The New Jersey Bankers Association announced that John E. McWeeney, Jr, president & CEO, intends to retire effective the close of business on June 30, 2022. McWeeney informed the board of directors of his retirement plans in June 2020 in order to allow for an orderly transition. In addition to his president & CEO position, he 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. McWeeney, age 66, joined the organization as president & CEO in April 2007, after a 28-year banking career with Bank of America and its predecessor, Fleet Bank.
“John McWeeney has been with NJBankers for over 14 years. During this time, 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” stated John S. Fitzgerald, president & CEO of Magyar Bank and chair, NJBankers. “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”.
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 for McWeeney’ s position as president & CEO. 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.
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