WASHINGTON — The American Bankers Association and America's Community Bankers announced today that they were working on a merger of the two organizations to be completed by the fourth quarter.

The new organization would retain the American Bankers Association name. Ed Yingling would remain in his current role of president/CEO of the ABA, while ACB President/CEO Diane Casey-Landry would become executive vice president/chief operating officer of the combined entity.

ABA Chairman Earl McVicker, chairman, president/CEO of Central Bank and Trust Company in Hutchinson, Kan., stated, “The new ABA will be a unified association that will achieve a broad consensus on industry issues and serve as the advocate for the banking industry…Together, we will be able to provide enhanced tangible benefits and services for our combined membership.”

ACB Chairman Mark E. Macomber, president/CEO of Litchfield Bancorp, Litchfield, Conn., said the merger was banker-driven. “As the ACB and ABA have become philosophically aligned on many issues, and with the successful mergers of a number of state organizations, it simply makes sense for two great organizations with extensive histories, engaged members and experienced staff to become one great organization–the unquestioned premier banking association in our great industry,” he added.

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