If this page doesn't display properly in your email, click here. May 13, 2020
New Jersey Bankers Association
Spotlight your Frontline Bankers

It's no secret that bankers have been working tirelessly 24/7 to meet the needs of their customers by helping people save their homes, jobs and to take care of their families. In the April 29th issue of NJBankers Connections we asked our bankers to send us a write-up spotlighting their frontline bankers during COVID-19 who continue to do an outstanding job at serving their customers and communities. This week, we are proud to feature:

          

 Click here to check out the amazing job our bankers are doing on the frontline! We thank you and appreciate you all for your hard work and dedication during this time!

There is still time to show off your frontline bankers and the tremendous work they are doing around the clock to serve their customers and communities. Send us a short write-up and feature your frontline bankers in NJBankers Connections. Our industry should be very proud of our accomplishments, let's tell our story! Send your write-up to: Erin Attilio at esuckiel@njbankers.com.

 
Seeking Warren Hill Award Nominations

NJBankers Board of Directors is seeking nominations for this year’s Warren Hill Award. The award is presented in recognition of individual contributions to the association and industry through participation on NJBankers’ committees. The award will be presented at the Senior Management Conference that will be held September 20-22, 2020 at the Borgata Hotel and Casino, Atlantic City, New Jersey. If you wish to nominate a current or former committee member, please complete and return the nomination form by Friday, May 15, 2020. Read More

 
Coronavirus Strikes. America's Banks Step Up.
Rob Nichols, President and CEO American Bankers Association

The world is grateful for all who have served on the front lines battling the COVID-19 crisis—the doctors and nurses who have put their lives at risk to care for the sick and dying as well as those who have kept our grocery stores and pharmacies stocked. These essential service providers are the pandemic’s heroes, putting the needs of others ahead of their own. Read More

 
NJBankers Sponsored Delta Dental Plan - Unparalleled Results - Lower Rates today than in 2011! - Beat That!

The renewal date for the NJBankers sponsored Delta Dental programs is July 1, 2020. Presently, 61 NJBankers Members and Associate Members with over 3,300 employees enjoy the benefits of Delta Dental, New Jersey’s largest dental provider. Our Delta Dental relationship is NJBankers longest running program – 28 yrs. and counting. Read More

 
NJBankers Coronanvirus Resources


As we all continue to navigate these uncertain times, we remain focused on the health and safety of our employees and our communities, as well as our customers.

Our membership has been working very hard to ensure that they have the people and systems in place to support their customers needs during this trying time.

As we all continue to closely monitor all regulatory agencies to ensure we all provide the most accurate and compliant information to our customers as quickly as possible, NJBankers has created a link to the myriad of coronavirus resources that our membership are making available.

Please visit www.njbankers.com for our Member and Associate members program-specific communications during this ongoing crisis.

 
NJBankers in the News

Governor Murphy Names Restart and Recovery Advisory Council
The banking industry will be well-represented on Governor Murphy’s Restart & Recovery Advisory Council to help reopen New Jersey’s economy. Linda Bowden (PNC Bank) and John E. McWeeney, Jr. (NJBankers) were named to serve on the Main Street Sub Committee while Cathleen Callahan (Bank of America), Kevin Cummings (Investors Bank) and Alma DeMetropolis (JPMorgan Chase) were appointed to the Professional Services Sub Committee.

NJBIZ
Charting the course - NJBIZ talked with banking industry leaders about how and when the state’s economy might reopen

The Press of Atlantic City
NJ banks stayed open answered the call, says John E. McWeeney Jr.

 
Industry News

Banks Encouraged to Submit Nominations for Annual ABA Foundation Community Commitment Awards
The ABA Foundation is seeking submissions for its eighth annual Community Commitment Awards. The awards, one of the industry’s highest honors for extraordinary bank commitment to communities, recognizes innovative, high-impact programs that improve the quality of life for the customers and communities banks serve. The entry period ends July 1.

SBA Announces Safe Harbor for PPP Borrowers with Loans for Less than $2M
Following the recent announcement that the Small Business Administration would review any Paycheck Protection Program loans made in amounts exceeding $2 million, the agency today issued guidance extending an automatic safe harbor to borrowers receiving PPP loans with an original principal amount of less than $2 million.

ICBA guide for community banks reopening their doors
ICBA published a guide with suggestions to help community banks when they begin resuming more normal operations and person-to-person services.

New ABA Radio Spot: ‘America’s Banks Are Here to Help’
As banks nationwide continue to serve as economic first responders and provide much-needed economic support to their local communities, ABA is running a new radio spot on WTOP, Washington D.C.’s highest-rated radio station, highlighting the industry’s response. In the 30-second spot—which will air three times daily through the end of the month, reaching the D.C.-area audience of policymakers—ABA President and CEO Rob Nichols shared the many ways that banks are responding to the COVID-19 crisis, emphasizing that “America’s banks are here to help.”

ICBA Push for PPP loan-forgiveness answers continues
ICBA continues calling on community bankers to use its Be Heard grassroots action center to urge policymakers to provide guidance on Paycheck Protection Program loan forgiveness.

ABA Announces New Risk and Compliance Virtual Conference
To support bankers as they continue to manage and plan for new challenges, ABA will hold a national Risk and Compliance Virtual Conference on July 28-30. The conference will feature both live-streamed and on-demand speaker panels, focused breakout discussions, a virtual marketplace to meet with industry providers and other opportunities to discuss critical topics with experts and peers.

 
 






Other Industry Meetings
View Other Meetings

Upcoming Webinars

Wednesday, May 20th
Commercial Real Estate

Wednesday, May 27th
Intelligent Process Automation for Financial Services

Wednesday,  June 3rd
Effective Crisis Communications During Coronavirus

SAVE THE DATE

Wednesday,  June 10th
Financial Elder Abuse - Complimentary Webinar

Wednesday,  June 17th
Women in Banking

See njbankers.com for details.

NJBankers Webinar Provider Offers Discount and Resources

Learning doesn’t need to stop as we all do our best with social distancing and staying home to “flatten the curve”. As NJBankers reviews educational opportunities, we are pleased to announce that TTS, an NJBankers Webinar provider, is helping with remote learning by offering 25% off all recorded webinars. To take advantage of this discount, please use discount code WebinarOD25 at checkout.  

In addition, the $75 per location fee for additional locations accessing the webinars will be waived.   Registrants can simply share/forward their connection checklist with colleagues who would like to connect to the live webinar. The OnDemand access period for all ‘Live Plus Five (Days)’ registrants will now be extended to 60 days (vs. 5 business days).

To continue to help keep employees productive and continuing to grow their skill set, OnCourse Learning, the parent company of TTS, is sharing best practices, resources and links for navigating through the COVID 19 pandemic.  The PANDEMIC PREPAREDNESS (COVID-19) GUIDE includes guidance, free resources and a listing of Webinars that have been produced.

To view catalog of live and on-demand events, click here

 

 
Webinar Wednesdays - Upcoming Webinars

In an effort to preserve the continuity of learning and to keep our members engaged and connected during this time, NJBankers is delighted to announce the below upcoming Webinars. Our webinars will feature renowned speakers and experts on a range of relevant and hot topics.  Be on the lookout for emails from NJBankers regarding upcoming webinars as well as a schedule of webinars below:

Commercial Real Estate
Wednesday, May 20th - 10:00 a.m. - 12:00 p.m.
2 CPE - 1 CLE will apply
Attendees of this webinar will hear from a panel of regarded developers who will discuss commercial and residential development, and trends they are seeing from the perspective of a developer.  Regulatory agencies will discuss risk management and share regulatory guidance in CRE lending.  Discover what bankers can do to compete with non-bank lenders from the Banker-Broker panel.

Intelligent Process Automation for Financial Services
Wednesday, May 27th - 1:00 p.m. - 2:00 p.m.
1-CPE will apply
Attendees will gain an understanding of how Intelligent process automation can deliver a compliant, faster, and more accessible customer experience then attend this session.

Effective Crisis Communications During COVID-19
Wednesday, June 3rd - 10:00 a.m. - 12:00 p.m.
In this webinar, veteran news anchor Patrick Dix will share communications you can write ahead of time so you can respond quickly, how you can build and maintain relationships with local media and how social media should factor into your communications strategy.

 
Member News

Investors Bank Helps Save More Than 35,000 Employee Jobs in Metro New York And New Jersey With SBA Paycheck Protection Program
Investors Bank has had a team of about 150 employees from across the bank working around the clock for the last few weeks on the applications for the Small Business Administration’s Paycheck Protection Program. The final push involved nearly 40 people working 34 hours straight to process and secure approvals. Investors has helped secure in excess of $328 million in funding to help save the jobs of more than 35,000 employees of small businesses in the Metro New York and New Jersey markets victimized by the economic disruption of the COVID-19 pandemic. This funding included $39 million for applications from 177 non-profits also facing an extreme financial crisis.

Investors Foundation Awards $1.13M to Not-For-Profits
Short Hills-based Investors Bank, through its charitable foundation, is releasing more than $1.13 million in financial grants to not-for-profit organizations in New Jersey and New York. The Investors Foundation is making the grants as not-for-profit organizations face a doubling and tripling in the demand for the services they are providing to communities during the COVID-19 pandemic.

Speaker Coughlin Announces Members of COVID-19 Panel
Speaker Coughlin Announces Members of his COVID-19 Panel to Advise on Economic Recovery Strategy Assembly Speaker Craig Coughlin named the remaining 33 members who will serve on an Economic Advisory Council he recently announced. The new working panel will advise the Speaker and other members of Assembly Leadership on efforts to ensure New Jersey can responsibly recover from the devastating impacts of COVID-19 when the pandemic subsides.

TD Bank and Wells Fargo Bank on DiversityInc’s Top 50 Companies for Diversity list
The list recognizes top companies for diversity and inclusion management, pinpointing those which have business strategies based on attracting, developing and retaining talent from all backgrounds and leveraging the power of different perspectives to drive business.

Spencer Savings Bank donates $100K to N.J. hospitals battling COVID-19
Spencer Savings Bank announced it has made a $100,000 donation to help New Jersey hospitals in the fight against the coronavirus pandemic. A donation of $50,000 was made to Hackensack University Medical Center and Trinitas Regional Medical Center.

Unity Bank names chief financial officer
Unity Bancorp Inc., the parent company of Unity Bank, announced that Anthony L. Cossetti will be joining the company as executive vice president and chief financial officer, effective June 8.

Wells Fargo Receives ‘Outstanding’  Community Reinvestment Act Rating
Wells Fargo & Company (NYSE: WFC) announced that its subsidiary, Wells Fargo Bank, N.A., has received a rating of “Outstanding” in its most recent Community Reinvestment Act (CRA) Performance Evaluation, which covers the years 2012 to 2018.

 
New Jersey Banker Magazine - a Great Opportunity for Education and Advertising

Our magazine, New Jersey Banker, presents timely, educational articles written by Associate Members who are experts in all things financial. Our readers know the quality of the magazine! Traditionally a printed publication, NJBankers now offers a digital format since your issue may be sitting on your desk back at the office. Click here to read the current issue.

If you are interested in writing an article or advertising so you can reach our members and beyond, contact Emily DeMasi, Director of Communications at edemasi@njbankers.com

 

 
Touch-free Fever Detection Device Available

The CDC has indicated that having a temperature is a possible indicator of COVID 19 in an individual. NJBankers Endorsed Service Provider, Office Depot, offers an easy to use device for temperature verification. The Tidel IES 50 is a touch-free temperature verification device. It can detect fever in employees/visitors to potentially decrease the risk of infecting others. Read More

 
Bulk Purchase of Protective Masks

NJBankers Endorsed Service Provider Office Depot can supply your bank with a bulk purchase of 3-ply non-surgical ear loop masks. With Office Depot, a bulk order of roughly 10,000 masks is $10,000 so you can protect your employees and customers from COVID 19 with a large supply in-house at a significant cost savings. Please note:
• The minimum purchase is $10,000 for roughly 10,000 masks
• Purchasers will need to sign a separate agreement with Office Depot
• Terms are Net 10 days
  Read More

 
Help Support Member Banks March for Babies

March for Babies has announced the 2020 fundraising March will be held virtually due to the onset of COVID-19. The new campaign called Step Up! allows you to easily participate without leaving home. Stay-at-home walkers can track their steps and engage with other supporters by using the March of Dimes Charity Miles mobile app now through May 15. Although the March is virtual, you can continue to gather pledges and use the Charity Miles mobile app to support our member banks!

Read More

 
Endorsed Service Provider News

QwickRate Presents Navigating the new Credit Cycle, COVID-19 Loans and Emerging Credit Risk
Tuesday, May 19 at 2pm EDT
Wednesday, May 20 at 11am EDT
COVID-19 has ushered in a swift and dramatic end to the prolonged and recently benign credit cycle. Despite economic stimuli and regulatory relief, we can expect the credit degradation prompted by this crisis to be problematic and extensive. Now is the time to adopt aggressive new approaches to discover and monitor portfolio credit quality—both in aggregate and transactionally—including loans affected by COVID-19.  Join QwickRate and learn about IntelliCredit, a next-generation credit risk management solution that detects emerging credit risk and potential stresses early, before serious deterioration and losses occur.

Village Office Supply Double Layer Adjustable Face Masks
CDC recommends face coverings fit snug against your face, be secure with ties and include multiple layers of fabric. Village Office have face masks in-stock now!

CIO Forum with Wolf & Company
Thursday, May 14, 2020
9:30 a.m. - 12:00 p.m.

Complimentary for NJBankers Members only
The New Jersey Bankers Association is pleased to offer a complimentary, members-only CIO Forum on Thursday, May 14, 2020. NJBankers has partnered with William Nowik of Wolf & Company to facilitate this special session featuring an update from NJBA staff on developments during the coronavirus crisis, in addition to Will leading a discussion on privacy and security in teleworking and other pandemic response initiatives. 

 
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

Abrigo Adds Transparent Artificial Intelligence Scenarios, Direct File to FinCEN to its Financial Crime Prevention Software
Abrigo, a leading provider of compliance, credit risk, lending, and asset/liability management solutions, announced upgrades to BAM+, its financial crimes detection software, including the addition of five transparent artificial intelligence/machine learning anti-money laundering (AML) scenarios and the ability to direct file Suspicious Activity Report (SAR) and Currency Transaction Report (CTR) batches to FinCEN. 

Former Deputy Comptroller at the OCC Joins FinPro
FinPro, Inc., a leading financial institution advisory firm located in Gladstone, New Jersey, is pleased to announce the addition of Kristin (“Kris”) Kiefer as a Managing Director. Kris has 39 years of experience with the Office of the Comptroller of the Currency, including five (5) years as Deputy Comptroller in charge of the Northeastern District (2014 – 2019).

Let Matrix Help you during this Complex Economic Environment
MATRiX is a Data Science Company helping Financial Services (Consumer & Small Medium Business Banking) to make better decisions that drive higher levels of profitability, precision, mitigate risk and enhance customer service. At MATRiX, they have the solutions, expertise and knowhow, to assist you in collectively navigating through this complex economic environment.

Mazars Presents Operational Resilience Webinar
Friday, May 15th - 1:00pm
COVID-19 has caused unprecedented operational challenges across the financial services sector. Mazars will look at the key considerations for strengthening and maintaining operational resilience as we approach the “new normal”.

 
Federal Reserve Bank of Philadelphia invites you to attend Reinventing Our Communities: Planning for Equity in Recovery - Lessons We're Learning from COVID-19
Thursday, May 28 from 3:00 p.m.–4:15 p.m. EST
This webinar will elevate necessary policies and practices to mitigate the negative impacts of COVID-19 on low- and moderate-income (LMI) communities. Leading experts will explore the importance of community agency to rebuilding economies and creating an infrastructure for growth based on local assets, education, and skills. They will also address challenges to this process, which include confronting systemic and structural barriers that have created disparities, especially for LMI populations and communities of color. 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 

 

        

 
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