Community bankers around
the country gathered
in Washington this
past week to discuss the latest challenges currently facing community
banks across the country, according to Lori
Maley, President, Chief
Executive Officer and
Vice Chairman of the Board
of Bird- in-Hand, a wholly-owned subsidiary of GELT Bancorp,
Inc.
Maley, who attended
the ABA Community
Bankers Council meeting
November 11-13, said the
bankers talked at length about
public policy, operations and business issues
that might impact the nation’s hometown banks
and their communities. “Community banks are
such a vital
part of our financial industry’s infrastructure,” said Maley. “The strength and success of these banks
have a great impact
on the vitality of the
communities they serve.”
Bankers had discussions on next year’s
Administration change and how the banking industry may be impacted; legislative priorities, including the farm bill and tax reform; and regulatory priorities, including national bank preemption, the Federal Reserve’s discount window, overdraft fees and Section 1033 of the Dodd-Frank Act.
Council members also had a chance to exchange ideas on ways to prevent
and mitigate check fraud, manage
net interest income
and interest rate risk,
attract and develop the next
generation of bank
leaders, and many
other business and operations
best practices.
The ABA Community Bankers Council, which meets twice a
year, is made up of approximately 100 bankers across the country from
institutions with generally less than $5 billion in assets. Members are appointed by the ABA chair.
Lori A. Maley, CPA, has served as Vice Chairman, President and Chief Executive Officer of Bank of Bird-in-Hand since March 1, 2017. Prior to that, she was the Chief Financial Officer and Executive Officer, as well as Assistant Treasurer and Assistant Secretary of the Bank from its inception in 2013 until February 28, 2017. She has also participated in several advisory boards throughout her banking career, including the FDIC Advisory Committee on Community Banking, the Conference of State Bank Supervisors (CSBS) Advisory Board, and the Federal Reserve Bank of Philadelphia’s Community Depository Institutions Advisory Council.
Lori A. Maley, CPA
