WASHINGTON — Two longtime credit union foes are joining forces in the most literal sense: the American Bankers Association and America's Community Bankers have announced merger plans.
ACB will hold a member vote in October and, with approval, the merger should be completed in November. The new organization would retain the American Bankers Association name, but rename its Community Banker Council, America's Community Bankers Council. 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."
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