If this page doesn't display properly in your email, click here. June 6, 2018
New Jersey Bankers Association
NJBankers and Edward J. Bloustein School of Planning & Public Policy, Rutgers University, Release Results of Eighth Annual Economic Survey

NJBankers, and the Edward J. Bloustein School of Planning and Public Policy at Rutgers University have released the results of the eighth annual NJBankers Economic Survey of Bank CEOs. The survey, sponsored by FinPro,  inquired about national and state current economic assessments as well as six-month projections; expectations about home values; residential loan demand; commercial real estate and business loan demand and accommodating millennial employees.

The survey panel included all 92 NJBankers members. Sixty seven members completed the survey for a response rate of 72.8%, considered a very good response. Click here for a copy of the report.

A webinar held at the School presented the results and featured a panel with Tom Shara, NJBankers Second Vice Chairman, President/CEO Lakeland Bank; Don Musso, president/CEO, FinPro, and John McWeeney, Jr., NJBankers president/CEO. University Professor and Dean Emeritus of the School, Dr. James Hughes moderated the panel discussion. Click here to listen to the Webinar.

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Congratulations STEM Graduates

STEM (Success Through Effective Management)  is  a three-day program designed for Assistant Branch Managers, Branch Managers, and Department Managers. The program focuses on Management Fundamentals, Coaching for Success and Planning & Conducting Effective Performance Evaluations. A module of the NJBankers Leadership Academy, STEM graduates are provided with the essentials for moving their careers forward, advancing their banks goals and advocating for the banking industry.  Congratulations to all!

NJBankers in the News

Community banks, credit unions agree: Dodd-Frank changes are great news
Let’s be clear, a number of New Jersey bank officials and association heads said: The recent overhaul of financial industry regulations that sped through Congress and was signed into law by President Donald Trump on May 24 was not a repeal of the Dodd-Frank Act, the set of rules introduced following the financial crisis a decade ago.

NJBankers applauds Dodd-Frank rollback, despite critics
The partial rollback of the Dodd-Frank regulations should stimulate economic growth in New Jersey by loosening rules on lending, according to banking industry officials.

House rolls back Dodd-Frank regulations
Critics of Dodd-Frank have been working to roll back the regulations since it passed in 2010. The law was put in place following the economic collapse of 2008 when big banks went belly up, markets collapsed, and millions of homeowners fell into foreclosure and lost savings.

*click headline for details

NJBankers Welcomes New Members

NJBankers is pleased to announce that the following firms have joined the Association.  These firms recognize the value of membership in NJBankers and we applaud their support of the New Jersey banking industry.

Schueller Insurance & Financial Group
BBVA Compass



Commercial Real Estate Conference
June 7, 2018

Women in Banking Conference
June 13, 2018

Employment Law Update Seminar
June 18, 2018

2018 Compliance University
June 20-22, 2018

Bank Security Seminar
June 27, 2018

See njbankers.com for details.

Other Industry Meetings
View Other Meetings
Mark Your Calendar
View Upcoming Events
Industry News

Beige Book: Economic Expansion Continues
Economic activity expanded moderately in late April and early May with few shifts in the pattern of growth. In banking, demand for loans ticked higher and banks reported that increased competition had led to higher deposit rates.

Jelena McWilliams Takes Office as FDIC Chairman
Jelena McWilliams was sworn in as chairman of the FDIC yesterday, replacing outgoing chairman Martin Gruenberg, who will remain on the FDIC board until his term expires later this year. McWilliams was confirmed by the Senate late last month.

Agencies ask for public comment on proposal to simplify and tailor "Volcker rule"
Five federal financial regulatory agencies have announced that they are jointly asking for public comment on a proposal that would simplify and tailor compliance requirements relating to the "Volcker rule." By statute, the Volcker rule generally restricts banking entities from engaging in prohibited proprietary trading and from owning or controlling hedge funds or private equity funds.

*click headline for details

Member News

Linda Fisher Appointed to First Vice President/Residential Mortgage Lending Manager  at Atlantic Stewardship Bank
Paul Van Ostenbridge, President and Chief Executive Officer of Atlantic Stewardship Bank, announced the appointment of Linda Fisher to First Vice President/Residential Mortgage Lending Manager of ASB’s Mortgage Department.

Investors Bank originates more than $300M in CRE loans
Short Hills-based Investors Bank Commercial Real Estate Lending Group recently originated 15 financing transactions valued at $308.3 million for a range of buildings.

Freedom Bank Hires Diane Scriveri, Executive Vice President and Chief Lending Officer
Freedom Bank, headquartered in Maywood, announced the hire of Diane Scriveri to the position of Executive Vice President and Chief Lending Officer.

Manasquan Bank names new COO
Manasquan Bank in Wall Township has promoted Catherine Franzoni to chief operating officer, a new position.

*click headline for details

Atlantic Stewardship Bank Supports NJBankers 2018 Philanthropic Mission

On May 31st, a volunteer group of ten Atlantic Stewardship Bank employees teamed up with NJBankers 2018 Philanthropic Mission to support Eva's Village which helps feed poor and homeless individuals within the greater Paterson area.

Pictured L to R: Tim Shaffer, Tim Zaloum, David Tepper, John Willis, Jeff Halverstadt, Paul Van Ostenbridge, JoAnn Avella, Teri McCarthy-Surless, Marie Tramontana and Judy Keyes

If you have not done so already, please support our efforts! Contact Erin Suckiel at esuckiel@njbankers.com or at (908) 272-8500 x629 to get involved and secure your date as soon as possible.

Associate Member News

The FHLBNY Declares a 6.50% Dividend for the First Quarter of 2018
The Federal Home Loan Bank of New York ("FHLBNY") announced that, on May 24, 2018, its Board of Directors approved a dividend for the first quarter of 2018 of 6.50% (annualized).  The dollar amount of the dividend will be approximately $105.3 million.  The cash dividend was distributed to member financial institutions on May 25, 2018.

Riker Danzig Co-Chair Kelly Crawford Honored by Executive Women of New Jersey as One of NJ’s Most Influential Women
Morristown-based law firm Riker Danzig Scherer Hyland & Perretti LLP announced that Executive Women of New Jersey (EWNJ) honored Kelly Strange Crawford, Co-Chair of Riker Danzig, alongside 31 of New Jersey’s most influential and accomplished women leaders. Crawford was recognized for her trailblazing professional achievements and her efforts towards advancing women’s leadership. 

Rashaad Bajwa Joins NJBIA Board
As the New Jersey Business & Industry Association (NJBIA) celebrates its 108th anniversary, it invites a small number of elite business men and women to become members of its Board of Trustees. Rashaad Bajwa, the founder and CEO of Domain Computer Services, InternIT, and BizRatings.com, has been invited to join the Board in 2018.

*click headline for details

2018 NJBankers/Crowe LLP Bank Compensation and Benefits Survey
Exclusive Offer on 2018 Bank Compensation Survey - Participate Now

For more than 30 years, Crowe LLP has conducted a comprehensive annual survey of compensation-related practices in the banking industry. This year, the survey report will provide salary and bonus benchmarks for 263 positions as well as information on benefits, incentives, director compensation, succession planning, and human resource practices. It will also allow you to benchmark your bank’s compensation practices against those of other similar banks.

The survey results can help you address questions such as:
Are our employees being paid competitively?
What are banks planning for salary increases?
Is our executive compensation package competitive?
How do our director fees compare to others?
What can we do to control the costs of benefits?
How do our human resource programs compare with those of other banks?
In addition, by participating in the survey, you will receive access to exclusive thought leadership and a substantial discount off the retail price of the survey report.*

* You must complete the entire survey to be eligible for the report discount.

** If you have not downloaded the template yet, please contact: Claire Anello at 
canello@njbankers.com for a copy of the template.

NJBankers Leadership Academy

The New Jersey Bankers Leadership Academy is an opportunity to learn the skills for moving the bank into the future and ultimately support advocating for the banking industry.

Directors Training Web Seminars
The Webinar Package in conjunction with FinPro 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. 

**Please Note:
FINTECH - FRIEND OR FOE? Webinar - New Date: Thursday, June 21, 2018, 11:00 a.m.

*click headline for details 

Women in Banking Conference

Wednesday, June 13, 2018
The Palace at Somerset Park
333 Davidson Avenue Somerset

Are you missing out?
The Women in Banking Conference is just around the corner and you don’t want to miss this year’s event!  Our speakers are top-notch (we think they’re amazing) with messages that will resonate if you want to learn, lead and be inspired!

Still undecided?
Take a look at this short video of Morris Morrison, our Keynote, who gets to the heart of what’s in store at the Conference!

Wasn’t he cool? And there’s more!
So sign up today while there’s still time.  And if you already signed up, bring your colleagues to experience this enlightening program. There’s room for all to gain knowledge, power and mentorship. Be inspired!

Click here to check out the Breakout Sessions & New Speaker added! 

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

Employment Law Update Seminar
Monday, June 18, 2018 - NJBankers Office
Cranford, NJ 07016
Paid Sick Leave, Equal Pay and a New Task Force on Employee Misclassification – A discussion about these new laws and what employees need to do now. With the election of Governor Murphy a series of new laws have been enacted that directly impact employers and employees, including mandatory paid sick leave and equal pay. 

2018 Compliance University
Wednesday - Friday, June 20-22, 2018
Brookdale Community College
Warner Student Life Center - Lincroft, NJ
It's your job to ensure that your bank fully complies with its outside regulatory requirements and internal policies so you must monitor new developments in regulations and keep everyone at your bank apprised of recent developments. The best place to get the latest information from experts? NJBankers of course! Compliance University is a 3-day intensive look at what you need to know to keep your bank compliant.

Bank Security Seminar
Wednesday, June 27, 2018
Brookdale Community College, Lincroft
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 and Call Center Security: Dialing for Dollars.

2018 Bank Trainers Conference

June 26-28, 2018
ChampionsGate – Orlando, Florida

The CBA is pleased to announce that they have joined the Bank Trainers Conference as an Event Partner.  The 2018 Conference is being hosted by the Center for Financial Training and Total Training Solutions.

The Bank Trainers Conference (BankTrainers.com) is designed for employees of financial institutions who are involved in training within their organization. 

This conference is action packed with two days of several sessions and more being added every day!  The program includes 2 pre-conference workshops, 13 confirmed speakers (with more coming), more than 30 training sessions, 3 learning tracks and networking with over 150 of your peers!  To view the entire schedule, visit http://banktrainers.com/agenda/.

To register, click here Select “State Association/League - Enter Referral Code Below” in the “How Did You Hear About This Conference?” section.  Type “NJBA” in the “Referral Code” box.

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, 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!



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