The Massachusetts Bankers Association (MBA) Board of Directors announced last week that Kathleen M. Murphy will become the next President and CEO of the Massachusetts Bankers Association: one of the leading state banking associations in the country with a diverse membership of banks in both asset size and charters.
Ms. Murphy joins MBA after 20 years as President and CEO of the Maryland Bankers Association and leading the Maryland banking industry, comprised of community, regional and nationwide banks at a time of significant economic, legislative, regulatory, technological and demographic change. Prior to the Maryland Bankers Association, Ms. Murphy served at the American Bankers Association, Washington, DC as Director of the Community Bankers Council, representing this key constituency group before federal policy makers, regulators, media, community groups and other external partners. She currently serves on the ABA Foundation Board of Directors, the Independent Community Bankers of America Large Community Bank Council, the Maryland Coalition for Financial Literacy’s Executive Committee, and is former Chair of ABA’s State Bankers Association Alliance.
Ms. Murphy will succeed Mr. Forte who has led the MBA as President and CEO since 1997, having joined in 1985. During his tenure, the Massachusetts banking landscape changed dramatically as bank modernization legislation created parity for all bank charters, large and small: creating one association with a united voice on Beacon Hill and in Washington, DC. Issues have ranged from interstate banking, mutual bank governance, commercial bank access to the Federal Home Loan Bank, Dodd-Frank, and countless regulatory reforms.
The Massachusetts Bankers Association represents approximately 135 commercial, savings, cooperative, and federal savings banks and savings and loan associations with approximately $380 billion in local assets, 72,000 employees across Massachusetts and New England, over 2,000 banking locations, more than 4,500 ATMs, and donate more than $105 million annually to social agencies and charitable organizations across the Commonwealth. For more information, visit www.massbankers.org.