May 2, 2018


In This Issue: 
  • Three GOP NYS Senators Won't Seek Re-election -- More To Come?
  • S.2155 Reg Relief Bill Still In House -- Pushing For May Action!
  • News On Upcoming IBANYS Meetings & Upcoming Webinars
  • Next Week: IBANYS' Bank Executive Symposium!
  • Follow IBANYS On Facebook, Twitter, LinkedIn and Instagram!



Message From the President
John Witkowski, President & CEO
What's New For New York Community Banks?
  • Next week, IBANYS will host our inaugural "Bank Executive Symposium" -- which previously was known as our CFO/Senior Management Conference. It will take place May 7th through 9th at the Watkins Glen Harbor Hotel in Watkins Glen, NY.  We will hold our Board of Directors meeting immediately after the symposium. This newsletter includes links to the symposium program brochure and registration, as well as a list of our sponsorshope you will be able to join us in Watkins Glen. 
  • IBANYS and T. Gschwender are once again co-hosting our Lending Conference in Rochester, NY on June 5-6.  It's a great place to learn about the issues facing commercial lending and commercial real estate lending. We'll cover topics like CECL and a loan review process for lenders, portfolio managers and analysts. We will provide insight into digital lending platforms and software programs that can help banks become more efficient in small business and SBA lending. Please share this with your commercial, mortgage, small business and consumer lending teams. To see the brochure click here, to register click here, and for sponsorship opportunities click here.
  • IBANYS' Human Resource Regional Conferences are set for June 12 in Rochester and June 13 in Troy.  The updated brochure and registration information is attached. Human Resources plays a key role in New York community banks. Our one-day conferences will cover topics all HR Departments are facing, such as sexual harassment, FMLA, FPL, talent acquisition and retention, benefits, identity theft, and much more. Our agenda offers qualified speakers who will share their knowledge and expertise. Please pass this along to your HR directors and those in supervisory roles, and urge them to register for whichever one-day conference is most convenient for your bank. To look at the brochure click here and to register click here.
Key Issues On The Government Relations Front: In Washington
  • We are closing in on crunch time in both Albany and Washington. There are only 21 more session days remaining until the NYS Legislature's scheduled adjournment for the year June 20. IBANYS held a Government Relations call this morning to hear updates on the latest political dynamics and legislative activities. Click here to read a brief summary of some of the issues discussed. We are once again battling to stop credit union expansion bills -- the latest would allow them to participate in the public deposits business through the State Business Development District program. There is also an effort to establish a state bank based on a similar model in North Dakota. In Washington, the hope is that the House will pass S.2155, the regulatory relief bill, "as is" during May. ICBA's ongoing drive to gather as many signatures as possible for its Community Bank Regulatory Relief Petition continues. We urge you to sign the petition and to contact YOUR Representatives to urge them to support passage of S.2155 without amendments.
  • Click here to read IBANYS' letter to New York House Members. 
  • Click here to access our federal legislative priorities one-page card, and call or email your Representatives. 
The ongoing drama and intrigue over which party will control the State Senate -- now, and after the November elections -- continues.  Democrats have 32 elected senators in the 63-seat chamber, and Republicans have 31. Yet  Republicans still control for now, as Sen. Simcha Felder (D-Brooklyn) is still voting with the GOP. Recently named Banks Committee Chair Elaine Phillips (R-L.I.) continues in place. However, Democrats continue to push hard to gain the senate majority. This past week, three veteran GOP senators (Bonacic, Marchione and DeFrancisco) announced they would not be seeking re-election this year. There is a strong possibility that more will follow suit.

 
Don't Forget About These Upcoming IBANYS Meetings!
Click here for a full list of our meetings and their brochures/registration forms.

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


Follow IBANYS On Social Media!

Have you found and followed IBANYS on social media yet? Connect with us today!


 

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2018 Meetings

                                
Bank Executive Symposium



May 7-9, 2018
Watkins Glen Harbor Hotel
16 N. Franklin Street
Watkins Glen, NY 14891
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Human Resources Conferences


June 12, 2018                    June 13, 2018
  Hilton Garden Inn                   Hilton Garden Inn
Rochester                                     Troy
800 Pittsford Victor                 235 Hoosick Street
Pittsford, NY 14534                   Troy, NY 12180

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Lending Conference



June 5-6, 2018
Woodcliff Hotel & Spa
199 Woodcliff Drive
                          Fairport, NY 14450                              
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Security Conferences




       June 19, 2018                 June 20, 2018
      Hilton Garden Inn                Hilton Garden Inn
     Rochester/Pittsford                          Troy
     800 Pittsford Victor              235 Hoosick Street
     Pittsford, NY 14534                Troy, NY 12180


_______________________________________________________________


Annual Convention








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


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Member banks:  Share this information  with your senior management teams, officers, directors, compliance, security and human resources  officers.  Preferred providers, associate members and business show exhibitors : Now is the time to plan to attend, participate, sponsor/exhibit.  Contact Linda Gregware: Lindag@Ibanys.net 

New Feature!
Spotlight Bank of the Week

Spotlight Bank of the Week is a new feature that we are adding 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 natalier@ibanys.net.

IBANYS Education/Webinars
IBANYS Webinars


IBANYS' webinars provide timely, informative sessions on important topics and issues of interest for community bankers. They are valuable not only for their content, but for their convenience. Participants can take part from the comfort and privacy of their offices, 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.
_______________________________________________________________


Community Banking Month Special



Celebrate Community Banking Month with a  FREE WEBINAR

Buy any  2 webinars and get a coupon code for  1 free until May 31st

____________________________________________________

Pricing starts at $230

WHAT YOU GET:
  • 90 minutes of industry-leading webinar training
  • Take-away toolkit with supplemental materials, training log, and a knowledge-check quiz
  • Live and recorded options to view at your conveience
  • Viewable on desktop, mobile, or tablet
HOW TO GET YOUR FREE WEBINAR:

Add two webinars to your cart. Before completing your order enter "Send my free webinar code!" in the Comments box. A coupon code for your free webinar will be emailed to you within one business day. Choose your webinars here.

*Not applicable for full Series orders


_______________________________________________________________

Community Banking Matters: 2018 Webinar Series for Community Bankers



ICBA Securities and its exclusively-endorsed broker dealer, Vining Sparks, will present a one-hour webinar on May 15 that will provide an SBA Market Update. This is the fourth in the 2018 webinar series.  Speakers will be two professionals from Vining Sparks: James Plunkett, Director of Investment Product Strategies, and Oscar Adams, Senior Vice President, SBA Trading. SBA 7(a) pools offer one of the few opportunities to invest in floating-rate government-guaranteed securities without cap risk. The range of structures and prices offers a spectrum of yield opportunities based in part on investors' willingness to deal with and ability to manage premium prices. This webinar will include ways to measure and manage this premium. The webinar will also include discussions of the two major fixed-rate SBA investment alternatives, including their structures, prepayment patterns and relative value.  What you will learn:
  • Recent SBA price and issuance trends
  • SBA 7(a) prepayments in detail
  • 2017 principal distribution methodology change impacts
  • Yield versus premium tradeoff considerations
  • Fixed-rate SBA issuance volume, yield, and spread trends
The webinar is provided at no cost to Vining Sparks customers and community bank members.  Who should participate? CEOs, CFOs, investment managers, bank directors, and those responsible for investment portfolio management with working knowledge necessary to benefit. Click here to register.


Government Relations
Albany
  Three Key GOP Senators Won't Seek Re-election
. . .As Pressure Mounts On Felder To Rejoin Democrats

Sen. DeFrancisco
This past week, three veteran Republican State Senators (John Bonacic, Hudson Valley; Kathy Marchione,
Sen. Marchione
Capital District/Hudson Valley; Deputy Majority Leader John DeFrancisco, Onondaga and Cayuga Counties) announced they will not seek re-election this year. The GOP holds 31 of the 63 seats in the State Senate. Democrats hold 32, but one of them (Sen. Simcha Felder, Brooklyn) votes with the GOP.
 Felder remains the key 32nd member for Republicans in the Senate to retain power.  Gov. Cuomo, who brokered the recent Senate Democratic reunification with the former breakaway IDC, noted: "Democrats must unify to take back the
Sen. Bonacic
majority. This conversation will continue." He and other leading Democrats continue to urge Felder to return to the Democratic conference to give their party the majority for the balance of this year's legislative session. Responding to the three announced GOP retirements, Senator Felder noted: "This certainly makes it more difficult for Republicans to retain the majority. It's certainly not helpful." Senate Democratic Leader Andrea Stewart-Cousins (Westchester) urged Sen. Felder to join the Democratic conference, saying a "blue wave" would sweep the party into party this November, "So, why wait?" According to press reports, the State Democratic Committee and Gov. Cuomo plan to back a Democratic primary challenge to Felder unless he switches his alliance. 


The latest "City & State Political Report" analysis finds that 10 NYS Senate seats are currently in play-11 counting the potential for post-election maneuvering involving Sen. Felder. Of the 10 seats up for grabs at the polls, only two are held by Democrats. 
Click here to read the full analysis. 


On the State Legislative Front:

 

  • The Assembly is considering legislation to further expand credit unionpowers. A.6949B Zebrowski/S.6700, Hamilton would permit federal and state chartered credit unions to accept State and Local deposits through the BDD program (a program currently available only to banks and thrifts). The bill is on the floor of the Assembly, but has not yet moved in the Senate. A.10232, Jean-Pierre)/ S.7100, Kavanaugh would allow low income credit unions in New York City to accept municipal deposits for the BDD program only. It also has seen no movement in the Senate. IBANYS was able to stop these initiatives last year, and we are opposing them this year as well. It would be inappropriate for credit unions, which pay no taxes, to have the additional ability to accept taxpayer deposits.
  • Also in the Assembly, legislation (A.10431, Steck) has been introduced to establish a state public bank. There is no sponsor in the Senate. The bill is modeled after a similar initiative that established the North Dakota State Bank, and there is a similar legislative proposal in New Jersey. There is no companion bill in the Senate.

Washington, D.C.
It's Time To Move S.2155 In House -- Hopefully This Month

Three weeks ago, ICBA launched the Community Bank Regulatory Relief Petition. The goal is to gather ten thousand + signatures from community bank employees, directors, and customers under a letter that urges the House of Representatives to immediately pass S. 2155 the Economic Growth, Regulatory Relief and Consumer Protection Act.  We are very close to meeting and exceeding that goal. Help push us over the top: sign the petition. Please also reach out your directors, employees and customers to sign the petition too.
As you know, IBANYS and ICBA are urging the House to pass pass S.2155 as is, with no amendments, to provide meaningful regulatory relief for community banks.  The President has pledged to sign S. 2155 into law. There are reports that House Financial Services Chairman Hensarling (R-TX) may be ready to move the bill, and seek to pass the 30 or more amendments the GOP had sought separately. Members of the Senate  are firm that no further measures should be added, and new amendments would jeopardize chances for relief. Please urge your Congressional Representatives to support S.2155 as is. The goal is to try to move the bill during May, once Congress returns from its recess next week.



Senator Gillibrand Wants Banking In Post Offices
 

Senator Gillibrand (R-NY) has introduced legislation in the U.S. Senate to establish a retail bank in each of the United States Postal Service's 30,000 locations -- including all 1,506 in New York State.   Her bill is intended to eliminate payday lenders by providing basic banking services in low-income areas, which the Senator believes are underserved by traditional banks. ICBA and INANYS oppose the measure.

CSBS Lawsuit On OCC's FinTech Proposal Is Dismissed

Joseph Otting
A federal judge has dismissed a Conference of State Bank Supervisors (CSBS) lawsuit challenging the Office of the Comptroller of Currency's (OCC's) proposal to grant special-purpose bank charters to financial technology companies. The judge said the complaint is premature because the OCC has not reached a decision on the proposal.
 ICBA supported the lawsuit and continues calling on the OCC to request specific congressional authorization before proceeding with any fintech charter. ICBA also believes any new chartered institution should be subject to the same supervision and regulation required of community banks. Comptroller of the Currency Joseph Otting said at last month's ICBA Capital Summit that the agency is working to finalize its position on fintech charters, pledging that any chart.

FDIC Vice Chair Hoenig Departs

Thomas Hoenig stepped down this week as FDIC vice chairman and board member. He joined the board in April 2012, and served a full six-year term. Hoenig was previously president of the Federal Reserve Bank of Kansas City and a member of the Federal Open Market Committee from 1991 to 2011.
Action Alert


Call Or Email  Your Local Representatives: 
Tell Them To "Vote For Community Banks" By Passing S.2155 

The bipartisan Senate regulatory relief bill (S.2155), has been approved by the U.S. Senate 67 votes affirmative votes. T he action now moves to the House of Representatives. The challenge now is to urge the House to approve the Senate legislation as is, without adding any amendments that would jeopardize the bipartisan support demonstrated in the Senate, where 16 Democrats joined their Republican colleagues in voting for the measure.  IBANYS is conducting a grassroots outreach effort with the New York House delegation. To email or call your Representatives, click on the links below:


We have written to each member, but we need YOU to contact your local Representatives. Call their district offices while they are home for the two-week recess beginning this weekend. You can also visit www.icba.org and use their "Be Heard" grassroots site to tailor your messages.
Industry Trends & Updates
 


Statement from the Federal Open Market Committee
. . .Fed Leaves Rates Unchanged. . .BUT. . .

The Federal Reserve kept its benchmark interest rate unchanged Wednesday but acknowledged inflation is beginning to creep higher. There were several tweaks to the post-meeting statement. The committee noted "overall inflation and inflation for items other than food and energy have moved close to 2 percent," an upgrade from March, when the FOMC said the indicators "have continued to run below 2 percent." The committee also made one other change to its inflation forecast. "Inflation on a 12-month basis is expected to run near the Committee's symmetric 2 percent objective over the medium term. In March, the committee had projected inflation to "move up in coming months," so this week's language indicates more progress toward the inflation goal.

In summary:
  • The Federal Open Market Committee held the funds rate at a target of 1.5 percent to 1.75 percent, as expected.
  • The committee noted that "overall inflation and inflation for items other than food and energy have moved close to 2 percent."
  • The Fed also noted some improvements in the economy, saying, "business fixed investment continued to grow strongly."

Portfolio Power: Barbell Structure May Be The Right Regimen.
By Jim Reber, President, ICBA Securities

As yields continue to set cyclical highs during 2018, many community bankers have asked ICBA Securities President Jim Reber questions about what to invest their next purchases. Some of them have been surprised to hear an answer that Jim has been giving for the better part of this decade, even though absolute yields and the shape of the curve look nothing like the 2010s. His answer is rooted in history and in forecasts. 
Click here to read Jim's full column.


Latest On Home Sales/Prices & Consumer Spending

According to the National Association of Realtors, pending home sales increased 0.4 percent in March but were down 3 percent from a year ago. Sales were down on an annual basis for the third consecutive month due to the lack of housing supply. CoreLogic reported that home prices have been rising steadily since the recession, but "the gains are suddenly accelerating as spring demand heats up in an already highly lean and competitive market." Prices were 7 percent higher in March than they were a year earlier, the biggest gain since May 2014. The report noted all 50 states saw home values increase, and that prices are now higher than they were at the peak of the last housing boom, though that does not account for inflation. Meanwhile, the U.S. Commerce Department reported that consumer spending rose 0.4 percent in March, as personal income advanced 0.3 percent. The spending increase came after expenditures rose 0.2 percent in January and were flat in February. 

Small Business Optimism Still Near Record High

For the first time since CNBC and SurveyMonkey began taking the pulse of Main Street more than a year ago, a majority of small-business owners across the country say business  conditions are "good."  This number has risen for four straight quarters, starting at 38 percent in the second quarter of 2017 and climbing to 53 percent in this quarter's poll. In additional signs of optimism, 60 percent expect revenue to increase over the next 12 months, and 31 percent expect to increase headcount.  The CNBC/SurveyMonkey Q2 Small Business Confidence Index dipped to 61 (down from the record first-quarter reading of 62), due to a sharp increase in the number of small-business owners who expect trade policy to have a negative impact on their businesses in the next year. That number rose from 17 percent in the first quarter, to 28 percent in this quarter's poll. 
Banking News
Online Lending

Excelsior Growth Fund (EGF) is NYBDC's nonprofit Community Development Financial Institution and IBANYS' exclusive online lending partner. Their  mission is to help businesses in New York, New Jersey and Pennsylvania grow by providing small business loans and advisory services. As a nonprofit organization and a U.S. Treasury-certified Community Development Financial Institution  (CDFI) , they're a responsible lender you can trust. Their  products are affordable and flexible, and their advisory services can help you reach your business goals. Their signature product, the EGF SmartLoan™, provides up to $100,000 through a streamlined online platform.  Loans are approved in 1-2 days and funded in a week.  For more details, please visit: http://excelsiorgrowthfund.org/egf_smartloan/ 

Spotlight Sponsors
Sponsors 2018 Banking Executive Symposium

This week, we are shining the spotlight on our sponsors for the 2018 Banking Executive Symposium. Check them out and the event that they will be sponsoring!

Cocktail Reception Sponsored By:

 

Performance Trust Captial Partners, LLC is committed to helping financial institutions improve their long-term performance and deliver shareholder value. Check out their variety of services, including enterprise shape management and regulatory support. Visit their website at:   www.performancetrust.com.


Lowest Team Score, Closest to the Pin, & Longest Drive Sponsored By:
 
Roosevelt & Cross is a municipal bond broker-dealer that specializes in tax exempt and taxable municipal bonds. They also provide a number of financial services such as research & trading. For a complete list of services and to learn more, visit www.roosevelt-cross.com.


Golf Balls Sponsored By:



Sandler O'Neill + Partners, L.P. is a full-service investment banking firm and broker-dealer focused on the financial services sector. They  provide a full suite of investment banking services, including merger and acquisition advisory, capital markets, fixed income and equity trading and sales, equity research, balance sheet management, mortgage finance, and consulting services to financial institutions and their investors.  To learn more, visit www.sandleroneill.com.


Dinner Wine Monday Evening & Tuesday Evening Sponsored By:



Wolf & Company, P.C. is a CPA firm that provides a variety of services including accounting services, risk management services, and more. They serve a number of institutions, including community banks. To learn more about Wolf & Company, P.C. and their services, please visit www.wolfandco.com.


Dinner Tuesday Evening Sponsored By:



The  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. The 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. To learn more, please visit www.fhlbny.com.
Spotlight Bank of the Week


If your financial institution is called a "savings bank," it has probably seen its fair share of history. The very notion of a savings bank is a relic from a time when banks were limited to one or two services. Although these regulations were repealed in the mid-1900s and banks could expand the services offered, many savings banks retained their original names in the interest of the community they served. Watertown Savings Bank is one such institution, where community has mattered for 125 years.

Watertown Savings Bank- 1893
In 1893, a small group of Watertown residents decided they would build a financial institution to benefit the community. This group, composed of prominent businessman and successful professionals in the area, was beginning to see Watertown flourish and recognized the need for a reliable local bank.

The bank was, and still is, structured as a mutual savings bank with a board of trustees and no stockholders. A brief look at the original list of trustees provides a snapshot of local commerce and politics around the turn of the century. Among the list are two paper manufacturers, a produce dealer, a former lieutenant governor, a city mayor and a local jeweler. The snapshot is brought more into focus with a look at the original operating hours. In addition to weekday hours, the bank was also open from 5:00 to 8:00 P.M. on Saturdays. This was done to accommodate the mill workers and factory employees, who could only make it to the bank on Saturday  evenings after a six-day workweek.
Watertown Savings Bank- 1921

The formative years of Watertown Savings Bank were proving fruitful, so much so that the bank moved into a new space in 1921. The new location, four times the size of the original office, was located at the top of Public Square and provided a hub for the hard-working local customer base. At this time, after only 28 years of operation, the bank had seen a growth of over $4 million in assets. Profits only increased in the decades to follow.
 

In 1959, the bank was once again in need of a larger facility and purchased two properties
Watertown Savings Bank- 1960
to facilitate the construction of a new office building. The new office opened a year later with 30 employees and $32 million in assets. A handful of our current employees started out at this now razed building, and they stayed because the bank cares as much about its employees as it does its customers.

Quality customer service is at the heart of what Watertown Savings Bank stands for and it is the reason customers continue to visit our branches. Bank President & CEO Mark R. Lavarnway said, "we have found that providing the highest level of personalized and community support offers many benefits which are often superior to our competitors. We understand our local economy and the diverse banking needs of our community."

This year, Watertown Savings Bank celebrates 125 years of service in the North Country. With 125 employees, $660 million in assets and a total of nine branches in Jefferson 
Watertown Savings Bank- 2018
County, the bank built to serve the Watertown community is still thriving. It currently retains the largest deposit market share in the county and has been recognized as the top mortgage and commercial lender. The Bank's accomplishments do not stop at the county level either. It has been awarded the Top SBA Small Community Lender six times. Last year, Banking New York magazine named Watertown Savings Bank as the Top Community Supporter in New York State. In 2017 alone, we proudly donated over $335,000 to local non-profits and charitable organizations.

Our name and our mission have stayed the same since 1893. The nature of the banking industry demands that a bank evolve and adapt to stay relevant, but this is no small feat. Evolve too much and you risk losing your loyal customers, fail to adapt and you lose your ability to form new customer relationships. Watertown Savings Bank has found the right balance. Mr. Lavarnway points out "We have evolved with the times in terms of products and services, but we have maintained that same culture of local management, local decisions, and local support." An emphasis on local support is the reason we opened our doors 125 years ago and it is the reason they are still open today.

To learn more about Watertown Savings Bank and its products and services, please visit www.watertownsavingsbank.com.

 
IBANYS Spotlight Is On...
             

Vetter is a game-changing digital lending platform build from the ground up with direct input from community banks.  Vetter helps you reach an entirely new potential audience with a new modern online lending experience - no matter where they are, expand your geographic footprint of satisfied customers.  Vetter takes the monotony out of your daily lending routine by handling the routine loan processing and servicing tasks. Write more loans while we chase the paperwork. Service your customers the way you want, faster and more effectively. Vetter delivers everything you need to fuel your growth and build deeper relationships.

For details, contact CEO and Co-Founder Bryan Adler: 


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:
HERE'S WHAT YOUR FELLOW NEW YORK
COMMUNITY BANKER SAYS. . .
"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  curetheblue.com  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. www.icba.org 

Did You Know?

. . .That there are 6,143 credit unions in the United States, with 103.992 million members?
Did you also know that ten years ago, only 70 credit unions had assets of more than $1 billion. . .but that today, there are 284?

Did you know that the credit union federal tax subsidy alone was valued at $27 billion over ten years, according to a recent estimate by the U.S. Office of Managament and Budget?

Do you think  your federal and state legislators know these facts? Shouldn't they?

 
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
Connect With Us!