If this page doesn't display properly in your email, click here. February 5, 2020
New Jersey Bankers Association
NJBankers Welcomes Emerging Bank Leaders Class of 2020 - Largest Class to Date!

NJBankers welcomed the new Emerging Bank Leaders Class of 2020 with an orientation that included students and their mentors that was held at Kean University. which included lunch and breakout groups. This is the fourth year of the program and it kicked off with the largest class to date with a total of 21 participants! Read More

 
Bankers Cooperative Group (BCG) announces $300,000 in patronage dividends to be paid out in 2020

Since 1998, BCG has paid $3.4M in patronage dividends to its' client shareholders.  This year's declaration of $300k will be distributed to sixty entities.  Each group's share is determined by the amount of business done with BCG --- the greater the amount of business, the larger the patronage dividend. 

From L to R:  Richard Siderko, BCG Inc.; Donald Sims, Union County Savings Bank;  Nicholas Lorusso, Spencer Savings Bank; Jorge Gomes, Lusitania Savings Bank; Joseph Coccaro, Bogota Savings Bank and John E. McWeeney, Jr., NJBankers. Not Pictured: Tom Lupo, Regal Bank, Anthony DeSalle, Crest Savings Bank and James Genoy, Monroe Savings Bank.

 
BCG Welcomes Emmy Luna

Emmy Luna has joined Bankers Cooperative Group (BCG), the licensed insurance brokerage facility of NJBankers, as Operations Coordinator. Emmy has 35 years of experience in Human Resources with 16 of those years in the banking industry. During that time, she handled most of the benefits. Welcome Emmy!

 
Thank you, Geri!

Claire Anello, Office Manager, Database & Website Manager, NJBankers presented Geri Kelly, EVP/Human Resources Officer, Columbia Bank a proclamation of appreciation for her many years of service as Chair of the Human Resources committee. It was presented January 23, 2020 at Northfield Bank. Thank you, Geri!

 
NJBankers in the News

Banking on the Future: Looking at the Industry in 2020 in the Garden State
John E. McWeeney, Jr., NJBankers President & CEO, is featured in the Commerce Article “Banking on the Future” noting that “The NJ economy is largely driven by the national economy—if it stays strong, then loan demand will continue to be healthy and New Jersey banks will prosper. However, if there’s a national slowdown, then the environment here will also be more challenging. Fortunately, the economy looks like it’s going into 2020 on a positive note.”

 
Industry News

Federal Reserve Bank of New York Business Leaders Survey
Activity in the region’s service sector continued to grow only slightly, according to firms responding to the Federal Reserve Bank of New York’s January 2020 Business Leaders Survey.

FDIC Webinar: Community Bank Leverage Ratio Framework
The FDIC has issued FIL-7-2020 regarding hosting a webinar on February 25, 2020, from 2:00 p.m. to 3:30 p.m., Eastern Time (ET) to discuss the optional community bank leverage ratio (CBLR) capital framework for qualifying FDIC-supervised institutions.

Agencies propose changes to modify Volcker rule "covered funds" restrictions
Five federal financial regulatory agencies have invited public comment on a proposal to modify regulations implementing the Volcker rule's general prohibition on banking entities investing in or sponsoring hedge funds or private equity funds—known as "covered funds."

December’s Leading Indexes Suggest Expansion in 44 States Through Q2 2020
The Federal Reserve Bank of Philadelphia has released December’s leading indexes, which are a six-month forecast of the state coincident indexes. The coincident indexes measure current economic activity in each of the 50 states. This month's leading indexes suggest economic expansion in 44 states through the second quarter of 2020.

 
 






Other Industry Meetings
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UPCOMING EVENTS  

February 26, 2020
 
Thursday, March 5, 2020
 
 
March 11, 2020
 
 
Thursday, March 26, 2020
 
 
 
 
June 17, 2020

See njbankers.com for details.

Member News

1st Colonial Community Bank names White CEO
1st Colonial Community Bank announced Robert White as president and chief executive officer for the Collingswood-based holding company and financial institution. He succeeds current President and CEO Gerard Banmiller, who is retiring.

BCB Bank appoints US Army vet business development officer
A veteran of the U.S. Army who served for three decades across 13 counties has joined the BCB Bank team.

SBA names 8 N.J. banks as top lender for approving the most loans in 2019
Eight New Jersey banks were named a Top SBA lender by the U.S. Small Business Administration’s New Jersey district office for approving the most small business loans during the agency’s fiscal year 2019.

TD Bank ranks No. 1 in customer satisfaction by J.D. Power study
TD Bank in Cherry Hill was ranked the highest in customer satisfaction, it said, excelling at branch service and online banking satisfaction.

“New Jersey’s Professional Services Leaders 2020” Features NJBankers Members
In the Commerce magazine feature “New Jersey’s Professional Services Leaders 2020”, several member banks and their CEOs are noted including Bank of America, Columbia Bank, Investors Bank, Lakeland Bank, Northfield Bank, Peapack-Gladstone Bank, SB One Bank, and Valley Bank.

ICBA Re-Elects James A. Hughes
The ICBA recently announced that James A. Hughes, President & CEO of Unity Bank was re-elected to serve as New Jersey’s state delegate on the ICBA Federal Delegate Board.  Congratulations Jim and thank you for your service!

SB One Bank Reports Record Growth - Hitting $2 Billion in Assets

SB One Bank reported net income of $5.3 million, or $0.57 per basic and diluted share, for the quarter ended December 31, 2019, an increase of 126.6%, as compared to net income of $2.4 million, or $0.29 per basic and diluted share, for the quarter ended December 31, 2018.

 
Meet our Associate Members

Connections is highlighting Associate members and the services they offer to the Banking Industry in each issue.

                  

Click here to learn more about these companies services!

 
Associate Member News

Baker Tilly webinar: Banking KPIs Insights
Wednesday, Feb. 26, 1 – 2 p.m. ET
There is no cost to attend this webinar and 1 CPE credit in Specialized Knowledge will be offered

Join Baker Tilly’s depository and lending industry leader for a timely perspective on the overall performance of the community banking industry during 2019 based on the comparative analysis of selected key performance indicators (KPIs). Our industry specialists will also provide their views on industry performance and the merger and acquisition (M&A) landscape for 2020. Presented by: Tim Kosiek, CPA, Partner, Baker Tilly. Click here to register.

Verasoni Worldwide Appoints David Payne To Lead Financial Services Practice
Verasoni Worldwide announced the appointment of David Payne as the head of the firm’s Financial Services Practice. In his new capacity as Consulting Financial Services Practice Leader, Payne will focus on the dynamic banking, fintech and financial services sectors. He will report directly to Verasoni Worldwide’s CEO, Abe Kasbo.

“New Jersey’s Professional Services Leaders 2020” Features NJBankers Associate Members
In the Commerce magazine feature, “New Jersey’s Professional Services Leaders 2020”, several associate members Managing Officers/Partners are noted including BDO, Grant Thornton, Greenbaum Rowe Smith & Davis,  KPMG, Mazars, McCarter & English, and Withum.

The Kafafian Group Announces New Managing Director, Other Promotions
The Kafafian Group, Inc. announced the promotion of Jill Pursell to Managing Director and senior leader for the firm’s Process and Profit Improvement line of business.

Gary J Velotta joins Document Imaging Group as Account Director Advanced Data Capture and Intelligent Process Automation for Banks
Document Imaging Group, an Advanced Data Capture and Intelligent Process Automation systems integrator, announced  that Gary J Velotta has joined the firm as an Account Director.

 
Board & Management Summit a Must for C-Suite and Directors
Thursday, March 5, 2020
CPE and CLE Credits may apply
 
Today’s banking environment continues to innovate and evolve, with a critical need for new approaches to board education, director involvement, and strategic planning. As the banking industry continues to change, many boards are not prepared for future challenges associated with new technologies and innovations. Is your bank’s Board of Directors prepared for the future?
 
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Show Off Your Good Work! DEADLINE: March 6, 2020

NJBankers wants to give your bank the opportunity to get the recognition it deserves for its community service initiatives.  The Community Service Award program highlights the significant impact New Jersey banks have on their local communities.  Without your help, we cannot tell your story. Each year, NJBankers seeks assistance from members in order to compile information on the numerous community service activities initiated by our industry.  
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116th Annual Conference - San Diego Here We Come! ROOM BLOCK IS OPEN
 
 
May 27 - 31, 2020 - Manchester Grand Hyatt San Diego - San Diego, CA
BOOK YOUR HOTEL NOW

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

CECL Implementation
February 26, 2020 - The Sheraton Edison Raritan Center
CECL is about to make a huge difference in banking. The new accounting standard will have an effect on what banks’ financial statements and earnings look like, as well as future lending practices. In this highly informative seminar, attendees will gain an understanding of the newly proposed and updated changes to the standard and what new policies, processes and controls may be necessary for you to implement at your bank.

Emerging Financial Leaders Group Conference
Thursday, March 19, 2020 - Embassy Suites by Hilton
Discover your leadership style, understand the importance of personal branding, and learn from bank CEO's how to take your career to the next level.

 
Crowe Bank Technology Benchmarking Survey

You are invited to participate in the Crowe 2020 Bank Technology Benchmarking Survey. By participating in this informative industry survey you will receive a discount on your copy of the report that will be distributed in April.

Read More

 
Leap into 2020: Demonstrate Directors are Informed

Jointly developed by FinPro and NJBankers, the Global Webinar Package is a multifaceted program designed for Bank Directors to demonstrate that they are keeping abreast of industry developments and trends. Senior executives will also benefit from this package. 

It is a series of 24, 60-minute webinars, offered throughout the year. All webinars are recorded should a director or senior executive be unable to attend a live webinar. CPE credits  apply to live webinars as well so ask for details. 

For questions, contact Jenn Zorn, jzorn@njbankers.com or 908-272-8500 x611.

Read More 

 
2020 National Interagency Community Reinvestment Conference (NICRC) March 9-12 in Denver, CO

How can we work together to foster equitable community investments? The 2020 National Interagency Community Reinvestment Conference is your chance to connect with leaders and peers from across the country and find out what works. We will explore new partnerships and strategies to advance equitable growth. The conference program features CRA modernization updates and compliance training for banks of all sizes; Emerging community development trends and issues; and tours highlighting on-the-ground success stories in Denver. The 2020 National Interagency Community Reinvestment Conference is approved by several organizations as a continuing education opportunity as well. Get more details and register today.

 
Individual Seeks Employment


Seasoned professional with comprehensive background in public and private accounting and finance and treasury operations with emphasis on banking that reflects a high level of competency in management and problem-solving, operating expense control and increased profitability, interest-rate risk and asset-liability management, financial and operational creativity, and financial and regulatory reporting looking to continue career with an opportunity with a financial institution in Northern NJ area involving financial, accounting, treasury, risk management, or operational areas. 

For a copy of the resume please contact: Erin Suckiel, esuckiel@njbankers.com

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