If this page doesn't display properly in your email, click here. June 26, 2019
New Jersey Bankers Association
Women in Banking Conference Energizing - Captivating - Enlightening
That's what attendees said!

The NJBankers Women in Banking Conference’s nearly 440 attendees gathered at The Palace at Somerset Park for a program deemed energizing, captivating and enlightening. For the past nine years, the Conference has been planned by the Women in Banking Planning Committee which provides direction for the program content. The Conference features a General Session and three workshops designed to give the attendees a chance to personalize their experience from the Conference.

Nearly 440 attendees enjoyed a star line-up of speakers at the Conference.

A number of WIB Committee members gathered for a photo opp. Thanks to all who helped plan this well-received Conference over the past nine years!

Click here to check out more photos from the event! 

 
NJBankers in the News

The Impact of Banking on the New Jersey Economy - McWeeney Quoted
NJBankers President/CEO John E. McWeeney, Jr., was interviewed by Commerce magazine on the critical role that banks play in the state’s success and he discussed the challenges and opportunities for banks in the Garden State.

Affuso quoted in Reaching out to the unbanked Article
Michael P. Affuso, NJBankers EVP/Director of Government Relations, discussed the issue noting how the industry is trying to help. Nearly 25 percent of New Jersey residents are unbanked and underbanked, according to the biennial FDIC Economic Inclusion report.

 
Industry News

Agencies Issue Final Rule to Streamline Regulatory Reporting Requirements and Commit to Further Review of Reporting Burdens for Small Institutions
The FDIC, Fed and OCC have adopted a final rule to streamline regulatory reporting requirements for small institutions. The rule implements Section 205 of the Economic Growth, Regulatory Relief, and Consumer Protection Act.

Fed and CFPB issue final amendments to Reg CC regarding funds availability
The Federal Reserve and Consumer Financial Protection Bureau have jointly published amendments to Regulation CC that implement a statutory requirement to adjust for inflation the amount of funds depository institutions must make available to their customers. The amendments apply in circumstances ranging from next business day withdrawal of certain check deposits to setting the threshold amount for determining whether an account has been repeatedly withdrawn.

OCC Moves to Electronic Fingerprinting
The Office of the Comptroller of the Currency is moving to electronic fingerprinting to facilitate background checks performed in connection with applications and notices submitted to the OCC, including applications for charters, notices of acquisition of control, and notices to replace board members or senior management in certain institutions. The OCC will begin using the new process in July 2019.

Risk Management Guidance for Higher-LTV Lending Activities in Communities Targeted for Revitalization

The Office of the Comptroller of the Currency (OCC) continues to support the efforts of national banks, federal savings associations, and federal branches and agencies (collectively, banks) to assist distressed communities targeted for revitalization, stabilization, or redevelopment (collectively, revitalization) through responsible residential mortgage lending.   

FASB to Provide Relief on Libor Transition
As banks prepare to make the transition away from the London Interbank Offered Rate as a benchmark interest rate, the Financial Accounting Standards Board has approved staff proposals to provide relief from onerous accounting processes that would normally be required when contracts are modified.

Federal Reserve Bank of New York Business Leaders Survey
Growth in the region’s service sector slowed considerably, according to firms responding to the Federal Reserve Bank of New York’s June 2019 Business Leaders Survey. The survey’s headline business activity index fell fifteen points to 5.8, its lowest level since January. The business climate index fell to -1.2, its near zero value indicating that, on balance, firms regarded the business climate as normal.

 
 






UPCOMING EVENTS

Internet Profiling & Intelligence Gathering
TOMORROW - June 27, 2019

Opportunity Zones Seminar
July 10, 2019

Foreclosure Law Seminar 
July 17, 2019

The Bankers Cup
August 6, 2019

2019 Compliance University
September 11-12, 2019

See njbankers.com for details.

Other Industry Meetings
View Other Meetings
Mark Your Calendar
View Upcoming Events
NJBankers Welcomes New Members

NJBankers is pleased to announce that the following firms have joined the Association.  These firms recognize the value of membership in NJBankers and we applaud their support of the New Jersey banking industry.

                                                                      Moody’s Analytics 

                                                               Platinum Alarms & Service
 

                                                               Sills Cummis & Gross, P.C

 
Member News

1st Constitution to purchase Shore Community Bank for $53 million
Shore Community Bank in Toms River has agreed to sell to 1st Constitution Bancorp in Cranbury in a stock and cash transaction valued  at approximately $53.1 million.

Columbia Bank announces senior vice president for commercial banking
Oliver Lewis will lead Commercial & Industrial and Middle Market activities in Central and South Jersey, in addition to parts of Pennsylvania, for Columbia Bank.

Cross River acquires Seed small business banking platform
Cross River Bank, a Fort Lee-based provider of banking services, announced it has acquired Seed, an online small business banking technology platform.

First National Bank of Elmer may not be down the Shore, but it’s making inroads with seafood industry
When the First National Bank of Elmer got started 115 years ago, it was founded in a barbershop in its namesake Salem County borough. That’s at least an hour’s drive from the Shore. So, when the bank recently went fishing for a customer segment, what it came up with might be a surprise.

Peapack-Gladstone Bank Hires New Senior Managing Director, Commercial Private Banker
Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market:  PGC) and Peapack-Gladstone Bank are proud to announce the appointment of Jeffrey A. Glaush, Senior Managing Director, Commercial Private Banker.  Working out of the Bank’s Princeton location, Jeffrey is responsible for providing high-touch customized solutions through personal client service in the Bank’s Commercial and Industrial (C&I) business while servicing commercial businesses in the Tri-State and Delaware Valley Region.

PNC Bank’s Bowden elected Chair of the NJ Chamber of Commerce
Congratulations to Linda Bowden, PNC Bank Regional President of Northern NJ who was elected Chair of the New Jersey Chamber of Commerce. Bowden was confirmed by the Chamber board on June 6.  She has been serving as the Chamber’s first vice chair for the past two years. Bowden has been a member of the Chamber’s board of directors since 2009, and has served on the executive committee since 2013.

Provident Bank announces board appointment

Seasoned executive Ursuline Foley has been named to the board of directors for Provident Bank and Provident Financial Services Inc.

SB One Bank Hires Head of Commercial Lending , Anthony F. Desenzo, to Oversee the Commercial Lending Function of the Bank
SB One Bank announced the appointment of Anthony F. DeSenzo as Executive Vice President and Head of Commercial Lending, responsible for overseeing the Bank’s commercial lending department, supporting the growth of the bank’s loan portfolio and cultivating key business relationships within the bank’s markets.

 
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

The Bonadio Group Named a Best CPA Firm for Women and for Leadership Equity by the Accounting & Financial Women’s Alliance
The Bonadio Group has been designated a 2019 Best Accounting Firm for Women as well as a Best Accounting Firm for Equity Leadership by the Accounting & Financial Women’s Alliance (afwa.org) as part of the Accounting MOVE Project. This marks the fourth year on the list for The Bonadio Group, which was noted for maintaining its focus on advancing women with 39% women partners and principals.

Together, All the Way®: Cigna Recognizes COCC for Employee Well-Being
Cigna has selected COCC as one of three Connecticut companies as a recipient of the 2019 Well-Being Award, recognizing its passion and investment in employee health. This award highlights companies in various industries that change the workplace culture through leadership, organizational foundation, policy and environment, program implementation, and participation. With more than 400 applicants nationwide, COCC was awarded the distinction of Honorable Culture of Well-Being.

Fiserv Named “Best in Class” Core Banking Provider by Aite Group
A focus on API-enabled integration, responsive design and the delivery of a unified user experience have earned Fiserv  the “best-in-class” ranking among U.S. core banking system providers in a recent report from global research and advisory firm Aite Group. The report explores key trends within the core system market and recognizes vendors for their strengths in critical areas. Fiserv is the only provider to achieve the best-in-class status this year.

 
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 Bankers Cup Golf and Networking Outing

Tuesday, August 6, 2019 - Fiddlers Elbow Country Club
Join more than 200 NJBankers members for a day of networking and connections at The Bankers Cup. Gain visibility and recognition at our premier golf outing through a sponsorship. Sponsorships available! Contact Jenn Zorn at 908-272-8500 ext. 611 or jzorn@njbankers.com.    

Read More 

 
NJBankers Senior Management Conference

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

Registration is now open!
Your guidance drives the success of your bank. Your C-level and Senior management team put your vision into action. Your directors have the duty to govern your bank prudently.

At the Senior Management Conference, discover the top trends and topics that will help you guide your bank to excellence. Learn how AI isn’t science fiction but a solution. Explore if M&A is the way to drive deposits. Examine the most frightening cybersecurity threats. And that’s just the General Session. Take a look at the program and take advantage of a Conference combining the information you need with social & networking opportunities like receptions with savory and sweet treats, the acclaimed golf tournament & fishing excursion.

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.

Click here to start your journey of discovery 

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

Internet Profiling & Intelligence Gathering
TOMORROW - 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.     

2019 Compliance Conference
Wednesday, September 11, 2019 - Thursday, September 12, 2019
The Sheraton Edison Raritan Center

Compliance managers must first identify the most significant compliance risks and then propose and maintain controls to mitigate those risks. Questions continue to emerge and Compliance University presents timely topics to ensure that you have the tools for a successful compliance program.

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.

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