Academic journal article ABA Banking Journal

Adios, Iowa

Academic journal article ABA Banking Journal

Adios, Iowa

Article excerpt

Nell Milner has bid Iowa a sad good-bye and set his sights on the nation's capital. The former executive vice-president and CEO of the Iowa Bankers Association became president and CEO of the Conference of State Bank Supervisors on Oct. 1.

CSBS is the professional organization of the 54 state officials responsible for chartering, regulating, and supervising the nations' 7,086 state-chartered banks and 474 state4icensed branches and agencies of foreign banks. The organization represents the state banking system on Capitol Hill, among the federal regulatory agencies, and before the courts.

The pressure of heading such a prestigious organization isn't weighing on Milner's shoulders, however: "With the things facing the industry today and the chance to be a part of that, my job is going to be very rewarding and very exciting."

But the stress of leaving his past behind is another story: "You can't spend 24 years of your life, have close personal relationships, and watch the growth that the IBA has seen and not have strong emotions. I told my board about the probability of my doing this and said from a professional standpoint it was the right thing to do, but emotionally it would be difficult. I couldn't even finish that line. My president had to take over."

In 1972, when Milner took the reins as executive vice-president, the IBA had a budget of $300,000 and a staff of ten. Today, the association has a budget of about $50 million and a staff of 150 and is regarded as one of the most progressive state associations. …

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