If this page doesn't display properly in your email, click here. March 31, 2021
New Jersey Bankers Association
The Second Find the State Symbol Contest Winner is Carlo Pascetta!

The second winner of the “Find the State Symbol” contest is Carlo Pascetta, VP, Lending at United Roosevelt Savings Bank. Carlo found the Horses that were hiding in the “Members in the Community” section of Connections in the March 17th issue. Congratulations, Carlo! Carlo has won a coffee mug that features the state of New Jersey and foods you can only find here and is now entered in the Grand Prize drawing!

You too can enter the “Find the State Symbol” contest and win prizes all while learning about New Jersey and NJBankers.  It’s fun, informative and easy to enter. Read through Connections every 2 weeks on Wednesdays, and search for the State Symbol. When you find it, email Emily DeMasi at edemasi@njbankers.com with the name of the article where it appeared to qualify for a prize. Your entry must be sent no later than the next day – Thursday by 5:00 pm. We’ll pick a winner randomly from all the correct entries from each Connections.
 
Then, from all the correct entries received throughout the contest, we’ll pick a Grand Prize winner!

So read through our informative articles all while looking for the State Symbol! The contest began on March 3rd and will be in every Connections until May 12, 2021. The Contest is open to NJBankers Members and Associate Members only. Keep hunting!

Today you are looking for:    

 
NJBankers #NJThanksBanks Campaign

NJBankers kicked off our #NJThanksBanks campaign to showcase the great work our members do every day to support their customers, neighbors and communities.

Why this campaign is important for your bank and the banking industry:

  • You work countless hours on the PPP to ensure the viability of businesses in your community. 
  • You have hosted food drives for many who have lost jobs during the pandemic.
  • You ensure that kids have school supplies. We can go on so why don’t you?
This campaign will benefit the NJ banking industry by supporting our advocacy efforts to influence favorable legislation.

Our Ask:
Submit your stories and to your benefit, you’ll have one less social media post to plan – plus you’ll show off how our industry makes a difference.  We encourage multiple submissions.  NJBankers will do our best to keep posts unbranded so you are not promoting another bank but the industry as a whole.

A posting schedule will be created and shared with all who submit stories so you are aware of when your submission will be posted. Stories will be posted once a week on Tuesdays.

March 30th Feature: Family Connections: When Family connections no longer had the ability to go out into their communities to serve, their PPP funding helped them find new ways to continue helping their staff connect with clients. https://www.valley.com/thankyou/family-connections

Submitting your story is FAST and EASY!

  • Email your story to Erin Suckiel at esuckiel@njbankers.com. 
  • All submissions should include a photo and 1-2 sentence caption
  • Dimensions: 1200 x 628 pixels (Facebook)

You make the Garden State a better place to live, work and play so let’s ensure that New Jersey knows it!

 
 






Upcoming Webinars

Banking on DEI: Diversity and Inclusion as a Competitive Advantage
Friday, April 9, 2021

MITRE ATT & CK (Cybersecurity Defense)
Wednesday, April 21st

Commercial Real Estate Conference
Thursday, May 6th

Spring Golf Outing
Monday, May 10th

EFLG Top Golf Event
Thursday, June 3rd

10th Annual Women in Banking
Tuesday, June 15th

See njbankers.com for details.

Other Industry Meetings
View Other Meetings
NJBanker's Magazine is New and Improved!

NJBankers is excited to announce its partnership with E&M Consulting, Inc. to produce our New Jersey Banker Magazine.  The publication will be mailed to members and we will be creating a truly digital version  – a two-prong, great opportunity to promote and give your company additional exposure.  E&M will be managing advertising sales and graphic design.  They are extremely professional and produce a high-quality publication, and we ask that you give them a moment of your time.  E&M will be contacting Associate Members about the advertising opportunities available.   If you have any questions or would like to advertise, please contact Emily DeMasi, VP/NJBankers Director of Communications, at edemasi@njbankers.com.  As always, your support is greatly appreciated!

 
10th Annual Women in Banking Conference - Registration OPEN!

Join NJBankers for our 10th Annual Women in Banking Conference where attendees will hear from renowned speakers and influential thought leaders.

This year’s Women in Banking Conference includes topics that are designed to empower women and provide strategies for continued success in the banking industry.

The virtual conference will bring women together through our interactive platform that features keynote speakers, workshops, and networking opportunities.

Join us as we celebrate ten years!


 Your support of this event and NJBankers is appreciated!

Read More

 
Attention Associates...want to play with a banker of your choice?

11:30 am – 12:30 pm – Lunch
12:30 pm – 4:30 pm – Golf
5:00 pm – 7:00 pm – Cocktail Reception and Dinner

Glen Ridge Country Club
555 Ridgewood Ave, Glen Ridge, NJ 07028

Join NJBankers for our Spring Golf Outing- an event like no other!

NJBankers Associate Members will have the unique opportunity to host a golf foursome with NJBankers Bank Members and identify what institutions they would like to golf with.

The hosted foursome will include lunch, 18 holes of golf, forecaddie, a cocktail reception, dinner, and networking opportunities for one Associate Member and three Bankers.

Space is limited and will be on a first come, first served basis.  Sign up today!

* We will be following CDC Guidelines and NJ Executive Orders during this event, including practicing social distancing and using face coverings when necessary to protect the health and safety of our guests

Thank you to our Early Sponsors 

   

       

Sponsor a Foursome Today!

 
Sign up for FREE! Yes for free for Spring Golf Outing!


Monday, May 10, 2021 - 11:30 am – 7:00 pm
Glen Ridge Country Club
555 Ridgewood Ave, Glen Ridge, NJ 07028

This May, NJBankers Associate Members will have the unique opportunity to host a golf foursome with NJBankers Bank Members.  The best part? Bankers will golf for free!

NJBankers Spring Golf Outing will include lunch, 18 holes of golf, forecaddie, a cocktail reception, dinner, and networking opportunities entirely complimentary for bankers.
 
If you are an NJBankers Bank Member and would like to attend our Spring Golf Outing complimentary,  contact events@njbankers.com by April 1st.

* We will be following CDC Guidelines and NJ Executive Orders during this event, including practicing social distancing and using face coverings when necessary to protect the health and safety of our guests.

 
Upcoming Webinars

Banking on DEI: Diversity and Inclusion as a Competitive Advantage
Friday, April 9, 2021

During this time of unprecedented economic and business disruption, Diversity, Equity, and Inclusion is more important than ever.  With the emergence of cryptocurrency, block chain, and online banks, traditional banks are no longer “the only game in town.”
 
Attendees of this webinar will learn why organizations that embrace diversity have a higher chance of sustaining a competitive advantage than those who don’t.  Discover why diversity and inclusion is crucial during times of disruption and learn how your bank can gain a competitive advantage during uncertain times. 


MITRE ATT & CK (Cybersecurity Defense)
Wednesday, April 21, 2021

1 CPE Credit - 2.5 CERP Credits - 1 CAMS credit will apply
Understanding the common tactics, techniques, and procedures (TTPs) that advanced persistent threats (APTs) use against us is critical to our cybersecurity defense.  To help defend against APTs, MITRE created the Adversarial Tactics, Techniques, and Common Knowledge (ATT&CK) Matrix.  MITRE ATT&CK can be used to assist security operations, threat intelligence and security architecture.

Attendees of this workshop will complete a high-level risk assessment of your organization and learn how to use enterprise mitigation techniques.  Understand the MITRE ATT&CK Maxtrix and gain insight into the financial institution attack landscape and trends.

Commercial Real Estate Conference
Thursday, May 6, 2021

3 CPE Credits - 1 CLE credit will apply
The COVID-19 pandemic had a profound effect on the commercial real estate market in 2020. This year, we are seeing a slow recovery in the market and lending markets are expected to see strong growth in 2021.  With that growth comes additional risks and challenges for banks.

At the NJBankers CRE Conference, regulators will share insights into risk management and guidance on CRE Lending.  Attendees will discover what role commercial real estate will play in the new economy, and learn how your bank can prepare. 

A panel of bankers will discuss emerging market trends to help your bank stay ahead of the curve.

 

 
Industry News

New program at NJ SBDC for technical assistance for business funding
The NJ Small Business Development Centers have created a special "swat team" of capital funding experts to provide small businesses with the technical assistance on the SBA loan products. For business questions about grants, you should always refer them to the NJ Business Action Center at https://business.nj.gov.

President Biden Signs PPP Extension Bill; Extends Program Through May 31
President Biden yesterday signed into law H.R. 1799, a bill extending the Small Business Administration’s Paycheck Protection Program. The PPP Extension Act allows loan applications to the program—which had been set to expire March 31—for two more months and gives the SBA 30 additional days to process loan applications made by the new May 31 deadline.

ABA's Benda Offers Pandemic Update for Week of March 29
In the latest episode of the ABA Pandemic Update podcast, ABA SVP Paul Benda provides a 10-minute situation briefing for bankers on COVID-19. This week, Benda discusses case rates, the increasingly dominant B.1.1.7 variant, vaccination levels and other considerations for banking industry professionals.

FDIC - Expanding Bank Account Access in New Jersey
April 21, 2021 - 10:00 AM-11:30 AM ET
The Federal Deposit Insurance Corporation will present findings from the recently released How America Banks: Household Use of Banking and Financial Services. Speakers will discuss how New Jersey compares to the nation, characteristics of unbanked households, and efforts underway to provide safe and affordable deposit accounts for unbanked New Jerseyans. Several banks will share information about deposit products targeting unbanked populations, including Black and Latinx households, which are five times more likely to have no banking relationship.

 
Member News

Columbia Bank Promotes Barbara Komor to Senior Vice President, Operations
Tom Kemly, President and CEO of Columbia Bank announced that Barbara Komor has been promoted to Senior Vice President, Operations. In her new role, Komor will lead the Card Services, Customer Service Call Center, and Loan Servicing Departments. Komor will focus on implementing various Operations Projects for 2021 and improving the reporting metrics and customer service experience in the Operations Division.

Philadelphia Fed Appoints New Members to Community Bank Advisory Council
The Federal Reserve Bank of Philadelphia announced the appointments of Larry C. Schmidt, president and CEO of 1st Bank of Sea Isle City, and Jeffrey A. Stopko, president and CEO of AmeriServ Financial, Inc., to its Community Depository Institutions Advisory Council (CDIAC). The CDIAC is a 12-member council composed of representatives from commercial banks, thrift institutions, and credit unions.

 
Endorsed Service Provider News

Abrigo's Lending, Credit, and Portfolio Optimization Solution 
Live software demonstration
Tuesday, April 20
11:00 a.m. - 12:00 p.m. ET



 
NJBankers is proud to announce it has endorsed Abrigo’s full suite of credit, lending, and portfolio risk products to aid its member banks in streamlining loan origination, enhancing credit analysis, and optimizing their portfolio risk.

From loan application to credit underwriting to loan administration, Abrigo's fully integrated lending and credit risk solutions allow your financial institution to streamline its origination process and ongoing customer management.  Big thinking needs the right framework and the right data. Abrigo's portfolio risk solutions equip you to make strategic loan-portfolio decisions and transition to Expected Loss with confidence.   
 
With Abrigo, banks across the country have been able to gain efficiencies that yield faster decisions and combat operational costs while making it easier to offer services focused on relationships rather than paperwork.

CLICK HERE TO REGISTER!

Free Stock Photos Often Come with a Price
By: Neal Reynolds, President, BankMarketingCenter.com
Right now, many banks and credit unions are promoting their mobile banking and thinking that it’s okay to use a photo of an iPhone with an Apple logo on it. That’s because there are stock photo suppliers out there that will tell you it’s okay. Truth is, it isn’t…

PMC Winter/Spring 2021 Webinars
Back by Popular Demand - IRA & HSA Training
Join PMC for their series of Training Webinars. They are pleased to offer a variety of webinars that provide the latest updates in IRAs, HSAs, SECURE Act, CARES Act., and more!

 
NJBankers Welcomes New Associate Member

NJBankers is pleased to announce that the following firm has joined the Association.  This institution recognizes the value of membership in NJBankers and we applaud their support of the New Jersey banking industry.
                                                                               
                                                                                  Newcleus

 

 
Meet our Associate Members

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

                        
 

Read More

 
Associate Member News

LIBOR market update for financial institutions
The transition from LIBOR is quickly approaching, and the market is evolving daily. Many financial institutions are looking for guidance to better prepare their organizations. Chatham Financial put together answers to many commonly asked questions that involve LIBOR-based derivatives.

Best Practices for Backing Up and Managing Data
By: Jeremy Burris, CISA, CISSP, MCP, L|PT, CPTS, C|EH, ECSA, CICP, Security+
Principal, Technology Services, S.R. Snodgrass, P.C.
Through working with a variety of financial institutions, the S.R. Snodgrass Technology Services Group has observed that appropriately managing data backups is just as important as backing up data. Below we’ve outlined our recommendations on how to establish a suitable backup method and the best practices for managing the solution chosen.

 

 

             

 
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