Academic journal article ABA Banking Journal

Common Goals Drive ABA/ACB Merger Proposal

Academic journal article ABA Banking Journal

Common Goals Drive ABA/ACB Merger Proposal

Article excerpt

For many of the same reasons that their member banks join forces through mergers, the American Bankers Association and America's Community Bankers announced that their boards had approved a proposal to merge the two trade groups. The chairmen of the associations made the announcement at a press conference in Washington on June 25. Pictured above at that meeting are Earl McVicker (r.) chairman of the ABA, and Mark Macomber, chairman of ACB. McVicker is chairman, president and CEO of Central Bank and Trust Co., Hutchinson, Kan., while Macomber is president and CEO of Litchfield Bancorp, Litchfield, Conn.

The two groups had attempted to merge several years ago, but the talks broke off. This time both boards supported the proposal, recognizing--as stated in a joint letter to bank CEOs--that "today, the ABA and ACB are aligned philosophically, and we are already working closely together on key legislative and regulatory matters."

Both associations have Long and prominent histories--ABA was formed in 1875, ACB, whose roots are in the thrift industry, in 1892. …

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