Has Led Maryland Bankers Group For Two Decades
July 22, 2020
The Massachusetts Bankers Association board of directors announced that Kathleen M. Murphy will become the next president and CEO of the Massachusetts Bankers Association. She will succeed Daniel Forte who has led the association as president and CEO since 1997, having joined in 1985.
Murphy joins the bankers’ group 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, Murphy served at the American Bankers Association, Washington, D.C. as director of the Community Bankers Council, representing this 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.
Charles P. O'Brien, president and CEO of Adams Community Bank and chair of the succession committee, said, "Kathleen is a well-recognized leader among her state banking association peers who brings extensive experience in directing state and national association policies, public policy and advocacy initiatives, media and communications, as well as member services and program development. She will join the association before the end of September to ensure a smooth transition with … Daniel J. Forte who retires at the end of October."
The Bottom Line
Financial Institutions May Not Quite Be Ready
The Bottom Line
Most financial institutions have tremendous excess capacity in their existing branches today.