ABA: American Bankers Association Donates to Bank Wildfire Relief Fund
As part of the banking industry’s ongoing response to the most devastating wildfires in California history, the American Bankers Association announced today that it will donate a total of $45,000 to three different funds created by California banks to help those impacted by the fires including bank employees. The ABA donations were made after a…
FEMA: Additional Federal Assistance Approved for 10 Florida Counties
Ten Florida counties affected by Hurricane Michael are now eligible for federal assistance to help pay for the cost of repairing damaged public infrastructure and responding to the storm. FEMA announced that state and local government agencies, and certain private nonprofits including houses of worship, in these counties will now be eligible for assistance under…
ABA: Survey Shows 93 Percent of Americans Rate Their Bank’s Online and Mobile App Experience Highly
Data reinforce Americans like and appreciate innovative services offered by banks WASHINGTON — Ninety-three percent of Americans rated their bank’s online and mobile app experience as “excellent,” “very good,” or “good,” according to a new survey conducted by Morning Consult on behalf of the American Bankers Association. The survey also found that 7 in 10…
ABA: Free Career Training for Veterans, Transitioning Military Members and Military Spouses Unveiled
As the nation honors veterans this week for their service to the country, the American Bankers Association is launching a new training initiative designed to make it easier for those who serve to make the transition to banking. Today ABA released Transitioning Careers – Basic Bank Training for Veterans, a free, online training program specifically…
ABA: Report Shows Credit Card Market Expanded in Second Quarter 2018
Credit card use picked up in the second quarter of 2018, according to the American Bankers Association’s latest quarterly Credit Card Market Monitor. Compared to a year ago, super-prime accounts increased 9.2 percent and prime accounts rose 6.6 percent, both record highs. Meanwhile, subprime purchase volumes expanded at a much slower pace (+3.0 percent) on…
ABA: Association Donates $100,000 to Florida Disaster Fund
In light of the deadly devastation caused by Hurricane Michael, the American Bankers Association will donate $100,000 to the Florida Disaster Fund. ABA will also match donations made by ABA employees. The fund is the State of Florida’s official private fund established to assist Florida’s communities as they respond to and recover during times of…
ABA: Officers, Board Elected for 2018-2019
Members attending the American Bankers Association’s annual convention in New York have elected new ABA officers and directors to serve on ABA’s board for the 2018–2019 association year. The new officers are: CHAIRMAN: Jeffrey M. Szyperski, chairman, president and CEO, Chesapeake Bank, Kilmarnock, Va.; CHAIRMAN-ELECT: Laura Lee (Laurie) Stewart, president and CEO, Sound Community Bank,…
ABA: Jeffery Szyperski, Virginian Banker, Elected as New ABA Chairman
Today the American Bankers Association elected Jeffrey M. Szyperski as its chairman for the 2018-2019 association year. The election took place during ABA’s annual convention in New York. Szyperski is also chairman, president and CEO of Chesapeake Financial Shares, Inc., and Chesapeake Bank, an $820 million institution based in Kilmarnock, Va. In addition, he is…
ABA: Survey Shows Americans Highly Satisfied with their Bank, Trust Banks the Most to Keep Information Secure
Nearly 9 in 10 Americans with a bank account (86 percent) say they are “very satisfied” or “satisfied” with their primary bank, and 94 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. Unveiled today at…
ABA: Bankers Celebrate Get Smart About Credit Day, Promote Financial Literacy
Bankers visit classrooms across the country on Oct. 18 to teach credit education Bankers across the country are celebrating the American Bankers Association Foundation’s Get Smart About Credit Day today by visiting high school classrooms to teach teens how to use credit effectively. Get Smart About Credit Day, celebrated annually on the third Thursday of…