If this page doesn't display properly in your email, click here. February 21, 2018
New Jersey Bankers Association
NJBankers in the News

Long arm of state giving local banks reasons to worry
Executives at some community banks in New Jersey are saying the creation of a state-run financial institution like the one proposed by Gov. Phil Murphy could be devastating to local municipalities and borrowers.

Rationale for state bank doesn’t add up
The ROI Editorial Board supports NJBankers in the need for a state bank – we don’t need it.

Veterans with entrepreneurial spirit can find assistance at Rider University
Veterans who need expert guidance on a business idea can find assistance through the Veterans Entrepreneurship Training program, offered through Rider University’s Center for Entrepreneurial Studies.

*click headline for details

 
NJBankers News

Welcome Home Care and Hospice Association of NJ
NJBankers welcomes the Home Care and Hospice Association of NJ (www.homecarenj.org) as tenants for some of our office space in Cranford. We’re putting some unused space to good use for people who do important work in our communities and also generating some additional revenue for the Association.

The non-profit organization represents and advocates for home care and hospice agencies in NJ.  Its mission is to serve as the catalyst for excellence in home care and hospice and their goals are to inform, educate, assist and advocate for providers and the patients and families they serve.

 
BCG News

BCG Membership Services Include Free Subscription to HR360
BCG offers all NJBankers members a free subscription to HR360, an award winning online HR and benefits reference source.   Included is a dynamic online HR library.

In many ways, your HR library acts as an 'online HR department,' providing your organization with step-by-step guidance on major HR tasks including performance reviews, interviewing, hiring, discipline and termination, combined with over 500 downloadable forms, posters and an attorney-reviewed sample employee handbook.

Your online HR library also keeps you updated on the latest changes to Health Care Reform and how it will impact your business.

Highlights you will want to view include:
Forms section featuring over 500 downloadable model forms
Customizable sample employee handbook
Latest information on Health Care Reform
Tools section featuring an interactive Job Description Builder and Salary Benchmarking Tool
Your state's employment laws and downloadable required posters

For additional information on the service contact Richard Siderko at 908-272-8500 x-616. 

Business Travel Accident
Travel Accident Insurance protects officers, employees and directors against loss of life, limb, sight, speech, hearing or paralysis while on business travel away from the premises of the employer. Traveling to this year’s NJBankers Annual Conference at the JW Marriott Marco Island Beach Resort is a prime example of when your senior management and directors should have business travel accident protection.

BCG administers a very comprehensive travel accident program through Zurich.  It is available to both Members and Associate Members.  Amounts up to $500k can be purchased for as little as $24.91/yr.

Contact Richard Siderko at 908-272-8500 x616 for additional details on this valuable program.   

 
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 February 2018 Business Leaders Survey. The survey’s headline business activity index edged down two points but remained firmly positive at 15.9. The business climate index rose five points to 21.1, a record high, signaling that firms, on balance, regarded the business climate as better than normal.

Digital Banking Consumers Are Frustrated
In a recent online survey of 1,600 U.S.-based digital banking users (meaning those who have used digital banking in the past 12 months), 68 percent reported being frustrated with their online banking experience.

The crypto craze is here to stay — now it’s even being taught in high school
Union Catholic Regional High School in Scotch Plains, New Jersey, proudly displays the following motto on its main building: "Where Tradition Meets Tomorrow." Now, in 2018, Union Catholic is teaching its juniors and seniors about cryptocurrencies.

Banks Urged to Take On Payday Lenders With Small, Lower-Cost Loans
Those who find themselves pinched for cash often turn to high-cost payday lenders. But traditional banks and credit unions could serve that role for borrowers and do it at much lower rates, according to a new proposal from the Pew Charitable Trusts.

*click headline for details
  

 
 






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
 
 
Endorsed Service Provider News

CRA Partners present CRA Credit That’s Worth a Lot More Webinar
Thursday, March 22, 2018
10:00 a.m. - 10:30 a.m. EST
Join this 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. CRA Partners knows how difficult it has become to find meaningful CRA credit opportunities. That’s why they developed a low-risk, profitable solution for banks that’s worth a lot more than just checking a box. Webinar Questions? Call CRA Partners at 901.529.4765

Vining Sparks/ICBA Securities Present "Municipal Market Update: Strategies, Tax Reform, and Credit" Webinar
Tuesday, February 27, 2018
10:00 a.m. to 11:00 a.m. CST
ICBA Securities and its exclusively endorsed broker/dealer, Vining Sparks, will present a webinar on February 27 exclusively for the state associations that endorse ICBA Securities, as well as all other community banks.  This is the first of the 2018 webinar series.  The municipal bond sector continues to be a significant portion of community bank portfolios and year after year one of the better performing asset classes. Significant weightings in tax-free bonds can produce high tax-equivalent yields at a reasonable corresponding price risk.  The credit performance of the bank-qualified sector remains sound; however, investors must understand issuer credit dynamics and overall credit themes.

*Click headline for details

 
Member News

Amboy Bank raises minimum wage for its employees to $15
Stanley J. Koreyva Jr., President and COO, has announced a staff compensation enhancement program increasing the minimum wage for all full time employees to $15 an hour.

Bogota Savings Bank Awards Bonuses to Employees
The Board of Directors and President/CEO Joseph Coccaro of Bogota Savings Bank have awarded a special one-time, before tax bonus of $1,350 to all employees. This is a consequence of the new federal tax reform legislation, which resulted in the corporate tax rate reduction from 34% to 21%.

Boiling Springs Savings Bank Announces Strong Fourth Quarter Donations for Community Alliance Program
Boiling Springs Savings Bank announced fourth quarter 2017 results for its award-winning, philanthropic Community Alliance Program (CAP). The $128,722 donated in Q4 led to the program’s highest annual donation to date, with nearly $500,000 distributed to various New Jersey charitable organizations in 2017 alone. All totaled, an impressive $3.2 million has been donated through CAP since its 2006 inception.

Capital Bank Reports Record Earnings; Declares Semi-Annual Cash Dividend
Capital Bank of New Jersey has declared a semi-annual cash dividend to stockholders. On April 20, 2018, a $0.20 per share dividend will be paid to all stockholders who are holders of record on March 9, 2018.


ConnectOne Bank Notches Premier Lender Designation
According to an article in NJBIZ, the New Jersey Economic Development Authority has designated ConnectOne Bank as a premier lender. ConnectOne, which has five branches in the state, joins more than two-dozen New Jersey banks in the EDA’s Premier Lender Program. Under the program, the EDA can guarantee or participate in a portion of a bank’s commercial loans or credit facilities.

Lakeland Bank Earns Preferred Lender Status from SBA
Lakeland Bank has been granted Preferred Lender Status by the Small Business Administration (SBA), the highest bank designation reserved for top-tier lenders. The Preferred Lender status provides Lakeland Bank with the authority to process, close, service and liquidate most SBA-guaranteed loans without prior review to provide faster financing to the small business community.

Lakeland Bank Promotes Rath and Novak
Thomas J. Shara, President and CEO of Lakeland Bank, announced the following appointments. John F. Rath, III has been promoted to Executive Vice President and Chief Lending Officer and Stephen C. Novak, has been promoted to Executive Vice President, Senior Commercial Real Estate Officer and Group Leader.

Favre Joins Provident Bank as Senior Vice President, Deputy Lending Officer
Larry Favre of Metuchen, N.J. joined Provident Bank as Senior Vice President, Deputy Lending Officer in the bank’s Lending Division.  In this newly created position, he will be responsible for assisting with the review and approval of commercial loans.  In addition, Favre will be actively involved with the bank’s Relationship Managers to help structure new and existing commercial loans, meeting with customers, reviewing term sheets and supporting loan approvals.

Northfield Bank Promotes Eileen Bergin and Irene Greenman to Senior Vice President
Steven M. Klein, President and Chief Executive Officer of Northfield Bank, announced that Eileen Bergin and Irene Greenman have been promoted to Senior Vice President. Eileen Bergin holds the titles of Corporate Secretary, In-House Counsel and CRA Officer and also is responsible for Corporate Governance leadership.  Irene Greenman joined Northfield in 2010 as Vice President of Loan Servicing after a 16 year career in banking operations. 

UCEDC gets $250,000 bank grant to help ease challenges faced by women and diverse business owners
Wells Fargo & Company (NYSE: WFC) announced that Union County Economic Development Corporation (UCEDC) received a $250,000 grant in lending capital to aid its statewide funding and training programs for women and diverse small business owners.  It is one of 12 organizations nationwide selected in Round 4 of the Wells Fargo Works for Small Business: Diverse Community Capital (DCC) program.

Valley National Bank Promotes Robert J. Bardusch to Chief Operating Officer
Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp headquartered in Wayne, announced the promotion of Robert J. Bardusch to executive vice president, chief operating officer (COO).

*click headline for details 

 
Associate Member News

COCC Announces Community Banks and Payment Innovations Panel
COCC, a leading provider of technology solutions to financial institutions, will be moderating a Payments Innovation Panel on April 3 at 7:00pm at the Central Connecticut State University (CCSU) as part of the Annual Distinguished Lecture Series sponsored by The American Savings Foundation.

Riker Danzig Advises Government of India on Significant Securities Offering
Riker Danzig Scherer Hyland & Perretti LLP announced that its Corporate, Securities and Tax Groups are advising the Government of India on its partial divestment of its equity interest in RITES Limited (“RITES”), a multi-disciplinary public sector transportation and engineering consultancy.

*click headline for details

 
Get Recognized!
Show your community impact!

DEADLINE APPROACHING -  BE SURE TO GET YOUR ENTRIES IN!
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. Contact Emily DeMasi for deadline details! 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 114th 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

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.

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 

 
Basic and Advanced IRA With PMC

Wednesday, February 28, 2018 & Thursday, March 1, 2018
Wingate by Wyndham, Vineland

Wednesday, March 21, 2018 & Thursday, March 22, 2018
NJBankers Office, Cranford

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.

Read More 

 
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.

Read More 

 
Register Today for the 2018 NJBankers Annual Conference!

 

BE SURE TO BOOK YOUR ROOMS TODAY, NJBANKERS ROOM BLOCK IS CURRENTLY 96% SOLD
Room rates:
Standard:  $299
Gulf View & Partial Gulf View:  $339
Suites – Information to book a suite can be found online

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

Sponsorship Opportunities:  jzorn@njbankers.com or 908.272.8500 x611
Exhibit Opportunities:  czaccaro@njbankers.com or 908.272.8500 x632
Advertising Opportunities:  edemasi@njbankers.com or 908.272.8500 x610
General Inquiries:  info@njbankers.com

Click here for information!

CHECK OUT OUR CONFERENCE KEYNOTE SPEAKERS!

Mark Zinder
Speaker, Economic Forecaster, Writer and Consultant
Thursday, May 17: What Happens Next
Mark Zinder is a seasoned financial professional and keynote speaker with a unique gift for making the complicated clear as he examines the trends and ideas actively shaping business today. Mark’s distinctive and captivating style has made him one of the busiest and most requested speakers in the fields of finance, economics and business development. He honed his talents with Sir John Templeton, Dr. Mark Mobius, Mr. Michael Price, and other renowned economists and money managers.

Dave DeFazio
Partner, StrategyCorps
Friday, May 18: The Amazon Prime Effect
Dave DeFazio is a partner at StrategyCorps and works with bank clients to design, build and implement a variety of checking, marketing and training programs. His extensive financial services experience and continuous research in the field ensures each product and service meets the needs of today’s retail bankers. As partner, he develops consumer sites and mobile apps that deliver value to bank customers as well as analysis tools that allow clients to have a deeper understanding of customer relationships and product profitability.

Scott Pioli
Assistant General Manager, Atlanta Falcons
Saturday, May 19: Diversity
Scott Pioli is entering his 25th season in the NFL, and his fourth as the Falcons Assistant General Manager. Since joining the Falcons, Pioli and General Manager Thomas Dimitroff retooled the roster and specific scouting processes en route to the clubs second Super Bowl appearance in 2016. In nine years with the New England Patriots, Pioli helped the club win Super Bowls XXXVI, XXXVIII, and XXXIX, claim four AFC championships, and six AFC East titles.


Lieutenant Colonel
Robert J. Darling

United States Marine Corps (Ret.)
Saturday, May 19: Crisis Leadership
Lieutenant Colonel Darling retired from the United States Marine Corps with over 20 years of active duty service. He flew attack helicopters in Desert Shield and Desert Storm during the first Gulf War and in Somalia, Africa, in support of Operation Restore Hope. Lt. Col. Darling supported the President, Vice President and National Security Advisor in the President's Emergency Operations Center (PEOC) on September 11, 2001. He has addressed numerous academic, government, and military organizations and is the author of 24 Hours Inside the President’s Bunker, 9/11/01: The White House and the President.

Marty Lyons
Former New York Jets, Defensive Tackle/Defensive End
Saturday, May 19: Inspirational Breakfast
Marty Lyons’ football experience matured under the guidance of the late Paul “Bear” Bryant at the U of Alabama where he was All-American. He was captain of the NCAA Division 1 National Champion team. He was inducted into the 2011 College Football Hall of Fame and is the 2017 recipient of the Paul W. Bryant Alumni – Athlete Award. His football career with the NY Jets spanned 12 years where he played both defensive tackle and defensive end. Along with Mark Gastineau, Joe Klecko and Abdul Salaam, he was a key player in the infamous “New York Sack Exchange”. Marty decided to use his name and God given talent to make a difference in the lives of terminally ill children. The Marty Lyons foundation has fulfilled 7,300 wishes for these children.

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

Media Relations Training Seminar in Conjunction with Shazam
Thursday – March 29, 2018
Ramada Plaza Hotel, Monroe Twp.

So you’ve pitched a story or had a critical incident and the media are on their way or asking questions. Now what? Our speaker, Pat Dix, Shazam VP of public relations and veteran reporter/TV anchor was recently quoted in this article – Crisis Remediation: Are you prepared. Just take a look. You’ll see that attendees of this seminar are sure to get valuable information from a seasoned professional who will review critical incidents and so much more! Be smart when dealing with the media! Join us!  

Bank Security Seminar
Wednesday, June 27, 2018
Brookdale Community College, Lincroft
Who Should Attend? A one-day continuing education security seminar for anyone with responsibilities in bank security, risk management, bank operations or administration, legal counsel and fraud prevention. 
Your day will include the following topics:
• National Security Update
• Robbery Training for Front Line Staff
• The Four L's of Physical Security
• Securing the Future
• Call Center Security: Dialing for Dollars

 
Board and Management Summit Keeps Directors Abreast of Industry Developments

                                  


Friday, March 9, 2018
Renaissance Woodbridge Hotel, Iselin, NJ
4 CPE and CLE CREDITS WILL APPLY
Bank Boards are under immense regulatory, economic and competitive pressures. The Board and Management Summit provides broad exposure to pressing issues and challenges facing Boards today. The Summit is a component of the Director Certification Program, a partnership between NJBankers and FinPro, which features a year-long series of educational opportunities where Directors earn credits necessary to satisfy regulators and keep everyone current with areas that affect their banks. The Certification Program components consist of in-person conferences including the Summit; web-based training; new board member training and customized training.

Whether a seasoned director or new to the responsibility, directors will emerge with a better understanding and tools to provide active, informed, prudent and independent guidance to bank leadership.

Click here for more information on the Summit

For information on Full Certification Program Click here

 
Join FMS NY/NJ for Casino Night

Thursday, March 15, 2018
The Brownstone - Paterson, NJ

This year the Financial Managers Society’s New York / New Jersey Chapter will forgo its March 2018 Mini- and Dinner Session and instead will be holding a special evening.  They are proud to announce their 1st ever “Charity Casino Night” fundraiser on March 15, 2018.  This event will raise funds to benefit the “Lupus Foundation of America Northeast Region” and the “Lupus Foundation of America New Jersey Chapter”. Read more

 
Check Out Endorsed Service Provider PMC's Winter/Spring 2018 Seminar(s)

Go for the gold with the Best IRA Training Value in America!  Announcing PMC’s Winter/Spring 2018 IRA Seminar tour.  As an endorsed service provider of NJBankers, PMC’s acclaimed staff will be conducting two day IRA training workshops in 14 convenient locations; in particular, Vineland and Cranford, NJ.

Note: All current members of NJBankers registered for one or two days of solid IRA & HSA training from PMC will receive 10% discount off of their low registration fee.

For more information and to register, simply visit:
Click here or call PMC at 800-233-3207. 

 
PMC's 2018 IRA Reference Volumes

No other IRA resources are updated and relied upon as PMC’s 2018 IRA Reference Volumes.  Utilizing PMC’s IRA reference volumes will give you confidence knowing you’re the IRA expert. Check out their three great options, perfect for any individual or team, and know that all current NJbankers members will receive a 10% discount when purchasing the most respected IRA Reference Volumes in America!  Order today: Click here!

 
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
 
Save the Dates for this spring's NJ March for Babies

Each week in NJ, 227 babies are born too soon. As a result, they can face serious health complications, physical and learning disabilities and some will not reach their first birthday.  March for Babies is the number one fundraising event for the March of Dimes that brings walkers, volunteers and sponsors together to celebrate their community. Coworkers, families and friends participate to fight premature birth and give more babies a healthy start. It’s never too soon to begin planning for this initiative. Here’s how you can get involved.

Read More 

 

        

 
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