If this page doesn't display properly in your email, click here. March 6, 2019
New Jersey Bankers Association
Listen in: The Impact of the Banking Industry on the NJ Economy - Webinar- Presented by NJBankers

Wednesday, March 13, 2019
1:00 – 2:00 p.m.

NJBankers has once again commissioned a study with the Edward J. Bloustein School of Planning & Public Policy to confirm the impact the banking industry has on NJ’s economy and provide an overview of recent industry employment trends in NJ and the nation.

Dr. James Hughes, University Professor/Dean Emeritus will present the findings of the study - "Contribution of the Commercial Banking and Savings Institutions Sectors to the New Jersey Economy,"  and moderate a panel with participants Kevin Cummings, President/CEO, Investors Bank; Christopher Maher, Chairman/President/ CEO, OceanFirst Bank and Donald J. Musso, President/CEO, FinPro on the panel.

It’s easy to join the Webinar: click: http://ejb.adobeconnect.com/forum. Users must enter as a guest with their name. Use computer speakers for audio and the chat tool to ask questions.  The event livestream will open approximately 5 minutes before the start of the discussion.

Don’t miss it. The information is priceless for confirming what we all know: the NJ banking industry actively supports the state’s economy and we have the data to back it up! You are encouraged to share the findings and feel great about being a banker!

Celebrating Ten Years of Speaking with One Voice

NJBankers is celebrating our 115th Anniversary of serving the New Jersey Banking Industry yet we are celebrating another milestone anniversary. In 2009, the legacy New Jersey Bankers Association and the New Jersey League of Community Bankers combined to serve our members and the banking industry as one, united voice. It took just about 100 years for the two organizations to combine but it was a natural time. The two associations’ interests aligned and it was time.

In this installment of NJBankers history, we reached back to the first issue of our magazine, New Jersey Banker, published as the combined association. At that time, our Co-Chairmen, Norman E. Beatty, chairman/president/CEO of First Hope Bank and John H. Wessling III, president /CEO of Haven Savings Bank penned their platforms as the new Co-Chairs of the unified association. Their words of wisdom stand true today as in 2009. So we thought we’d share the letters that were written in that first issue that celebrated speaking with one voice.

Click here to read the letters to our members 

American Bankers Mutual Insurance Ltd. Declares $2 Million Distribution to ABA Member Banks

American Bankers Mutual Insurance, Ltd., the reinsurer for the directors and officers (D&O), bond and cyber insurance program endorsed by American Bankers Association (ABA) and New Jersey Bankers Association, declared a $2 million distribution to be shared by qualified ABA member banks insured through ABA Insurance Services. Thirty two New Jersey banks will share over $100,000.

Read More 

ROI-NJ Reveals its ROI Influencers Power List of 2019

Congratulations to our members who have been chosen for the ROI-NJ Influencers Power List of 2019. The following bankers were chosen as

Linda Bowden
New Jersey regional president
PNC Bank

John Cole

Executive vice president, Northeast business banking regional manager
Wells Fargo

Tom Comiskey

Regional president
M&T Bank

Kevin Cummings

CEO and president
Investors Bancorp

Bob Doherty

State president
Bank of America

NJBIZ Releases List of Best Places to Work 2019

NJBIZ, a statewide business publication, has released its list of best places to work. The rankings are determined by the companies’ own employees. Congratulations to NJBankers members and associate members considered Best Places to Work 2019!

Gibbons PC, Newark
Industry: Legal

Manasquan Bank, Wall Township
Industry: Banking

RSM US LLP, Edison
Industry: Accounting

Sherman Wells Sylvester & Stamelman, Florham Park
Industry: Legal

PKF O’Connor Davies LLP, Woodcliff Lake
Industry: Accounting

Porzio, Bromberg & Newman PC, Morristown
Industry: Legal

Unity Bank, Clinton
Industry: Banking



Board & Management Summit
March 8, 2019

IRA Training with PMC
March 20 & 21, 2019

CRA and Fair Lending Conference
March 27, 2019

115th Annual Conference
 May 1-5, 2019

Marijuana Conference
April 9, 2018

EFLG Top Golf Event
April 11, 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
Industry News

OCC Warns about Counterfeit Official Bank Checks
Bremer Bank, St. Paul, MN has reported that counterfeit official bank checks using the bank’s routing number of 092005411 are being presented for payment nationwide in connection with a variety of online auction and job opportunity scams.

FHFA Issues Final Rule on Uniform Mortgage-Backed Securities
The Federal Housing Finance Agency has issued a final rule that requires Fannie Mae and Freddie Mac to align programs, policies and practices that affect the cash flows of “To Be Announced” (TBA)-eligible Mortgage-Backed Securities (MBS). The issuance of the final rule is a major step forward significantly improving the predictability of cash flows to MBS investors.

Transatlantic Partnership: Fighting Financial Crime
When the Director of FinCEN visited the Europol headquarters, a discussion ensued on how Europol and FinCEN can better work together to safeguard the international financial system from illicit use.

Philadelphia Fed Appoints New Members to Community Bank Advisory Council
The Federal Reserve Bank of Philadelphia announced the appointments of Eric Hoerner, CEO of MidCoast Community Bancorp, Inc., based in Wilmington, DE, and Brian W. Jones, president/CEO and director of The First National Bank of Elmer in New Jersey, to its Community Depository Institutions Advisory Council. Hoerner and Jones will begin their three-year terms in March 2019.

Member News

Manasquan Bank Introduces Michael Malloy as Senior Vice President, Chief Financial Officer
Manasquan Bank, a community bank headquartered in Wall Township, N.J., has brought on Michael Malloy in the role of Senior Vice President, Chief Financial Officer to further bolster its executive leadership team.

Provident Bank to expand small business loans with Fundation
Provident Bank and Fundation announced Tuesday the launch of a program to expand small business loan approvals for customers of the Jersey City-based bank. With the new feature, small businesses can apply for term loans ranging from $15,000 to $250,000 and lines of credit from $20,000 to $150,000 and receive funds in as soon as one business day.

Endorsed Service Provider News

NJBankers Welcomes New Endorsed Service Provider - Innovative Financing Solutions

NJBankers is pleased to endorse a new Service Provider who we feel will provide value to you for meeting your customers’ financing needs, business objectives and for growing your loan portfolio. Innovative Financing Solutions (IFS) is a bank consulting and business advisory firm that specializes in the development and implementation of government guaranteed loan programs. IFS provides an outsourced government guaranteed lending arm for banks that may not have the loan volume or internal expertise and support staff needed to implement a sound, secure, safe and profitable government guaranteed loan program. IFS also specializes in arranging commercial, conventional and alternative financing for clients from small, growing entrepreneurial companies to established middle market firms. If you need knowledge, expertise and a trusted, effective liaison between your bank and a government agency, call on IFS. Get solutions designed to meet your customers’ needs and a full range of services and support to grow your loan portfolio.

CRA Credit That’s Worth a Lot More Webinar
Wednesday, April 17, 2019
10:00 am ET
Webinar Questions? Call 901-529-4765
CRA Partners is a compliance solution you can feel good about. Join this webinar to discover how your bank can lead the fight against elder abuse in your community and receive CRA credit on both the lending and investment test, along with service credit consideration – all through our unique, turnkey program. Register today and see how you can fulfill your CRA compliance by helping elders in your community. Meaningful CRA credit might be closer than you think.

Community Banking Matters
ICBA Securities Corporation has partnered with Vining Sparks as an exclusively endorsed broker. Save the dates for their webinar series, Community Banking Matters. Take a look at the 2019 webinar dates and topics including:
 Municipal Market Update: Investment Strategies and Credit
 Balance Sheet Strategies for 2019
 Balance Sheet Management for 2019
 Mortgage Market Update and Opportunities and so many other topics to make your bank successful.
Please see the article that follows for an upcoming Seminar.

Register Now for Vining Sparks' and ICBA Securities' Balance Sheet Academy

Learn Portfolio and Balance Sheet Management with Your Peers
April 29-30, 2019
Embassy Suites, Memphis, TN
The Balance Sheet Academy advanced seminar is designed to expose seasoned community bank portfolio and balance sheet managers to advanced products and concepts.  The objective of this seminar is to enable the attendees to consistently outperform their peers. Join Vining Sparks and ICBA Securities and learn how the changing economic data impacts market interest rates. 

Associate Member News

FORTUNE Magazine 2019 names Fiserv one of the “World’s Most Admired Companies®”
Fiserv, Inc. has been recognized as one of the FORTUNE Magazine 2019 “World’s Most Admired Companies®.” Fiserv has received this reputation and performance-based accolade, which recognizes the world’s most respected and admired companies, for six consecutive years. This achievement underscores the company’s commitment to excellence and purposeful innovation as a global leader in FinTech.

Fiserv received high marks for its long-term investment value, financial soundness, people management and social responsibility, and was also noted for its use of corporate assets, quality of management and innovation.

Boenning & Scattergood Announces Promotion of Christopher Chapman
Boenning & Scattergood, Inc., a leading independent securities, asset management and investment banking firm, announced that Christopher Chapman has been promoted to Managing Director in Investment Banking. Chapman will continue to focus on initiating and executing investment banking transactions for banks, primarily located in the Midwest, as well as heading up the firm’s expanding REIT practice.

CEIS Review President & CEO Joe Hill Discusses Potential Areas of Concern
In the CEIS Review’s “The Quarterly” newsletter – Volume 5, Issue 1, their President & CEO Joe Hill discusses some potential areas of concern as observed throughout their Loan Review findings.
Covered in this issue:
• On My Mind: Joe Hill discusses some potential areas of concern as observed throughout our Loan Review findings.
• Hybrid Asset-Based Lending: Controls are Necessary
• Introducing Robert R. Reuter – Managing Director and Executive Editor at CEIS Review
• Related Links to news articles



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! 

As of 2/21/19 The Broadmoor is sold out for a few nights during our stay.  Guests are asked to do the following when booking rooms:

1.  Call the Broadmoor and try to book your dates as normal (1-800-634-7711 Reference NJBankers for group rate)
a. They will place you on a wait list for any room nights you may still need
2.  Email Jenn at NJBankers at jzorn@njbankers.com and be placed on our wait list. 
a. We still have a few rooms left and will try our best to accommodate requests
3.  Overflow Hotels – it is suggested you make alternative arrangements as we work through the waitlist; be mindful of the cancellation policies at the other hotels
• Cheyenne Mountain Resort - (719) 538-4000 www.cheyennemountain.com
• Hotel Elegante - (719) 576-5900  http://www.hotelelegante.com/
• DoubleTree Colorado Springs, World Arena – (719) 576-8900  http://doubletree3.hilton.com
• Antlers Hilton Colorado Springs – (719) 955-5600  http://antlers.com

Please email Jenn at jzorn@njbankers.com prior to cancelling any unused dates for your current reservation.  We will cancel/modify the reservation on your behalf and assume the room nights to fulfill waitlist guests’ reservations.

We also ask at this time if you are holding rooms for guests that had not previously decided if they were attending to make your final decision.  A reminder, you may not have a room in NJBankers block without registering for the Convention.  Again, please email Jenn at jzorn@njbankers.com prior to cancelling any unused dates. 

Click Here for more Conference Information

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

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 and Directors.

CRA and Fair Lending Conference
March 27, 2019 - Kean University, STEM Building
CPE/CLE credits may apply
Join industry regulators and the nation’s leading CRA expert, Kenneth Thomas, and learn what your bank can expect with the current reform of the Community Reinvestment Act (CRA) and related Fair Lending laws.  Changes have been proposed in the CRA rating mechanism, the delineation of the appropriate “Assessment Area” in a digital environment, the definition of community development activities, and many other important areas that will likely impact your bank as it prepares for its next CRA exam.

Women’s Leadership in the 21st Century: A Communication Boot Camp
Monday, March 25th
8:30 am – 4:00 pm
NJBankers Office
This intensive, practical, highly interactive boot camp will focus candidly and analytically on the communication challenges facing women in banking today. This full-day program is designed for women wishing to develop the ultimate career advantage: being a stronger communicator at work. Open to all levels of banking.

Marijuana Conference
April 9, 2019
9:00 am – 2:15 pm
The Sheraton Edison Raritan Center, Edison
Banking Marijuana- What is a bank to do?
The use of marijuana is legal, to some degree, in thirty-three states, the District of Columbia, Guam and Puerto Rico. Yet the possession, distribution or sale of marijuana remains illegal under federal law. This results in challenges for banking marijuana – is it even possible? The NJBankers Marijuana Conference will feature experts with insight about marijuana and the cannabis industry.

STOC Conference

April 10, 2019
The Sheraton Edison Raritan Center
The world of Security, Technology, Operations and Cybersecurity advances quickly. How do you position yourself as the expert that can help bankers through it all? You become a sponsor of the inaugural NJBankers STOC Conference! This Conference is for bankers who keep their banks, staff and customers safe and informed. Reach bankers who keep their products & services functioning with a seamless execution in the back office. If you offer products & services for a STOC banker, build awareness of your company’s solutions with a sponsorship!
For sponsorships, contact Jenn Zorn, SVP/Director of Education and Business Development at jzorn@njbankers.com.

2019 Director Webinar Package

Bank boards are under regulatory, economic and competitive pressures especially as the banking industry continues to innovate and evolve.  

The 2019 Director Webinar Series, a partnership between NJBankers and FinPro, is a year-long series of educational opportunities designed to address prudent governance, mitigate risk, and develop effective supervision skills.

The Director Webinar Series helps your board easily earn credits to show regulators that directors are active, informed, prudent and provide independent guidance to executive leadership. In today's world, directors must demonstrate that they have the skills to oversee the bank effectively.

The Director Webinar Series provides broad exposure to the challenges and opportunities faced by all banks. With the Director Webinar Series, directors will demonstrate that they are keeping abreast of industry developments and trends all while participating in a flexible learning platform that fits their lifestyle.

Whether a seasoned director or new to the responsibility, director’s will emerge with a focused understanding and tools for providing prudent governance and independent guidance to bank leadership. Take advantage of this program and demonstrate that the Board is active and the bank compliant.

Read More 

NJBankers 2019 Service Award Program

Not to be confused with the NJBankers Community Service Awards, 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.

Read More 

South Jersey Bankers Association March Dinner Meeting - What CRA Reform Means to Your Bank

Thursday, March 14, 2019
Cocktails start at 5:45 PM, Speaker at 6:45 PM, Dinner at 7:15 PM (approx.)
Tavistock County Club – 100 Tavistock Lane, Haddonfield NJ
The price per person is $65.00.  Reservations due by March 11, 2019. 

The South Jersey Bankers Association invites you to join our March Dinner Meeting.  Our speaker will be Kenneth H. Thomas, Ph.D., President of Community Development Fund Advisors, LLC.  Dr. Thomas, the nation's leading CRA expert, author, and former Lecturer in Finance at The Wharton School, has been consulted by the Treasury Department, bank regulators and Congressional representatives on the current CRA reform process.  There are proposals to change basic CRA concepts such as the Assessment Area, the LMI focus, the definition of Community Development, the use of metrics, etc.  Dr. Thomas will review these proposals and how they may impact your bank’s CRA performance and next CRA exam.  For additional information or to make a reservation, contact Frank Rieder at frankrieder123@gmail.com.

Read More 

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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