New Jersey Bankers Association
August 7, 2019

The Bankers Cup was a Real Hole-in-one

The NJBankers golf tournament for The Bankers Cup may have ended after 12 holes due to stormy weather but that certainly didn’t stop the golfers from enjoying a day of play, fun, food and prizes. Golfers enjoyed a barbecue lunch and were treated to a reception of heavy hors d’oeuvres and a buffet dinner. Door prizes rounded out the evening. Thank you to all who contributed a prize!

We are pleased to announce that the winners of The Bankers Cup (drum roll please) are Nina Anuario, Mark Tasy, Adrian Fanning and John McDonagh from OceanFirst Bank who played on the Meadow Course.

Many thanks to “Golf Chairman”  Jim Hughes, president/CEO, Unity Bank, who secured the golf course, Fiddler’s Elbow. He also emceed the event.

The winners on the River Course were Ed Dietzler, Jeff Hanuscin, Dan O’Donnell and Doug Conover of The Bank of Princeton.

Congratulations all!

We are also pleased to announce the team that placed last (at least they placed!) Kudos to NJBankers’ own Mike Affuso; Diane Scriveri, Freedom Bank; Mike Catania, Freedom Bank and Chuck Kronmiller, RSM. We suggested that they pack up their golf clubs and take up paddle ball! 

Joe Coccaro, president/CEO of Bogota Savings Bank, was kind enough to golf with everyone at the tournament so NJBankers staff did their best to accommodate. It was a good time for all (especially the staff!)  Joe, you have a great sense of humor and we appreciate you being such a good sport! We hope you had a lot of fun!

 


NJBIZ announces 2019's 40 Under 40 winners

The annual 40 Under 40 Awards honor the movers and shakers making their mark in New Jersey business. Congratulations to NJBankers Members and Associate Members who have been recognized!

Guillermo Artiles; partner, head of cannabis practice, co-head of government affairs practice; McCarter & English
Anthony DeGraw, director of partnerships, Domain Computer Services Inc.
Ryan Peene, senior vice president of corporate development & government banking, SB One Bank
Gregory Reid; counsel; Sills Cummis & Gross PC
Eliyohu Rennert, senior vice president, First Commerce Bank


Industry News

FDIC Annual Publication Examines Potential Credit and Market Risks
The Federal Deposit Insurance Corporation (FDIC) has published its 2019 Risk Review, an annual publication highlighting emerging risks and exposures in the banking system.


Federal Reserve announces plan to develop a new round-the-clock real-time payment and settlement service to support faster payments
The Federal Reserve Board has announced that the Federal Reserve Banks will develop a new round-the-clock real-time payment and settlement service, called the FedNow℠ Service, to support faster payments in the United States. 

OCC Consolidates Supervision Support Functions, Announces New Units
The Office of the Comptroller of the Currency has announced the realignment of approximately 150 staff members to create two new units; consolidating bank supervision support, risk analysis, and oversight of national trust banks and significant service providers.

 


Member News

Reber named South Jersey market exec for Merrill Lynch wealth management
Chris Reber has been named market executive for the South Jersey market, including Delaware, for the Wealth Management division of Merrill Lynch, part of Bank of America. In the new role, he will be responsible for leading and growing the market of financial advisors, management and support personnel in order to provide clients with the firm’s full financial capabilities.

TD Bank: Small businesses donate time, money, resources to communities
According to a recent survey by Cherry Hill-based TD Bank, 73 percent of small businesses support their local community through charitable and communal causes. While 61 percent of businesses with $5 million or less in annual revenue provide $10,000 worth of charitable gifts, sponsorships, or volunteer time yearly, 16 percent provide $50,000 or more worth.

Valley Bank offers card management services with fintech partnership
Wayne-based Valley National Bank has partnered with Ciphertext Solutions Inc., a financial technology software company, to offer virtual card management services for consumer debit cards through Valley’s consumer mobile banking app.

Columbia Bank Transforms its Operations via nCino
nCino, a leader in cloud banking, announced that Columbia Bank is live on the nCino Bank Operating System. Columbia’s move to the cloud and utilization of nCino’s market-leading banking platform is providing its employees and customers with a new generation of technology that delivers the right information and digital channels to enable a consistent and convenient banking experience.

N.Y. Jets, M&T Bank name Just Jersey winner of Small Business Showcase
The New York Jets and M&T Bank jointly announced that they have named Just Jersey the winner of the second annual Small Business Showcase. Just Jersey, which is based in Morristown, will receive $100,000 worth of sponsorship assets with the New York Jets for the 2019 football season.

Lakeland Bank Appoints Kelly and Sheflott
T
homas J. Shara, CEO and president of Lakeland Bank announced the following appointments:
Brian Kelly has been hired as vice president, commercial loan officer based in Montville. Ryan Sheflott has been hired as vice president, relationship manager based in Highland Mills, New York.

SB One Bank moves HQ to Paramus, opens 1st Hudson location
SB One Bank is widening its reach in North Jersey, moving its headquarters from Rockaway to Paramus and expanding into Hudson County. In the latest move, SB One announced the opening of a banking center at 1000 Port Imperial Ave., Weekhawken, representing its first Hudson County location. That follows the move of its corporate headquarters from Rockaway to Paramus last month.


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.


Select Service Provider News

Wolf & Company Announces Latest New Jersey Hire
Wolf & Company announced that Asaad Faquir has joined Wolf & Company, P.C. as Senior Manager, Regulatory Compliance. In his role, Faquir will be working with clients across all of Wolf’s service offerings and will lead Wolf & Company’s brand expansion within the New Jersey, New York, and Pennsylvania markets.


Associate Member News

Arun Banerjee Joins GRC Solutions as Managing Partner
GRC Solutions, LLC (“GRC”), announced that Arun Banerjee has joined the firm as Managing Partner. In this role, Banerjee has overall responsibility for the management and operation of GRC as well as business development. He will focus on driving growth in several key areas, including Financial Crimes Remediation Projects and Lookback Reviews, AML Technology Deployments and Integrations, Model Validations and Governance, and Compliance Testing.

The Bonadio Group Launches Foxpointe Solutions, a New Brand Dedicated To Integrated Information Risk Management
Building on more than a decade’s experience providing enterprise risk management (ERM) and cybersecurity services, The Bonadio Group is introducing a new brand, FoxPointe Solutions, to support businesses’ growing and evolving needs for information risk management (IRM) services. Co-founded by Executive Vice Presidents/Partners, Carl Cadregari and Charlie Wood, FoxPointe Solutions offers a full range of IRM services, including cybersecurity, HITRUST, PCI compliance, IT internal audit, penetration testing, and more. John Roman, who joined The Bonadio Group in 2018 as CIO, will serve as President and Chief Operating Officer of FoxPointe Solutions.

Tetherview Presents Cybersecurity Summit
September 19, 2019
Location: Oppenheimer & Co. Inc.,
85 Broad St, 22nd Fl, New York, NY
TetherView is pleased to announce the Second Annual Cybersecurity Summit in the heart of New York, co-hosted with Oppenheimer & Co, TetherView and Columbia University. Attendance is restricted to invitation only.
Password to register: Summit19


 



It's time to nominate your bank's up-and-coming leaders for an NJBankers Rising Star Award!

NJBankers Rising Star Awards recognize the up and coming, energetic new leaders of the banking industry. You know who they are at your bank so nominate your rising stars for an award! Let us spotlight their success!

Take advantage of this opportunity to show them that you applaud their achievements, value and service to your bank, the banking industry and the communities they serve with this prestigious award.

It’s simple! Just tell us why you feel your Rising Star deserves an award. Complete a Nomination Form and submit your nomination(s) by Friday, September 6, 2019. A panel of independent judges will review all entries and select the winners who will be notified on Thursday, September 19, 2019 along with the nominator.

All winners will be recognized at the Awards Dinner to be held at the Stone House at Stirling Ridge in Warren, NJ on November 7, 2019.


Other Industry Meetings



Register Today! Rider University to Host Career Fairs

Members welcome to attend to showcase their bank
September 26 and October 1

NJBankers is engaged in an initiative to establish relationships with New Jersey universities and colleges to support member efforts to recruit and retain highly motivated talent.  The goal is to show the upcoming generation in the workforce that careers in banking are fulfilling and diverse. Bankers can explain that the industry holds positions that support the frontline and include careers in IT, HR, marketing and so many more.  

Register Today for the Fall Accounting & Finance Career Fair on September 26th and the General Career Fair on October 1st.   



 


NJBankers Senior Management Conference

Sunday, September 22, 2019 – Tuesday, September 24, 2019

Take advantage of the early bird discount if you register by August 23rd

Registration is now open!
Your guidance drives the success of your bank. Your C-level and Senior management team put your vision into action. Your directors have the duty to govern your bank prudently.

At the Senior Management Conference, discover the top trends and topics that will help you guide your bank to excellence. Learn how AI isn’t science fiction but a solution. Explore if M&A is the way to drive deposits. Examine the most frightening cybersecurity threats. And that’s just the General Session. Take a look at the program and take advantage of a Conference combining the information you need with social & networking opportunities like receptions with savory and sweet treats, the acclaimed golf tournament & fishing excursion.

Take advantage of the early bird discount if you register by August 23rd

Sunday, September 22nd
4:30 pm – 5:30 pm Registration
5:30 pm – 6:30 pm Networking Reception
6:30 pm Dinner on your own

Monday, September 23rd
8:30 am – 11:00 am Registration

9:00 am – 9:30 am Breakfast

9:30 am – 10:30 am AI for Banking: What, How, and How Much?
Jesse McGannon, Vice President
Strategic Resource Management (SRM)
From cleaner processes, to erasing errors, to cutting costs, AI-powered technologies are already disrupting traditional banking as we know it. Discover how AI (Artificial Intelligence), RPA (Robotic Process Automation), and OCR (Optical Character Recognition/ machine learning is being applied to the banking industry today. Learn how banks of all sizes can get started at future-proofing their operations.

12:00 pm – 4:00 pm Golf Tournament – Team Shamble
Atlantic City Country Club, Northfield, NJ
(lunch served 11:00 am – 12:00 pm)

12:00 pm – 4:00 pm Fishing Charter
Leaving from TBD
(lunch served on boats at 11:30 am)

5:00 pm – 7:00 pm P.M. Registration
5:30 pm – 7:30 pm Welcome Reception in Partnership with: Federal Home Loan Bank of New York
7:30 pm Dinner on your own

Tuesday, September 24th
7:30 am – 2:00 pm Registration

8:00 am – 9:15 am Board of Directors Meeting
(includes buffet breakfast)

8:00 am – 9:15 am Breakfast and Breakfast Speaker
The Evolving Threat Landscape: Preparing for the Inevitable
Jack Vonder Heide, Founder, Technology Briefing Centers
The cyber threat landscape is highly irregular and ever-changing, and banks need to take a proactive and comprehensive approach to cyber risk management to protect, detect and respond to new and emerging attacks. This session provides insights on key trends within the threat landscape, including increased pressure to disclose breaches and threat responses; increased risk from growing use of mobile devices and adoption of the Internet of Things, and increased use of real-time intelligence tools to monitor attacks.

9:30 am – 2:00 pm General Session
Welcome and Introductions
Regulatory Update – What’s Next?
Speakers:
Charles Yi, Esq., Partner, Arnold & Porter and Former General Counsel, FDIC
Michael Mancusi, Esq., Partner, Arnold & Porter and Former Attorney, Enforcement Division, OCC
Moderated by:
Robert Azarow, Esq., Partner at Arnold & Porter
The session will explore legislative and regulatory rule making priorities in Washington, impact of personnel changes among the agencies, leading areas of inquiry in upcoming bank examinations, enforcement priorities at the federal banking agencies and the regulatory attitude towards bank consolidation, de novo banking and ILCs.

Industry Update from Independent Community Bankers of America
Kathryn Underwood, Treasurer, Independent Community Bankers of America
President & Chief Executive Officer, Ledyard National Bank
Learn what the ICBA is doing in the areas of advocacy, innovation and education to help community banks flourish.

Remarks
Commissioner Marlene Caride
New Jersey Department of Banking and Insurance

11:05 am – 11:20 am Networking Break

Solving the Deposit Dilemma with M&A
(and the Right Analytics)
Kamal Mustafa, Chairman & CEO, Invictus Group
Community bankers have seen it all in the last decade, as an unprecedented monetary policy reshaped their balance sheets. Each phase of the ever-shifting banking environment offered a new challenge and a new opportunity, whether it was to grow loans in a flat yield curve, or to chase deposits as interest rates returned. But with such swings, operational adjustments take too long, leaving banks headed in the wrong direction just as the fiscal and political environment shifts again. Attendees of this session will learn how to use M&A with the right analytics that can quantify events that have never happened before and adapt to existing and unexpected conditions.

Warren Hill Awards Presentation
Recipients:
Christopher Rozewski, VP/Head of Data and Analytics
Peapack-Gladstone Bank
Kevin Runyon, EVP/CIO/CDO
Peapack-Gladstone Bank
Robert Tartaglia, Mid-Atlantic Regional Manager State and Local Government Relations
JPMorgan Chase Bank

12:15 pm – 1:15 pm Workshops (Choose 1 of 3)
A. CECL: Are You on Board?
Ivan Cilik, CPA
, Partner, Baker Tilly
The Financial Accounting Standards Board’s (FASB) new accounting standard, Financial Instruments – Credit Losses (Topic 326) has made a major change to how credit losses should be reported. Referred to as CECL, the update will affect a variety of assets, including loans, debt securities, trade receivables, net investments in leases, off-balance-sheet credit exposures and reinsurable receivables. Explore the CECL impact on financial institutions and share best practices and guidance for planning and implementation.

B. Mechanics of Selling to (and Buying) Credit Unions
Ned Hogan, Shareholder, Stevens & Lee
Sunjeet Gill, Shareholder, Stevens & Lee
Alan Grover, Senior Vice President, Griffin Financial Group
In this session, attendees will review a case study of recent acquisitions of banks by credit unions, and learn about the more rare acquisitions of credit unions by banks. Ned Hogan and Sunjeet Gill will explore future possibilities as well.

C. Boards and Diversity
Jeffrey Marsico, Executive Vice President, The Kafafian Group
Matthew Prosseda, Managing Director, The Kafafian Group
Richard Trauger, Managing Director, The Kafafian Group
The roles, responsibilities and accountabilities for a Board member have never been greater for a commercial bank, publicly-traded or privately held, or for mutual. In a wide-ranging panel discussion led by three long-time industry veterans, TKG will evaluate industry trends in “best of breed” Board practices on diversity and offer opinions as to what’s next for the Board of the future.

1:15 pm – 2:00 pm Networking Lunch
2:00 pm Event Concludes

Click here to start your journey of discovery 


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

2019 Compliance Conference
Wednesday, September 11, 2019 - Thursday, September 12, 2019
The Sheraton Edison Raritan Center

Compliance managers must first identify the most significant compliance risks and then propose and maintain controls to mitigate those risks. Questions continue to emerge and Compliance University presents timely topics to ensure that you have the tools for a successful compliance program.

Cybersecurity Incident Response Planning Seminar
Thursday, October 3, 2019 
NJBankers Office, Cranford

In this highly interactive workshop, attendees will learn how to build and implement an incident response program. Participants will be taken through the six phases of the framework: Preparation, Identification, Containment, Eradication, Recovery and Lessons learned, to understand the practical application of each element.
Attendees will partake in real world scenario testing and work in teams to develop appropriate responses to attacks.

Regulatory Visit to Washington D.C.
Thursday-Friday, October 3-4, 2019
There’s empathy and movement in Washington regarding the regulatory burden on banks and the ability to address the needs of consumers and businesses in the communities they serve. Success on the regulatory front depends on action and NJBankers is providing the opportunity to be heard. The Regulatory Visit to Washington connects NJBankers members with the FDIC, OCC, Federal Reserve, CFPB, FHFA and Treasury for two days in the nation’s capital. Your participation is vital so regulators understand the concerns of the banking industry and incorporate them into their guidance. Join us!


FMS NY/NJ Chapter announces East Coast Regional Conference

September 8 - 10, 2019
Long Branch, NJ

The Financial Managers Society New York/New Jersey Chapter invites you to attend the FMS East Coast Regional Conference designed to explore trending topics that can provide attendees with a competitive edge.

 


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.


Mark Your Calendar



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