• Updates & Photos From IBANYS Convention
  • Meet IBANYS' 2017-18 Officers. . .And, Three New Directors
  • Sign Up! IBANYS' Regional Security Conferences Are October 24 -25 in Rochester & Albany
  • Latest Updates From Washington & Albany
  • September Is National Prostate Cancer Month -- Good Time To Support Our "Cure The Blue" Initiative

Your IBANYS Team: 
Working Together To Make 2017 A Great Year 
For New York C ommun ity Banks !


In This Issue

Quick Links


Have You Contributed to NYSIBPAC This Year?
If not...now is the time! We need your help in this statewide election year to support candidates and committees who understand community banks' needs.  Can we count on you?
CLICK HERE
for our 2017 PAC contribution form. Help support IBANYS' political action efforts in New York State.

Partner


News From IBANYS' Convention

New Officers & Directors Chosen

IBANYS 2017-18 Chairmen-Elect Mike Briggs (left) of USNY Bank accepts the IBANYS Chairman's Gavel from 2016-17 Chairman Doug Manditch of Empire National Bank

New officers and Directors were elected at this week's IBANYS' Annual Convention "The Power of Community Banking" in Niagara Falls. 2016-17 Chairman Doug Manditch of Empire National Bank passed the IBANYS Chairman's Gavel to 2017-18 Chairman-Elect Mike Briggs (USNY Bank). Mr. Briggs, Vice Chairman Tom Amell (Pioneer Bank) and Treasurer Mike Wimer (Cattaraugus County Bank) will join with Mr. Manditch (who will serve as Immediate Past Chairman) to comprise IBANYS' executive committee when the new Fiscal Year begins on November 1.

Click here to read text of Chairman-Elect Briggs' acceptance remarks.

Click here to read text of Chairman Manditch's address. 

Left to right: IBANYS President & CEO John Witkowski, 2016-17 Chairman Doug Manditch (Empire National Bank) and 2017-18 Chairman-Elect Mike Briggs (USNY Bank)

IBANYS also has three new Directors:  Joining the board will be Mario Martinez (Catskill/Hudson Bank), Tony Delmonte (Bank of Akron) and John Eagleton (Steuben Trust). In addition, longtime IBANYS Director Ron Denniston (First National Bank of Dryden) was named Director Emeritus. 

IBANYS President Witkowski also recognized longtime IBANYS members and Directors Brenda Copeland (Steuben Trust), Stave Gobel (First National Bank of Groton), Bill Ryan (Cayuga Lake National Bank), Peter Forrestel (Bank of Akron) for their many years of service and leadership to their banks, the Association and the industry. 

2017 Convention A Major Success
A strong turnout of New York community bankers, IBANYS preferred providers, associate members and guests gathered this week in Niagara Falls for IBANYS'  2017 Annual Convention. Feedback was extremely positive for the three days of  business programs, the trade show, recreational activities and networking opportunities.  Speakers and roundtables on important topics. The e xhibitors conference showcased key products and services to enhance New York community banks.  Our silent auction to support our political action efforts raised important funds as we approach a critical stateweid election year. From our new Innovation Showcase and Emerging Leaders segments, to the Six Minute Drills and   culinary school experience for spouses & guests ( sponsored by   The Bonadio Group), the convention was a hit.
IBANYS will post links to the speaker presentations on our website (www.ibanys.net

    Thanks To ICBA Services!

IBANYS President John Witkowski (l.) and Chairman Doug Manditch accept a poster-sized representation of a commission check from ICBA Services for over $97,000. Presented by Loughlin Cleary and Tim Zimmerman of ICBA, the check is based on the number of products and services that IBANYS member banks are using, and is a significant increase over the 2016 commission.  


. . . A Special "Thank You" To Our Convention Sponsors  for their support of IBANYS and our New York community banking industry throughout the year! 
  • Accume Partners
  • Atlantic Community Bankers Bank
  • BankSight, Inc.
  • CEIS Review
  • The Bonadio Group
  • Federal Home Loan Bank of New York
  • First Empire Securities
  • ICBA
  • Roosevelt & Cross
  • Sandler O'Neill
  • SHAZAM
  • Smith & Wilkinson
  • Strategic Resource Management (SRM)
  • T.Gschwender & Associates
  • The Conference & Event Center Niagara Falls
  • Vitex, Inc.
  • Wolf & Company, PC

. . . And, To Our Exhibitors S who provided outstanding displays and explanations of all that they have to offer community banks in today's competitive environment! 
  • Accume Partners 
  • Bank Financial Services Group 
  • BSG Financial Group 
  • The Bonadio Group 
  • Bowers & Company CPA 
  • COCC 
  • Cummins Allison 
  • Federal Home Loan Bank of New York 
  • First Data Corp. 
  • First Empire Securities 
  • Freed Maxick, CPAs 
  • Genesis PPG 
  • ICBA Securities 
  • Jack Henry Banking 
  • Kasasa 
  • Legal Shield/ID Shield 
  • M&T Bank 
  • Main Street, Inc. 
  • New York Bankers Association 
  • New York LTC Brokers AIB 
  • Promontory Interfinancial Network 
  • Pentegra Retirement Services 
  • Red Hawk Fire & Security 
  • SHAZAM 
  • Strategic Resource Management 
  • Travelers 
  • Vitex 
  • Wolf & Company, P.C.



IBANYS Regional Security Conferences:  October 24-25 
In Rochester & Albany
IBANYS' Regional Security Conferences are scheduled for Tuesday,  October 24 (Marriott Rochester Airport) and Wednesday , October 25 (Albany Marriott). The programs are especially designed for security officers, operations and senior management personnel of New York community banks. As all IBANYS meetings and conferences, they will provide outstanding networking opportunities and educational programming.  The Security Conferences will focus discussions and presentations on key issues and challenges impacting New York community banks. Watch for additional details coming soon.


  • The National Association of Realtors' "pending home sales index" measuring signed contracts to buy existing homes fell 2.6% in August compared to July--the fifth drop in the past six months.  The index is now down the same amount compared to August of 2016, hitting the lowest level since January of that year. Regionally, pending home sales in the Northeast fell 4.4% for the month and were 4.1% below a year ago.
  • Mortgage application volume fell 0.5 percent last week from the previous week. Volume on the Mortgage Bankers Association's seasonally adjusted survey is now 21.5 percent lower than a year ago. Applications to refinance a home loan fell 4% for the week and are 36% lower than a year ago. when interest rates were nearly half a percentage point lower. Mortgage applications to purchase a home increased 3% percent for the week and are 4% higher than the same week one year ago.
 
GOVERNMENT RELATIONS

WASHINGTON, D.C.
  • U.S. Senate GOP leaders are preparing for a vote on a Resolution to block the Consumer Financial Protection Bureau's rule limiting financial institutions' use of mandatory arbitration clauses in consumer contracts. The resolution, which the House adopted last month, could come before the Senate as soon as this week. Both IBANYS and ICBA have urged Congress to support the blocking of the CFPB rule.
  • Sen. Bob Corker (R-TN), a key voice in the debate over housing finance reform and among the Senate Banking Committee's most influential members, will not seek re-election in 2018. His departure could put a deadline of sorts on his efforts to unwind and replace Fannie Mae and Freddie Mac.
  • ICBA submitted to the Senate Banking Committee a petition of more than 10,000 community bank employees and advocates urging action on the association's Plan for Prosperity regulatory relief platform. The petition includes signers from across the nation, including New York, in support of theplan to promote localized lending and job growth. IBANYs has strongly endorsed the Plan, and advocated for it with members of the New York Congressional Delegation.

ALBANY
  • A federal appeals court overturned the 2015 corruption convictions of former State Senate GOP Majority Leader Dean Skelos, citing a decision last year of the United States Supreme Court that narrowed the legal definition of corruption. The ruling comes ten weeks after another federal appellate panel cited the same Supreme Court decision and vacated the conviction of former Democratic NYS Assembly Speaker Sheldon Silver. Prosecutors have indicated they plan to retry both Silver and Skelos.
  • Governor Cuomo said this week a special session of the State Legislature may be needed if more than $2 billion in federal health care cuts to New York are allowed to take effect on Oct. 1. He said the looming cuts, called for under the Affordable Care Act, could require lawmakers to make drastic changes in the state's already-adopted budget. "If we lose $2 billion on Oct. 1 from the federal government, the budget is gone. Throw it out the window."
  • The NYS Department of Financial Services (DFS) yesterday day announced the approval of a new Banking Development District in Oneida County in an effort to expand banking services to under-served communities. Superintendent Vullo said the banking district demonstrates the agency's commitment to ensure that communities have "access to quality, affordable financial services close to home." The state Legislature created the BDD program, administered by DFS, in 1997 to encourage banks to establish branches in areas that lack them, generally low-income and minority neighborhoods. New York has made $10 million in subsidized public deposits available to banks in under-served communities. Banks that receive a BDD designation are eligible to receive below market-rate deposits from the state.


IBANYS identifies offers products and services that provide value to your banks, companies, employees communities. These brief summaries provide links for information. Please contact IBANYS President John Witkowski with questions. 

Health & Wellness 
The health and wellness landscape continues to evolve. "My Wellness Resource" can be a nice addition to your existing benefit package.   C ontact Alan Justin: (716) 907-5500 or visit:  http://nbibanys.phecard.com.
We are pleased to announce a new offer available to banks.  Offered through IBANYS' partner at My Wellness Resource is a unique program providing a $500 reba
te on any new Fiat, Chrysler, Dodge, Jeep, Ram or Hyundai vehicle. It may only be offered though individual banks, not through IBANYS itself. If your bank and employees might be interested, drop us a line and we will forward it to our contact at My Wellness, Alan Justin, who will reach out to you. 
We only ask that if you are not currently participating in the My Wellness Resource program, that you take a fair & objective look at the program!

Secure, Enhanced Internet Presence
The .bank program by fTLD operates trusted, verified, more secure, easily-identifiable internet locations for financial companies and 
customers.  www.icba.org/SRPArticles < http://www.icba.org/SRPArticles
> page 

Online Lending
Excelsior Growth Fund (EGF) is NYBDC's nonprofit Community Development Financial Institution and IBANYS' exclusive online lending partner. Visit 

Battle Against Prostate Cancer
Cure the Blue" raises funds and awareness regarding prostate cancer in New York State. Visit  www.curetheblue.com to get involved!
September Is National Prostate Cancer Month
Of all new cancer cases in the nation, prostate cancer represents 9.6%. In 2017, estimates are there will be 161,360 new cases, and that more than 26,000 people will die of the disease. 
Support IBANYS' "Cure the Blue" campaign to help New Yorkers participate in this effort to promote prostate cancer awareness and research. IBANYS partners with the Buffalo Bills Alumni Foundation, which sponsors the program, and urges our member banks to participate. Lake Shore Savings Bank President & CEO Dan Reininga announced that this month, Lake Shore is providing prostate cancer literature and Cure the Blue information at its headquarters in Dunkirk and all eleven of its branches. The bank is also offering "Cure the Blue" ceramic lapel ribbon pins to all customers for a $5.00 donation to Cure the Blue. "We fully understand the severity of this disease and the devastating effect it can have on families. Our support of 'Cure the Blue' initiative is something that we are taking very seriously. We're proud to support it."  "Cure the Blue" continue to grow throughout upstate New York. Walmart stores and the Labatt brewery are on board with a major push in the Watertown and Buffalo areas!IBANYS urges all of our member banks, associate members and allies to join the effort.     

in the spotlight
. . .First Data Corporation
First Data is a leading cost effective provider of innovative Non-Core Community Banking  products. Call or Email to discuss their scalable offerings such as Online/Mobile banking, Voice Services, EFT, Debit/Credit solutions, Star, Apple Pay and Loan Processing.  First Data is committed to quickly growing your ROI and customer base.
 
. . .That a s of year-end 2015, there were 6,143 credit unions  in the United States? Credit unions are tax-exempt, and not subject to CRA mandates or supervision. Credit unions were set up in the 1930s as small community organizations. To encourage credit unions' role in community service, they were exempt from federal income tax in 1937. Now, 281 credit unions have assets of over $1 billion. They account for 4% of the nation's credit unions, yet they take up about 75% of the tax benefit.
 

 

 New York community banks play a key role in our state and local economies. Help spread the good news among your customers, business and elected leaders and media!

 

Click here for quotes from Governor Cuomo and former DFS Superintendent Lawsky extolling the performance and value of New York community banks.

Click here for the full NYS Study on community banking.

Click here to read IBANYS President & CEO John Witkowski's comments on the new tax changes and benefits for New York community banks as approved in the 2014-15 State Budget.

 

Click here for IBANYS' letter to the Editor of Consumer Reports Magazine correcting failure to mention community banks as an alternative to using "big banks."

_________________________________

John J. Witkowski
President and Chief Executive Officer
 
Stephen W. Rice
Director of Government Relations and Communications

Linda Gregware
Director of Administration and Membership Services 

William Y. Crowell, III
Legislative Counsel