If this page doesn't display properly in your email, click here. September 4, 2019
New Jersey Bankers Association
1st Annual OceanFirst Bank Against Bank Cornhole Tournament

The 1st annual OceanFirst Bank Against Bank Cornhole Tournament on August 22nd was a great success!  Thank you to all the banks who joined us to make this a very special occasion; Fulton Bank, Wells Fargo, Northfield Bank, Regal Bank, Two River Community Bank,  Cross River, and NJBankers. Plus, a huge thank you to Double A for providing the music.

It was a gorgeous night on the Navesink River and the competition was fierce, meaning fiercely fun. In the end OceanFirst claimed the “King of the Corn” trophy in the final round against Fulton Bank.  We raised money for Literacy New Jersey thanks to contributions from Fulton Bank, NJBankers and the OceanFirst Foundation has matched that amount.  Next year, we hope to raise much more!

 
NJBankers Staff Attend State Association Peer Group Conferences

NJBankers is always looking for the best ways to serve our members and represent the New Jersey banking industry. With that, our staff participates in national conferences with other State Banking Associations to learn from industry experts and share ideas with one another.

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Industry News

Federal Reserve Bank of New York Business Leaders Survey
Activity in the region’s service sector continued to expand, according to firms responding to the Federal Reserve Bank of New York’s August 2019 Business Leaders Survey. The survey’s headline business activity index was little changed at 9.1. The business climate index held slightly above zero, indicating that on balance, firms regarded the business climate as better than normal. Employment levels rose modestly, and wage increases picked up.

In-Person CRCM Exam Prep Now Open for Applications
To help bankers prepare for the Certified Regulatory Compliance Manager certification exam, ABA is offering an in-person prep course in early 2020. Led by a faculty of leading industry experts, the program is designed to help bankers polish and strengthen their knowledge of compliance laws and regulations to gain the confidence to sit for the CRCM exam. The application period is now open for the next session, Feb. 10-14 in Reston, Va.

FDIC Consumer Publication Focuses on Fake Checks
The newest issue of the FDIC's Consumer News publication offers tips on how consumers can protect themselves from fake check scams. Outlining some of the more common scams, the FDIC identifies the telltale signs of a fraudulent check and gives advice on what consumers should do if scammed.

FDIC Clarifies Its Risk-Focused Approach to Exam Policies
In a financial institution letter, FIL-47-2019, the FDIC announced updates to its Risk Management Manual of Examinations Policies. A new section of the manual describes the FDIC’s long-standing examination philosophy and methods, improves transparency of the FDIC’s examination practices and reinforces the expectations placed on FDIC supervisory staff to conduct risk-focused, forward looking supervision.

FEMA Publishes Mitigation Strategy for Natural Disasters
The Federal Emergency Management Agency has published a national mitigation investment strategy intended to provide “a national, whole-community approach to investments in mitigation activities and risk management across federal, state, tribal, territorial and local government and the private and nonprofit sectors.” The strategy involves investments in mitigation resources and activities to reduce the potential consequences of natural disasters like floods, wildfires and hurricanes.

FDIC Approves Interagency Final Rule to Simplify and Tailor the "Volcker Rule"
The Federal Deposit Insurance Corporation (FDIC) has approved an interagency final rule to simplify and tailor requirements related to Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, commonly known as the "Volcker Rule."

FinCEN Issues Warning on Illicit Fentanyl Scams
The Financial Crimes Enforcement Network has issued an advisory to financial institutions on illicit financial schemes related to the trafficking of fentanyl and other synthetic opioids. The advisory is intended to help banks detect and report illicit activity that is perpetuating the ongoing opioid crisis.  

FDIC Deposit Recordkeeping Final Rule Takes Effect in October
A recently approved final rule to amend Part 370 of the FDIC’s regulations for “recordkeeping for timely deposit insurance determination” will take effect Oct. 1, 2019. The regulations require banks with at least two million deposit accounts to upgrade deposit recordkeeping so that the FDIC could use the system of a subject bank to make deposit insurance in the event of failure.

 
 






UPCOMING EVENTS

2019 Compliance University
September 11-12, 2019

Annual Senior Management Conference 
September 22-24, 2019

Cybersecurity Incident Response Planning Seminar 
October 3, 2019

Regulatory Visit to Washington, DC
October 3, 2019

Enterprise Risk Management Conference
October 15, 2019


FDIC Directors College
October 17, 2019

EFLG Volunteer Day 2019
October 17, 2019

See njbankers.com for details.

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

Provident Bank and Rutgers Athletics team up
Provident Bank is teaming with Rutgers on a deal that will provide the Jersey City-based financial institution with new exposure through marketing and promotional efforts, and enjoyment at football and men’s and women’s basketball games.

Valley, Oritani bank merger receives OCC regulatory approval
Valley National Bancorp announced that it has received regulatory approval from the Office of the Comptroller of the Currency to complete its merger with Oritani Financial Corp. 

 
Helen Keller Services Names Investors Bank President and Chief Operating officer Domenick A. Cama Gala Honoree

Helen Keller Services (HKS) will hold its 40th Annual Gala on September 26th, 2019, at the Brooklyn Botanic Garden with Investors Bank President and Chief Operating Officer Domenick A. Cama serving as honoree. Longtime HKS friend and five-time Emmy Award winner Amy Freeze of Channel 7’s Eyewitness News will return as Master of Ceremonies. The announcement was made by HKS’ new President and CEO Kim Zimmer.

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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.

Learn Bond Basics with your Peers at The Bond Academy Presented by ICBA Securities
October 21-22, 2019
Embassy Suites, Memphis, TN


The Bond Academy is designed to provide community bankers with the basic knowledge needed to help plan and create effective investment portfolios. This all new curriculum has been specifically designed to equip a new portfolio manager with basic portfolio management issues. Specifically, fundamentals of bond pricing, valuation, and selection will be covered extensively.  You’ll learn the basics of the bank portfolio investment process.

 
Associate Member News

The CEIS Quarterly- Q3- 2019
CEIS Review Inc. is a Commercial Loan Portfolio Consulting firm serving the needs of Commercial Lending Institutions. In this issue of their newsletter, they discuss the results of the most recent Federal Reserve Senior Loan Officer Opinion Survey (“SLOOS”) which covers insights on Bank’s lending standards and practices, and how they have changed over time; then they take a look at the elements and importance of having an appropriate Credit Risk Rating System at your Institution.

Lubertazzi named chairman of McCarter & English executive committee
Joseph Lubertazzi Jr. has been named chairman of McCarter & English LLP‘s executive committee, effective Oct. 1. Lubertazzi is a partner in McCarter’s bankruptcy and commercial litigation practice and has been with the firm for more than three decades.

Tetherview Presents Cybersecurity Summit
September 19, 2019
Location: Oppenheimer & Co. Inc.,
85 Broad St, 22nd Fl, New York, NY
TetherView is pleased to announce the Second Annual Cybersecurity Summit in the heart of New York, co-hosted with Oppenheimer & Co, TetherView and Columbia University. Attendance is restricted to invitation only.
Password to register: Summit19

 
Valley National Bank Supports NJBankers 2019 Philanthropic Mission

On August 30th Valley Bank associates volunteered for a second day to serve lunch at Eva’s Community Kitchen in Paterson, New Jersey in support of the partnership with the New Jersey Bankers Association Philanthropy Program. We thank all our members who are taking part in this initiative! 

 
LAST CALL ** Nominate your bank's up-and-coming leaders for an NJBankers Rising Star Award!

 

Last year's recipients included: (Front Row L – R) Drew Bergstresser, Peapack-Gladstone Bank; Earl Jornadal, Kearny Bank; Erin Suckiel, NJBankers; Chris Rozewski, Peapack-Gladstone Bank; Kristen Patterson, ConnectOne Bank; Sheryl Shara, Investors Bank; Frank Lankey, Magyar Bank; Patrick Rienzo, ConnectOne Bank.

Back Row L – R: Delphine Marini, Unity Bank; Rob Surovich, Lakeland Bank; Kimberly Doll, Bank of America Merrill Lynch; Max Custer, Lakeland Bank; Katie Meyers, Manasquan Bank; Colin Bliss, Valley; Anthony Niciejewski, Spencer Savings Bank. Not pictured: Mayra Rinaldi, Columbia Bank.

NJBankers Rising Star Awards recognize the up and coming, energetic new leaders of the banking industry. You know who they are at your bank so nominate your rising stars for an award! Let us spotlight their success!

Take advantage of this opportunity to show them that you applaud their achievements, value and service to your bank, the banking industry and the communities they serve with this prestigious award.

It’s simple! Just tell us why you feel your Rising Star deserves an award. Complete a Nomination Form and submit your nomination(s) by Friday, September 6, 2019. A panel of independent judges will review all entries and select the winners who will be notified on Thursday, September 19, 2019 along with the nominator.

All winners will be recognized at the Awards Dinner to be held at the Stone House at Stirling Ridge in Warren, NJ on November 7, 2019.

 
South Jersey Bankers Association Fall Kick-Off Dinner Meeting
Current Politics in Banking in New Jersey

Thursday, September 29, 2019
Cocktails start at 5:15 PM, Speaker at 6:15 PM, Dinner at 7:00 PM (approx.)
Tavistock County Club – 100 Tavistock Lane, Haddonfield NJ
The price per person is $65.00.  Reservations due by September 12, 2019. 

The South Jersey Bankers Association invites you to join our Fall Kick-Off Dinner Meeting.  Our speaker will be Michael P. Affuso, Esq., EVP/Director of Government Relations for the New Jersey Bankers Association.  Mr. Affuso’s topic of discussion will be “Current Politics in Banking in New Jersey.”  For additional information or to make a reservation, contact Frank Rieder at frankrieder123@gmail.com.

Register Today! 

 
Register Today! Rider University to Host Career Fairs

Members welcome to attend to showcase their bank
September 26 and October 1

NJBankers is engaged in an initiative to establish relationships with New Jersey universities and colleges to support member efforts to recruit and retain highly motivated talent.  The goal is to show the upcoming generation in the workforce that careers in banking are fulfilling and diverse. Bankers can explain that the industry holds positions that support the frontline and include careers in IT, HR, marketing and so many more. 

Register Today for the Fall Accounting & Finance Career Fair on September 26th and the General Career Fair on October 1st. 

Click here for details

 
NJBankers Senior Management Conference

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

Check out the Full Program Here!

GOLF TOURNAMENT
NJBankers has arranged for a golf tournament on
Monday, September 23 with a 12:00 p.m. start at the Atlantic City Country Club, Northfield, NJ.
BBQ lunch to be served beginning at 11:00 a.m.
Note: The golf tournament is available to conference registrants only and is on a first-come, first-served basis.
Dress Code: The dress code is collared shirts, Bermuda shorts, slacks and soft spikes.

CHARTER FISHING TRIP
NJBankers has arranged for an afternoon of fishing on the bay on Monday, September 23 from 12:00 p.m. to 4:00 p.m.
Box lunches and beverages will be available on the boat at 11:30 a.m.
Note: Minimum guarantee must be met; limited seating availability. Guests will be seated on a first-paid basis.

Register Today! 

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

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.

Cybersecurity Incident Response Planning Seminar
Thursday, October 3, 2019 
NJBankers Office, Cranford

In this highly interactive workshop, attendees will learn how to build and implement an incident response program. Participants will be taken through the six phases of the framework: Preparation, Identification, Containment, Eradication, Recovery and Lessons learned, to understand the practical application of each element.
Attendees will partake in real world scenario testing and work in teams to develop appropriate responses to attacks.

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. Join us!

Enterprise Risk Management Conference
Tuesday, October 15, 2019
Kean University, STEM Building - Union, NJ -
Credits may apply
The ERM Conference presents trending topics and expert speakers to help enterprise risk managers address opportunities yet affirm that the bank’s program is operationally excellent. A panel of experts will discuss best practices for ensuring that the bank’s ERM efforts significantly reduce your exposure to risk. Review past ERM expectations and how they will shape the next wave of activities to keep your bank moving forward. Financial crimes are on everyone’s radar and the bad guys just keep coming up with new ways to exploit any weaknesses. Learn about emerging trends from the experts at the Postal Inspection Service, IRS, HSI and FBI. The Conference will also present fresh perspectives and guidance for recognizing and managing cybersecurity risk.

FDIC Directors College
Thursday, October 17, 2019
The Sheraton Edison Raritan Center in Edison, NJ
CPE & CLE Credits will apply
Get the tools to make an immediate & positive impact on the role of a bank director. Directors College focuses on the continuous improvement of bank directors – a concern for regulators. This comprehensive conference explores a range of issues confronting bank boards including emerging challenges. Attendees will discover trends and key areas for oversight and policies for managing liquidity, learn the importance of CRE analysis, understand the crucial elements of an effective audit program, and focus on fundamental governance issues.  An interactive case study will examine  strategic decisions about Fintech partnerships.

 
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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FMS NY/NJ Chapter announces East Coast Regional Conference

September 8 - 10, 2019
Long Branch, NJ

The Financial Managers Society New York/New Jersey Chapter invites you to attend the FMS East Coast Regional Conference designed to explore trending topics that can provide attendees with a competitive edge.

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