If this page doesn't display properly in your email, click here. June 12, 2019
New Jersey Bankers Association
NJBankers Charitable Foundation is Beneficiary of $11,620

Recently, Katherine Liseno, Retired President/CEO of Metuchen Savings and a Director of Manasquan Bank, and Michael Shriner, President/CEO of Millington Bank and an NJBankers Director, made a contribution of $11,620 to the NJBankers Charitable Foundation on behalf of the former Central Jersey Savings League. The League has been defunct for a number of years so Kathy and Mike thought it appropriate to support the Foundation.

All of us at NJBankers thank Kathy and Mike for the thoughtful and meaningful gesture. The Foundation will certainly put this contribution to good use!

 
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 21, 2019.
Get started now.

Participate Today! 

 
Snap to it!

NJBankers welcomed a special visitor today. This snapping turtle said hello, tried to bite us and then was taken to a safe place. We thought we’d share a photo of this wild yet beautiful critter! Safe travels, Snappy! 

 
NJBankers in the News

Banks help seniors fight financial abuse
New Jersey banks are partnering with senior-focused community groups throughout the state to educate older Americans on how to bank more securely. Bankers are sharing information on how to: choose the right financial caregiver, detect financial abuse, and avoid scams targeting older adults as part of this campaign. 

 
 






UPCOMING EVENTS

Bank Security Seminar
June 20, 2019

Internet Profiling & Intelligence Gathering
June 27, 2019

Opportunity Zones Seminar
July 10, 2019

Foreclosure Law Seminar 
July 17, 2019

The Bankers Cup
August 6, 2019

See njbankers.com for details.

Other Industry Meetings
View Other Meetings
Mark Your Calendar
View Upcoming Events
Industry News

Banker Feedback Helps Focus FDIC Efforts to Better Address their Needs
Over the past year, Federal Deposit Insurance Corporation (FDIC) Chairman Jelena McWilliams has been meeting with local bankers, state supervisors, and consumer groups to obtain feedback on many important topics, including: the needs of their local communities, the FDIC's regulatory approach, and ideas to promote economic inclusion.

OCC Extends Dodd-Frank Act Stress Test Requirements Through November 25, 2019
Because national banks and federal savings associations (FSAs) with consolidated assets between $100 billion and $250 billion will not be subject to the Dodd-Frank Act Stress Test (DFAST) requirements as of November 24, 2019, the OCC extended the deadline for compliance with the DFAST requirements for those banks to November 25, 2019.

NJBankers and State Bankers Associations Support Beneficial Ownership Bill
A group of 51 state bankers associations, including NJBankers, wrote to House Financial Services Committee leaders in support of Maloney's Bill calling for the Financial Crimes Enforcement Network to create a database of beneficial ownership information. The bipartisan bill, which would require corporations and limited liability companies to self-report beneficial owners to FinCEN at the time of formation, is expected to be considered by the committee this week.

Waters, McHenry Reach Consensus on Flood Insurance
In a long-awaited move, House Financial Services Committee Chairwoman Maxine Waters (D-Calif.) and Ranking Member Patrick McHenry (R-N.C.) announced that they have reached an agreement on a five-year extension of the National Flood Insurance Program.  

FDIC Quarterly Banking Profile: Bank Performance Remains Strong in Q1
FDIC-insured banks and savings associations earned $60.7 billion in the first quarter of 2019, an increase of $4.9 billion from the industry’s earnings a year before, the FDIC noted in its Quarterly Banking Profile. The agency attributed the growth to higher net interest income, which reflected a modest growth in interest-earning assets and wider net interest margins. Net interest income was up 6% year-on-year, totaling $139.3 billion. The average net interest margin was 3.42%, up 10 basis points from a year ago as average asset yields grew more rapidly than funding costs. Noninterest income fell by $2 billion year-on-year due in part to lower servicing fees. Average return on assets was 1.35% for the quarter.

Beige Book: Economic Activity Increases to Modest Pace
The economy grew across most Federal Reserve districts at a modest pace, the Federal Reserve reported in its fourth Beige Book release of 2019. Loan demand was mixed, but grew overall, the Fed noted, and the economic outlook across the districts remained positive but modest. Consumer spending reports were generally positive but tempered.

 
Member News

Amboy Bank’s Cyndi Bleier named 2019 Winner at General Counsel of the Year Awards
Cyndi Bleier, Amboy Bank Senior Vice President and General Counsel accepts her award as the 2019 winner of the General Counsel of the Year Awards in the Private Company with Revenue Over $500 Million category. 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.

Atlantic Stewardship to merge into Columbia Bank
Columbia Bank, based in Fair Lawn, announces merger with Midland Park-based Atlantic Stewardship Bank.

Boiling Springs Savings Bank Hires Daniel Chen as Executive Vice President and Chief Financial Officer
Boiling Springs Savings Bank's Board of Directors is delighted to announce that Daniel Chen has joined the Bank as Executive Vice President and Chief Financial Officer to lead the treasury, capital, and financial reporting; and strategy.

ConnectOne completes BoeFly acquisition
ConnectOne Bancorp Inc. has wrapped up its previously announced acquisition of BoeFly LLC, an online business lending marketplace based in New York and Boston.

Independent Banker Announces Winners of 40 Under 40: Emerging Community Bank Leaders
Independent Banker, the magazine of the Independent Community Bankers of America, asked for nominations for emerging leaders under the age of 40. NJBankers is pleased to recognize two of our EFLG (Emerging Financial Leaders Group) participants deemed young innovators who are making waves in the industry while still managing to keep their communities front and center. We congratulate Nick Martin, Marketing Coordinator and Assistant Treasurer, Manasquan Bank and Chris Rozewski, Vice President and Head of Data and Analytics, Peapack-Gladstone Bank for receiving this honor where 40 bankers are chosen from community banks located throughout the nation.

TD Bank’s Braca signs diversity and inclusion pledge
TD Bank announced that Greg Braca, its chief executive officer and president, has signed on to the CEO Action for Diversity & Inclusion pledge. As part of the group of signatories, TD has promised to cultivate a workplace that welcomes and respects diverse perspectives and where employees feel encouraged to discuss diversity and inclusion

Wells Fargo Announces New Commercial Banking Structure for NJ and US
Wells Fargo & Company announced changes to its national leadership team and regional structure for its commercial banking business.

 
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

Genova Burns LLC Partner Sworn In As New Board Trustee with the New Jersey State Bar Association
Kathleen Barnett Einhorn, partner at Genova Burns LLC, was sworn into the Board of Trustees of the New Jersey State Bar Association.  Einhorn was selected to serve as an at-large trustee, along with two other new members, during the Association’s meeting. 

Riker Danzig’s Quraishi appointed federal magistrate judge
Zahid Quraishi, a partner, white-collar defense chairman and chief diversity officer at Riker Danzig Scherer Hyland & Perretti, has been appointed U.S. magistrate judge in the District of New Jersey’s Trenton vicinage.

 
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 Tomorrow, 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.

 
NJBankers Senior Management Conference

Sunday, September 22, 2019 – Tuesday, September 24, 2019

At the NJBankers Senior Management Conference, experienced C-suite and senior managers learn how to accelerate the excellence, perception, and influence of your financial institution. Discover new strategies and proven tactics for tackling your bank’s challenges.

Don’t miss the networking reception on Sunday evening. On Monday, breakfast will be followed by a keynote session on Artificial Intelligence for Banking led by experts from Strategic Resource Management. Don’t forget the ever popular golf tournament and fishing!

On Tuesday, just some of our Keynote Speakers include: Jack Vonder Heide, Founder, Technology Briefing Centers; Charles Yi, Partner, Arnold & Porter and Former General Counsel, FDIC; and Kathryn Underwood, President/Chief Executive Officer, Ledyard National Bank.

Registration will open soon! This year, take advantage of the early bird discount if you register by August 23rd

Make your hotel reservations NOW at https://book.passkey.com/go/GBNJA19.

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

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.

Opportunity Zone Seminar
Wednesday, July 10, 2019
2 CPE / 2 CLE will apply - NJBankers Office
The federal Opportunity Zone program was enacted as part of the Tax Cuts and Jobs Act of 2017 and has been the hot topic of discussion in the real estate, finance and investment world.  In this seminar, participants will learn the details, process and associated benefits of this new transformative economic development tool.  After the session, attendees will be in a position to take advantage of this new program and utilize it in their investment, financial and real estate related activities.

Regulatory Visit to Washington D.C.
Thursday-Friday, October 3-4, 2019
There’s empathy and movement in Washington regarding the regulatory burden on banks and the ability to address the needs of consumers and businesses in the communities they serve. Success on the regulatory front depends on action and NJBankers is providing the opportunity to be heard. The Regulatory Visit to Washington connects NJBankers members with the FDIC, OCC, Federal Reserve, CFPB, FHFA and Treasury for two days in the nation’s capital. Your participation is vital so regulators understand the concerns of the banking industry and incorporate them into their guidance.

 
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.

 
Individual Seeks Employment

Banking professional with over 30 years of Auditing, Credit Risk and (primarily) Loan Workout experience seeking to continue his career in the central New Jersey or New York City area. Primary career focus was to  manage troubled loans from transfer to settlement or dissolution including working with outside  counsel on documenting restructures and settlements. Companies covered a broad range of industries primarily in the middle market and large corporate portfolios. From time to time seconded to credit risk area to assist in analyzing troubled portfolios on a temporary basis as distressed trends developed for proper controls, reserves etc. In recent years served as a liaison with line area lenders to correct minor defaults in order to prevent formal transfer of the credits to the workout department.

Please contact Erin Suckiel (908-272-8500, ext. 629; esuckiel@njbankers.com) for a copy of the resume.

 

        

 
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