If this page doesn't display properly in your email, click here. January 23, 2019
New Jersey Bankers Association
2019 Economic Leadership Forum Presents Impressive Line-up of Speakers and Topics that Resonate for the Garden State
Photos courtesy of Don Christensen, Oxford Communications and Dave Gruol, David Gruol Photography

The NJBankers 8th Annual Economic Leadership Forum was an enormous success with a powerful lineup of guest speakers and panelists.  The Forum, held on January 18th at The Palace at Somerset Park, was an opportunity to hear from key thinkers on the issues that shape our great Garden State and the Nation.

The winter weather cooperated and nearly 500 attendees gathered together to hear from industry experts and enjoy a day packed with thought provoking topics.

After NJBankers President and CEO John E. McWeeney, Jr. opened the Forum with the Pledge of Allegiance, artist, vocalist, musician, and photographer Joe Everson performed a Patriotic Opening singing God Bless the U.S.A. and painted Lady Liberty. If you’ve never seen Joe’s work, he started his painting upside down and then spun it to reveal Lady Liberty! What a great way to start the Forum!

John C. Williams, President, Federal Reserve Bank of New York, presented a comprehensive outlook and analysis of the U.S. Economy and Monetary Policy. There was a hush in the room as he spoke of conditions affecting policy followed by an audience Q & A.

The Honorable Stephen M. Sweeney (D) addressed the room full of bankers and business leaders to discuss New Jersey’s Fiscal Challenges. Senator Sweeney provided information and possible solutions to benefit the businesses and residents of the great Garden State.

Keynote Speaker Dawn Hudson, Former Chief Marketing Officer, NFL; Former President, CEO Pepsi Cola North America/PepsiCo. Foodservice wowed the attendees with her vision of “The Power of Brand”. Hudson showed several examples of her work and the reasoning behind popular campaigns like “Super Bowl Babies”- produced because research indicated that nine months after a Super Bowl, the winning team’s fans “enjoy” an explosion of Super Bowl babies”!

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Emerging Financial Leaders Group Kick-Off Event
January 31, 2019

DISC & Advanced Leadership

February 28, 2019 - March 1, 2019

Board & Management Summit
March 8, 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
View Other Meetings
Mark Your Calendar
View Upcoming Events
NJBankers Charitable Foundation Supports Veterans Programs at Rider University and Rutgers University

During the Economic Leadership Forum, representatives from both Rider University and Rutgers University were on-hand to accept a contribution from the NJBankers Charitable Foundation. Both Universities received a contribution of $15,000 to support the work they do to assist Veterans.  

NJBankers in the News

NJBankers Event Reveals NJ’s Economic Pulse
The Baltic Dry Index is a tool that can help experts evaluate the global economy’s health and how it functions, because the index essentially measures how full are cargo ships, and where they are headed. James W. Hughes, PhD, university professor dean emeritus, Edward J. Bloustein School of Planning and Public Policy at Rutgers University, seemed to use it as an analogy for New Jersey’s population outmigration problem at the recent NJBankers Economic Leadership Forum at The Palace at Somerset Park.

NJTV Covers NJBankers Economic Leadership Forum
Even though Senate President Steve Sweeney said the minimum wage deal could have gotten done months ago, he said Friday he’s thrilled with the brokered deal. He says he predicted that they would come to a compromise at the start of Thursday’s negotiations and praised Assembly Speaker Craig Coughlin and Gov. Phil Murphy for coming to the table.

Sweeney Speaks To ‘Fiscal Imperative’ For Reforms
Speaking at a public policy forum today, Senate President Steve Sweeney continued his advocacy for the fiscal and economic reforms needed to avert future financial crises and to enable the types of investments needed to move New Jersey forward and address the state’s priorities. Participating in the New Jersey Economic Leadership Forum hosted by the New Jersey Bankers Association, Senator Sweeney promoted the recommendations of the Economic and Fiscal Policy Workgroup as a “fiscal imperative.”

Sweeney, eager for major reforms, takes case to business leaders: ‘Big thing I’m asking for is help’
The State Senate president — in his typical tough-love, straightforward stump speech — spelled it out in no uncertain terms to a room filled with hundreds of top banking leaders at the New Jersey Bankers Economic Leadership Forum.

Gateway Development Corp. pitches trans-Hudson tunnel to NJ’s bankers
The nonprofit overseeing construction of the $12 billion trans-Hudson River tunnel pitched the funding of the project to hundreds of New Jersey bankers Friday morning at the New Jersey Bankers Association Economic Leadership Forum.

Fed’s Williams: Now Is Time for Fed to Show ‘Prudence, Patience and Good Judgment’
New York Fed President John Williams said Friday what happens with short-term interest rates and the central bank’s balance-sheet drawdown will be driven this year by how the economy performs.

John Williams Says Fed Should Be Patient About Any Further Tightening
The Federal Reserve should be patient in tightening monetary policy further as U.S. economic growth moderates, New York Fed President John Williams said.

UPDATE 1-Fed's Williams says rate policy must be patient, data dependent
The U.S. Federal Reserve must be patient and guided by data when considering whether to raise interest rates, New York Fed President John Williams said on Friday, in remarks reinforcing the central bank’s commitment to a wait-and-see approach.

Fed policymakers leave little doubt: Rate hikes can wait
“Patience” is the new mantra at the Federal Reserve, less than two weeks ahead of the U.S. central bank’s first policy meeting of the new year, as officials leave little doubt they want to stop raising interest rates - at least for a while.

It's NJBankers 115th Anniversary

Since its inception 115 years ago, NJBankers has served as a staunch advocate for the Garden State banking industry. Our next installment of our history is dedicated to those very first leaders who ensured that the concerns of the New Jersey Banking Industry were heard in Trenton and in Washington.

You have probably heard about the NJBankers Forrey-Gallman and Warren Hill Awards. So who are “Forrey”, “Gallman” and “Hill” anyway?

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Industry News

Federal Reserve Bank of New York Business Leaders Survey
Activity in the region’s service sector held steady, according to firms responding to the Federal Reserve Bank of New York’s January 2019 Business Leaders Survey. The survey’s headline business activity index fell six points to zero, its lowest level since mid-2017. The business climate index was little changed, also coming in at around zero, indicating that on balance, firms regarded the business climate as normal.

Fed Beige Book: Economic Activity Continues at Modest to Moderate Pace
The Federal Reserve reported, in its first Beige Book release of 2019, that the economy continued to grow across the Federal Reserve Districts at a modest to moderate pace. While economic outlooks remained generally positive across the districts, many reported less optimism as a result of increased market volatility, the rising rate environment, falling energy prices and heightened trade and geopolitical uncertainties. 

Student Debt Driving Lower Millennial Homeownership Rates
In new research by the Federal Reserve, about 20% of the decline in young adult homeownership rates, accounting for roughly 400,000 non-homeowners, can be attributed to rising student debt. The report compared groups of individuals aged 24-32 in 2005 and in 2014. 

Member News

Northfield Bancorp, Inc. Announces Appointment of Paul V. Stahlin, CPA, CGMA to its Board of Directors
Northfield Bancorp, Inc. announced that its Board of Directors appointed Paul V. Stahlin, CPA, CGMA as a director of both the Company and Northfield Bank.

Lakeland Bancorp Announces Closing of Acquisition of Highlands Bancorp
Lakeland Bancorp, Inc. (NASDAQ:  LBAI) (“Lakeland Bancorp”), the parent company of Lakeland Bank, announced that its acquisition by merger of Highlands Bancorp, Inc. (formerly OTC Pink:  HSBK) (“Highlands Bancorp”), the parent company of Highlands State Bank, closed upon the filing and effectiveness of a Certificate of Merger with the New Jersey Department of Treasury.  Shortly after the merger of the holding companies, Highlands State Bank merged with and into Lakeland Bank.

Banks are Helping During the Government Shutdown
Banks are in the business of serving their customers, especially when unexpected hardship strikes. Even before the current partial government shutdown took effect, banks across the country were prepared to help those impacted. The assistance offered to customers depending on their individual circumstances includes fee waivers, loan modifications, payment deadline extensions, payroll advances, low-rate and zero-rate loans as well as other accommodations.

Peapack-Gladstone Bank announces new hires
Bedminster-based Peapack-Gladstone Financial Corp. announced several new executive additions to its firm.
Jay D’Auria joins Peapack-Gladstone Bank as vice president, director of Treasury Management. Jeffrey Keating has joined as a managing director, trust officer for Peapack Private, the wealth management division of the bank, and Anthony Mattaliano joins Peapack Capital, a subsidiary of Peapack-Gladstone Bank, as vice president, senior credit underwriter.

*click headline for details

In Memoriam
It is with sadness we report that Richard George Duess, 89, formerly of West Orange, N.J., peacefully passed away on Thursday, Jan. 10, 2019 at his son's home in Towaco, N.J. Duess was the retired president of West Orange Savings and Loan.

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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. 

LEADERSHIP WORKSHOP - DISC & Advanced Leadership
Thursday, February 28, 2019 - Friday, March 1, 2019
NJBankers Office
Effective leadership lies in understanding yourself, understanding others, and realizing the impact of your personal behavior on people around you.  This two day intensive leadership workshop will provide attendees with new tools and techniques to become more effective leaders.

Board & Management Summit
Friday, March 8, 2019
The Hilton Short Hills, Short Hills NJ
The issues facing financial institutions today has been a growing source of concern in boardrooms throughout the country.  As the banking industry continues to innovate and evolve, it is important to understand the necessary tools to provide informed guidance to bank leadership.

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.

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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.

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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.

South Jersey Bankers Association Winter Dinner Meeting
New Year, What Now?
Wednesday, January 30, 2019
Cocktails start at 5:45 PM, Vendor Presentation 6:45 PM, Speaker at 7:00 PM, Dinner 7:30 PM (approx.)
Tavistock Country Club – 100 Tavistock Lane, Haddonfield NJ
The South Jersey Bankers Association invites you to join our Winter Dinner Meeting.  Our speaker will be Dennis Budinich, SVP and Chief Culture Officer for Investors Bank. Budinich’s topic of discussion will be “New Year, What Now?”  Price per person is $65.00.  Reservations due by January 28, 2019.  For additional information click here or to make a reservation, contact Frank Rieder at frankrieder123@gmail.com.
Morris Habitat's Leadership Council is pleased to announce the 14th Annual hearts and Hammers Gala
Saturday, February 23, 2019 from 6 – 11 p.m.
Meadow Wood Manor, Randolph, NJ
This year’s theme is 121 Main Street, 12 homes for 12 families, their largest project to date!  They invite you to applaud this year's honorees, enjoy an elegant evening of dinner, dancing and more!

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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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