August 29, 2018

In This Issue: 
Message From the President

By John Witkowski, President & CEO

IBANYS Mourns The Passing Of Bill Ryan

The Independent Bankers Association of New York State (IBANYS) is saddened by the passing of G. William "Bill" Ryan, CEO and President of Cayuga Lake National Bank on Thursday, August 23 in Auburn.

The New York community banking industry and IBANYS have lost a legend, a champion and a dear friend. IBANYS sends our deepest sympathy to Bill's family and many friends.

Bill - or as he was often called, "Banker" - was a longtime board member and active supporter of IBANYS. He was among the association's earliest and strongest supporters ever since he was named president of Cayuga Lake National Bank in 1975 - the year after IBANYS was formed to represent the interests of local independent community banks in New York State.

Bill started working at Cayuga Lake National Bank as a teller in 1960 when the bank was The First National Bank of Aurora. He became the bank's 10th President in 1975, and served in the capacity for 43 years. Under Bill's leadership, the bank underwent several expansions and its assets grew substantially - but always reflected Bill's priorities: that it must remain independent, provide excellent customer service, and support community organizations.

As Bill stated, "I have always admitted that we cannot be all things to all people. We are a community bank and we serve the customers the "Big Banks" feel are too small for them. I love my job and I love the community we serve. I have always lived here with my family. It's our job to know every customer that walks in the door and make them feel comfortable doing their banking. We are well known for our customer service..."

Information On Services
  •  Friends are invited to call at the Brew Funeral Home/Shakelton Funeral Home, 48 South Street in Auburn, New York on Friday August 31 from 4:00 to 9:00 PM. 
  • The funeral service will be held Saturday, September 1 at 11:00 AM at St. Mary's Church, 15 Clark Street in Auburn, New York. 
  • Expressions of sympathy may be made to Mathew House, 43 Metcalf Avenue, Auburn, New York, or to the "Banker Bill" Scholarship Fund in care of Cayuga Lake National Bank, P.O. Box 512, Union Springs, New York 13160, in memory of G. William Ryan.


IBANYS' 2018 Annual Convention in Albany
Less Than One Month Away!

IBANYS' 2018 Annual Convention is less than one month away, but there is still time to register! The conference will be held in the heart of the state's capital at the Hilton Albany beginning Tuesday, September 25th and continue through Thursday, September 27th. There are few exhibitor booths and sponsorship opportunities remaining, as well as time to donate an item to the PAC Silent Auction. Hotel rooms at the Hilton Albany are also still available, but the room block will end September 7th. Full Convention information, including the brochure and hotel booking information, can be found in the 2018 Annual Convention section of today's newsletter.


As always, thank you for your support of IBANYS and all you do for community banking.

Remember: IBANYS is YOUR association. Make it work for you!

- John
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2018 Annual Convention

                                                         PresidentMessConvention  2018 IBANYS Annual ConventionConvention

            September 25-27, 2018
                         Hilton Albany
                      40 Lodge Street
                    Albany, NY 12207

                    Hotel Information
A block of rooms has been reserved at the Hilton Albany. Reservations can be made by the following: 

Arrival Date:
 September 25, 2018
Departure Date:  September 27, 2018

           Price of Rooms & Exclusive Deals  

           Refer to Group Code:  1IBANY

                Web:  Click Here                     
         Phone:   1-866-691-1183

*Room Block Ends September 7th*


Member banks:   Share this information  with your senior management teams, officers, directors, compliance, security and human resources officers.  Preferred partners, associate members and business show exhibitors:  Now is the time to plan to attend, participate, sponsor/exhibit.  Contact Linda Gregware at or at (518) 436-4646.

Michael D. Cohn, CPA, CISA, CGEIT
Director-- WolfPAC Solutions, Member of the Firm
Wolf & Company, P.C.

Mike serves as Director of the WolfPAC Solutions Group at Wolf & Company. He is responsible for the strategic direction of the group and provides enterprise risk management (ERM) advisory services and board training to community based financial institutions. An expert on ERM, Mike routinely speaks on the topic before banking professionals nationwide and challenges many pre-conceptions while presenting practical approaches for community based institutions. Using his experience, Mike presents best practices on breaking down silos and building up better management models through ERM.

Prior to joining Wolf in 2003, Mike worked in multi-national financial institutions and technology start-ups. With over 25 years in the banking and technology industries, he has extensive knowledge in technology strategy and management issues, enterprise risk management programs, and corporate governance design.

Mike is an avid, extreme adventurer with 25+ years' experience snowboarding, multi-day back country hiking, and rock climbing. When not acting as a "soccer dad" he tries to convince his teenage children that mom is really going ice climbing on the family vacation.

Mr. Cohn will be presenting on Wednesday, September 26 at 3:36 p.m. with his presentation "Exploring Changes in the Risk Universe".


Greg Roll, CFA
Senior Vice President, Loan Trading Dept.
ICBA Securities

Greg Roll is a Senior Vice President in the Vining Sparks Loan Trading Group.  Greg began working in the depository sector in 1994 managing the strategic planning function for a regional bank. Since 2000, Greg has been working in the capital markets helping financial institutions formulate balance sheet strategies that create optimal income and return for shareholders. 

Currently he is focused on loan trading strategies to enhance loan portfolio performance, while incorporating the institution's asset/liability position, liquidity and capital constraints, funding profile, and current market expectations. Greg attended the University of Oklahoma and The University of Memphis, earning BBA and MBA degrees in finance. In addition, Greg has earned the CFA designation and is a member of the CFA institute.

Mr. Roll will be presenting on Wednesday, September 26 at 11:11 a.m. with his presentation "Balance Sheet Management and Your Loan Portfolio".


Show Your Support At Our PAC Silent Auction!

Wednesday, September 26, 5:30 to 7:15 p.m.

Our PAC Silent Auction is back! This popular convention feature is the perfect opportunity to showcase items from your region, while contributing to an essential committee that focuses and advocates for community banks in NYS legislative affairs.

The PAC contributes to New York State candidates and officials who understand and support the vital role community banks play in our local and state economies, as well as our communities. 

By donating a gift, you are also utilizing an exciting and creative opportunity to communicate to others what your organization and local community are all about. Items from your local region such as wine, food, tickets to special events, art, etc. convey what is unique and exclusive to your area: what makes your community, your community. Some auction items that have been donated to this year's convention are: Dooney & Bourke Ambler Handbag in Blush, Emmy's Organics Cookies from Ithaca, NY, and most recently Mackenzie-Childs Enamel Tea Pot, Creamer & Sugar Bowl.

Page 11 of the brochure provides full details and a list of suggested donation items. Take advantage of this opportunity and donate a gift today! View the PAC Silent Auction form to  submit an item.


Sponsorships & Booths Are Going Fast!

There are only a few exhibitor booths and sponsorships left, but there is still time to demonstrate your support for community banking by becoming a sponsor or exhibitor at our Annual Convention! 

Sponsoring an event provides your company an opportunity to be recognized and enhances the visibility of your organization to attendees. Our Convention has various sponsorships available, including bronze silver, gold, and platinum sponsorships. Page 9 of our Convention brochure lists sponsorships available and what is included.

Our Convention Trade Show puts your company and its products/services at the forefront with consumers and potential business prospects, while also providing something that is unmatched in today's digital age: face-to-face interaction. IBANYS' exhibitor tradeshow begins Tuesday, September 25 at 5:30pm and concludes Thursday, September 27 at 11:00am. Exhibitor registration and tradeshow details can be found on page 10  of the brochure, while you can view the booth floor plan and exhibitor kit on our website.

These two important opportunities give your organization a chance to both present your firm's products/services and show your support for community banking while networking with individuals who all value one common thing: the power of community banking.

Please take a moment to carefully review, and act soon to secure both your exhibitor booth location for the trade show and the event/activity you wish to sponsor.

Please note: Both will be assigned on a first come, first served basis.
As always, thank you for your support and participation.


Don't miss any Convention news. Follow us today!


New Feature!
Spotlight Bank of the Week

Spotlight Bank of the Week is a new feature that we have added to our website and e-newsletter. It is an opportunity to promote anything about your organization, such as fun facts, organization news, special events, etc. The Spotlight Bank of the Week will be featured on our homepage slider, e-newsletter, and our social media platforms for one week. So don't miss out on this exceptional opportunity to showcase your bank to thousands of people!

To apply, just fill out our registration form and email it to Natalie Rowan at

IBANYS Education/WebinarsWebinars
IBANYS Webinars

Are you participating in IBANYS' webinars? Your peers are! They provide timely, important information on subjects of interest to New York community bankers. They are valuable not only for their content, but for their convenience. Take part from the comfort and privacy of your office, without leaving the bank.  Our  Webinar Series  offers many topics in the following categories:
  • Audit & Accounting
  • Collections
  • Compliance
  • Directors
  • Frontline & New Accounts
  • Human Resources
  • Information Technology
  • IRA
  • Lending
  • Operations
  • Security & Fraud
  • Senior Management
We are always adding more programs based on needs and requests of our members,
who drive our focus!  Take a look at the various series of webinars we offer by clicking each of the links below.



What the New Law Means for Banks
Thanks to the newly signed regulatory relief bill, most reciprocal deposits are no longer brokered. This comes as banks face intense and increasing competition for deposits.

Join Us for a Webinar
Join Promontory Interfinancial Network-- the nation's leading provider and inventor of reciprocal deposit placement services-- for a free webinar that outlines key provisions of the new law and the impact ICS®, or Insured Cash Sweep®, and CDARS® can have on banks' balance sheets. The webinar will also cover how banks can use ICS and CDARS to capitalize on the opportunities at hand; presenters will discuss cost-effective ways to use the services to attract high-value relationships (even as deposit competition intensifies) and to lock-in more low-cost funding (even as interest rates continue to rise.) This webinar is a "must" for decision-makers at banks of all sizes, especially for community banks that utilize collateralized deposits and/or listing services.

Choose a date and time that works for you!


Presents a  Complimentary Recorded Webinar for
Our Valued Webinar Participants


GDPR is a hot topic! The General Data Protection Regulation is the European Union's new data protection and privacy regulation that became effective May 25, 2018. Although these EU rules were developed a continent away, don't underestimate how they might affect you.

Privacy is a fundamental human right under the EU Charter. GDPR is intended to protect EU residents' data privacy rights even outside the EU. Mandatory compliance may be closer than you think. A few states have introduced similar legislation and others are following suit. This free webinar will explain how to analyze when and how your institution will be affected by GDPR, and how it differs from your existing privacy rules.

Click the image below to access this complimentary webinar.

This free webinar is available until December 31, 2018.

View full information , including info about the presenters.

Government Relations

ACLU Supports NRA In Suit Against New York State -- 
But The NYCLU Disagrees

The American Civil Liberties Union filed a  friend of the court  brief  on behalf of the National Rifle Association (NRA), arguing that the case should proceed because of concerns that the NRA's free-speech rights were being trampled and that  "If the NRA's charges are true, the state's actions would clearly violate the First Amendment.  Public officials are, of course, free to criticize groups with which they disagree. But they cannot use their regulatory authority to penalize advocacy groups by threatening companies that do business with those groups."  The ACLU said that limits on firearms sales can be implemented without civil liberties concerns, but believes that in this instance, Governor Cuomo and NYS Department of Financial Services Superintendent Vullo are overreaching by discouraging banks and insurance companies from serving the gun advocacy group.  The NRA claims a letter sent to banks and insurers from State DFS Superintendent Vullo was intended to cause a financial strain on the association.  The letter warned those companies of the "reputational risks" of doing business with the NRA. 

New York is just one battleground in a nationwide political fight over the role that financial services firms play in facilitating firearms sales. State  Senate Republicans are drafting legislation to address concerns about banks distancing themselves from the gun industry. However, t he New York Civil Liberties Union, the state affiliate of the ACLU, elected not to join the ACLU's brief in support of the NRA's contentions, and a spokesperson noted: "The NYCLU's decision rested, in part, on a deep skepticism of the NRA's factual claims and on the concern that critical allegations in the complaint are contested."
Washington, D.C.WashingtonGR

New York Community Banks: Join the Grassroots Efforts On
Fair Lending, BSA

IBANYS joins with ICBA in urging community bankers to continue advancing two grassroots campaigns using  ICBA's Be Heard grassroots resource center .
  • Disparate Impact: Tell the Department of Housing and Urban Development (HUD) to amend its fair lending disparate-impact rule to meet the limitations imposed by the U.S. Supreme Court. ICBA's custom message calls on HUD to align its rule with the high court decision.
  • Bank Secrecy Act: Community bankers can also use the resource center to call on Congress to introduce legislation that will streamline the BSA/AML framework and alleviate compliance burdens.

OCC Seeking Feedback On CRA Reform

The Office of the Comptroller of the Currency (OCC)  requested public comment on how to  modernize Community Reinvestment Act (CRA) regulations . The OCC seeks feedback on how to update CRA to increase lending, expand eligible activities, revisit assessment areas, improve transparency, and more.  OCC expects to develop a more specific policy proposal to revise CRA rules after reviewing public comments.  ICBA has  met with regulators on the CRA modernization project to encourage improved consistency and transparency. ICBA said it looks forward to reviewing the OCC's questions, and working with the agency to make substantive improvements to CRA. ICBA President & CEO Rebeca Romero Rainey stated:  "ICBA urges regulators to be more transparent during the examination process, ensure examination and supervision are consistent across cycles and among agencies, and allow assessment areas to be identified and delineated by community banks rather than the agencies so that lenders can plan accordingly." 

Latest Political Snapshots:
In 24th & 27th Congressional Districts

In the 27th C.D.
 -- where incumbent Republican Congressman Chris Collins has announced he is not seeking reelection after his recent indictment -- many viewed State Sen. Michael Ranzenhofer as the front-runner to replace Collins on the ballot if the GOP succeeds in removing his name. However, Ranzenhofer has now removed himself from the running, and will instead seek reelection to a sixth term in the State Senate, where he is allowed to keep his law practice. (He would be forced to give it up if elected to Congress.) 
Ranzenhofer is one of three State Senators who expressed interest in replacing Collins, but all decided to seek re-election to their state posts. State Senate GOP leaders were concerned about any of Western New York State Senators leaving their state posts to run for Congress could place those GOP seats in jeopardy this November. Republicans hold just a one-vote majority in the Senate. 

Other News From D.C.

  • By a vote of 69-26, the U.S. Senate confirmed the nomination of Richard Clarida to serve as Vice Chairman of the Federal Reserve. He is a Columbia University professor, and managing director at the investment firm PIMCO. Clarida's nomination to complete an unexpired term on the Fed board also passed, on a voice vote.
  • The Federal Reserve Board issued an interim final rule immediately expanding the applicability of its Small Bank Holding Company Policy Statement, an ICBA-advocated provision of the S. 2155 regulatory relief law. Consistent with the law, the interim final rule raises the asset threshold from $1 billion to $3 billion in total consolidated assets. The policy statement allows qualifying holding companies to raise and carry more debt than larger holding companies and potentially downstream the proceeds to their subsidiary banks, serving an important role in capital formation. Raising the threshold has been a longtime provision of ICBA's Plan for Prosperity regulatory relief platform, and has been supported -- and advocated for -- by IBANYS in our meetings in Washington.
  • Several Republican Senators encouraged Federal Reserve Vice Chairman for Supervision Randal Quarles to create tailored regulations for banks with between $100 billion and $250 billion in assets. They reminded the Fed that under S.2155, it was not intended that the Fed would create a third layer of treatment, but rather that it would reduce regulations for non-systemic firms.
  • The Student Loan Ombudsman at the Bureau of Consumer Financial Protection (previously known as the Consumer Financial Protection Bureau) has resigned. Seth Frotman's letter to BCFP Acting Director Mulvaney claimed that the bureau "has turned its back on young people and their financial futures." Frotman also alleged that Bureau leadership suppressed a report suggesting that major banks were hitting students "with legally dubious account fees."

Industry Trends & Updates

Chairman Powell Defends Fed's Interest Rate PolicyPowellInterestRate

Fed. Reserve Chairman Powell
In a speech at an economic policy symposium in Jackson Hole, Wyoming, 
Federal Reserve Chairman Powell defended the Fed's approach to raising interest rates. He noted that the gradual increase is the Fed's way of "threading the needle" between potential "overheating" and possibly shortening economic expansion. Powell's speech followed President Trump's recent comment that the was "not thrilled" with the decision to hike interest rates. Meanwhile, Treasury Secretary Mnuchin defended Chairman Powell in an interview, stating that Powell has been a "phenomenal leader" of the Fed that "understands the issue of growth."

Take Advantage of Compliance to Provide Better Service
By Bryan Adler, Vetter

Compliance is a hassle for every financial institution, some more than others, but definitely  a matter that must be handled.With a little deeper thinking and creativity, you can turn it into  an opportunity to better serve your customers.  Let's look at some of financial institutions' top compliance concerns..." Read the full article.

OCC Seeks Bankers To Serve On Two Key Committees

The Office of the Comptroller of the Currency (OCC) is seeking nominations for members  of its Mutual Savings Association Advisory Committee and its Minority Depository Institutions Advisory Committee.  Both of these committees help the OCC to better assess the needs and challenges facing mutuals and minority depository institutions.  Nominations are due Oct. 15.

CBO: Restructuring GSEs Could Increase Cost Of Housing

The Congressional Budget Office (CBO) has found that restructuring the mortgage market would save the government tens of billions of dollars, but could also increase the cost of housing, presenting yet another hurdle for lawmakers looking to reform mortgage giants Fannie Mae and Freddie Mac. CBO estimated in a report released last week that the government-sponsored enterprises would guarantee $12 trillion of mortgage-backed securities over the next 10 years, costing the federal government $19 billion.

U.S. economic growth was a bit stronger than initially thought in the second quarter, notching its best performance in nearly four years. Businesses boosted spending on software and imports declined.  Gross domestic product increased at a 4.2 percent annualized rate, according to the U.S. Commerce Department's second estimate of GDP growth for the April-June quarter. That was slightly up from the 4.1 percent pace of expansion it reported in July and was the fastest rate since the third quarter of 2014. Compared to the second quarter of 2017, the economy grew 2.9 percent (instead of the previously reported 2.8 percent.) Output expanded 3.2 percent in the first half of 2018, (rather than 3.1 percent.)

Highest Consumer Confidence Level Since 2000

Consumer confidence rose in August to its highest level since October 2000.  The Conference Board's index rose to 133.4 in August (a survey of Reuters' economists had forecast it would fall to 126.7.) The measure had risen slightly in July to 127.4, up from 127.1 in June, as consumers reported better feelings toward the economy in the near-term but less optimism about long-term. In August, optimism increased among consumers. The percentage expecting business conditions will improve over the next six months increased to 24.3 percent from 22.9 percent. The survey measures American's sentiment on current economic conditions and prospects for the next six months, including business and labor market conditions. Consumer spending accounts for approximately 70 percent of U.S. economic activity.

Latest On Home Prices, Sales, Mortgage Applications

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 6.2% annual gain in June, down from 6.4% in the previous month. The 10-City Composite annual increase came in at 6.0%, down from 6.2% in the previous month. The 20-City Composite posted a 6.3% year-over-year gain, down from 6.5% in the previous month. Signed contracts to buy existing homes fell 0.7 percent in July compared with June, according to the National Association of Realtors' pending home sales index. The index was down 2.3 percent compared with July 2017 -- the seventh straight month of annual declines. Regionally, pending home sales in the Northeast rose 1.0 percent for the month but were 2.3 percent lower compared to last year.  Meanwhile, the Mortgage Bankers Association reported that total mortgage application volume decreased 1.7 percent last week and was 15 percent lower than a year ago. 

Median Earnings By Age Group -- Gender Gap Continues

The latest data from the Bureau of Labor Statistics shows the median earnings for Americans in every age group for the second quarter of 2018. 
  • 16 to 19 years: $450 weekly/$23,400 annually
  • 20 to 24 years: $540 weekly/$28,080 annually
  • 25 to 34 years: $794 weekly/$41,288 annually
  • 35 to 44 years: $971 weekly/$50,492 annually
  • 45 to 54 years: $986 weekly/$51,272 annually
  • 55 to 64 years: $993 weekly/$51,636 annually
  • 65 years and older: $996 weekly/$51,792 annually
The numbers prove drastically different when broken down by gender.  BLS reports that overall, women earn 81.3 percent of what men earn. BLS noted that "Equal Pay Day" fell on April 10. (It marks the time period a woman would have to work into the new year to symbolically achieve the same pay a man earned the previous year.) 

Banking News

Further Your Education at Barret Graduate School of Banking BarretGradSchool

Barret and IBANYS are aligned with a common interest: to represent the interests of the industry through effective advocacy and high quality educational offerings.

Located in Memphis, TN, Barret Graduate School of Banking offers a comprehensive graduate learning program for professionals in the financial services field. IBANYS has established partnerships with key industry educators including the Barret Graduate School of Banking. The school provides community bankers with an opportunity for a graduate degree in banking. 

We are currently endorsed by ICBA, ICBA Securities, Arkansas Community Bankers, CBAofGA, Indiana Bankers Association, CBAofKS, MIBA, CBAofOH, CBAofWV - with a couple more on the way. 

To learn more about Barret Graduate School of Banking, please visit


Keep The Door Open For Your Small Business Customers

Excelsior Growth Fund (EGF) is NYBDC's nonprofit Community Development Financial Institution and IBANYS' exclusive online lending partner. Join the growing number of banks that work with EGF to offer their customers an affordable and responsible option when they do not qualify for traditional financing. EGF offers loans up to $500,000 with a convenient, digital process. Loans under $100,000 are disbursed within 5 business days.

 EGF's experienced team can work hand-in-hand with yours to develop a customized process to make referring seamless. To learn more about offering your customers a second look through EGF contact Bryan Doxford, SVP, at at at (212) 430-4512. 

Spotlight Bank of the WeekSpotlightBank

The city of Dunkirk had been incorporated for less than a year when Lake Shore Savings and Loan Association first opened its doors at 92 E. 2nd Street in 1891. Today, over 127 years later, we continue as a locally headquartered and operated bank, serving our customers and community, providing rewarding employment and career growth opportunities for our team of dedicated bankers, and building long-term and sustainable value for our shareholders.

Lake Shore Savings has survived and has thrived by staying true to our mission statement: Putting People First. That means helping our customers, energizing our employees, respecting our shareholders and serving the communities throughout our region. It's a formula that has stood the test of time-from a Great Depression to economic booms, and everything in between-and continues to lead Lake Shore Savings in generating long-term value for our shareholders.

We continue to see many consumers seeking out the stability, values and customized services offered by community banks such as Lake Shore Savings. Yet, we also understand the expectations of banking customers are quickly evolving, making it essential to keep pace with the latest online and mobile banking options to remain a bank of choice for customers and prospects. To that end, we have made continued investments in our digital offerings and innovative products in ways that further differentiated our bank from the competition:
  • CardValet®- Offering greater control and security over Lake Shore Savings debit cards allowing customers to turn debit cards on and off, establish transaction controls, get real-time balances, and receive alerts for a range of card activities.

  • Benefits Checking- Lake Shore Savings established checking accounts that offer multiple benefits and rewards for banking with Lake Shore Savings, including a shop local, save local proximity couponing program with a nationwide network, cell phone protection, roadside assistance coverage, identity theft protection, and other non-traditional banking benefits. As part of the bank's "living local" initiative, branch personnel are also reaching out to local merchants to encourage enrollment in the proximity couponing program, and effort that adds value for current customers and establishes relationships with potential small business customers.

  • Concierge Banking- Lake Shore Savings enhanced its digital relevance, by furthering its concierge banking approach which offers customized banking solutions wherever and whenever it is most convenient for our customers. That means with digital capabilities, your kitchen table can become your bank branch.
  • Online Account Opening- Customers can open and fund accounts completely online and further benefit from new digital offerings.
These offerings add ease, convenience and value for our customers. Yet we never lose sight of the primary ingredient that has set Lake Shore Savings apart for over 127 years. Our people. We live, work and play in the communities where we provide sound advice and superior service to help our neighbors manage their finances and achieve their dreams. Our commitment doesn't stop at the end of the workday. Lake Shore Savings Bank and its employees consistently donate their time, talent and money to better our community and help those in need.

Music at the Pier Customer Appreciation Event

Lake Shore Savings Bank has been there for generations of Western New Yorkers. And so, it's our goal to make sure each new generation has the tools they need to thrive. From making a first deposit to securing a first mortgage, we'll guide you with the right support at every stage of your life. We know that achieving your financial goals requires personal attention, which is why we'll always put your needs first-in branch or online. And as new generations are born, Lake Shore will be there to greet them!

To learn more about Lake Shore Savings Bank and their products and services, please visit
IBANYS Spotlight Is On...

The Federal Home Loan Bank of New York (FHLBNY) is part of a government-sponsored enterprise, owned by its stockholders, that provides wholesale liquidity to member community lenders in New York, New Jersey, Puerto Rico and the U.S. Virgin Islands to help them more effectively meet the needs of their customers and CRA responsibilities. 

FHLBNY is committed to operating a financially safe and sound organization and fostering diversity at all levels by ensuring the inclusion of minorities, women, and individuals with disabilities in employment, in its business activities, and in service contracts.


Adam Goldstein, SVP, Head of Sales & Business Development

IBANYS Endorsed Services
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

My Wellness Resource & TELADOC

The health and wellness landscape continues to evolve. "My Wellness Resource" can be a nice addition to your existing benefit package. 

Teladoc can save your banks time and money, and provide real value to your employees as this testimonial from a New York community bank CEO proves:
"I wanted to let you know that some of our employees and I have been using "Teladoc" and it is one of the best things we have done for the bank. We all love it: We are saving time, avoiding waiting in an urgent care center or a doctor's waiting room for non-emergency related illnesses . . .and it is easy to use and convenient. Once you use it, you are hooked! This was a great find! Would recommend it to all banks."

Mario Martinez 
Chairman & CEO
Catskill Hudson Bank

Contact Alan Justin: (716) 907-5500. 

"Cure the Blue" Helps Banking Industry Battle Prostate Cancer!

The "Cure the Blue" program sponsored by the Buffalo Bills Alumni Foundation allows New Yorkers to participate in one of the most comprehensive efforts to help promote prostate cancer awareness and research in the United States.  Lake Shore Savings Bank has provided prostate cancer literature and Cure the Blue information at all eleven of its branches and their headquarters in Dunkirk. The bank also offered Cure the Blue ceramic lapel ribbon pins for a $5.00 donations to Cure the Blue to all their customers. "We fully understand the severity of this disease and the devastating effect it can have on families" said Lake Shore Savings Bank President and CEO Dan Reininga. "Our support of the Buffalo Bills Alumni Foundation's "Cure the Blue" initiative is something that we are taking very seriously and are proud to support." Buffalo Bills Wall of Famer and Alumni Foundation President Booker Edgerson, a two time prostate cancer survivor, said the bank has been a tremendous longtime supporter, noting: "They have really stepped up to the plate with their unwavering support of our Cure the Blue initiative." 

IBANYS urges all of our member banks, associate members and allies to join the effort. Cure the Blue" raises funds and awareness regarding prostate cancer in New York State. Visit  to get involved! Of all new cancer cases in the nation, prostate cancer represents 9.6%. In 2017, there were an estimated 161,000 new cases, and more than 26,000 fatalities due to the disease. Support IBANYS' "Cure the Blue" campaign to help New Yorkers participate to promote prostate cancer awareness and research.

Secure, Enhanced Internet Presence

The .bank program by fTLD operates trusted, verified, more secure, easily-identifiable internet locations for financial companies and  customers. 

Did You Know?

That the first printed checks have been traced back to 1762 by British banker Lawrence Childs. The word "check" also may have originated in England in the 1700s, when serial numbers were placed on pieces of paper as a way to keep track of (or to "check" on) them.
New York community banks play a key role in our state and local economies. Help spread the good news among our customers, business, elected leaders and the media!

John J. Witkowski
President & Chief Executive Officer

Stephen W. Rice
Director of Government Relations & Communications

Linda Gregware
Director of Administration & Membership Services

William Y. Crowell III
Legislative Counsel

Natalie Rowan
Marketing & Social Media Assistant