John McWeeney Jr, president and CEO of the New Jersey Bankers Association intends to retire effective the close of business on June 30, 2022 according to an Oct. 4 announcement.
McWeeney’s plans to step down have been in place since June 2020 as a way to allow for an orderly transition.
McWeeney also 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.
The 66-year-old McWeeney joined the organization as president and 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 Fitzgerald, president and 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. McWeeney will continue to serve in his role with NJBankers and its affiliates through the search process, as well as assist during the subsequent transition.
