WASHINGTON?”EURAmerica's Community Bankers announced today that its board of directors unanimously approved the previously announced merger with the American Bankers Association.
The merger now must be approved by the membership of both ACB and ABA; the ABA Board has already approved the move. ABA's members will vote Oct. 9 and ACB membership will vote Oct. 16.
ACB Chairman Mark E. Macomber said, “Today's vote underscores our board's belief that we are combining two great organizations into one extraordinary organization that will serve its members well through outstanding advocacy, an experienced and talented staff, a wealth of education and training programs and an unmatched breadth and depth of products and services.”
If approved, the merger will become effective Dec. 1.
The combined organization, which will maintain the ABA name, will encompass 95% of the assets of the banking industry, which totals $11.5 trillion. Ed Yingling will remain in his current role as president/CEO. Diane Casey-Landry, currently president/CEO of ACB, will become executive vice president/chief operating officer.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
