If this page doesn't display properly in your email, click here. November 28, 2018
New Jersey Bankers Association
NJBankers in the News

Michael Affuso Quoted in American Banker Article "Is the public banking movement losing steam?"
On its face, the public banking movement seems to have suffered a few setbacks in recent months.

Industry News

Federal Reserve Bank of New York Business Leaders Survey
Activity in the region’s service sector expanded modestly, according to firms responding to the Federal Reserve Bank of New York’s November 2018 Business Leaders Survey. The survey’s headline business activity index was little changed at 8.6. The business climate index moved down nine points to 12.9, a sign that firms, on balance, regarded the business climate as better than normal, though to a lesser extent than last month.

FFIEC Releases Cybersecurity Resource Guide
The Federal Financial Institutions Examination Council has released a Cybersecurity Resource Guide for Financial Institutions that provides an overview of resources designed to assist in financial sector resilience. 

FHFA Announces New Loan Limits for 2019
The Federal Housing Finance Agency announced that it will raise the maximum conforming loan limits for mortgages Fannie Mae and Freddie Mac purchase in 2019 from $453,100 to $484,350. The announcement marks the third time FHFA has increased the baseline loan limit since 2006.

FFIEC Emphasizes Risk-Focused Supervision in Second Update of the Examination Modernization Project
The Federal Financial Institutions Examination Council has provided a second update on its Examination Modernization Project. The project identifies and assesses ways to improve the effectiveness, efficiency, and quality of community financial institutions safety and soundness examination processes, particularly through increased use of technology.

FDIC Issues Notice of Proposed Rulemaking to Exempt Residential Real Estate Transactions of $400,000 or Less from Appraisal Requirements
The Federal Deposit Insurance Corporation (FDIC) has issued a notice of proposed rulemaking to raise the threshold for residential real estate transactions requiring an appraisal to $400,000. This proposal is in response to concerns raised about the time and cost associated with completing residential real estate transactions.

Agencies Propose Community Bank Leverage Ratio for Qualifying Community Banking Organizations
The FDIC, Federal Reserve and OCC have invited public comment on a proposal that would simplify regulatory capital requirements for qualifying community banking organizations, as required by the Economic Growth, Regulatory Relief, and Consumer Protection Act. The proposal would provide regulatory burden relief to qualifying community banking organizations by giving them an option to calculate a simple leverage ratio, rather than multiple measures of capital adequacy. 

Member News

Boiling Springs adds Miller as EVP, Chief Retail Officer
Elizabeth Miller has joined Rutherford-based Boiling Springs Savings Bank as Chief Retail Officer, Executive Vice President.

NJBIZ Names First Bank and Lakeland Bank to List of 50 Fastest Growing Companies in 2018 
NJBIZ announced that First Bank and Lakeland Bank have been named to the New Jersey 50 Fastest Growing Companies list. The award program produced by NJBIZ, New Jersey’s premiere business news publication, was presented by Mazars.

Regal Bank Introduces Check Fraud Protection with Positive Pay
Positive Pay is an automated fraud detection tool recently introduced by Regal Bank as part of its host of Internet Banking Services for business. It helps to prevent check fraud by facilitating digital confirmation of checks presented for payment.

*click headline for details

Associate Member News

Federal Home Loan Bank of NY Declares a 6.90% Dividend for the Third Quarter 
FHLBNY President and CEO José R. González announced that, on November 15, 2018, the Board of Directors approved a dividend for the third quarter of 2018 of 6.90% (annualized).  The dollar amount of the dividend will be approximately $107.4 million. 

Paul M. Aguggia Joins Holland & Knight
Paul M. Aguggia has joined Holland & Knight as a partner in the firm’s New York office. Aguggia was chairman and chief executive officer of publicly held Clifton Bancorp Inc. from January 2014 until its merger with Kearny Financial Corp., on whose board of directors he served until October 2018. Previously, he was chairman of the international law firm Kilpatrick Townsend & Stockton LLP.

Newly Founded Bank, New Valley Bank & Trust, Selects COCC for Core Banking Services

New Valley Bank & Trust of Springfield, Massachusetts has selected COCC as its core provider for banking services. The de novo, which will become Massachusetts’ first new bank since 2009 and the only Springfield-based bank, was drawn to COCC for their professionalism and willingness to help integrate applications for their new banking platform. 

Matt Karmel Named to NJ Composting Council Board
Riker Danzig associate Matthew A. Karmel, a member of the Firm’s Environmental Law Group, has been appointed to the Board of Trustees of the newly-formed NJ Composting Council. 



Tax Law Update
December 12, 2018

2018 Employment Law Update Seminar
December 17, 2018

Ethics Seminar
December 19, 2018

2018-19 DISC
January 29, 2019

Economic Leadership Forum

January 18, 2019

115th Annual Conference
 May 1-5, 2019

Women in Banking Conference
June 12, 2019

See njbankers.com for details.

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

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!

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

Registration & Breakfast: 9:00 a.m.
Program: 9:30 a.m. – 11:30 a.m. 
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.

Ethics Seminar
4 CLE Credits will apply
Wednesday, December 19, 2018
NJBankers Office - 411 North Avenue East, Cranford
In the highly interactive segment “Responding Ethically To Recurrent Issues In Cyber And Other Internal Investigations”, four esteemed attorneys will present and engage attendees in realistic scenarios focusing on ethical challenges that lawyers in-house at banks must navigate in cyber and other internal investigations.   Topics include convergent problems of privilege protection, liability containment and compliance with privacy, SEC and national security regulations.

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

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.

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. 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!

South Jersey Bankers Association - RESCHEDULED November Dinner Meeting
Private Sector Lessons Learned from Hurricane Maria - How FEMA’s Experience Could Benefit Your Bank
NEW DATE:  Thursday, December 13, 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
The South Jersey Bankers Association November Dinner Meeting originally scheduled for November 15th was cancelled due to inclement weather.  The meeting has been rescheduled to Thursday, December 13th.

Read More 

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. For a copy of the resume, please contact Erin Suckiel, esuckiel@njbankers.com.



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