Magennis to serve as 2nd vice chair of NJ Bankers

ConnectOne Bank President Elizabeth Magennis has been appointed second vice chair of the board of directors of the New Jersey Bankers Association, the group announced Wednesday.

Magennis will assume her role July 1, when a new slate of officers is announced.

Magennis, who has more than 30 years of experience in the banking industry, joined ConnectOne Bank in 2006. She has played an integral role in growing the company to a top-performing bank with industry-leading metrics.

Under her leadership, the bank has experienced record organic growth, expanded its footprint into new markets, built a robust loan portfolio and made significant strides into the digital space, including the launch of online accounts and a cloud-based loan management system.

NJ Bankers CEO Michael Affuso said she will be a welcome addition.

“Elizabeth’s impressive career in the banking industry and her leadership skills are an asset to our organization,” he said. “With her service on our board of directors, we’ll continue to move our association forward and meet and exceed the goals we’ve set.”

Magennis said she’s eager to get going in the role.

“I am honored to accept the appointment to the esteemed Board of NJ Bankers, an organization that has a long history in supporting banks across the state of New Jersey,” she said. “The diversity of New Jersey’s banking sector plays an instrumental role in the strength and resilience of our state’s economy.

“As we collaborate on the next chapter of banking, I am eager to leverage my experience and insights to foster innovation, ensuring our banking community not only thrives but also serves as a catalyst for growth in our communities.”

ConnectOne Bank, a subsidiary of ConnectOne Bancorp, is a leading commercial bank nearing $10 billion in assets, serving the New Jersey, New York and South Florida markets.

NJ Bankers is a trade association representing 65 banks and 200 service providers. Founded 118 years ago, NJ Bankers 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.