Union Savings Bank pairs personal finance skills with its banking careers program for underrepresented communities.
In testimony before a House Financial Services subcommittee today, American Bankers Association SVP Naomi Mercer highlighted the strides banks have made toward building a more diverse, equitable and inclusive workforce and discussed some of the challenges they face in this area.
It takes a “diversity of imagination” to drive innovation in community banking, says Lead Bank CEO and Vice Chairman Josh Rowland.
“When you think about what’s happening in America, there’s a bifurcation that’s happening,” says Orvin Kimbrough. “You have more and more people pushing to the upper echelons of economic continuum, and you have many more who are pushing to the lower end, and the middle group is being squeezed.”
The House Financial Services Committee today unanimously approved two ABA-supported bills intended to address the decline in minority depository institutions and create opportunities for community development financial institutions.
The long-anticipated transfer of wealth to Gen-Xers and millennials has begun. How can banks position themselves to succeed with these clients? Insights from a recent ABA survey offer some clues.
ABA Chair Laurie Stewart brings unique experiences to her role as a bank CEO and advocate, and sharing them can help make a difference for the industry.
In her first remarks as chairman of ABA today, Laurie Stewart pledged to be a persistent advocate for diversity and inclusion in financial services, as well as for a level playing field between banks and credit unions.
Meet Puget Sound banker Laurie Stewart, who is chairing ABA in 2019-20.
The FDIC is updating examiner instructions to help strengthen minority depository institutions, FDIC Chairman Jelena McWilliams said today in Washington.