American Bankers Association has selected Michael Zahn, president and CEO, First Federal Savings Bank, to serve on ABA’s Community Bankers Council. Zahn attended the ABA Community Bankers Council meeting in Washington, November 14 to 16.
Bankers had discussions on the impacts of mid-term elections results, legislative priorities for the new Congress, debit and credit card interchange, data aggregation, P2P payments liability, cannabis banking, ECORA, NSF fees, central bank digital currency and other deposit substitution threats, and bank ownership changes. Council members also had a chance to share ways rising rates and inflation have affected the business of banking, and exchange ideas on operational and business best practices.
“Community banks play such an important role in our banking industry,” Zahn said. “This appointment gives me the opportunity to represent Indiana and advocate for the continued success of America’s hometown banks.”
ABA’s Community Bankers Council, which meets twice a year, is made up of approximately 100 bankers from across the country from institutions with generally less than $5 billion in assets. Members are appointed by the ABA chair.
Zahn has been with First Federal Savings Bank for 26 years. He currently serves on the board for the United Way, Huntington County Economic Development, Indiana Bankers Association and the Foundation Board at Huntington University.
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