to members of the COCC cooperative.


Riker Danzig Welcomes Natalya G. Johnson
Riker Danzig Scherer Hyland & Perretti LLP welcomed Natalya G. Johnson, who joined the Firm’s Labor & Employment Group.  Her practice focuses on the representation and counsel of management in employment-related matters. Johnson regularly litigates in state and federal courts as well as in alternative dispute resolution forums.  Her clients range from not-for-profit organizations to Fortune 500 companies.

*click on headline for details 

 
Get Recognized!
Show your community impact!

The Community Service Award program highlights the significant impact NJ banks have on their local communities.  Members are encouraged to submit information and photographs on initiatives that show how their financial institution makes New Jersey’s communities’ better places to live, work and play.  Read More

 
NJBankers 2018 Service Award Program is Open

NJBankers recognizes employees and directors of member institutions who are celebrating their 15th, 20th, 25th, 30th, 35th, 40th, 45th, and 50th years of service to the banking industry in 2018.  Those being recognized will be included in the SERVICE AWARDS booklet which will be distributed at the 115th Annual Conference and hand delivered or mailed with a certificate following the Conference. Please have your typed submissions  submitted by March 12, 2018 to esuckiel@njbankers.com.

 
NJBankers Leadership Academy

DISC –a single session seminar and/or prerequisite for NJBankers Leadership Academy Leading Your Managers module
Wednesday, February 14, 2018
NJBankers Office
411 North Avenue East
Cranford, NJ 07016
8:30 a.m. – 4:00 p.m.

The DISC personality test lets you determine your “DISC” type and personality profile quickly. The DISC factors, which include Dominance, Influence, Steadiness and Compliance, predict your behavior towards others and the everyday things you do. The foundation of effective leadership lies in understanding self, understanding others and realizing the impact of personal behavior on the people around you.

So why is NJBankers offering this opportunity and who should attend?  There are two answers to this question!
We offer the DISC assessment as a stand-alone seminar for anyone who wants to be a more effective leader. Importantly, DISC is a prerequisite for the NJBankers Leadership Academy Leading Your Managers module. Members who signed up for the module must take a DISC assessment before the class.

Advanced Leadership:  Leading Your Managers
Monday, April 16, 2018
NJBankers Office
411 North Avenue East
Cranford, NJ 07016
8:30 a.m. – 4:00 p.m.

There is a Pre-Requisite for this module:  completion of a DISC Training Program which is on February 14, 2018. Please review details.

Leading managers who have direct reports requires a 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.

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 

 
Board and Management Summit

March 9, 2018
Renaissance Woodbridge Hotel, Iselin, NJ
Guiding Leadership in the Right Direction

The pressing issues facing financial institutions today has been a growing source of concern in boardrooms throughout the country.  This conference, led by FinPro and NJBankers, brings these issues into focus to help you find a pathway to success, especially important as the industry continues to innovate and evolve.  Whether you’re a seasoned director or new to responsibility, your director’s will emerge with a more focused understanding and gain the tools and knowledge needed to provide active, informed, prudent and independent guidance to bank leadership.

>With a new administration in Trenton, the discussion about a state bank is in the news… and in our collective minds! The Summit includes a segment on this chilling topic and features the president/CEO of North Dakota Bank, the only state bank in the U.S., who will discuss its design and purpose.

>Cybersecurity continues to be a hot topic so the Summit includes a panel of experts discussing new developments.

>The program includes an update from Washington on topics important to bank directors.

>The Community Banking Business Model will also be a featured topic.

The BMS is a component of the NJBankers Leadership Academy Directors Certification Program in conjunction with FinPro, Inc. 

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!

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

What Marijuana Legalization Could Mean for Banking Conference
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. Attorney General Jeff Sessions sent a memo to U.S. attorneys calling the Obama era policy “unnecessary” and pointed to federal laws that “reflect Congress’s determination that marijuana is a dangerous drug and that marijuana activity is a serious crime.” Now what? 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.

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. 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.

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
 
The AACCNJ Invites you to the Eighth Annual Circle of Achievement Awards Gala

February 15, 2018
The Venetian, Garfield NJ.

The African American Chamber of Commerce of NJ Circle of Achievement Awards Gala celebrates and recognizes a distinguished group of African Americans that have attained a significant level of accomplishment in business, politics, education, sports and/or entertainment. The AACCNJ invites you to join them at the Gala and/or become a sponsor to help them complete their mission to economically empower and sustain African American communities and businesses throughout the State of New Jersey. The African American Chamber of Commerce has been a good ally and friend to NJBankers and the banking industry and we encourage our members to support their program.

Click here for more information about attendance

Click here for more information about sponsorships

 
Rutgers University Submitting a Grant Application to the NJ Department of Labor and Workforce Development to Provide Human Resource and Project Management Certification Training

Rutgers University is submitting a grant application to the NJ Department of Labor and Workforce Development to provide Human Resource and Project Management certification training. With that, the university is looking to see if there is interest in a SHRM or PMP certification course.

  • The 36-hour SHRM certification preparation course will help prepare HR professionals to sit for either a       SHRM Certified Professional (SHRM-CP®) or the SHRM Senior Certified Professional (SHRM-SCP®). The cost of materials for this course is $525 per person.
  • The 35-hour Project Management course is a comprehensive course that will help prepare Project Management professionals to sit for the Project Management Professional (PMP) Certification. The cost of materials for this course is $200 per person.

A pre-qualification form must be completed. The top portion is for company information and the bottom half is for employees participating in this training. There is no obligation associated with submitting the form.

The pre-qualification form and the information is due by Monday, January 29th.

For a limited time Rutgers is currently offering grant-funded recertification courses for both SHRM and PMP certification.

Contact Sharon Gutterman – Senior Program Coordinator, Rutgers, The State University of New Jersey at 848-932-7701 if you have any questions or concerns.

Click here for pre-qualification form 

 

        

 
 Connections Tools
Search Back Issues
Forward this Issue
Print-Friendly Version
New Jersey Bankers
411 North Avenue East
Cranford, NJ 07016
Phone: (908) 272-8500
Fax: (908) 272-6626
www.njbankers.com
To ensure delivery of the New Jersey Bankers Connections, please add "info@njbankers.com" to your email address book or Safe Sender List. If you are still having problems receiving our communications, see our white-listing page for more details: http://www.commpartners.com/website/white-listing.htm

To safely unsubscribe from this group, click here.
Visit NJBankers.com Applications Bulletin Regulatory Bulletin Advertising Sponsorships