If this page doesn't display properly in your email, click here. May 15, 2019
New Jersey Bankers Association
NJBankers Annual Conference in CO was a Rocky Mountain High for All

The NJBankers Annual Conference was held this year at the famed Broadmoor in Colorado Springs, CO. The resort sits at 6,035 feet, or 1.14 miles above sea level. To give an idea of how high that is, consider that Cranford NJ, where NJBankers has our office, is 82 feet above sea level. High Point State Park, the highest elevation in NJ, is 1,804 feet. See?  Attendees experienced  a  Rocky Mountain high for sure!

The conference drew 50 banks and 72 associate members and other business firms who understand the value of attending the Conference for educational sessions, the line-up of distinguished keynote speakers and Concurrent Sessions led by NJBankers Service Provider experts who provided practical and productive information for attendees. 

Click here for more photos and conference highlights!

Installation of Officers

At the Annual Conference, the new officers of the Association are installed. The leadership for the NJBankers 2019 – 2020 fiscal year includes:

Chairman – Thomas J. Kemly, President/CEO, Columbia Bank
First Vice Chairman – Thomas J. Shara, President/CEO, Lakeland Bank
Second Vice Chairman – John S. Fitzgerald, President/CEO, Magyar Bank.

William D. Moss, NJBankers Chairman for the 2018 – 2019 Fiscal Year and Chairman/President/CEO, Two River Community Bank, administered the Oath of Office and presented the ceremonial gavel to Kemly.

Service to the Banking Industry Celebrated at the Annual Conference

Geri Kelly, Columbia Bank EVP/Human Resources Officer was honored for serving the banking industry for 40 years. Geri is Chairman of the NJBankers Human Resources Committee as well as Chair of the Women in Banking Committee. John E. McWeeney, Jr., President/CEO of NJBankers presents the award to Geri Kelly. Congratulations and thank you for your commitment and service, Geri!



Commercial Real Estate Conference
May 30, 2019

EFLG Leadership Conference
Wednesday, June 5, 2019

Women in Banking Conference
June 12, 2019

Bank Security Seminar
June 20, 2019

Internet Profiling & Intelligence Gathering
June 27, 2019

See njbankers.com for details.

Other Industry Meetings
View Other Meetings
Mark Your Calendar
View Upcoming Events
Forrey-Gallman Award Bestowed Upon James Silkensen

The Forrey-Gallman Award was bestowed upon a familiar name to NJBankers members, staff and New Jersey Banking Industry.  The Award honors those who have demonstrated long-term outstanding service to the industry. It is named for Robert C. Forrey and Emil A. Gallman, longtime chief executive officers of the New Jersey Bankers Association and the New Jersey Savings League, respectively, who inspired association members with their leadership in assuring that members were well represented in the areas of government relations, public relations and educational opportunities. Here, NJBankers President/CEO, John E. McWeeney, Jr. (left) presents the award to James R. Silkensen.

This year, the Award went to James R. Silkensen, former Co-president and Co-CEO of the Association and now a Director at Somerset Savings Bank. Jim was an indispensable leader for the combination of the League and legacy NJBankers working with present President/CEO John McWeeney. He represented the Association before both Garden State and Federal legislators and regulators. Congratulations, Jim, for being recognized with this award!

Community Service Awards- Where Members are Applauded for Supporting the Communities They Serve

Members were recognized for outstanding service to their neighbors in the communities they serve with the NJBankers Community Service Awards. The NJBankers Public Relations and Marketing Committee initiated the Award program as a way to recognize the many civic and charitable activities that are conducted by member banks throughout the year.

The awards are determined by independent judges who are members of the PRSA.

This year, the following banks were honored with awards:

In  the  below  $300  Million  dollar  deposits category
• Metuchen Savings Bank

In  the  $300  Million  to  $500  Million  dollar  deposits category
• Roselle Bank

In  the  $500  Million  to  $999  Million  dollar  deposits  category
• 1st Constitution Bank

In  the  $1 Billion  to $2  Billion  dollar  deposits  category
• Boiling Springs Savings Bank

In  the  $2 Billion  to $5  Billion  dollar  deposits  category
• Peapack – Gladstone Bank

In  the  more than $5  Billion  dollar  deposits  category
• Provident Bank

In  the  large  national  bank  category
• TD Bank

Congratulations to these members for supporting your neighbors, customers and communities!

Marijuana Conference Reviews Implications of Banking Cannabis Businesses

The legalization of marijuana for recreational use presents challenges for NJ banks because though it would be legal in NJ, it is still illegal in the federal government’s eyes. Marijuana banking has become one of the most talked about issues in the state. With that, NJBankers brought in experts who presented the latest information and guidance for NJ banks at the Marijuana Conference that was held in April. A packed house of bankers attended this seminar to learn more about its impact on their banks from BSA to Lending to Retail and more.

NJBankers in the News

The Impact of NJ's Banking Industry to the State's Economy, McWeeney Quoted in New Jersey Business Magazine
From jobs to generated state and local taxes, financial institutions continue to play a critical role in the state's success. The New Jersey Bankers Association, in conjunction with the Edward J. Bloustein School of Planning and Public Policy, Rutgers University, has released the results of a study on the impact that New Jersey's banking industry has on state's economy.

Industry News

Household Debt Climbs for 19th Consecutive Quarter
The NY Fed’s Center for Microeconomic Data’s latest Quarterly Report on Household Debt and Credit reveals that total household debt rose by $124 billion to reach $13.67 trillion in the first quarter of 2019—an increase of 0.9 percent, compared to a rise of 0.2 percent in the fourth quarter of 2018. This past quarter, balances climbed by 1.3 percent on mortgages, 0.5 percent on auto loans, and 2.0 percent on student loans, while total credit card balances fell by 2.5 percent.

FDIC Issues FIL for Proposed Revisions to the Consolidated Reports of Condition and Income
The Federal Financial Institutions Examination Council (FFIEC), is requesting comment on proposed revisions to the Consolidated Reports of Condition and Income (Call Report) that would introduce reporting requirements associated with the agencies' recently proposed Community Bank Leverage Ratio (CBLR). The proposed Call Report revisions also address proposed amendments to the FDIC's regulations that would apply the CBLR framework to the deposit insurance assessment system. Institutions are encouraged to comment on the Call Report proposal by June 18, 2019.

Fed Floats Extended Hours to Facilitate Same-Day ACH

The Federal Reserve is seeking public comment on whether the Fed banks should extend the daily operating hours of the National Settlement Service and Fedwire Funds Service to facilitate adoption of a third same-day ACH processing and settlement window.

FinCEN Issues Guidance on Convertible Virtual Currencies
The Financial Crimes Enforcement Network has issued guidance on how its regulations apply to money transmission involving convertible virtual currencies.

Fed Transfers SAFE Act Rulemaking Authority to CFPB
The Federal Reserve has approved final amendments transferring its rulemaking authority for the Secure and Fair Enforcement Mortgage Licensing Act—which mandates a nationwide licensing and registration system for residential mortgage loan originators—to the CFPB. 

Member News

Investors Bank has appointed Michael MacIntyre as Director of its Business and Government Banking units
Michael MacIntyre is responsible for building out the business banking franchise. He will be recruiting numerous bankers to serve clients across the bank’s footprint. He also will be managing the introduction of digital, financial services technologies to rapidly evolve the bank’s business banking operations.

Unity Bank is Top Ranked New Jersey Community Bank on American Banker Magazine’s Top 200 List
Unity Bancorp, Inc. (NASDAQ: UNTY), the parent company of Unity Bank, was the top ranked New Jersey community bank on the recently published American Banker magazine list of the Top 200 Publicly Traded Community Banks. Unity was ranked 13th nationally on the respected industry list, which reviewed 601 institutions throughout the U.S.

Lakeland Bank Celebrates 50 Years of Relationship Banking and Community Commitment
Half a century after opening its doors for business in Newfoundland, N.J., Lakeland Bank has grown to a network of more than 50 offices throughout the state. In every market Lakeland Bank serves, it is committed to meeting the financial needs of the local residents and businesses, as well as helping to build a community that is healthy and vibrant. To commemorate its 50th anniversary which is officially May 19, 2019, Lakeland Bank will be hosting a series of activities.

Following Renovations, Roselle Bank to Celebrate 130th Anniversary with Grand Re-Opening Events
Roselle Bank, which has served central and northern New Jersey for nearly 130 years, will celebrate the completion of renovations to its main branch and headquarters buildings – as well as the institution’s 130th birthday – with a pair of mid-May events. 

Endorsed Service Provider News

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.
Associate Member News

Former FDIC General Counsel Charles Yi Joins Arnold & Porter
Charles Yi has joined Arnold & Porter as partner in the Financial Services and Legislative and Public Policy practices. He will be resident in the firm's Washington, DC office.

Registration Opens for Abrigo’s Inaugural ThinkBIG Conference Featuring CECL, Lending, and Risk Experts and Discussions
Abrigo, the leading technology provider of compliance, credit risk, and lending solutions for community financial institutions, has opened registration for its inaugural ThinkBIG Conference, set for September 24-26 at the Loews Sapphire Falls Resort at Universal Orlando.

Bruce Zicari Takes the Helm as CEO of The Bonadio Group
May 1, 2019 marked a milestone for The Bonadio Group as Bruce Zicari begins his tenure as the firm’s new CEO. Tom Bonadio has held the position of CEO since he founded the company in 1978.

The Bonadio Group Named One of the 2019 Best Workplaces in Consulting and Professional Services by Great Place to Work® and FORTUNE
Great Place to Work and FORTUNE have honored The Bonadio Group as one of the 2019 Best Workplaces in Consulting and Professional Services. The Bonadio Group took the 19th spot on the list, the highest ranked CPA firm in the country among the small/medium companies.

Vikar Technologies Wins Top Software Company Award at NJ Tech Council Venture Conference
Vikar Technologies, a software provider focused on the needs of community and regional banks and wealth management firms, announced that it has won the award for “Top Software Company” at the New Jersey Technology Council’s 2019 Venture Conference. The Venture Conference, which is held annually, is a showcase for the region’s most promising software companies. This year’s event offered early stage companies and start-ups an opportunity to provide their “investor pitch” to an expert panel of judges. 

Volunteer Today! NJBankers Continues Philanthropic Parternership with Eva's Village

NJBankers is excited to announce that we will be continuing our philanthropic partnership with Eva’s Village this year. Together we led a highly successful first year with Eva’s Village by donating a total of $30,000 which provided 51,600 meals to homeless and indigent individuals. Your generosity has been noted and you’ve made a huge difference in people’s lives. We encourage your participation. Volunteer spots fill up fast. Please contact Erin Suckiel at esuckiel@njbankers.com or 908-272-8500 ext. 629 to participate.

The New Jersey Bankers Association Joins ABA Foundation's Safe Banking for Seniors Campaign

NJBankers is joining the American Bankers Association Foundation’s Safe Banking for Seniors campaign. Through the program, NJBankers will mobilize bankers across New Jersey to educate older Americans, their caregivers and other family members about how to identify and prevent elder financial exploitation.

“NJBankers President and CEO John E. McWeeney, Jr. noted that “New Jersey’s banking community is committed to protecting senior citizens because they should be able to live free of abuse. Bankers are trained to look for signs of financial abuse and take this very seriously. Bankers also reach out directly to the elderly in the communities they serve with guidance for recognizing if their finances are being compromised.”

Registered bankers receive free turn-key materials, lesson plans, guides, handouts as well as traditional and social media outreach tools to connect with their communities about:

- Identifying and avoiding scams;
- Preventing identity theft;
- Choosing a financial caregiver; and
- Acting as a responsible financial caregiver.

Banks can click here and register for free to receive the complete collection of resources at aba.com/seniors. Be sure to opt-in to the new FinEdLink component, which enables community groups to reach out to your bank and request a banker-led Safe Banking for Seniors presentation. Feel free to contact Sam Kunjukunju at the ABA Foundation with any questions, SKunjukunju@aba.com.

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

Commercial Real Estate Conference
Thursday, May 30, 2019 - The Sheraton Edison Raritan Center
CPE and CLE Credits will apply

Competition, new business models, the regulatory environment and technology are redefining the commercial real estate landscape. The growth in commercial real estate CRE lending has surged in recent years. What is the risk that CRE lending poses today and what are the potential sources of problems? Our panel of experts from regulatory agencies will discuss risk factors and present hot button issues for keeping your portfolio in compliance.

EFLG Leadership Conference
Wednesday, June 5, 2019 - Kean University

Gain leadership insights from bank CEO's and learn how to be an effective leader in the banking industry in this highly interactive conference.

Annual Women in Banking Conference
Wednesday, June 12, 2019 - The Palace at Somerset Park

The Women in Banking Conference is your opportunity to unlock your potential, build confidence and help you chart a course so you can own your future! This conference, where women take the lead, encourages professional development and leadership in your bank while also promoting the importance of fostering relationships and inspiring women to reach their career goals and aspirations.

Bank Security Seminar
June 20, 2019 - The Hilton Garden Inn Edison Raritan Center
Credits will apply

Who Should Attend? A one-day continuing education security seminar for anyone with responsibilities in bank security, risk management, bank operations or administration, legal counsel and fraud prevention.

Internet Profiling & Intelligence Gathering
June 27, 2019 - NJBankers Office
In this seminar, you will learn how to utilize correct search patterns and open sources for social media platforms.  For example, Facebook can be used to ascertain information on associations and pictures even if the "walls" are closed. Hashtag conversations can be followed - even over different social media platforms. Discover the inside knowledge and approaches that successful investigators gather from Open Source Intelligence.

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.

Whether a seasoned director or new to the responsibility, directors 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 

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.

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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