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…
FDIC: New Members for the Advisory Committee on Community Banking Announced
The Federal Deposit Insurance Corporation (FDIC) has announced the selection of seven new members for 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…
ABA: Foundation Honors Texas Banker with Distinguished Service Award
Marcus A. Vasquez, a Texas banker, has been named the ABA Foundation’s 2018 George Bailey Distinguished Service Award winner for his efforts to assist his community after Hurricane Harvey. Vasquez currently serves as the vice president and fair banking officer for Allegiance Bank in Houston, and has more than 14 years of banking experience both…
ABA: Association Donates $100,000 to North Carolina Bankers Association Hurricane Relief Fund
In light of the devastating impact Hurricane Florence has had on North Carolina, the American Bankers Association will donate $100,000 dollars to a relief fund created by the North Carolina Bankers Association. ABA will also match donations made by ABA employees. The fund will assist bank employees and their families affected by the storm and…
OCC: Agency Seeks Members for Its Minority Depository Institutions Advisory Council
The Office of the Comptroller of the Currency (OCC) is seeking nominations for members of its Minority Depository Institutions Advisory Committee (MDIAC). The MDIAC assists the OCC in assessing the needs and challenges facing minority depository institutions. The OCC is seeking nominations of officers or directors of OCC-regulated minority depository institutions, or officers or directors…
Federal Reserve: FEDS Notes | The Branch Puzzle: Why Are There Still Bank Branches?
Elliot Anenberg, Andrew C. Chang, Serafin Grundl, Kevin B. Moore, and Richard Windle* We provide evidence that the persistence of the large number of local bank branches across the country may be due to the fact that both depositors and small businesses continue to value local bank branches. Read the Full Article.