ABA: National Survey Finds Bank Customers Use Mobile Apps More Than Any Other Channel to Manage Their Accounts
For the fourth year in a row, U.S. consumers are conducting their banking via mobile apps more often than any other method, according to a new survey conducted by Morning Consult on behalf of the American Bankers Association. The national survey found that consumers continue to embrace digital banking channels, with 48% of bank customers…
ABA: Statement on Community Reinvestment Act Final Rule
“ABA and our members have long supported the goals of the Community Reinvestment Act to make sure people in every corner of the country have the chance to succeed. In demonstration of that commitment, banks of all sizes invested $287 billion in capital in low- and moderate-income areas in 2021 alone. We have also strongly…
ABA: Bank Employees Across U.S. Celebrate 20th Annual Get Smart About Credit Day
Bank employees across the country will celebrate the American Bankers Association Foundation’s Get Smart About Credit campaign today and throughout the year by sharing information with teens and young adults on a range of personal finance topics. Get Smart About Credit Day, celebrated annually on the third Thursday of October, is one of three ABA Foundation youth…
ABA: New National Survey Finds Majority of U.S. Consumers Think Congress Should Examine Whether Credit Unions Provide Enough Community Benefit to Warrant Existing Tax Exemption
U.S. consumers are generally unaware of the differences between banks and credit unions and believe credit unions should be held to the same standards as the banks they compete with for customers every day, according to a new survey conducted by Morning Consult on behalf of the American Bankers Association. A wide majority of respondents…
ABA: Virginia Banker Appointed Chair of American Bankers Council
The American Bankers Association today announced that John Asbury has been named chair of ABA’s American Bankers Council for the 2023-2024 membership year. Asbury is the president and CEO of Atlantic Union Bankshares and CEO of Atlantic Union Bank, a Richmond, Va.-based bank with 109 branches in Virginia, Maryland and North Carolina. He is also…
ABA: Reading Cooperative Bank CEO Julieann M. Thurlow Elected as New ABA Chair
The American Bankers Association today elected Julieann M. Thurlow as its chair for the 2023 – 2024 association year at ABA’s annual convention held in Nashville, Tenn. Thurlow is president and CEO of Reading Cooperative Bank, a 130+-year-old mutual community bank in Massachusetts. She is responsible for the bank’s strategic direction and management, and also…
ABA: Board and Officers Elected for 2023-2024
Members attending the American Bankers Association’s annual convention in Nashville, Tenn., have elected new ABA officers and directors to serve on ABA’s board for the 2023-2024 association year. The new officers are: Beginning new terms on the ABA board are: The above board members will join ABA President and CEO Rob Nichols, who also serves…
ABA: New National Survey Finds U.S. Consumers Remain Happy with Their Bank and Competitive Financial Services Marketplace
Survey also found consumers highly value overdraft protection and want Congress to allow banks to serve cannabis-related businesses More than 8 in 10 Americans (84%) say they are “very satisfied” or “satisfied” with their primary bank, and 94% rate their bank’s customer service as “excellent,” “very good” or “good,” according to a new survey conducted…
ABA: Next Generation of Bank Leaders Recognized with 2023 Emerging Leader Awards
The American Bankers Association today announced the 2023 recipients of its annual ABA Emerging Leader Awards. These awards recognize the next generation of bank leaders who are committed to the highest standards of achievement and service to both their industry and their local communities. “The 2023 ABA Emerging Leader Award recipients are a talented and diverse…
ABA: Banks Accepting Entries for the ABA Foundation’s Annual Lights, Camera, Save! Teen Video Contest
Banks across the nation are now accepting entries for the American Bankers Association Foundation’s 13th annual Lights, Camera, Save! video contest. Lights, Camera, Save! is a national contest that encourages teens to use video to communicate the value of sound money management. This free competition is one of ABA Foundation’s most popular financial education initiatives. Teen contestants…