If this page doesn't display properly in your email, click here. August 22, 2018
New Jersey Bankers Association
No Storm Could Dampen Spirits at the NJBankers Annual Golf Outing

Lightning and thunder couldn’t dampen the spirits and fun had by all at the NJBankers Annual Golf Outing.  In fact, 11 holes were completed and the two times when the siren went off to leave the course, 160 golfers had more time to network… and they did! Golfers enjoyed a barbecue lunch and after the tournament was over, they were treated to a reception of heavy hors d’oeuvres and a buffet dinner. Door prizes rounded out the evening.

A highlight of the evening was the generous contribution of $100,000 to the NJBankers Charitable Foundation by Bankers Cooperative Group (BCG). Rich Siderko, president/CEO of BCG presented a ceremonial check to NJBankers President/CEO John McWeeney, the Foundation’s Chairman. Bob Stillwell, Founder of the Foundation, was on hand to join in.

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NJBankers in the News

Bankers trade office garb for aprons for volunteer work at Eva's Village lunch service
NJBankers headed to Eva’s Village to serve up nourishing food and smiles. Read the coverage article that appeared in the Paterson Press and NorthJersey.com

Industry News

The Federal Home Loan Bank of New York Declares a 6.75% Dividend for the Second Quarter of 2018
The FHLBNY  announced that, on August 16, 2018, your Board of Directors approved a dividend for the second quarter of 2018 of 6.75% (annualized). The dollar amount of the dividend will be approximately $103.6 million. The cash dividend will be distributed to member financial institutions on August 17, 2018.  

Federal Reserve Bank of New York Business Leaders Survey
Activity in the region’s service sector expanded at a solid clip, according to firms responding to the Federal Reserve Bank of New York’s August 2018 Business Leaders Survey. The survey’s headline business activity index held steady at 14.5. The business climate index also was little changed at 13.0, a sign that firms, on balance, regarded the business climate as better than normal.

OCC Updates Bank Accounting Advisory Series
The OCC has issued its annual update of the Bank Accounting Advisory Series which is intended to promote a consistent application of accounting standards among OCC-supervised banks. The latest update incorporates new accounting standards issued by the Financial Accounting Standards Board on topics including hedging and credit losses.

OCC Updates CRA Policies and Procedures Manual
The OCC has updated its policies and procedures manual to clarify its policy and methodology for determining how evidence of discrimination or illegal credit practices will affect a bank’s Community Reinvestment Act rating. The updated version replaces a previous edition of the manual issued in October 2017.

Federal Reserve to offer seven-day term deposits on August 23
On August 23, 2018, the Federal Reserve will conduct a floating-rate offering of term deposits with an early withdrawal feature through its TDF. The Federal Reserve will offer seven-day term deposits with a rate set equal to the sum of the interest rate paid on excess reserves plus a fixed spread of 1 basis point.

Members in the News

Donating with a purpose: Foundations let banks give back to communities
Banks may be known for taking in deposits and creating loans — after all, it's what they do — but some of them also give away money, at least indirectly, to not-for-profit organizations through foundations they establish and fund.

Member News

Lakeland Bank Colleagues Named to Nonprofit Board Positions
Lakeland Bank announced that James Nigro, Chief Risk Officer was named President of the Morris Habitat for Humanity board of directors and Debra Zimmerly, Vice President, was named Chairman of the board of directors for the Housing Partnership.

Northfield Bank Promotes Damien Kane to Senior Vice President
Northfield Bank, announced that Damien Kane has been promoted to Senior Vice President, Director of Marketing.

Peapack-Gladstone Bank Hires Heidi H. Smith, Esq. as a Senior Managing Director, Assistant General Counsel
Peapack-Gladstone Bank announced the appointment of Heidi H. Smith, Esq. as Senior Managing Director, Assistant General Counsel. 

*click headline for details



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 11-12,
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

The Emerging Leaders Rising Star Awards recognize young bankers who make a significant impact on your bank and demonstrate leadership and service characteristics to their peers and/or direct reports, customers and communities.

Let us spotlight their success!
Complete a Nomination Form and submit your nomination (s) by Wednesday, September 26, 2018. A panel of independent judges will review all entries and select the winners who will be contacted on October 19th.

Celebrate Celebrate Celebrate!
All Award Winners will be recognized at an Awards Dinner to be held at the Stone House at Stirling Ridge in Warren, NJ on November 29, 2018. 

Click Here for Nomination Form 

Lakeland Bank Supports NJBankers 2018 Philanthropic Mission with Eva's Workforce Development Program


Lakeland Bank sent seven volunteers to participate in Eva's Workforce Development program supporting NJBankers Philanthropic Mission. Eva’s Workforce Development Program is designed to empower, mentor and prepare clients with the knowledge, confidence, and tools necessary to find and keep a job. This program engages individuals who are in the orientation phase of Eva's Halfway House residential treatment program, preparing them to seek employment – an important step towards successful long-term recovery and stability. NJBankers appreciates all the support, thank you!

Associate Member News

First Federal Savings of Ohio Selects New Partnership with COCC
First Federal Savings, based in Newark, OH, has selected a new partnership with COCC for core banking services. The $220 million bank has decided to convert to COCC due to COCC’s strong focus on client partnership, as well as providing the new technology that will enhance the customer experience while improving operational efficiencies. 

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

Monday-Tuesday, September 24-25, 2018
Borgata Hotel Casino & Spa, Atlantic City
Register Today!!

NJBankers room block at the Borgata Hotel & Casino closes on Friday, August 24, 2018. Reservations made after this date are subject to hotel availability and rates.
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:

Register for the Golf Tournament and play on Ron Jaworski's course Blue Heron Pines prior to the start of the Senior Management Conference! Any questions on the new conference format, please direct them to jfurino@njbankers.com

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

Regulatory Visit to DC
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.

NJ Tax Update Webinar
September 13, 2018 - 12:00 p.m. - 1:00 p.m.
In this highly interactive web seminar hosted by Crowe you will learn about the current and retroactive applicability of these tax law changes, as well as the changes that take effect in 2019.

Unlocking Your Leadership Style with DISC
Thursday, October 4, 2018
NJBankers Office - Cranford
Effective leadership lies in understanding yourself, understanding others, and realizing the impact of your personal behavior on people around you. The DISC Assessment® has unlocked the door to productive communication and relationships for more than 20 million people worldwide. The DISC Model provides nonjudgmental language for exploring behavioral styles. By using the DISC Profile tool, you will be introduced to a framework for understanding the behaviors of others and how to best utilize these differences in the workplace.

PMC's Fall 2018 IRA Workshops
October 11 -12, 2018 - The Fairfield Inn and Suites, Milville
October 24 - 25, 2018 - NJBankers Office, Cranford
November 5 - 6, 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 in terms you can readily understand.

Success Through Effective Practices of Supervision (STEPS)
Session 1: Tuesday, October 16, 2018 - NJBankers Office, Cranford
Session 2:  Wednesday, October 17, 2018 - NJBankers Office, Cranford
The STEPS two-day certification program* will equip both new and experienced Head Tellers/Teller Supervisors and First Line Supervisors with the practical skills necessary to support your bank’s  goals and have immediate impact back on the job!

Enterprise Risk Management Conference
Wednesday, October 17, 2018
The Berkeley Oceanfront Hotel - Asbury Park
Managing risk while protecting your bank’s value is more important than ever. The NJBankers Enterprise Risk Management Conference identifies and addresses emerging concerns so ERM professionals can identify and improve capabilities to respond to potential problems. This year’s Conference addresses key risk components that may interfere with your institution’s operations and objectives and offers solutions for creating and renewing your plan of action.

FDIC Directors College
Thursday, October 18, 2018
Pines Manor, Edison, NJ
What do regulators have to say about prudent governance? What about cybersecurity oversight? Community bank directors have been guiding banks for years but there are new issues. FDIC Directors College will examine these and additional topics of importance to bank directors. Learn about BSA/AML expectations, CRA and Fair Lending as well.

2018 Delaware Trust Conference
October 24th & 25th, 2018
Chase Center on the Riverfront
Wilmington, DE
*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. 

Board and Officer Training in conjunction with FinPro

Join these training webinars and have your Board and Officers exposed to valuable learning based on the challenges and opportunities faced by today's institutions.

Talent Management
Thursday, August 23, 2018 - 11:00 a.m. EDT

CRA/Fair Lending
Thursday, September 27, 2018 - 11:00 a.m. EDT

Leadership and Culture
Thursday, October 11, 2018 - 11:00 a.m. EDT

Know Your Bank's Value
Thursday, October 25, 2018 - 11:00 a.m. EDT

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.

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2018 FinTech Conference
Register for the NJ Tech Council's annual FinTech Conference on September 12th at JPMorgan in Jersey City. This year's event will feature the 'Godfather of Fintech,' Ron Suber and several panels to update you and your colleagues on the latest trends in payments, lending and investing technologies and disruptions.

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"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.  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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