If this page doesn't display properly in your email, click here. July 25, 2018
New Jersey Bankers Association
NJBankers Welcomes Jessica Furino

Jessica Furino has joined NJBankers as Vice President and Manager of Member Experiences. Jessica is a seasoned event planner who will be responsible for NJBankers professional development opportunities. She will be the liaison for the NJBankers Leadership Academy and is also tasked to explore and spearhead new initiatives including the Young Bankers Division designed to enhance member experience and engagement.  

Jessica’s experience includes having worked in the Development Department of The Salvation Army’s Executive Headquarters in Manhattan.  She continued to pursue her passion for event planning and joined The 92nd Street Y as their Special Events Associate, then as Meeting Planning Specialist for Hadassah.  Most recently, Jessica was responsible for planning large scale events across North America as the Director of Events for the Women Presidents’ Organization. 

She graduated from Lehigh University with a BA in English and Religion Studies.  While at Lehigh, she helped plan campus wide events as a member of the Association of Student Alumni.

Jessica currently serves as a Leader for the Lehigh University Club of New York City, as well as The Friends Academy Alumni Committee.  She can be reached at jfurino@njbankers.com or extension 641.

Please help us welcome Jessica to NJBankers!

Industry News

Federal Reserve Bank of New York Empire State Manufacturing Survey
Business activity continued to grow at a fairly brisk pace in New York State, according to firms responding to the July 2018 Empire State Manufacturing Survey. The headline general business conditions index edged down by over two points to 22.6—still a high level, suggesting a continuation of robust growth.  

Federal Reserve Bank of New York Business Leaders Survey
Growth in the region’s service sector moderated somewhat but was still fairly brisk, according to firms responding to the Federal Reserve Bank of New York’s July 2018 Business Leaders Survey. The survey’s headline business activity index retreated seven points to 14.8, after reaching its highest level in more than a decade in June.

OCC Updates Comptroller’s Handbook Booklet on Capital, Dividends
The OCC has published a revised version of the “Capital and Dividends” booklet of the Comptroller’s Handbook. The revised booklet presents the regulatory framework and discusses the regulatory capital rules that define regulatory capital and establish minimum capital standards. It also provides guidance to examiners for assessing banks’ capital adequacy and compliance with capital and dividend regulations.

FDIC Issues FIL-40-2018  Regarding Call Reports
Burden-reducing revisions to all three versions of the Consolidated Reports of Condition and Income (Call Report) are taking effect as of the June 30, 2018, report date. These revisions result from efforts by the federal banking agencies to reduce data reporting and other burdens for institutions, particularly small institutions. The Call Report for second quarter 2018 must be submitted to the banking agencies' Central Data Repository (CDR) by Monday, July 30, 2018.

Fictitious Notification Regarding the Release of Funds Supposedly Under the Control of the OCC
Consumers have reported receiving fictitious e-mail messages, allegedly initiated by the Office of the Comptroller of the Currency (OCC), regarding funds purportedly under the control of the OCC.

Member News

Provident Bank to Raise Wages, Expand Employee Benefits
Building on its commitment to its employees, Provident Bank, announced significant wage and benefit enhancements designed to assist employees and make the bank more competitive in the tight labor market. 

RSI Bank launches new lending program for small businesses
RSI Bank in Rahway is offering a new, expedited loan program for small businesses to obtain as much as $100,000.

New Director Joins Century Savings Bank
Century Savings Bank is pleased to announce that Paul J. Ritter III has joined the bank’s esteemed Board of Directors.

Kearny Bank hires chief banking officer
Fairfield-based Kearny Bank has hired Anthony Bilotta as chief banking officer, a new position.

TD Bank now has 200 stores LEED-certified in the U.S.
Cherry Hill-based TD Bank announced Wednesday that 200 of its stores in the U.S. have been LEED-certified by the U.S. Green Building Council.

Boiling Springs Savings Bank Sees Robust Second Quarter Donations for Community Alliance Program
Boiling Springs Savings Bank announced its second quarter 2018 results for its award-winning, philanthropic Community Alliance Program (CAP).

Wells Fargo gives $100K neighborhood planning grant for Lincoln Park in Newark
Lincoln Park Coast Cultural District, partnered with Community Asset Preservation Corp., announced it has received a $100,000 neighborhood planning grant from Wells Fargo.

Jennie Piperi promoted to Executive Vice President/Chief Operating Officer at Metuchen Savings Bank
Metuchen Savings Bank announced that Jennie Piperi has been promoted to the newly created position of Executive Vice President and Chief Operating Officer.

TD Bank forms partnership for business valuation services
Cherry Hill-based TD Bank has formed a partnership with data analysis firm BizEquity to offer TD Bank’s clients free business valuation services via a digital platform.

Boiling Springs Savings Bank Announces Executive Vice President Roles
Boiling Springs Savings Bank announced the promotions of Acela Roselle and Elyse Beidner, both to Executive Vice President roles.

*click headline for details



Annual Summer Golf Outing and Networking Reception
August 14, 2018

Regulatory Visit to Washington, DC
September 5-6, 2018

Senior Management Conference
September 24-25, 2018

Enterprise Risk Management Conference
October 17, 2018

FDIC Directors College
October 18, 2018

2018 Advanced IRA with PMC
October 24-25, 2018
and November 5-6, 2018

CFT-Commercial Lending School
November 2, 2018

CFO Conference W/FMS, NY/NJ
November 27, 2018

Economic Leadership Forum
January 18, 2019

115th Annual Conference
 May 1-5, 2019

See njbankers.com for details.

Other Industry Meetings
View Other Meetings
Mark Your Calendar
View Upcoming Events
Valley National Bank Supports NJBankers 2018 Philanthropic Mission

This month nine Valley associates volunteered to serve lunch at Eva’s Community Kitchen in Paterson, New Jersey also in partnership with the New Jersey Bankers Association Philanthropy Program. On September 6th another group of Valley associates will head back to Eva’s Village to serve as mock interviewers in support of Eva’s Workforce Development, Education and Job Training programs.

In Memoriam

With great sadness, we report the passing of Roman T. Gumina, chairman and CEO of Brunswick Bank & Trust, age 58 years, who passed away on Thursday, July 5, 2018, in Cabo San Lucas, Mexico. We are also saddened to report that Michael Kepich, Director of United Roosevelt Savings Bank for the past 47 years and Chairman of the Board of Directors since 2002, age 91 years, passed away on Thursday, July 19, 2018 at Raritan Bay Medical Center in Perth Amboy.

Associate Member News

McCarter & English launching pro bono program to help Newark residents
NJBankers Associate Member McCarter & English has found a new way to reinforce its commitment to its hometown of Newark. The firm has established a pro bono fellowship aimed at helping city residents cope with legal issues. The full-time, one-year renewable fellowship would see an attorney come on board in the fall, initially working on behalf of tenants facing eviction.

ARC Risk and Compliance Beneficial Ownership Requirements Survey Results Are In!
In this survey, presented by Associate Member ARC Risk and Compliance, they explore what institutions are doing to bring themselves up to speed to comply with the  established FinCEN CDD (Beneficial Ownership) rule.

Zero-In Team Making a Difference
Zero-In staffers in the NY and NJ offices have had a busy summer so far! From bench painting in Madison Square Park, to house painting with Habitat for Humanity, and running a 5k in Central Park, the team has been getting out into the community and making a difference.

Former Bank CEO Matthew P. Prosseda Joins The Kafafian Group
The Kafafian Group, Inc. announced the hiring of Matthew P. Prosseda as a Managing Director. For the past seven years, Prosseda served as CEO of a Pennsylvania-based community bank. During his tenure, the high-performing community bank averaged an ROA of 1.1%, an ROE of 9.8%, and an efficiency ratio of 57%.

*click headline for details 

Regulatory Visit to D.C.
Registration Open to NJBankers Member Banks Only

Wednesday - Thursday, September 5-6, 2018
Washington, DC

There’s empathy and movement in Washington regarding the regulatory burden on banks and the ability to address the needs of consumers and businesses in the communities they serve. Success on the regulatory front depends on action and NJBankers is providing the opportunity to be heard.  Your participation is vital so join us and connect with regulators.

NOTE:  NJBankers has been informed of some issues while making reservations with The Mayflower Hotel.  To access our room block, members are asked to use the following link to register online at https://book.passkey.com/e/49613393 or Call Central Booking Reservations at  877-212-5752.    Please note when CALLING to say you are with NJBankers

Any hotel issues, please contact Jenn Zorn at jzorn@njbankers.com

Register here 

Annual Summer Golf Outing and Networking Reception

Tuesday, August 14, 2018
Fiddler's Elbow Country Club
811 Rattlesnake Bridge Road, Bedminster

The NJBankers Annual Golf Outing will be here before you know it so it’s time to register for a day at a beautiful course, great networking, food and fun. The course architects are renowned and have fused unique features of the local landscape with challenging holes. But there’s more to the Outing than just golf! We know how important it is to network so we’ve designed a day that even if you’re not a golfer, you’ll still want to join us. There’s a great reception (did we say hot hors d'oeuvres and a raw bar to long for?) and a scrumptious buffet dinner where we give out prizes, prizes, prizes! No ties, no heels – just a day of casual gear and casual conversations. Register today and get ready to play!

Read More 

The NJBankers Senior Management Conference has a whole new look and feel!

Monday-Tuesday, September 24-25, 2018
Borgata Hotel Casino & Spa, Atlantic City
SAVE THE DATE - Room Block Open!

Instead of a 3-day program, we’ve reduced the number of days and increased the number of sessions sure to be interesting, educational and timely. We start the Conference on a Monday with break-the-ice activities so you can meet and greet colleagues, service providers and friends. Go fishing on our charter or play golf at the famed Blue Heron Course and then enjoy an evening of feasting and fun.

On Tuesday, we have invited the best and brightest speakers that are sure to provide tools so you can return to your bank the next day armed with practical and useful information.

Draft Schedule
Sunday – NJBankers has a room block for guests wanting to network and host private dinners on Sunday night.

Monday, September 24, 2018

12:00 p.m.                               GOLF TOURNAMENT - Team Shambles (requires advance registration)    
                                                Lunch starting at 11:00 a.m. 
                                                (Shotgun at 12:00 pm.)   
                                                Blue Heron Pines Golf Club, Egg Harbor City
12:00 p.m.        (4:30)              CHARTER FISHING TRIP  Location TBD

5:00 p.m.  –   8:00 p.m.           CONFERENCE REGISTRATION   at the BORGATA          

6:00 p.m.  –   8:00 p.m.           NETWORKING RECEPTION

8:00 p.m.  –  10:00 p.m.          MONDAY NIGHT FOOTBALL HOSPITALITY ROOM                   
Tuesday, September 25, 2018

  7:30 a.m. –  4:00 p.m.          REGISTRATION DESK HOURS                                                    

 8:30 a.m. -   9:30 a.m.           BREAKFAST BUFFET

8:00 a.m.  –   9:30 a.m.          NJBankers BOARD OF DIRECTORS MEETING

9:45 a.m. – 4:00 p.m.             GENERAL SESSION            - TOPICS TO BE ANNOUNCED

                                               2018 Warren Hill Award Presentation                    
                                               John E. McWeeney, Jr., President and CEO
                                               New Jersey Bankers Association

                                                Tracey Echavarria, Vice President, Northfield Bank  and
                                                Tammara Feldman, Loan Servicing Manager, Amboy Bank 

11:50 a.m. –  12:35 p.m.        Luncheon                                                         

12:35 p.m. –  1:35 p.m.          BREAKOUT SESSIONS
1:45 p.m. –  2:45 p.m.            BREAKOUT SESSIONS
2:55 p.m. –  3:55 p.m.            General Session Continues

4:00 p.m.                                              ADJOURNMENT 


Room Rates:       
King Bed Room:    $149.00/per night
State, City & Occupancy Tax:   14%
Resort Fee:   $5.00 per room/per day

Room reservations may be made by calling Borgata Hotel & Casino at: 609-317-1000 and identifying yourself as an attendee of NJBankers Senior Management Conference  Group Code: GBBAN18
Book online: https://book.passkey.com/event/49669051/owner/9863/home

Reservations must be received by August 24, 2018.  Any requests for rooms after that date will be handled on a space-available basis only.

Any questions on the new conference format, please direct them to jzorn@njbankers.com

Federal Reserve Bank of Philadelphia Presents Reinventing Our Communities: Investing in Opportunity

October 1 – 3, 2018
Hilton Baltimore 
How do our local communities and individuals realize the benefits from economic mobility? By putting in place strategies that invest in the opportunities for inclusive economic growth. The 2018 Reinventing Our Communities (ROC) conference will highlight effective models and emerging strategies for investing different forms of capital to enable every individual to contribute to and derive benefit from an expanding economy.

Click here for the Agenda and Registration 

Read More 

2018 Delaware Trust Conference

October 24th & 25th, 2018
Chase Center on the Riverfront
815 Justison St., Wilmington, DE 19801

*PLEASE NOTE: As a courtesy NJBankers Members will receive DE Bankers Member pricing*
The 13th annual edition of this premiere wealth management conference features the tricks you need to treat your clients to all the benefits of Delaware trusts! The Delaware Trust Conference is an ideal opportunity tailored to the needs of: Trust Professionals, Portfolio Managers, Financial Advisors, Attorneys, CPAs, CTFAs, Wealth & Asset Management Services Executives, Executive Trust Officers, Investment Officers, Investment Managers, and Trust Department Managers.

Click here to Register! 

Invest in Tomorrow an education benefit webinar for NJBankers Members

New England College of Business offers 100% online, accredited business courses, certificates and degree programs designed specifically for working professionals.  For over 100 years we have   In this complimentary, 30-minute webinar, you'll learn about the valuable education benefits and resources available to NJBankers members and their immediate family including a 25% tuition reduction, Power of One single course opportunities, complimentary on-boarding courses and more. 
September 18, 2018 – 11am to 11:30am
Click to Register:    https://attendee.gotowebinar.com/register/825476338935684098
September 20, 2018  -- 4pm to 4:30pm
Click to Register:    https://attendee.gotowebinar.com/register/2334546152453600770

For more information, please contact:
Jackie Oblinger, Director, Corporate Partnerships
P:  609.410.6685 *  Jackie.Oblinger@necb.edu

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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