Federal Reserve: Community Depository Institutions Advisory Council Members Announced for 2020
The Federal Reserve Board on Tuesday announced the members of its Community Depository Institutions Advisory Council (CDIAC) and the president of the council for 2020. The CDIAC advises the Board on the economy, lending conditions, and other issues of interest to community depository institutions. Members are selected from representatives of commercial banks, thrift institutions, and…
ABA: US Chamber Foundation and ABA Partner to Expand Bank Hiring Opportunities for Veterans
Community Banks Encouraged to Participate in Hiring Our Heroes Program A new partnership between the American Bankers Association and the US Chamber of Commerce Foundation will expand veteran hiring opportunities at banks across the nation. The partnership, announced at the ABA’s annual convention in Seattle, will enable more community banks to participate in the Foundation’s…
ABA: Seattle Banker Elected as New ABA Chair
Today the American Bankers Association elected Laura Lee “Laurie” Stewart as its chair for the 2019-2020 association year. The election took place during ABA’s annual convention in Seattle. Stewart is also president and CEO of Sound Financial Bancorp, Inc., and Sound Community Bank, a $717 million institution based in Seattle. Sound Community Bank is recognized…
ABA: 2019-2020 Officers Board Elected
Members attending the American Bankers Association’s annual convention in Seattle have elected new ABA officers and directors to serve on ABA’s board for the 2019–2020 association year. The new officers are: CHAIR: Laura Lee (Laurie) Stewart, president and CEO, Sound Community Bank, Seattle; CHAIRMAN-ELECT: James J. Edwards, Jr., CEO, United Bank, Griffin, Ga.; VICE CHAIRMAN:…
ABA: New Survey Shows Americans Remain Highly Satisfied with Their Bank
Nearly 9 in 10 Americans with a bank account (88 percent) say they are “very satisfied” or “satisfied” with their primary bank, and 96 percent rate their bank’s customer service as “excellent,” “very good” or “good,” according to a new survey conducted by Morning Consult on behalf of the American Bankers Association. The survey, unveiled…
FDIC: Buckeye State Bank Assumes All of the Deposits of Resolute Bank
Resolute Bank in Maumee, Ohio, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect depositors, the FDIC entered into a purchase and assumption agreement with Buckeye State Bank in Powell, Ohio, to assume all of the deposits of Resolute Bank….
FDIC: Kentucky Farmers Bank Corporation Assumes All of the Deposits of Louisa Community Bank
Louisa Community Bank in Louisa, Ky., was closed today by the Kentucky Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect depositors, the FDIC entered into a purchase and assumption agreement with Kentucky Farmers Bank Corporation in Catlettsburg, Ky., to assume all of the deposits of Louisa Community…
ABA: Bankers Across the U.S. to Promote Financial Literacy on Get Smart About Credit Day
Nearly 6,000 bankers will share credit education to 156, 000 students on Oct. 17 Bankers across the country will celebrate the American Bankers Association Foundation’s Get Smart About Credit Day on Oct. 17 by visiting classrooms to teach teens how to use credit effectively. Get Smart About Credit Day, celebrated annually on the third Thursday of October,…
ABA Foundation: Kathy Luria of Webster Bank Honored with 5th Annual George Bailey Distinguished Service Award
Connecticut Banker wins ABA Foundation’s highest individual honor. Kathy Luria, senior vice president for community affairs and philanthropy at Webster Bank in Waterbury, Conn., has been named the ABA Foundation’s 2019 George Bailey Distinguished Service Award winner for her tireless and innovative efforts to expand and enhance Webster Bank’s community and philanthropic engagement. Luria will…
FDIC: New Members of Advisory Committee on Community Banking Announced
The Federal Deposit Insurance Corporation (FDIC) today announced the selection of four new members to its Advisory Committee on Community Banking, which has been providing advice and recommendations to the FDIC on a broad range of community bank policy and regulatory matters since it was established in 2009. The Advisory Committee members represent a cross-section…