If this page doesn't display properly in your email, click here. October 16, 2019
New Jersey Bankers Association
Industry News
Five federal financial regulatory agencies have announced that they finalized revisions to simplify compliance requirements relating to the "Volcker rule." By statute, the Volcker rule generally prohibits banking entities from engaging in proprietary trading or investing in or sponsoring hedge funds or private equity funds.
The FDIC, the Office of the Comptroller of the Currency, and the Federal Reserve have issued a final rule to adjust the major assets prohibition thresholds of the DIMIA rule. This fulfills a commitment made in a 2017 report to Congress required by the Economic Growth and Regulatory Paperwork Reduction Act.

The Federal Reserve and the Federal Open Market Committee have released the minutes of the Committee meeting held on September 17-18, 2019. 

The leaders of the U.S. Commodity Futures Trading Commission, the Financial Crimes Enforcement Network, and the U.S. Securities and Exchange Commission (the “Agencies”) have issued a joint statement reminder to persons engaged in activities involving digital assets of their anti-money laundering and countering the financing of terrorism (AML/CFT) obligations under the Bank Secrecy Act (BSA).
According to the survey, activity in the region’s service sector declined slightly, according to firms responding to the Federal Reserve Bank of New York’s October 2019 Business Leaders Survey. The survey’s headline business activity index dropped nine points to -4.3 which is the first negative reading in more than two years.
Member News

URSB Announces Two New Executives Added to Senior Management Team
URSB, Carteret’s hometown bank with over 100 years of outstanding personalized service and commitment to the community, has hired two executives to the Bank’s senior management team. Carlo R. Pascetta has joined URSB as Vice President – Lending, CRA Officer, while David P. Van Steyn is the Bank’s new Vice President – Chief Risk Officer.

Andrew Zalescik joins Northfield Bank as Senior Vice President & Team Lead of Commercial & Industrial Lending

Zalescik has over 25 years of lending experience and leadership roles in the banking industry and he joins Northfield from M&T Bank.  Mr. Zalescik remains active in the community as Trustee of PEI Kids, and involvement with Greater Trenton.org. 

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)

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.

Wolf & Company has extended our special room rate for our 1st Annual Technology Leadership Conference

Join senior executives and leading tech professionals as they discuss the characteristics necessary for community-based financial institutions to compete and survive in this rapidly changing environment. 

116th Annual Conference - San Diego Here We Come! ROOM BLOCK IS OPEN
5/27/2020 - 5/31/2020
Manchester Grand Hyatt San Diego
San Diego, CA
We mean it!
The hotel expects to be sold out so don’t delay. On the fence? Just take a look at our slide presentation of what’s in store for you at the Annual Conference in addition to the expert speakers, timely topics and networking. There’re direct flights and May weather couldn’t be any nicer. Take a look at what’s in store (wait until you see the opening reception).
Attorneys! Fulfill Your CLE Ethics Requirements with NJBankers Ethics Seminar

It’s mandatory! 4 CLE Credits Will Apply!

With major holidays in November and December, time will fly and you may still need CLE credits. Fulfill your CLE requirement with NJBankers accredited Ethics seminar.

This seminar will provide information on how to conduct internal investigations and how to address the privilege and other ethical implications that arise with such investigations. This seminar will also address ethical concerns in responding to government investigations and subpoenas. Be proactive and reserve your seat.

Register today! 



Women's Leadership Conference
October 30, 2019

Ethical Considerations in Conducting Internal Investigations
October 31, 2019

2019 Director Training
Monday, November 4, 2019

Rising Star Awards Dinner
November 7, 2019

Commercial Loans From Default to Collection
November 12, 2019

CFO Conference with  FMS - NY/NJ
November 14, 2019

2019 Advanced IRA With PMC
11/20/2019 - 11/21/2019

Economic Leadership Forum
January 17, 2020

See njbankers.com for details.

Other Industry Meetings
View Other Meetings
Mark Your Calendar
View Upcoming Events
Upcoming NJBankers Conferences - Don't Miss Out on Opportunities for Professional Development!

Bank Secrecy Act Conference
Tuesday, October 22 - Wednesday, October 23, 2019 
The Sheraton Edison Raritan Center, Edison

This two-day BSA Conference will cover the key elements of BSA compliance programs to take the guess work out of regulatory expectations. BSA Officers and staff who attend will return to their banks with best practices for protecting their banks. Visit NJBankers for information and registration.

Women's Leadership Conference 
We've lowered our sponsorship fees! Now get exposure at a reduced price! 
October 30, 2019
The Embassy Suites by Hilton, Berkeley Heights

The NJBankers Women's Leadership Conference features an impressive line-up of speakers and topics designed to enhance the careers of women in the banking industry. Now, sponsors of the event get exposure at a reduced cost. For information, contact Jenn Zorn SVP/Director of Education and Business Development at jzorn@njbankers.com.

Monday, November 4, 2019
FinPro Office, Gladstone
Registration - 9:00 am
TRAINING SESSION - 9:30 am to 3:30 pm<
We invite you to join FinPro and New Jersey Bankers Association for a robust day of training for Directors. You will gain a deeper understanding of emerging trends in the financial industry. This is also a great opportunity to network with so many of your peers. Visit NJBankers.com for details.
Emerging Bank Leaders 2020 Program

Emerging leaders are intelligent and talented high-achievers who consistently produce noteworthy and more work than their peers.  They initiate new ways of thinking and are proponents of taking risks and looking for opportunities to further their financial institution. Colleagues turn to them when they need information because they are trusted and knowledgeable. An Emerging Leader is driven to accomplish great things.
The Emerging Bank Leaders 2020 Program enhances the organizational, performance, and leadership skills of highly motivated managers. The program develops their talent so they will become a leader and an asset for your bank. 


Take a look at the syllabus and see why your bank needs to be a part of the program!

PMC's Fall 2019 IRA Workshops - Register Today!

October 21 - 22, 2019 - NJBankers Office, Cranford
November 20 - 21, 2019 - NJBankers Office, Cranford

Get Prepared Now!

Information about IRAs (and HSAs) can be a lot to digest for the banker and the customer! You need to be ready with up-to-the-second information about the advantages and potential setbacks of contributions, distributions, rollovers, conversions, transfers and inherited IRAs.

Whether you are new to the industry or a seasoned professional, NJBankers Endorsed Service Provider PMC, a leader in  banker education for IRAs, guarantees that their 1 or 2-day workshops will build the confidence and ability to understand these valued products so attendees can provide the best service and expertise to your customers and prospects, especially the Baby Boomers who are nearing retirement.

So don’t miss out! Register here today

CFT Commercial Lending School - Fall 2019

CFT Commercial Lending School - Fall 2019
October 28 - November 1, 2019
Courtyard by Marriott - Cranbury, NJ

The Center for Financial Training is now accepting applicants for the 2019 Commercial Lending School. This intensive, one-week, in-residence program consistently receives rave reviews from the students. Our distinguished faculty has been together for a number of years and their teaching styles continue to impress.

Read More 

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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