Academic journal article ABA Banking Journal

The Benefits of Banking United

Academic journal article ABA Banking Journal

The Benefits of Banking United

Article excerpt

Welcome To The New ABA.

As of Dec. 1, ABA and America's Community Bankers--two associations with long histories and strong reputations-are one.

As a unified association representing the vast majority of the banking industry, we have a tremendous opportunity.

We now have more staff, more ideas, more money, and more connections. These will help us deliver more to our members for less, like free ABA Toolboxes, ABAWorks guides, and E-mail Bulletins. The bulletins offer targeted news on a range of topics such as human resources compliance, wealth management, and Subchapter S.

But equally important is our opportunity to develop more support for the banking industry's policy goals. Because in Washington, unity counts for a lot.

When you can walk into a congressional office and say you represent 95% of the banking industry's $11.5 trillion in assets, you've got clout.

When you can say your position has the support of both large money-center banks and community banks, you've got clout.

When you can say you speak for the two million men and women who work for America's banks, you've got clout.

If we can back up that clout with the strong participation of bankers at the grassroots level, we have the opportunity to achieve a lot for our industry.

The new ABA has bank members in every congressional district in the country. I believe that mobilizing these members is critical to our survival.

It's the only way we can hope to level the playing field with our tax-advantaged competitors, experience meaningful regulatory relief, and achieve our other policy goals.

It helps that our policy positions are based on well-reasoned principles. …

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