WASHINGTON — The American Bankers Association today announced the board approval of its merger with America's Community Bankers on its Web site, www.aba.com.
ABA reported that the move was approved unanimously, taking one step closer to creating a bigger, stronger force in Washington, D.C. for credit union trades to reckon with. ACB will hold a member vote in October and, if approved, the merger should be completed in November.
The new organization would retain the ABA name, but rename its Community Banker Council America's Community Bankers Council. Ed Yingling will remain president/CEO of the combined ABA, while ACB President/CEO Diane Casey-Landry will become executive vice president/chief operating officer.
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