If this page doesn't display properly in your email, click here. November 10, 2021
New Jersey Bankers Association
Congratulations to the 2021 Rising Stars

Last week we had the privilege of recognizing our 2021 class of Rising Stars at our annual awards gala. This year saw a record number of nominations, and winners. The 21 winners were selected by a panel of independent judges who looked at nominee’s leadership qualities, management and peer relationship skills, and community service. Congratulations to all the winners and the confidence you inspire that our next group of New Jersey banking leaders are on the way.

NJBankers in the News

Banking info proposal is bad for banks, credit unions … and businesses
In an effort aimed at increasing taxpayer compliance, President Joe Biden’s administration has proposed that financial institutions be required to report additional account holder information in an enhanced annual IRS Form 1099-INT. NJBankers and the CrossState Credit Union Association remain committed to block this proposal in effort to protect the privacy and security of consumers. We ask you to join us by contacting your member of Congress today.

Member News

OceanFirst Financial Corp. and Partners Bancorp announce merger agreement
OceanFirst Financial Corp. and Partners Bancorp are merging. The two financial institutions jointly announced that they have entered into a definitive agreement in a deal valued at about $186 million, expanding OceanFirst’s footprint into Delaware, Maryland, Virginia and the Washington, D.C., metro area.

Onward and Upward: Welcome to Ascendia Bank
Glen Rock Savings Bank has changed its name to Ascendia Bank. Ferdinand (Fred) R. Viaud, Acendia’s President/CEO discusses the motivations for the change.


Upcoming Events

BCG Long Term Care
December 2, 2021

CFO Conference W/FMS,NY/NJ
 January 21, 2022

Economic Leadership Forum
January 21, 2022

See njbankers.com for details.




In the rapidly changing banking landscape, Chief Financial Officers are navigating major changes across the industry from new technologies to changing customer expectations. A CFO’s ability to successfully navigate these changes plays a critical role in a banks' success.

Attendees of the CFO Conference will gain new insights into the economic outlook, explore accounting hot topics, discover new information on the M&A environment and hear hot button issues first-hand from a panel of CFO’s.

Click Here to Register!



Endorsed Service Provider News

PMC’s Fall 2021 IRA & HSA Training Webinar Series
PMC is conducting a variety of training webinars for Fall 2021. You will continue to have the flexibility to choose the topics that you need the most, at the time that best fits your schedule. Brush up on existing IRA and HSA knowledge and learn about the latest updates made by the SECURE Act and CARES Act, and changes to the RMD rules for 2022. Join PMC for any or all of their ten different live webinar topics where you will be able to actively participate. Once the live webinar is completed, you will have on-demand access to the recording for 30 days, even if you don’t attend the live event. Easy to join and only $159 per course/per individual registration. For more information, to view the schedule of dates and times, or to register, simply go to https://www.nxtbook.com/nxtbooks/pmc/webinars_fall2021/ or contact PMC directly at 1-800-233-3207.

IntraFi Network Presents Webinars: FDIC Deposit Insurance Coverage and Related Matters
Endorsed Service Provider IntraFi Network will be holding webinars explaining FDIC insurance. In the session, FDIC Deposit Insurance Coverage and Related Matters, CPA attendees will receive the CPE for CPA certificate and non-CPA attendees will receive a certificate of attendance. The session will be presented by Joe DiNuzzo. Joe is an attorney with IntraFi Network, but prior to joining IntraFi Network, Joe served as a lawyer with the FDIC for more than 30 years. He specialized in deposit insurance coverage and related matters. The dates and times are as follows:
November 16 – 11:00 AM ET 

This free webinar* will cover: Coverage Background - Basic Coverage Rules - Agency or Custodial Accounts - Coverage for Government Accounts - Examination Preparation and Reciprocal Deposits

*For details, click here.


Newcleus Associate Member Spotlight

Newcleus’ partnership with Waterfall Asset Management will enhance client experience and bring more offerings with innovative technology, security and data integrity. They power organizations as the leading designer and administrator of compensation, benefit, investment and finance strategies - and for good reason.

Two months ago, in August 2021, Newcleus proudly announced that they completed a strategic transaction with the Waterfall Sentinel Fund (“Waterfall”), a private equity vehicle managed by Waterfall Asset Management.

Read More

Associate Member News

The Kafafian Group Presents COVID’s Ongoing Impact on Bank Branches Podcast
Insights from Jacob (“Jake”) Iampietro, SVP & Director of Retail Banking at Penn Community Bank and Thomas (“Tom”) Minichiello, SVP & Head of Retail Banking at Kish Bank
How are customers interacting with branches today, compared to how they used branches pre-COVID? Some surveys report that customer visits to branches are down and that customers have migrated to mobile/internet for their everyday banking. Our guests, Jake Iampietro, SVP & Director of Retail Banking at Penn Community Bank and Tom Minichiello, SVP & Head of Retail Banking at Kish Bank share their insights on what is actually happening at their branches and their opinions on the future trends in branch banking. Listen and enjoy!

Clifton Larson Allen Presents Year-End Planning
Wednesday, November 17 | Noon – 1 p.m. CT
Recommended CPE: 1 CPE credit, Taxes

The end of the year creates an opportunity for planning, both from a personal and tax and investment perspective. This webinar will discuss tax and wealth advisory strategies for the remainder of 2021 and beyond.

At the end of this session, you will be able to:
• Describe the potential infrastructure changes impacting estate and gift plans
• Identify tax and wealth advisory strategies to incorporate into year-end planning

Industry News

America’s Banks Updated with Data on Jobs, Bank Lending and More
ABA has updated the state-by-state economic impact on its America’s Banks website to reflect new information on jobs, Paycheck Protection Program lending, new home loans, branches offering low-cost, Bank On-certified accounts and more.

New Article Looks at How Bank Boards Change With Growth
As banks grow more complex, their boards change, writes editor-in-chief of ABA Banking Journal Directors Briefing Debra Cope in the latest issue of the ABA Banking Journal Directors Briefing.

ICBA continues IRS push in congressional roundtable
ICBA continued pushing back against the IRS reporting proposal during testimony at a House Financial Services Committee Republican roundtable.


New Policies for all In-Person Events

• NJBankers in-person events will require all attendees, speakers, guests, and NJBankers/BCG staff be fully vaccinated at least 14 days prior to the start of the event, or to have tested negative for COVID no more than 72 hours prior to the start of the event.  All attendees will be required to present proof of either their vaccine or negative test prior to accessing the event. 
• An email will be sent prior to all events detailing these policies and highlighting any changes that will be updated on our website
• While not a requirement, NJBankers encourages all attendees, speakers, guests and NJBankers/BCG staff to wear masks while indoors regardless of vaccination status
• If you show signs of a fever, cough or respiratory issues, we ask that you not attend an event
• If you become ill at an  event, we ask you let a member of NJBankers management team know and leave the event
• No exceptions will be made to these requirements (religious and medical exemptions must show proof of negative COVID test as noted above)
• NJBankers reserves the right to rescind and/or amend these policies at any given time based on State of NJ and  or  CDC recommendations




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