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New Jersey Bankers Association
2019 NJBankers/Crowe Bank Compensation and Benefits Survey
Exclusive Offer on 2019 Bank Compensation Survey - Participate Now

For more than 30 years, Crowe has conducted a comprehensive annual survey of compensation-related practices in the banking industry. This year, the survey report will provide salary and bonus benchmarks for 263 positions as well as information on benefits, incentives, director compensation, succession planning, and human resource practices. It will also allow you to benchmark your bank’s compensation practices against those of other similar banks.

The survey results can help you address questions such as:
•   Are our employees being paid competitively?
•   What are banks planning for salary increases?
•   Is our executive compensation package competitive?
•   How do our director fees compare to others?
•   What can we do to control the costs of benefits?
•   How do our human resource programs compare with those of other banks?

In addition, by participating in the survey, you will receive access to exclusive thought leadership and a substantial discount off the retail price of the survey report. You must complete the entire survey to be eligible for the report discount.

The deadline has been extended to June 14, 2019.
Get started now.

Participate Today! 

 
NJBankers in the News
Kemly named chairman of NJ Bankers for 2019-20
Thomas Kemly, the CEO and president of Columbia Bank, has been named chairman of the New Jersey Bankers Association for its 2019-2020 fiscal year, the group announced.

NJBankers announces Columbia Bank’s Kemly as 2019-2020 chair
Thomas Kemly, Thomas Shara and John Fitzgerald have been installed as officers and board members for the New Jersey Bankers Association’s 2019 – 2020 fiscal year.
 
Industry News

Federal Reserve Bank of New York Business Leaders Survey
Activity in the region’s service sector grew strongly, according to firms responding to the Federal Reserve Bank of New York’s May 2019 Business Leaders Survey. The survey’s headline business activity index climbed ten points to 20.6, its highest level in several months.

Fed Survey: Unbanked Share of Americans at 6%
As economic growth continued, the number of unbanked Americans dropped to 6% in 2018, according to the Federal Reserve’s annual Report on the Economic Well-Being of U.S. Households. The figure was down from 8% in 2015; meanwhile, the number of “underbanked” Americans—those with a bank account but who also use alternative financial services such as money orders or check cashing—fell from 21%  in 2015 to 16% in 2018.

Richard Dzina and Simon Potter to Step Down from New York Fed
The Federal Reserve Bank of New York has announced that Simon Potter, executive vice president and head of the Markets Group, and Richard Dzina, executive vice president and head of the Financial Services Group, will be stepping down from their respective roles effective June 1, 2019.

OCC’s Risk Outlook Reflects Strong Economy, Healthy Banks
According to the recently released OCC Semiannual Risk Perspective report, while banks continue to show strong asset quality, capital and liquidity and earnings amid positive economic conditions, they should remain vigilant about underlying credit and liquidity risks that could begin to creep up. 

FinCEN Announces Its Innovation Hours Program
The Financial Crimes Enforcement Network (FinCEN) has announced the FinCEN Innovation Hours Program to better shape and inform its ongoing engagement with Anti-Money Laundering (AML)/Countering the Financing of Terrorism (CFT) innovators.  The Program will provide financial technology (FinTech) and regulatory technology (RegTech) companies and financial institutions the opportunity to present their new and emerging innovative products and services to FinCEN.

Application Deadline for CRCM Certification Exam is June 3
The deadline for applying for ABA’s Certified Regulatory Compliance Manager certification exam which will be held in August is Monday, June 3. The CRCM certification is open for applications from individuals with a minimum of three years of experience who have completed approved training.
 
FDIC Resolves Payday Lender Lawsuit
The FDIC has resolved a lawsuit with Advance America, Cash Advance Centers, Inc.; Check Into Cash, Inc.; and Northstate Check Exchange.

FDIC Will Conduct Banker Teleconference Series on Private Flood Insurance
The FDIC's Division of Depositor and Consumer Protection (DCP) will conduct an interagency webinar scheduled for Tuesday, June 18, 2019, that will focus on the recently issued interagency final rule on private flood insurance. The session is free, but registration is required. 

 
 






UPCOMING EVENTS

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
Member News
Amboy Bank appoints new executive officers
Gregory Scharpf, Amboy Bank President and CEO, recently announced the hiring of a new officer and the promotion of another. Joseph Cascella is joining the bank as Chief Credit Officer, and Eileen Roemer has been promoted to Chief Financial Officer.

Amboy Bank’s Cyndi Bleier named an NJBIZ General Counsel of the Year Awards Finalist
Cyndi Bleier, Amboy Bank Senior Vice President and General Counsel, has been named as a finalist in this year’s General Counsel of the Year Awards. Presented by NJBIZ, the awards honor the state’s most dynamic General Counsels and Chief Legal Officers who are making an impact in their field.


Lakeland Bank appoints new healthcare lending team
Thomas Shara, president and CEO of Lakeland Bank, announced the appointment of Ron Krauskopf and Roberto Camacho to the Bank’s newly formed Healthcare Lending Team in Bernardsville.

OceanFirst Bank appoints Svizeny president of greater Philadelphia area
OceanFirst Financial Corp.’s subsidiary, OceanFirst Bank announced the appointment of Susanne Svizeny as president of the greater Philadelphia region.

NJ LEEP to honor Wells Fargo exec at annual gala in Jersey City
NJ LEEP announced that C. Allen Parker, interim chief executive officer and president of Wells Fargo, will be honored at its annual Leadership in Diversity Gala at the Westin in Jersey City.
 
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

Abrigo Announces Partnership with E-Crime Intelligence Leader Q6 Cyber
Abrigo, a leading technology provider of compliance, credit risk, and lending solutions for community financial institutions, announced today its partnership with Q6 Cyber. Q6 Cyber is a leading provider of e-crime intelligence to financial institutions worldwide.

McCarter & English adds former chief judge to roster
A former federal district chief judge has joined McCarter & English LLP’s Newark office as a partner, the law firm. Jose Linares, former chief judge of the U.S. District Court for the District of New Jersey, will lead the Newark-based firm’s Alternative Dispute Resolution practice starting Wednesday, it said in a news release.

NECB is celebrating 110 years in Education
Associate Member NECB is celebrating their 110th year anniversary. NECB is offering 110 “Community Building Scholarships”, valued at $1,000 each for undergraduate students and $2,000 each for graduate students.

Riker Danzig Partner Elected to Chair of the Taxation Section of the New Jersey State Bar Association
Riker Danzig Scherer Hyland & Perretti LLP announced that Jason Navarino, a partner in Riker Danzig's Corporate and Tax Groups, has been elected Chair of the Taxation Section of the New Jersey State Bar Association. The announcement was made at the Annual NJSBA Convention in Atlantic City.  

SHAZAM announces new credit card program
SHAZAM's new credit card program is configured to pass 100 percent of the direct revenue through to the financial institution, including interest, interchange and cardholder fees.

 
Join us for a special meeting you won't want to miss!

Our CFO Committee is holding a special meeting event that might be of interest to you and is taking place on Thursday, June 13th at 10:30 a.m. at TopGolf in Edison. We have both a terrific speaker and a fun venue so this is one event that you won’t want to miss. Our speaker is Mike Kirby, Vice President of Cybersecurity and Risk Services for FIS.

Please reply to Lauren at lbarraza@njbankers.com or 908-272-8500 x618 as soon as possible to advise if you will be attending this special event.

Read More 

 
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. Members' 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.

 
ABA to Host Webinar on Protecting Older Americans

Tuesday, June 4, 2019
3:00 PM EDT - 4:00 PM EDT
Older Americans—those over the age of 50—account for 61% of all bank depositors and hold 70% of all deposit balances. In addition, these individuals are increasingly the targets of fraud and scams. To help banks ensure that their senior customers are protected, ABA will host a free webinar on June 4 at 3 p.m. EDT to provide an overview of current federal regulations governing banks’ responses to elder financial exploitation. Presenters will also discuss ABA resources available to help banks combat elder financial fraud and abuse.

Register for the webinar. 

 
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. View the 2019 schedule of seminars and events. The schedule can be found here.

 

        

 
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