John McWeeney announced Monday that he will retire as the CEO of the New Jersey Bankers Association, effective June 30, 2022.
While the news of his pending retirement was announced Monday, McWeeney informed the NJBankers board of his plans back in the summer of 2020 in an effort to allow for an orderly transition.
McWeeney, 66, joined the organization as CEO in April 2007, after a 28-year banking career with Bank of America and its predecessor, Fleet Bank. In addition to his CEO position, McWeeney serves as chair of NJBankers Business Services, the association’s for-profit subsidiary; Bankers Cooperative Group, the association’s affiliated employee benefits brokerage; and the New Jersey Bankers Association Charitable Foundation.
John Fitzgerald, CEO of Magyar Bank and chair of NJBankers, said McWeeney has had great impact on the organization during his 14 years of service.
“He has helped to build NJBankers into a high-performing, member-driven trade association that effectively represents members interests with legislators and regulators, and offers members best-in-class member benefits, professional development and networking opportunities,” Fitzgerald said.
Founded more than 118 years ago, the New Jersey Bankers Association is a trade association representing 70 banks and 176 service providers. NJBankers provides a variety of services to members, including government relations at both the state and national levels, education and professional development, and employee health and welfare insurance programs through its licensed insurance brokerage facility, Bankers Cooperative Group.
“Through his hard work and dedication, John has stewarded NJBankers through many challenges, and leaves the organization with an outstanding management team and strong financial position. We’re thankful for his many contributions and wish him well as he looks forward to retirement.”
McWeeney particularly showed his strength of leadership during the pandemic, as he helped the state’s banks organize their response and assistance to businesses.
In alignment with the long-term executive management succession plans for NJBankers, Kaplan Partners, an executive search and board advisory firm headquartered in suburban Philadelphia, has been retained to initiate a formal comprehensive search to identify a successor to McWeeney.
McWeeney will continue to serve in his positions with NJBankers and its affiliates through the search process, as well as assist during the subsequent transition.