If this page doesn't display properly in your email, click here. September 18, 2019
New Jersey Bankers Association
NJBankers in the News
New Jersey financial institutions brace for a possible downturn
In an article published in NJBIZ, NJBankers President/CEO John E. McWeeney, Jr. and Members discuss the current and future economic environment for lending to businesses.

Business borrowers could be squeezed in bank consolidation wave
NJBIZ also published an article, featuring NJBankers President/CEO John McWeeney, Jr. and Members, on the M&A environment and its effect on business borrowers.
Industry News

FDIC Final Rule Sets Community Bank Leverage Ratio at 9%
The FDIC has approved a final rule allowing community banks with a leverage capital ratio of at least 9% to be considered in compliance with Basel III capital requirements and exempt from the Basel calculation. The final rule implements a section of the S. 2155 regulatory reform law that directed the agencies to set a community bank leverage ratio between 8% and 10%.

FDIC Releases Results of Summary of Deposits Annual Survey
The Federal Deposit Insurance Corporation (FDIC) has released results of its annual survey of branch office deposits for all FDIC-insured institutions as of June 30, 2019. The FDIC's Summary of Deposits (SOD) provides deposit totals for each of the more than 86,000 domestic offices operated by more than 5,300 FDIC-insured commercial and savings banks, savings associations, and U.S. branches of foreign banks.

Appraisal Management Company Registration Requirements
The Office of the Comptroller of the Currency (OCC) has issued Bulletin 2019-43 to remind banks of the new registration requirement for appraisal management companies (AMC) that became effective on August 10, 2019. Under this requirement, AMCs must register with the state or states in which they do business and must be subject to state supervision.

FHFA Revises Multifamily Loan Purchase Caps for Fannie Mae and Freddie Mac
The Federal Housing Finance Agency has announced that it will raise Fannie Mae and Freddie Mac’s caps for multifamily lending to $100 billion for each GSE.

Federal Reserve Beige Book: Economic Activity Continues at Modest Pace
Economic growth continued at a modest pace, according to the Federal Reserve’s sixth Beige Book release of 2019. Businesses remained largely optimistic about the near-term outlook, despite persistent concerns about tariffs and U.S. trade policy, the Fed noted.  

Member News

OceanFirst Bank appoints chief information officer
Red Bank-based OceanFirst Bank N.A., the wholly-owned subsidiary of OceanFirst Financial Corp., announced it has appointed Karthik Sridharan as executive vice president and chief information officer.

LIFT Homeownership Program Comes to Essex County with $5 Million Commitment 
NeighborhoodLIFT® program is part of a $1 billion commitment by Wells Fargo over six years to address U.S. housing affordability.

SB One Bank helps bring affordable housing to Saddle Brook
SB One Bancorp announced it provided $4.95 million in financing for the development of Saddle Brook Senior Housing, which was recently completed by the Housing Development Corp. (HDC), the nonprofit arm of the Housing Authority of Bergen County.

Wells Fargo grants $100K for Latina Entrepreneurship Training Series
The Statewide Hispanic Chamber of Commerce of NJ (SHCCNJ) received a $100,000 grant from the Wells Fargo Foundation for its new Latina Entrepreneurship Training Series (LETS) program.

Columbia Bank Announces The Appointment of Maria A. Diaz to Business Development Representative
Columbia Bank announced that Maria A. Diaz has been appointed as a Business Development Representative. In her new role, Ms. Diaz will be responsible for managing and developing client relationships throughout the bank’s Central New Jersey Region. She will work out of the bank’s Newark office.

Fulton Financial Corporation promotes loan review director

John J. Sawn, of Marlton, New Jersey, has been promoted to loan review director for Fulton Financial Corporation. In this position, he will be responsible for overseeing the Loan Review Department’s daily operations.  

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. (please see upcoming Webinar details below)

2019 Quarterly Bank and Equity Strategies: Webinar Series
September 24, 2019 - 10:00 a.m. (CDT)
Watching Out For The Next Economic Downturn
Over this summer the U.S. yield curve fully inverted and reignited the fear of recession for bank investors and managements.  As a result, the industry focus shifted from a growth bias toward a more conservative approach.  As this recovery from the Great Recession is now almost a decade old, we believe this worry is reasonable; however, our credit cycle analysis suggests that the U.S. economy may have a couple more stable years still ahead of it.  Join us to understand what the credit cycle monitor tells us about the direction of the economy over the next 2 to 3 years and our thoughts on how bankers can get ahead of potential recessionary pressures before they arise.
4Q Economic Outlook Webinar
September 26, 2019 - 10:00 a.m. (CDT)
Just as the U.S. economy reached a milestone as the longest period of expansion on record, U.S.- China trade negotiations deteriorated dramatically putting the expansion’s longevity in question.  Trade uncertainty combined with an already weak global environment, has already taken a toll on manufacturing output and caused businesses to reign in investment.  Thus far, the strong U.S. consumer has kept the economy buoyed.  Going forward, the fate of the expansion will depend on trade negotiations and the response from monetary policymakers.  In this webinar, we will discuss the recent deterioration and how it impacted expectations for growth and interest rates in 2020.

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.



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
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Mark Your Calendar
View Upcoming Events
Associate Member News

Genova Burns LLC’s Rajiv Parikh to Join Delegation for New Jersey Governor’s Mission Trip to India
Genova Burns LLC, one of the top law firms serving New Jersey and the greater Northeast, announced that Rajiv (Raj) D. Parikh, a Partner of the Firm, is part of the official delegation accompanying New Jersey Governor Phil Murphy on his mission trip to India which began in Delhi, India. Parikh will be among the representatives of the Professional Services sector of the overall delegation, which, as a whole, represents a cross section of business and industry across the Garden State.

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

BITS Supports NJBankers 2019 Philanthropic Mission

On September 4th BITS associates volunteered for a 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! 

Golf Classic to Benefit NJ Sharing Network

NJ Sharing Network is the non-profit Organization responsible for recovering organs and tissue for transplant for nearly 4,000 people in NJ.

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

Thursday, September 19, 2019
Cocktails start at 5:15 PM, Speaker at 6:15 PM, Dinner at 7:00 PM (approx.)
Tavistock Country 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 NJBankers.  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.
The masters hoagie 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.

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!

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.

NJ Society of CPAs - Bergen Chapter - to Host Professionals' Networking Breakfast

The New Jersey Society of CPAs, Bergen Chapter, is hosting a Professionals’ Networking Breakfast on October 22, 2019. Start your day with this networking opportunity and get an economic update for the region presented by Dr. Alexander Heil, Chief Economist, Planning & Regional Development Department, Port Authority of NY/NJ.

More information 

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 





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