If this page doesn't display properly in your email, click here. January 9, 2019
New Jersey Bankers Association
It's NJBankers Anniversary!

NJBankers is celebrating our 115th Anniversary of serving the New Jersey Banking Industry. But wait… there’s more! We are also celebrating our 10th Year Anniversary of our combination between the legacy New Jersey Bankers Association and the New Jersey League of Community Bankers.

The original New Jersey Bankers Association was founded by 65 commercial bankers in 1903-1904 as a way to collectively address what its founders considered “adverse legislation”.

In 1908, after considering an invitation to join the New Jersey Bankers Association, 16 of the state’s savings bankers decided to form their own association – the New Jersey Savings Bank Association – to address the concerns of the Savings Banks industry. A year later, the state’s Building and Loan Associations created their own group that was known as the New Jersey Building and Loan League. While these associations had different priorities due to the types of institutions they represented, market developments, over decades, brought many of their issues and concerns into alignment. In 1996, this combined group took a new name – New Jersey League of Community and Savings Bankers that was later shortened to the New Jersey League of Community Bankers.

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Puerto Rico Bankers Association Thanks NJBankers Charitable Foundation for Contribution

The Puerto Rico Bankers Association has sent a letter to NJBankers in gratitude for the $10,000 contribution to aid in efforts to rebuild the island in the aftermath of Hurricane Maria, regarded as the worst natural disaster on record for Puerto Rico.

Part of the contribution was presented to Hogar de Niños Andrés which is a non-profit organization that houses children between 5 and 12 years old who are either orphaned, homeless or victims of violence. This home contributes to their social, intellectual, and physical well-being. The check was received by Mr. Eliseo Viana.

The letter notes that “The help provided by your generous donation will bring hope and joy to those who will benefit from it. Please convey our deepest gratitude to all who made this contribution possible.”

We thank our members who have contributed to the NJBankers Charitable Foundation. We are proud to be able to participate in these rebuilding efforts and support these children.

NJBankers in the News

John E. McWeeney, Jr. Quoted in NJ Business Magazine 2019 Industry Forecast
To help entrepreneurs, mid-level managers and C-suite executives gain a strong foothold as they take their first few steps into 2019, New Jersey Business magazine presented forecasts written by state government leaders and experts who represent industry sectors that play a vital role in daily business operations. John McWeeney, NJBankers President and CEO provided a forecast for the Garden State Banking Industry. 

NJBankers Welcomes New Members

NJBankers is pleased to announce that the following firms have joined the Association.  These firms recognize the value of membership in NJBankers and we applaud their support of the New Jersey banking industry.

Home Care & Hospice of NJ
Dennis M. Spinelli CPA LLC
Vikar Technologies  



Economic Leadership Forum

January 18, 2019

IRA Training with PMC
March 20 & 21, 2019

115th Annual Conference
 May 1-5, 2019

Women in Banking Conference
June 12, 2019

See njbankers.com for details.

Other Industry Meetings
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Mark Your Calendar
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In Memoriam

With deep sadness, Amboy Bank announced that its Chairman, President and CEO, George E. Scharpf, died suddenly on Friday evening, January 4, 2019. The long tenured community bank executive had just turned 78 years old.  

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Industry News

Federal Reserve Bank of New York Business Leaders Survey
Activity in the region’s service sector expanded slightly, according to firms responding to the Federal Reserve Bank of New York’s December 2018 Business Leaders Survey. The survey’s headline business activity index edged down three points to 5.6. The business climate index fell to a level of around zero, its lowest reading in a year, indicating that on balance, firms regarded the business climate as normal.  

Agencies Propose Rule for Company-Run Stress Testing Requirements with S. 2155
The Federal Reserve issued a proposed rule that would make changes to its framework for company-run stress tests to conform with Section 401 of the S. 2155 regulatory reform law. The OCC and FDIC released similar proposals for national banks and state nonmember banks in December.

Stonier Accepting Applications for 2019 Session
Applications are currently being accepted for the 2019 session of ABA’s Stonier Graduate School of Banking, to be held June 6-13, at the University of Pennsylvania’s Wharton School in Philadelphia. The application deadline for the 2019 session is May 1. Space is limited, and bankers are encouraged to apply as soon as possible. 

Member News

Atlantic Stewardship Bank Designated as Preferred SBA Lender
Atlantic Stewardship Bank announced that it was named as a Preferred Lender with the U.S. Small Business Administration (SBA). The Preferred Lenders Program (PLP) is a part of the SBA’s effort to streamline the procedures necessary to provide financial assistance to the small business community.

Columbia Bank’s President and CEO Thomas J. Kemly Named “Executive of the Year” By NJBIZ Magazine
Columbia Bank has announced that Thomas J. Kemly, President and CEO of Columbia Bank and NJBankers First Vice Chairman has been named “Executive of the Year” by NJBIZ, a statewide business publication.  Kemly was cited for successfully managing the bank’s recent IPO, promoting affordable housing and small business development throughout NJ, creating Team Columbia, a concept that allows every employee to volunteer, and greatly enhancing the giving reach of the Columbia Bank Foundation which helps so many local causes.

Stahlin joins Northfield Bank board as director
Paul Stahlin has been appointed as a director for both Northfield Bancorp Inc. and Northfield Bank. Stahlin previously served as regional president for Fulton Bank of New Jersey, president of Skylands Community Bank, and president and CEO of Somerset Valley Bank.

Provident, OceanFirst offer shutdown assistance for federal employees
Provident Bank announced Tuesday a number of benefits designed to assist federal government employees affected by the ongoing government shutdown. Late Tuesday, OceanFirst Bank  also announced it would offer a mortgage relief program for borrowers affected by the shutdown, including federal employees and those employed by government contractors, vendors and other businesses reliant on work from government agencies.

TD Bank partners with Cumberland County for equipment financing
TD Bank and TD Equipment Finance and the Cumberland County Improvement Authority have partnered on a program exclusive to the county to help its municipalities lease equipment, at a fixed rate, without the burden of a full request for proposal process.

SB One Bancorp Completes Merger with Enterprise Bank N.J.
SB One Bancorp, the holding company for SB One Bank  announced the successful closing of the previously announced merger of Enterprise Bank N.J. with and into SB One Bank. The merger expands SB One Bank’s presence throughout New Jersey with four new branches, and offers new market opportunities in Union, Essex and Middlesex Counties. SB One Bank now has 18 branches throughout New Jersey and New York and approximately $1.6 billion in assets.

ConnectOne completes merger with Greater Hudson Bank in $76.3M deal
Englewood Cliffs-based ConnectOne Bancorp Inc., parent company of ConnectOne Bank, has completed its previously announced $76.3 million merger with Greater Hudson Bank.

*click headline for details

Endorsed Service Provider News

Muni Revolution - Tax-free supplies and demand are evolving
By: Jim Reber, President/CEO, ICBA Securities
However you slice it, municipal bonds have a big impact on community bank investment performance—even if you don’t own any. That’s because your bank’s collection of bonds is destined to be in the bottom of the rankings amongst its peers, unless you own some.

Pentegra, A Leading Provider of Retirement Plan and Fiduciary Outsourcing Solutions, Celebrates Its 75th Anniversary
December marked the 75th anniversary of Pentegra, a company created as a not-for-profit, tax-exempt defined benefit pension trust on December 1, 1943 by the then eight Federal Home Loan Banks (FHLBs). The Trust was established to manage and oversee a defined benefit pension plan for employees of the FHLB system. Today with more than $13 billion in assets, Pentegra has become a leading provider of qualified and non-qualified retirement plans, fiduciary outsourcing and institutional investment solutions for businesses nationwide.


Economic Leadership Forum - January 18, 2019

Don't Miss Dawn Hudson, Former Chief Marketing Officer, NFL, Former President/CEO Pepsi Cola North America/PepsiCo Foodservice will provide insight of Marketing and Branding!

We are pleased to announce that joining us this year will be the Honorable Stephen M. Sweeney (D), New Jersey State Senate President who will discuss New Jersey’s Fiscal Challenges. In addition the program features John C. Williams, President/CEO of the Federal Reserve Bank of NY who will discuss monetary policy, Dawn Hudson, Former Chief Marketing Officer of the NFL & Former President/CEO Pepsi Cola North America/PepsiCo Foodservice will join the Forum and provide insight of Marketing and Branding, Amias Gerety, Former Acting Assistant Secretary, Financial Institutions, U.S. Department of the Treasury/Partner, QED Investors will discuss evolving Financial World, and New Jersey’s well-known Economist, James W. Hughes, PhD, University Professor, Dean Emeritus, Edward J. Bloustein School of Planning and Public Policy, Rutgers will present an outlook for the Garden State’s economy.

Click here to Register! 



115th Annual Conference

The Broadmoor, Colorado Springs, CO
May 1-5, 2019

NJBankers is heading to Colorado Springs

Feel like you're on top of the world and experience the NJBankers Annual Conference at the acclaimed Broadmoor in Colorado Springs, a resort that captures the spirit of the west. After being inspired by our renowned speakers, there are endless opportunities to explore this iconic resort, the awe-inspiring Rocky Mountains, golfing at the foothills of Cheyenne Mountain, fly fishing in a cool mountain stream, and so many more adventures! 

Click Here for Further Information

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

Emerging Financial Leaders Group - Kick-Off Event
Thursday, January 31, 2019
5:30 pm - 7:30 pm
J.J. Bitting Brewing Company, Woodbridge

Join NJBankers for the Emerging Financial Leaders Group kick-off event for banking professionals ages 21-40. Network with your peers! The EFLG will provide educational programming and networking opportunities for emerging leaders in finance, as well as philanthropic activities and outreach. Please contact Erin Suckiel at esuckiel@njbankers.com if you need a login for the NJBankers website.

Get Recognized!
Show your community impact!
The Community Service Award program highlights the significant impact NJ banks have on their local communities.  Members are encouraged to submit information and photographs on initiatives that show how their financial institution makes New Jersey’s communities’ better places to live, work and play. Keep a look out for the communication that will be sent out via email next week or click below!

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NJBankers 2019 Service Award Program

Not to be confused with the NJBankers Community Service Awards noted above, NJBankers recognizes employees and directors of member institutions who are celebrating their 15th, 20th, 25th, 30th, 35th, 40th, 45th, and 50th years of service to the banking industry in 2019.  Those being recognized will be included in the SERVICE AWARDS booklet which will be distributed at the 115th Annual Conference and hand delivered or mailed with a certificate following the Conference. Keep a look out for the communication that will be sent out via email next week!

Bank of America's Student Leaders® Program
Application Deadline February 1, 2019

The Bank of America Charitable Foundation’s Student Leaders® Program is accepting applications for the 2019 program.  Bank of America is asking for help to identify outstanding young people who are passionate about making a difference in our community. Each Student Leader will attend the Student Leaders Summit held in Washington, D.C. where they will learn how government, business and the nonprofit sector work together to address critical community needs.

Details and the application are available at www.bankofamerica.com/studentleaders.

Join NJBankers and Baker Tilly for this not to miss Webinar Managing Liquidity in a Fluid Market (no pun intended!)

Wednesday, January 16, 2019
11:00 a.m. – 12:00 p.m. EST
Fee:  Complimentary*

This session was originally scheduled to be presented at the 2018 CFO Conference, but unfortunately, Tim’s flight from Minneapolis was canceled due to inclement weather conditions and he was unable to get to New Jersey in time for the presentation. We are happy to be able to share the information with you via webinar.

Presented by Baker Tilly Partner and Banking Industry Practice Leader, Tim Kosiek, CPA

Rising short-term interest rates, the breakdown of traditional branch strategies and the emergence of broad scale digital deposit frameworks collectively present an unprecedented challenge for bankers in effectively managing liquidity within regulatory expectations, while minimizing the potential downward effect on interest rate margins.

The Managing Liquidity in a Fluid Market webinar will explore the current landscape of traditional liquidity management, the regulatory perspective on liquidity ratios and the effect on continued bank consolidation.

Agenda includes:
•Historic perspective of bank liquidity
•Current state of the flow of money
•Critical challenges and opportunities

TO REGISTER:  Reply via email to Diane Starr at dstarr@njbankers.com  and note the  email to which participant dial-in information will be sent (info will be sent 24 hrs prior to event). 

Limited to Bankers only*

Any questions, please contact info@njbankers.com

FMS NY/NJ Chapter Releases Professional Development Opportunities for 2019

The Financial Managers Society NY/NJ Chapter is dedicated to enhance the professional development of financial personnel within financial institutions. The Chapter has released the 2019 schedule of seminars and events. The schedule can be found here.

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 2019 IRA Reference Volumes & Upcoming Winter/Spring 2019 IRA Seminar Tour

No other IRA resources are updated and relied upon as PMC’s 2019 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!

Also the PMC's 2019 IRA & HSA Customer Brochures have been updated to reflect retirement plan and HSA limits (with applicable cost-of-living adjustments) for 2019. Click here for more information.

**Click here to check out PMC's upcoming Winter/Spring 2019 IRA seminar tour**



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