Colorado Banker Elected Chairman of ABA
JOHN 1KARD HAS BEEN ELECTED CHAIRMAN OF THE ABA FOR THE 2014-2015 ASSOCIATION YEAR.
Ikard is the president and CEO of FirstBank Holding Co., in Lakewood, Colo. lIkard has served on the board of directors since 2008 and as an officer since 2012. In addition to his time on the board, he is active on the American Bankers Council, ABA's Compensation Committee and the Financial Education and Advocacy Initiative Inc.
Ikard replaces outgoing ABA Chairman Jeff Plagge, president and CEO of Northwest Financial Corp., in Arnolds Park, Iowa.
Other new officers elected at the ABA annual convention in Dallas:
* Chail-man-Elect: R. Daniel Blanton, CEO, Georgia Bank & Trust, Augusta, Ga.
w Vice Chairman: Dorothy A. Savarese, chairman, president and CEO, Cape Cod Five Cents Savings Bank, Orleans, Mass.
* Treasurur: G. William Beale, president and CEO, Union Bankshares Corp., Richmond, Va.
ABA Honors Six Banks with Community Commitment Award
THE ABA HAS RECOGNIZED SIX BANKS FOR THEIR NOTEWORTHY CORPORATE SOCIAL RESPONSIBILITY with the 2014 ABA Community Commitment Award. The awards were presented in categories ranging from affordable housing to community and economic development.
The ABA selection committee chose six banks from a record-high field of more than 170 entries based on the creativity and the ability of their program to be replicated--traditional or innovative in nature and structure--that embody the ideals of
The 2014 award winners are:
* Bank of McKenney, McKenney, Va. for its rehabilitation grant program designed to serve homeowners whose family incomes fall below 80 percent of HUD median levels. The program--with support from the Federal Home Loan Bank of Atlanta and distributed to rural, often older customers--offers up to $15,000 to assist the homeowner with energy efficiency and weatherization or accessibility improvements like roofs, insulation and ramps.
Community and Economic Development
* Bank of Hawaii, Honolulu for its participation in the Hawaii Youth Opportunities Initiative (HYOI), which focuses on improving the well-being of youth transitioning from foster care. Bank of Hawaii offers Individual Development Accounts (IDA), or matched savings accounts, to help participants learn financial management, obtain experience with the mainstream banking system, and save money. Bank of Hawaii has opened over 800 savings accounts for HY01 participants.
* Banco Popular, San Juan, P.R...