If this page doesn't display properly in your email, click here. November 14, 2018
New Jersey Bankers Association
NJBankers Celebrates Leadership Academy Emerging Leaders Graduation
Photo Don Christensen, Oxford Communications

NJBankers celebrated the graduation of students who completed the NJBankers Leadership Academy, Emerging Leaders program, with a ceremony at the APA Hotel in Woodbridge, NJ. The graduates completed a nine month blended learning program where they were required to attend full day programs, an online program and were required to practically apply newly acquired skills as part of the next learning session. Students completed a “leadership challenge” project to foster their own development, benefit their financial institution, and the banking industry. Congratulations to all!

From L-R - Front: Instructor Dr. Cynthia Rowan, Aleksandr Kotlyar, Northfield Bank; Frank Walka, Lakeland Bank; David DiStefano, First Bank; Angelina Druzetic, Spencer Savings Bank; Brett Miller, Fulton Bank of New Jersey;  Jonathan Scidel, OceanFirst Bank; Michael Giacobello, Investors Bank; Instructors Albert Giobbe and Connie Whitman. Back: Drew Ter Waarbeet, Lakeland Bank; David Ver Hage, Lakeland Bank; Heather Schick, Manasquan Bank; Gloria Dumm, Amboy Bank; Becker Viteri, Unity Bank; Instructor Dr. Susan Mach; Sharon Danielson, OceanFirst Bank; Regina Boukhvalova, Northfield Bank; James Robertson, Two River Community Bank; and Brian Maslowski, Northfield Bank.

Industry News

SBA 7(a) Program Switches Fixed Base Rate from Libor to Prime
With the viability of the London Interbank Offered Rate uncertain beyond the end of 2021, the Small Business Administration is changing the base rate for fixed-rate loans in its popular 7(a) program to the prime rate.

FHFA Announces 2019 Multifamily Lending Caps for Fannie Mae and Freddie Mac
The Federal Housing Finance Agency (FHFA) has announced that the 2019 multifamily lending caps for Fannie Mae and Freddie Mac (the Enterprises) will be $35 billion for each Enterprise, unchanged from the 2018 caps.  The caps are based on FHFA’s projections of the overall size of the 2019 multifamily originations market, which FHFA expects to be relatively flat compared to the market in 2018.  In setting the caps, FHFA also considers multifamily market estimates developed by industry participants and analysts.

Fed to Host Webinar on Fair Lending Hot Topics
The Federal Reserve will host an interagency webinar on Monday, Dec. 3, at 2 p.m. EST, to discuss emerging fair lending issues and hot topics. Presenters from seven agencies will be on hand to discuss a host of topics, including redlining, risk-based assessment, marital status discrimination and disability discrimination.

Fed Bank Supervision Report Illustrates Industry Health
The Federal Reserve has released a report on its regulatory and supervisory activities for banking companies demonstrating the health and soundness of the banking industry. Figures in the report show that industry profitability ratios are at their highest levels since 2007. The report also outlined upcoming supervisory priorities for firms in different Fed supervisory portfolios.

Member News

Japanese Bankers Visit Two River Community Bank

On November 5th, a delegation of bankers from the Tajima Shinkin Bank and the Banshu Shinkin Bank in Japan visited Two River Community Bank to learn more about the banking industry in the U.S.  Leading the conversation (through a translator of course) were NJBankers Chairman William D. Moss, Two River Community Bank Chairman, President and CEO; EVP/COO Anthony A. Mero; EVP/Senior Loan Officer Alan B. Turner; and VP/Controller Vincent N. Tozzi. The delegation asked about the NJ economy, community banking in the U.S. and lending topics. As is said, “Share your smile with the world. It’s a symbol of friendship and peace”.

Atlantic Stewardship Bank Launches New Website
Atlantic Stewardship Bank launched a totally new website complete with a brand new look and feel to create a better user experience.

JPMorgan Chase to invest $1M into Rising Tide Capital to expand nationally
JPMorgan Chase is investing $1 million into New Jersey-based nonprofit Rising Tide Capital for it to expand nationally and share its model of supporting entrepreneurs.

Magyar Bank Chairman Receives Distinguished Citizen Award From Boy Scouts of America
Magyar Bank announced that Tom Lankey, Chairman of the Board of Magyar Bank, and Magyar Bank’s Parent Company, Magyar Bancorp, received the Distinguished Citizen Award from the Boy Scouts of America at their annual gala held recently at the Heldrich Hotel in New Brunswick, New Jersey.

MB Mutual Holding Company Announces Completion of Merger
MB Mutual Holding Company (“MB MHC”), the holding company for MB Bancorp, Inc. (“MB Bancorp”) and Manasquan Bank, has announced that it has completed its previously announced merger of Metuchen, MHC, the holding company for Metuchen Bancorp, Inc. and Metuchen Savings Bank, with and into MB MHC, effective October 31, 2018.

Northfield Bank names new SVP, senior credit officer

Northfield Bank, the wholly-owned subsidiary of Northfield Bancorp Inc., announced that it has named Carmine Abbate its new senior vice president and senior credit officer.

Moran Joins Provident Bank as Executive Vice President, Director of Retail Banking
Provident Bank announced that Josephine Moran of Newtown, Conn. has joined the bank as Executive Vice President and Director of Retail Banking. 

SB One Bancorp Reports A 67% Increase in Net Income And Declared A Cash Dividend
SB One Bancorp (the “Company”) (Nasdaq: SBBX), the holding company for SB One Bank (the “Bank”), reported net income of $3.3 million, or $0.42 per basic share and $0.41 per diluted share, for the quarter ended September 30, 2018, an increase of 67%, as compared to $2.0 million, or $0.33 per basic and diluted share, for the same period last year.  

TD to fund $6M for veterans housing
TD Bank has provided the Affordable Housing and Services Collaborative Inc. and Peabody Properties Inc. a $6 million construction loan for the expansion of a Basking Ridge Veterans Affairs Supportive Housing community for homeless and at-risk veterans.

Two River Community Bank inks V.P., commercial loan officer
Tinton Falls-based Two River Community Bank announced it has added Jeff Halverstadt as vice president and commercial loan officer serving Central and North Jersey.

*click headline for details



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

Tax Law Update
December 12, 2018

2018 Employment Law Update Seminar
December 17, 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
First Hope Bank Employees Partner with NJBankers and Volunteer at Eva's Village

Through an initiative of the New Jersey Bankers Association, employees of First Hope 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.  First Hope Bank is a proud supporter of Eva’s Village. For more information about joining in to support Eva's, contact Erin Suckiel, Program Coordinator at esuckiel@njbankers.com.

Endorsed Provider News

BITS Joins Forces with ProfitStars to Enhance IP Telephony Outsourcing, Network and Security Solutions for Community Financial Institutions
BITS, a subsidiary of Atlantic Community Bankers Bank (ACBB), is a managed private cloud provider for hosted IP Telephony, Call Center, and WAN services that currently serves more than 100 community financial institutions. BITS announced it has partnered with ProfitStars®. ProfitStars is a division of Jack Henry & Associates, Inc. ® (NASDAQ: JKHY), a leading provider of technology solutions and payment processing services primarily for the financial services industry.

Associate Member News

Fiserv Welcomes Bogota Savings Bank
Fiserv, Inc. a leading global provider of financial services technology solutions announced that Bogota Savings Bank, a $650 million New Jersey--based bank, will move to Fiserv to streamline operations and better serve customers. In reaching its decision, Bogota Savings Bank was especially drawn to the integration between Fiserv core account processing technology and key capabilities such as digital banking and payments, which will facilitate a streamlined user experience for both customers and employees.

Bank Financial Services Group And Meyer Chatfield Group Announce Mutual Combination
The principals of Bank Financial Services Group (BFS Group) and Meyer-Chatfield Group have created a new combined benefit and insurance plan administration and servicing entity, to initially conduct business as BFS-MC Group, and rebrand under a new name in the near future.


115th Annual Conference

NJBankers is proud to announce that the room block at The BroAdmoor is now open and actively taking registrations.

CONFERENCE DATES:  May 1-5, 2019 
• Hotel anticipates being sold out during our stay, guests are encouraged to book ahead of time

Hotel reservations* may be made:
1) By calling the hotel at 1-800-634-7711 (Reference NJBankers for group rate)
NOTE:  Rates cannot be changed at check-in or checkout for guests who fail to identify their affiliation with NJBankers at the time the reservation is made.
2) Online by following this link

Hotel Information
• NJBankers Room Rates – (room categories may be reviewed online at https://www.broadmoor.com/accommodations/ )
o Classic - $299 per night, single or double occupancy for a standard room*   (325 to 450 Sq. Ft.)
o Superior - $339 per night  (375 to 450 Sq. Ft.)
o Junior Suites - $489 (larger rooms in various locations with views of lake, mountain, parlors, sitting rooms or balconies may be included)

Additional Fees: 
o Room Block closes on Wednesday, April 3, 2019.  After Wednesday, April 3, 2019 reservations will be accepted on a space available basis at the group rate
o Room rates are European Plan and exclude lodging, city and state taxes, which presently are 9.63%.   A Public Improvement Fee (PIF) of 2.75% will be assessed to all purchases at THE BROADMOOR
• NJBankers Room Rates will apply 3 days prior and 3 days after the conference, subject to availability
• All rooms must be guaranteed by credit card
• Hotel Cancellation after April 3, 2019, may also incur cancellation penalties  

Click Here for Further Information


Click here to Register! 

Upcoming NJBankers Conferences - 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. 

Tax Law Update
1 CPE/1 CLE will apply
December 12, 2018
NJBankers Office - 411 North Avenue East, Cranford, NJ 07016
Registration & Breakfast: 9:00 a.m.
Program: 9:30 a.m. – 11:00 a.m.

In this seminar, tax practice leader Glenn James will share a thorough explanation of the impact of New Jersey and federal income tax reform upon New Jersey community banks. This seminar will help to guide you in planning and presenting your changed tax position to senior management, analysts and shareholders. Learn the the most recent modifications to New Jersey tax law to keep you up to the minute on the newest issues.

2018 Employment Law Update Seminar
December 17, 2018
NJBankers Office - 411 North Avenue East, Cranford, NJ 07016
Registration & Breakfast: 9:00 a.m.
Program: 9:30 a.m. – 11:30 a.m.
What Employers Need to Do to Comply Newly Enacted Employment Laws Practical Guidance on New Jersey Paid Sick Leave, Equal Pay and More. New Jersey has enacted multiple new laws that directly impact employers and employees including mandatory paid sick leave and equal pay. These laws directly impact employer policies and practices. Understanding what the new laws require is crucial for compliance and migrating risk.nIn this session, employment lawyer Ruth Rauls and employment litigation expert Gillian Cooper will cover:  Mandatory Paid Sick Leave, Equal Pay and Misclassification – Employees versus Independent Contractors Legislative Updates. This session is designed for compliance officers, general counsel, and human resources managers.

Economic Leadership Forum
January 18, 2019
The Palace at Somerset Park 
Somerset, NJ

For the past eight years, the Economic Leadership Forum has presented the opportunity to hear from key thinkers and influencers on the issues that shape the Garden State. Among other notable speakers, John Williams, President/CEO of the Federal Reserve Bank of NY will discuss Monetary Policy. Joining him is Dawn Hudson, former Chief Marketing Officer, NFL & former President/CEO, Pepsi Cola North America/PepsiCo Foodservice who will discuss Marketing & Branding. An Evolving Financial World will be presented by Amias Gerety, former Acting Assistant Secretary, Financial Institutions, U.S. Department of the Treasury/Partner, QED Investors. So save the date for New Jersey's most far-reaching Economic Conference!

Join NJBankers and Saul Ewing Arnstein & Lehr for Important Trends and Developments in Consumer Financial Services Litigation and Enforcement

Thursday, November 29, 2018
8:00 a.m. - 1:30 p.m.

Saul Ewing Arnstein & Lehr LLP - Centre Square West
1500 Market Street, 38th Floor - Philadelphia, PA 19102
CLE Credits Available
Saul Ewing Arnstein & Lehr’s Consumer Financial Services Litigation group and The New Jersey Bankers Association are pleased to present 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.

Register Today! 

Save the Date! Bank Trainers 2019 Conference and Expo

May 7-9, 2019
Grand Hyatt Buckhead - Atlanta, Georgia

The Bank Trainers Conference and Expo is an annual educational event that brings together hundreds of training professionals, representing financial institutions from across the country and beyond. A wide-variety of workshops cover everything from eLearning and Gamification to Presentation Skills and Managing Change. Un-Paralleled Networking Opportunities with the greatest minds in Learning and Development await you at every turn.

Click here for more information! 

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!

Executive Seeks Full Time or Consulting Position

Senior Client Experience Executive who achieved 'Best-in-Class' Net Promoter Score (NPS) results in 2017. Specializes in growing and increasing a bank's deposit base by building and sustaining a 'Client First' service quality culture, high performing teams, and processes and tools to create a consistent and exceptional client experience. Success is achieved by capturing and effectively utilizing client feedback, by chairing a 'Voice of the Client' task force dedicated to delivering on-going client service improvements, and by developing programs to deliver a 'Best-in-Class' employee experience. The 'Client First' culture is developed and sustained by partnering with executive management to ensure service quality goals are incorporated in all business plans, and that everyone in an organization understands that they are responsible for the client experience. For a copy of the resume, please contact Erin Suckiel, esuckiel@njbankers.com.



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