If this page doesn't display properly in your email, click here. October 31, 2018
New Jersey Bankers Association
NJBankers Rising Star Award Winners

The NJBankers Emerging Leaders Rising Star Awards recognize young bankers under 40 who make a significant impact on their bank and demonstrate leadership and service characteristics to their peers and/or direct reports, customers and communities.

We asked Members to nominate [a] Rising Star[s] of their bank. Nominees were then scored on exemplary leadership characteristics. The selection process considered indications of the Rising Star’s confidence, self-motivation, commitment, engagement, communication skills, decision-making capabilities, delegation efficiency, and attention to community service in their decisions. In addition, the nominees show promise for making contributions toward advocating for the Garden State banking industry. 

NJBankers received thirty eight nominations. A panel of independent judges reviewed all entries and selected the winners.

The recipients of the first NJBankers Emerging Leaders Rising Stars of the Garden State banking industry are:
Drew Bergstresser
VP/Asset Liability Management Manager Peapack-Gladstone Bank
Collin Bliss
Assistant Vice President, Financial Analyst Valley National Bank
Max Custer
Vice President / Commercial Lending Officer   Lakeland Bank
Kimberly Doll
Senior Vice President  Bank of America
Earl Jornadal
Vice President/Information Technology Auditor Kearny Bank
Frank Lankey
Community Relations Specialist Magyar Bank
Delphine Marini
A.T./Sr. Staff Accountant Unity Bank
Katie Meyers
Internal Communications and Branding Champion Manasquan Bank
Anthony Niciejewski
AVP, Business Development Officer Spencer Savings Bank
Kristen Patterson
AVP Corporate Trainer ConnectOne Bank
Patrick Prienzo
VP Process Improvement   ConnectOne Bank
Mayra Rinaldi
SVP - Corporate Governance  Columbia Bank
Christopher  Rozewski
VP / Head of Data and Analytics Peapack-Gladstone Bank
Sheryl Shara
EFT Manager Investors Bank
Erin Suckiel
Program Coordinator NJBankers
Robert Surovich
Vice President / Commercial Lending Officer Lakeland Bank

Congratulations to all and congratulations our own Erin Suckiel who was chosen as one of the Rising Stars as well!

We thank our panel of judges who took the time to help NJBankers recognize these Rising Stars. Judges included:
Tom Bergeron
Editor, ROI-NJ;
Roseann Casiere
President/Owner, RMC Consulting Group;
Keith German
Community Reinvestment Officer/Community Development Lender, Fulton Bank of New Jersey;
William Nowik
Principal, Wolf & Company; and
Dr. Cynthia Rowan
President, Performance Management Solutions.

All Emerging Leader Rising Star Award winners will be recognized at an Awards Dinner at the Stone House at Stirling Ridge in Warren, NJ on November 29, 2018 along with their Nominators, Managing Officers, colleagues, friends and family. For any questions regarding the event, contact Jessica Furino, NJBankers VP/ Manager of Member Experiences at jfurino@njbankers.com. To register, click below invitation.


Click here to Register! 



CFT-Commercial Lending School
November 2, 2018

Bank Secrecy Act Conference
November 14-15, 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
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Mark Your Calendar
View Upcoming Events
NJBankers Refreshed Marketing Conference a Hit

The NJBankers Marketing Conference was refreshed and reinvigorated this year and featured a new venue and format. Rather than multiple speakers, Eric Keiles, CMO of Square 2 Marketing and a leading sales and marketing strategist, focused on pioneering a new marketing methodology.   He helped coin the concept Reality Marketing™ to describe how businesses can utilize cost effective inbound marketing tactics to achieve dramatic revenue growth. The half-day seminar was held at Kean University and featured wall to wall windows for a spectacular view. One attendee even noted that the venue was energizing!

NJBankers News

NJBankers Supports Relief Efforts in North Carolina and Puerto Rico
With the assistance of the Puerto Rico Bankers Association the NJBankers Charitable Foundation has sent $5,000 checks to Fundación Azriel and Institución de Niños Andrés to assist in their ongoing recovery efforts from Hurricane Maria. We also made a $10,000 donation to the North Carolina Bankers Association Charitable Foundation to assist recovery efforts for Hurricane Florence. These donations were made on behalf of all of you, our members, thanks to your ongoing support of our programs.

Industry News

CFPB Remittance Rule Led to Additional Compliance Costs, Delayed Transfers
The Consumer Financial Protection Bureau’s rule on remittance transfers has resulted in initial compliance costs for remittance transfer providers of $86-92 million and ongoing compliance costs of $19-102 million per year, according to the bureau’s five-year assessment of the rule.

CFPB to Extend Compliance Date and Revisit Small-Dollar Loan Rule
The Consumer Financial Protection Bureau expects to extend the compliance date and revisit certain provisions of its small-dollar lending rule. The agency said that it expects to issue proposed rules in Jan. 2019 addressing both the compliance date and the ability-to-repay provisions of the rule.

DOL Proposes Rule to Help Small Businesses Offer Retirement

A proposal from the Department of Labor would allow small businesses to band together to offer 401(k) plans to employees like those offered by larger companies.

New Credit Score Unveiled Drawing on Bank Account Data
Experian, FICO and Finicity have announced a new credit score called the UltraFICO score as part of a bid to ensure that creditworthiness is better reflected through credit scoring. The UltraFICO score draws on consumer contributed data such as information from checking and savings accounts that reflects responsible financial management. The score will launch in early 2019 as a pilot.

FDIC: Share of ‘Unbanked’ Continues Downward Trend
The share of U.S. households that are unbanked continued falling in 2017, reaching 6.5 percent, according to the FDIC’s biennial survey of unbanked and underbanked households. Representing the lowest rate yet recorded by the FDIC survey, the drop is attributed to improvements in the socioeconomic circumstances of U.S. households. However, the survey also found that 75 percent of unbanked households are “not very likely” or “not at all likely” to open a bank account in the next year -- up from 62.1 percent in 2013. 

Federal Reserve Bank of New York Business Leaders Survey
Activity in the region’s service sector grew modestly, according to firms responding to the Federal Reserve Bank of New York’s October 2018 Business Leaders Survey. After reaching its highest level in more than a decade, the survey’s headline business activity index fell thirteen points to 9.4. The business climate index edged down a point from last month’s record high to 22.2, a sign that firms, on balance, regarded the business climate as better than normal.

Lender’s Violation of Fair Foreclosure Act May Support a Claim under the New Jersey Truth-In-Consumer Contract Warranty and Notice Act
On October 4, 2018, the Superior Court of New Jersey, Appellate Division issued an opinion which has been approved for publication in Wright v. Bank of America, N.A., et al., holding that a technical violation of the Fair Foreclosure Act (FFA) in a notice of intention to foreclose (NOI) may serve as a basis for liability under New Jersey’s Truth-in-Consumer Contract Warranty and Notice Act (TCCWNA).

Beige Book: Economic Activity Expands at Modest to Moderate Pace
The economy continued to grow across the Federal Reserve districts at a modest to moderate pace according to the Federal Reserve in its seventh Beige Book release of 2018. Consumer spending grew at a modest pace across all districts. Reports on commercial and residential real estate were mixed, though several districts noted rising home prices and low levels of inventory. 

Member News

Tourette Association of America to Honor Domenick A. Cama at its Annual Gala on November 15
Tourette Association of America (TAA), the premier national non-profit organization serving the Tourette Syndrome (TS) and Tic Disorder community, today announced that Domenick A. Cama, President and Chief Operating Officer of Investors Bancorp and Investors Bank, will be honored at the organization’s annual Gala on Thursday, November 15 at CAPITALE in the Bowery.

Two River Chairman Patock resigns

Frank Patock Jr., chairman of the board of Two River Bancorp, the parent company of Two River Community Bank, has resigned his position for personal reasons

Lakeland Bank Appoints Leonard van Dam to FSVP Position
Leonard van Dam has been hired as First Senior Vice President, Group Leader of Commercial Lending based in Teaneck. He will be responsible for the Hudson Valley, Teaneck, Asset Based Lending and Equipment Finance Commercial Lending teams.

Amboy Bank announces promotions in leadership roles
George E. Scharpf, Amboy Bank Chairman, President and CEO, recently announced the promotions of two officers. Those promoted include Gregory Scharpf, Executive Vice President and Chief Operating Officer, and Robert Beni, Senior Vice President and Senior Commercial Real Estate Officer.

Dominic J. Sedicino is promoted to Senior Vice President, Director of Retail Banking at Peapack-Gladstone Bank
Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank announce the promotion of Dominic J. Sedicino to Senior Vice President, Director of Retail Banking at Peapack-Gladstone Bank.  A results-driven professional, Mr. Sedicino is responsible for oversight of all branch-based activities, generation of revenue through branch operations and training, guidance of the Bank’s community private bankers and financial advisors, and enhancement of the client experience in each of these areas.

Columbia Financial, Inc. Announces Third Quarter Earnings
Columbia Financial, Inc. (the “Company”) (NASDAQ: CLBK) reported net income of $10.8 million, or $0.10 per basic and diluted share, for the three months ended September 30, 2018, compared to net income of $1.5 million for the three months ended September 30, 2017. The September 30, 2018 quarterly earnings reflect increased tax expense of $2.2 million as a result of the changes in the New Jersey corporate business tax signed into law on July 1, 2018 (Assembly Bill 4202). The September 30, 2017 quarterly earnings reflected $3.3 million of cash contributions to the Columbia Bank Foundation.

*click headline for details

Amboy Bank, Haven Savings Bank and Roselle Bank Employees Partner with NJBankers and Volunteer at Eva's Village

Through an initiative of the New Jersey Bankers Association, employees of Amboy Bank, Haven Savings Bank and Roselle Bank recently visited Eva’s Village in Paterson, NJ.  While there, they toured the facility, met guests, and volunteered to serve meals and clean the community kitchen.  Eva's Village is a faith-based, nonprofit, comprehensive social services organization whose mission is to provide care and support for people who are struggling with poverty, hunger, homelessness, and addiction.  Amboy Bank, Haven Savings Bank and Roselle Bank are  proud supporters of Eva’s Village. For more information about joining in to support Eva's, contact Erin Suckiel, Program Coordinator at esuckiel@njbankers.com.

Associate Member News

Nineteen Banks Choose Fiserv for New Core Processing Platforms
Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced that within the past nine months nineteen banks have made the decision to move to Fiserv for core account processing including 3 banks in NJ. Each institution will utilize their selected platform as a foundation to further their unique strategies, and many will include integrated digital banking and payment capabilities.

Mechanics Bank Selects COCC’s Innovative Core Solution

Mechanics Bank, based in Mansfield, Ohio, has chosen to partner with COCC for core banking services. The $517 million bank was drawn to COCC particularly for their shared culture of customer orientation and exceptional customer service.

Meet Associate Member Matrix Analytics
Associate Member Matrix Analytics is a data science company that provides custom analytics solutions to the Financial, Retail, and the Healthcare industries. MATRiX ANALYTiCS CORPORATION was incepted with a vision of working tirelessly to be dubbed as a leading custom analytics solution provider. The company boasts decades of experience in meeting the world’s toughest challenges and seizing its greatest opportunities in modeling & analytics, optimization and Artificial Intelligence, especially in the payment and card space. Learn more about the company’s solutions.

Alan J. Kaplan is Named an NACD Board Leadership Fellow
Kaplan Partners, a leading boutique executive search and talent advisory firm, has announced that the National Association of Corporate Directors (NACD) recently recognized Alan J. Kaplan, Founder & CEO, as an NACD Board Leadership Fellow. NACD Fellows stand within the highest echelon of those committed to excellence in the boardroom.

CertiPay and CIANJ Present Most Common & Most Expensive HR Mistakes
Tuesday, November 27, 2018
8:00 a.m. - 10:00 a.m.
County College of Morris, 214 Center Grove Road, Randolph, NJ
Laws, regulations and best practices are constantly evolving around employer-employee relationships. How do you keep up with all the changes? This event is geared to small businesses who do not have in-house Human Resources expertise or for that person who just wants a refresher. Don’t miss an opportunity to hear from an expert and from your peers.
Come and find out where your exposure is, how much it could cost you, and what you should do about it! For questions or sponsorship information, contact Janice Eggert at jeggert@cianj.org or 201-368-2100.

NJMEP Transportation, Logistics and Distribution Summit Workshop
Attract, Develop, and Retain your workforce: addressing workforce and training shortages in TLD
November 8, 2018
8:00 a.m. – 2:00 p.m.
Middlesex County College, 2600 Woodbridge Ave, Parking Lot#1 West Hall, Edison, NJ
This has been a great year for Transportation, Logistics & Distribution Industry. Join us as we discuss the future of the workforce, trends in the industry and what progress has been made through out our engagements with Transportation, Logistics & Distribution business leaders.

RSM Invitation to Complimentary Annual New Jersey Summit
November 15, 2018
APA Hotel Woodbridge, Iselin, NJ
The RSM NJ Summit presents opportunities and trends in navigating growth in the Garden State; a critical tax discussion; an accounting update; blockchain and how it affects the industry; and Cyber & ERM with Dr. Jack Hampton, professor of  Business, St. Peter’s University. 4 CPE credits available.

Join Saul Ewing Arnstein & Lehr’s and Co-Sponsor NJBankers for Important Trends and Developments in Consumer Financial Services Litigation and Enforcement
Thursday, November 29
Join Saul Ewing Arnstein & Lehr’s Consumer Financial Services Litigation group and co-sponsor NJBankers for a half-day CLE program on Thursday, November 29 in Philadelphia. The program, “Important Trends and Developments in Consumer Financial Services Litigation and Enforcement,” will examine industry themes, potential risks, and recent state and federal enforcement actions through a series of panel discussions. 

Bank Secrecy Act Conference

November 14-15, 2018
Sheraton Edison Hotel Raritan Center, Edison

Education is a core requirement of a bank's satisfactory BSA/AML compliance program. An effective Professional Development opportunity provides a clear understanding of BSA/AML execution and keeps you up-to-date with regulatory requirements. It also shows regulators that you and your staff know your stuff! The BSA Conference presents information for BSA Officers- both new and seasoned- with two days of guidance. 

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

CFO Conference w/FMS, NY/NJ
November 27, 2018
9:00 a.m. – 2:00 p.m.
2 CPE Credits will apply
The Berkeley Oceanfront Hotel
Asbury Park, NJ
Today’s CFO is responsible for much more than analyzing the company's financial strengths, weaknesses and driving cost efficiencies. CFOs are being asked to have a deeper understanding of strategy and identify growth opportunities. Unlike national conferences, the NJBankers CFO Conference delivers the latest information to bank CFOs in the Garden State.Don’t miss the panel of community bank peers discussing topics you need to know. Join in the discussion.

Did you Know?

South Jersey Bankers Association November Meeting - Private Sector Lessons Learned from Hurricane Maria - How FEMA's Experience Could Benefit Your Bank

November 15, 2018
Cocktails start at 5:15 PM, Speaker at 6:30 PM, Dinner served at 7:15 PM
Merion Caterers – 1901 Route 130 South, Cinnaminson NJ

The South Jersey Bankers Association invites you to join our November Dinner Meeting.  Our speaker will be Devin Kerins, the Individual and Company Preparedness Officer for FEMA Region II.  Mr. Kerins topic of discussion will be “Private Sector Lessons Learned from Hurricane Maria:  How FEMA’s Experience Could Benefit Your Bank.”  Price per person is $59.00.  Reservations due by November 8, 2018.  For additional information or to make a reservation, contact Frank Rieder at frankrieder123@gmail.com.

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Eva's Village Annual Visions of Hope Gala

On Thursday, November 1, Eva’s Village will host its annual Visions of Hope Gala at The Grove in Cedar Grove, NJ. This year’s event will celebrate “Families Recovering Hope,” as Eva’s commemorates the 10th anniversary of the opening of their Hope Residence for Mothers with Children. This unique program provides families struggling with homelessness and addiction with a safe haven, care and support as they heal together. Tables, tickets and ads can be reserved online at www.evasvillage.org/gala or by calling (973) 523-6220 x235.

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PMC's Fall 2018 IRA Workshops

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. 

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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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