New York Bankers Association

Press Releases

Contact: Karen Armstrong, 212-297-1635                  karmstrong@nyba.com                  646-943-0388 mobile

JEFFEREY H. BARKER, NEW YORK STATE MARKET PRESIDENT, BANK OF AMERICA, ELECTED TO CHAIR NEW YORK BANKERS ASSOCIATION

(New York, NY) March 14, 2017 – Jeffrey H. Barker, New York State Market President for Bank of America, N.A., was elected by his peers to serve as Chairman of the New York Bankers Association for the 2017 one-year term.

“This is an exciting time for the banking industry, which presents us with the challenges of a quickly-changing marketplace. Our industry has shown time and time again that it can move quickly to adapt to market forces and be responsive to consumers and policymakers alike. I look forward to working with my fellow banking leaders from banks of all sizes to ensure that New York remains a robust banking center and a force in our State’s economic vitality,” said Mr. Barker.

As New York State Market President, Jeff is the bank’s local enterprise leader, focusing on business integration, building corporate reputation, championing local corporate social responsibility initiatives, and deepening relationships with community partners and leaders. He also leads numerous volunteer projects each year with nonprofit partners including United Way of New York City and Food Bank for New York City.

“Jeff Barker has ably served New York’s banking industry on the Board of NYBA for many years. He has keen insights about the business of banking and has thoughtfully managed the varied interests of our diverse industry. NYBA is pleased to have Jeff Barker as Chairman this year,” said Michael P. Smith, President and CEO of the New York Bankers Association.

Mr. Barker is a graduate of Cornell University and The Wharton School of the University of Pennsylvania. He serves on the Board of Directors of the Roundabout Theater Company, the Citizens Committee for New York City, and on the Steering Committee of the Association for a Better New York. He resides in Armonk, New York.

NYBA is comprised of more than 150 community, regional, and money center commercial banks and thrift institutions operating in New York State. NYBA members have aggregate assets in excess of $10 trillion and more than 200,000 New York employees.

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Contact: 
Karen Armstrong: 212-297-1635 or 646-943-0388

Jeffrey H. Barker, New York State Market President of Bank of America, N.A. Elected Vice Chairman of New York Bankers Association

(New York) March 17, 2016 – Jeffrey H. Barker, New York State Market President for Bank of America, N.A., was elected by his peers to serve as vice chairman of the New York Bankers Association (NYBA) for the 2016 one-year term. 

“I am honored to serve in the role of vice chairman of NYBA at a time when the financial services industry, particularly in New York, is evolving at rapid rate. As our industry embraces new market opportunities amid growing regulatory challenges, NYBA plays an important role in unifying our diverse membership,” said Mr. Barker.

As New York State President of Bank of America, Jeff is the bank’s local enterprise leader, focusing on business integration, building corporate reputation, championing local corporate social responsibility initiatives, and deepening relationships with community partners and leaders.  He also leads numerous volunteer projects each year with nonprofit partners including United Way of New York City and Food Bank for New York City.

“As a leader from a global bank, Jeff brings an important perspective to the work of the New York Bankers Association. For more than 120 years, NYBA’s hallmark has been the ability to forge consensus from diversity, and Jeff’s service will help us to continue that tradition,” said Michael P. Smith, President and CEO, of New York Bankers Association.

NYBA is comprised of more than 150 community, regional, and money center commercial banks and thrift institutions operating in New York State.  NYBA members have aggregate assets in excess of $10 trillion and more than 200,000 New York employees.


Contact: 
Karen Armstrong: 212-297-1635 or 646-943-0388

Stephen S. Romaine, President and CEO of Tompkins Financial Corporation Elected Chairman of New York Bankers Association

(New York) March 7, 2016 – Stephen S. Romaine, President and Chief Executive Officer of Tompkins Financial Corporation headquartered in Ithaca, New York, was elected by his peers to chair the New York Bankers Association (NYBA) for the 2016 one-year term. 

“A healthy banking industry is a fundamental component of a healthy economy. NYBA’s primary mission is to ensure that our industry works collaboratively with government toward our mutual goal of prosperity for all New Yorkers. Our members care deeply about the well-being of the communities they serve,” said Mr. Romaine.

“The members of the New York Bankers Association have elected a strong, experienced leader in Steve Romaine.  We look forward to a busy and productive year with Steve as Chairman,” said Michael P. Smith, President and CEO, of New York Bankers Association.

Stephen S. Romaine was appointed President and Chief Executive Officer of Tompkins Financial Corporation effective January 1, 2007.  From 2003 through 2006, he served as President and Chief Executive Officer of Mahopac Bank.  Prior to that, Mr. Romaine was Executive Vice President and Chief Financial Officer of Mahopac Bank.

NYBA is comprised of more than 150 community, regional, and money center commercial banks and thrift institutions operating in New York State.  NYBA members have aggregate assets in excess of $10 trillion and more than 200,000 New York employees.


FOR IMMEDIATE RELEASE
Contact:  Gus Kananis                                                                                                    
Tel: (518) 434-3556
Email: gkananis@nyba.com

NEW YORK BANKERS ASSOCIATION MOVES ON SOCIAL MEDIA COMPLIANCE,
ENDORSES SOFTWARE COMPANY, GREMLN

NEW YORK, NY 12/10/2013 (readMedia)—As consumer adoption of social media continues to rise, financial institutions across the country are recognizing the necessity of incorporating social media into their business efforts. Financial services professionals are actively embracing social media, with 75% of financial advisors using at least one social network for business purposes (LinkedIn/FTI Consulting). According to industry regulations put forth by the FFIEC and FINRA, financial institutions are held accountable for employees’ business communications made via social media. Regulators’ strong encouragement of careful brand monitoring, social media moderation, and archival practices, means banks must be careful to monitor and protect themselves, their employees, and their customers against non-compliant behavior. As such, the New York Bankers Association (NYBA), through its wholly owned subsidiary, the New York Bankers Service Corporation (NYBSCO), identified and endorsed GREMLN’s social media management software and compliance toolkit as an essential method for member banks to compliantly and securely participate in social media.

“We know that the use of social media for marketing and engagement is crucial for our members. In our search for a solution to help eliminate the risks of violations and fines, GREMLN’s social media dashboard and compliance toolkit stood out as one that would make it possible – and easy – for our members to get involved. GREMLN allows banks to moderate their social media posts, filter non-compliant keywords, and archive their social media activities as outlined by industry regulations. We look forward to working with them,” said Michael P. Smith, NYBA’s President and CEO.

A recent study by Forrester found that 70% of consumers trust brand recommendations from their friends when making purchasing decisions, and Forbes reported that 82% of consumers trust a company more if they are involved on social media. Financial services are no different – 83% of consumers believing it is important to read user-generated content before making a decision about banking or other financial services (Bazaar Voice). Organizations like NYBA recognize the inherent value of meeting consumers where they are, and are eager to encourage their member banks to embrace a social media presence.

To meet this growing industry need, GREMLN’s web-based platform offers compliance tools designed to regulate all social media activity. GREMLN’s software includes team management, approval, filtration, and archiving capabilities – along with marketing and ROI tracking tools – making it an ideal fit for financial services and other regulated industries.

“GREMLN is committed to supporting all NYBA members in securely participating in social media,” said GREMLN’s CEO Ryan Bell. “We’re passionate about helping regulated industries get started, and work to strip away those fears that so often go hand-in-hand with financial services and social media.”

NYBA will be partnering with GREMLN on a special program designed specifically for its members beginning in 2014, providing access to tools and resources to help them securely manage their social media efforts.

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For more information about the New York Bankers Association go to www.nyba.com, or contact Gus Kananis by phone, (518) 434-3556, or by email, gkananis@nyba.com.

For more information about GREMLN, please visit GREMLN.com, or contact David Bell by phone, (314) 915-8738, or by email, david.bell@GREMLN.com.


Contact:  
Karen Armstrong        (212) 297-1635              
Steven Greenberg       (518) 469-9858                                                    

NYBA Touts Progress on Sandy Checks

ALBANY, NY February 28, 2013 – Michael P. Smith, President and CEO of the New York Bankers Association (NYBA) today testified before the New York State Senate Standing Committee on Banks concerning the handling of insurance claims checks by banks in the aftermath of Storm Sandy.

In addition, Smith testified about other positive actions taken by banks and the banking community in the aftermath of Sandy, including waiving certain fees, penalty-free loan payment delays, donating money to various charitable efforts, expediting the issuance of debit and credit cards, ensuring the availability of cash in ATMs in the storm zone, and raising money for a special emergency loan fund for small businesses in storm-ravaged communities.

Smith testified that the industry is “responding aggressively to insure that claims are processed and completed, with the homeowner receiving the full amount of his or her payment.”  

“The monitoring of insurance check disbursements is the standard practice that has been in place for the processing of these payments used in other disasters across the country for many years.  The goal is to ensure that all applicable laws and regulations are adhered to, that the properties are properly repaired,” Smith testified.

Smith emphasized that banks have supported efforts to urge GSEs, such as Fannie Mae and Freddie Mac, for greater flexibility and clarity on regulations they must meet, and commended the NYS Department of Financial Services for its role in the effort. Last Friday, Smith noted, Fannie and Freddie issued temporary changes to their insurance claim processes, giving lenders greater discretion and flexibility in the release of these funds. 

“This new change in federal policy has already resulted in tens of millions more dollars flowing to customers within days,” Smith testified.  He outlined the policy that is required for large claims and noted that “while the process is in place to protect homeowners and their property,” citing lessons learned from Katrina.  However, “Our banks are developing new processes in light of the new GSE guidance that allows banks discretion consistent with their own policies for mortgages serviced within their own wholly-owned portfolio.”

Smith concluded by reminding Senators that many NYBA banks “have set up dedicated disaster assistance hotlines to help homeowners with their unique needs.  A list of relevant hotline numbers can be found at www.nyba.com.

Read Michael Smith’s testimony here.


Contact:          
Steve Greenberg:  518-469-9858
Karen Armstrong: 212-297-1635

Thomas E. Ganey, President & CEO of Savannah Bank, N.A., Joins Board of Directors of New York Bankers Association

(New York, NY) – February 22, 2013 – Thomas E. Ganey, President and CEO of Savannah Bank, N.A., has been selected to serve on the Board of Directors of the New York Bankers Association (NYBA). 

“NYBA plays a vital role representing New York banks and its members on a national and State level.  I look forward to working with the staff and Board for our industry,” said Mr. Ganey.

“NYBA will benefit enormously from Tom’s service on our board.  Our industry is changing rapidly and it is important for us to have the type of expertise and experience that Tom has to help guide us toward the future,” said Michael P. Smith, President and CEO of the New York Bankers Association.

Thomas E. Ganey is President & CEO of Savannah Bank, N.A. He graduated with a degree in accounting from Cayuga County Community College, and graduated from the School of Bank Administration at the University of Wisconsin and the National School of Banking at Fairfield University. Mr. Ganey also serves on the Board of Matthew House, a not-for-profit setting for hospice services for the terminally ill.

Savannah Bank, N.A.  is a community-owned commercial bank serving Cayuga, Seneca, and Wayne counties.


Contact:         
Steve Greenberg:  518-469-9858
Karen Armstrong: 212-297-1635

Gail E. Cohen, Vice Chairman of Fiduciary Trust Company International,
Elected Chairman of New York Bankers Association

(New York) February 11, 2013 – Gail E. Cohen, vice chairman and general trust counsel of Fiduciary Trust Company International, was elected by her peers to chair the New York Bankers Association (NYBA) for the 2013 one-year term.  Ms. Cohen’s election elevates her to the top tier of influential bankers in the U.S.

“Gail will bring a fresh perspective to the post at NYBA, one that will enhance our efforts to strengthen the trust industry in New York State.  Through her leadership, Gail will play a key role in the banking industry’s continuing efforts to help New York recover from a struggling economy,” said Michael P. Smith, president and CEO of NYBA.

“The need for a strong and unified voice in the banking sector has never been greater,”
said Ms. Cohen. “It is especially gratifying for me to accept this responsibility in the 120th year of the NYBA, which remains dedicated to excellence in the profession of banking and to the maintenance of New York State as a world financial capital.”

At Fiduciary Trust, Ms. Cohen is responsible for the firm’s client relationships as well as its trust and estate services in New York and across its regional offices. She joined Fiduciary Trust in 1994 and has over 30 years of experience in trusts and estates. Ms. Cohen is a member of Fiduciary Trust’s Board of Directors, as well as a member of the Management and Executive Committees.  In 2010 and 2011, she was named one of the Top 50 Women in Wealth by Wealth Manager Magazine. She is a 2012 inductee into the NAEPC Estate Planning Hall of Fame.

Ms. Cohen currently sits on the Investment Committee of the New York City Bar Association, is a former member of that Bar Association’s Committee on Estate and Gift Tax, which she chaired from 1998-2001.  Ms. Cohen is a member of Board of Directors of Graham Windham and is a member of The Rockefeller University Committee on Trust and Estate Gift Plans.  She also serves as an adjunct professor of law at Brooklyn Law School.  Ms. Cohen received a B.A. from Mount Holyoke College and a J.D., summa cum laude, from Brooklyn Law School.   She is admitted to the bar in New York and New Jersey.

Fiduciary Trust Company International, a leading wealth management firm and wholly owned subsidiary of Franklin Resources Inc., has served individuals, families, endowments and foundations since 1931.  The firm specializes in strategic wealth planning, investment management, trust and estate services, as well as tax, custody and banking services. The firm and its subsidiaries maintain offices in New York, Miami, Los Angeles, San Mateo, Washington, D.C., Wilmington, London and Hong Kong. For more information, please visit fiduciarytrust.com.


Contact:         
Steve Greenberg:  518-469-9858
Karen Armstrong: 212-297-1635

James J. Landy, Executive Chairman of the Board of Hudson Valley Bank, Elected Vice Chairman of New York Bankers Association

(New York, NY) – February 11, 2013 – James J. Landy, Executive Chairman of the Board of Hudson Valley Bank and Hudson Valley Holding Corp., headquartered in Yonkers, New York, has been selected to serve as Vice Chairman of the New York Bankers Association (NYBA).

“I am pleased to serve the banking industry in this capacity, at a time when banking is playing an essential role in helping New York’s businesses and communities recover from the economic downturn,” said Mr. Landy.

“NYBA will benefit immensely from Jim Landy’s leadership as Vice Chairman.  Our industry is changing rapidly and it is important for us to have the type of expertise and experience that Jim has to help guide us toward the future,” said Michael P. Smith, President and CEO of the New York Bankers Association.

Prior to being named Executive Chairman of the Board in 2012, Mr. Landy served as the President and Chief Executive Officer of Hudson Valley Bank and Hudson Valley Holding Corp. from January 2001 to May 2012. He served as Executive Vice President of Hudson Bank from December 1998 to December 2000 and as Manager of Strategic Relationships … and Sales from September 1999 to December 2000. He has been employed by Hudson Valley Bank since 1977.


Contact:         
Steve Greenberg:  518-469-9858
Karen Armstrong: 212-297-1635

Thomas W. Schneider, President & CEO of Pathfinder Bank, Elected Treasurer of New York Bankers Association

(New York, NY) – February 11, 2013 – Thomas W. Schneider, President and CEO of Pathfinder Bank, headquartered in Oswego, New York, has been selected to serve as Treasurer of the New York Bankers Association (NYBA).

“The New York Bankers Association has consistently done an outstanding job of providing advocacy and education, and promoting areas of common ground for its member banks and the banking industry. I am honored to be asked and accept such a vital role in our association.  NYBA’s staff has tremendous experience and expertise in representing our industry at both the State and Federal level and I look forward to working more closely with them on behalf of our member banks,” said Mr. Schneider.

“NYBA will benefit immensely from Tom Schneider’s leadership on our board.  Our industry is changing rapidly and it is important for us to have the type of expertise and experience that Tom has to help guide us toward the future,” said Michael P. Smith, President and CEO of the New York Bankers Association.

Mr. Schneider has served as President and CEO of Pathfinder Bank since January 2000.  He has been employed by Pathfinder Bank since April 1988 and previously served as Chief Financial Officer and as Controller.  Mr. Schneider has spent his entire 28-year career in the financial services industry, being previously employed by Merrill Lynch & Co., American Express and J. Henry Schroeder Bank and Trust.

Mr. Schneider received his Masters in Business Administration from Fairfield University in May 2002 and his Bachelor of Arts in Economics from Cortland State University in May 1983.  Mr. Schneider also serves as an Adjunct Professor at Oswego State University, teaching a graduate level finance course entitled “Management of Financial Institutions: A Risk Based Approach” in the School of Business.


Contact:         
Steve Greenberg:  518-469-9858
Karen Armstrong: 212-297-1635

Glenn B. Sutherland, President and CEO of Catskill Hudson Bank, Joins Board of Directors of New York Bankers Association

(New York, NY) – February 14, 2013 – Glenn B. Sutherland, President and Chief Executive Officer of Catskill Hudson Valley Bank and its parent Catskill Hudson Bancorp, Inc., headquartered in Kingston, New York, has joined the Board of Directors of the New York Bankers Association (NYBA), as Chairman of the Education Committee.

“As a long-time commercial banker, the leadership role as Chairman of the Education Committee and as a member of the Board of NYBA, provides me an opportunity to continue my role of creating a professional environment to further advance our financial services industry in our society,” said Mr. Sutherland.

“Educating bankers is one of the most important missions of the Association, and we are lucky to have Glenn’s leadership in the professional development of New York’s financial services workforce,” said Michael P. Smith, President and CEO of the New York Bankers Association.

Glenn B. Sutherland is President and Chief Executive Officer of Catskill Hudson Bank and its parent Catskill Hudson Bancorp, Inc.  Catskill Hudson Bank, “Your Community Bank” with assets of approximately $400 million, is head-quartered in the Ulster County community of Kingston and provides banking services from the Catskill Mountains to the Hudson River through twelve banking offices in Orange, Sullivan, and Ulster Counties.  The Bank was organized and opened in December 1993 as the Community Bank of Sullivan County; and during the last eight years, has expanded from its three banking offices with $73 million in assets.  The Bank will continue its expansion into Orange, Ulster, and Dutchess counties.


Contact:         
Steve Greenberg:  518-469-9858
Karen Armstrong: 212-297-1635

John M. Tolomer, President & CEO of The Westchester Bank, Joins Board of Directors of New York Bankers Association

(New York, NY) – February 6, 2013 – John M. Tolomer, President and CEO of The Westchester Bank, has been selected to serve on the Board of Directors of the New York Bankers Association (NYBA). 

“I am pleased to serve the banking industry of New York State, the nation’s financial capital, on the board of the State’s preeminent trade group for the financial services industry.  As the Association enters its 120th year, I am looking forward to working toward building a stronger, more vibrant industry here in New York State,” said Mr. Tolomer.

“NYBA will benefit enormously from John’s service on our board.  Our industry is changing rapidly and it is important for us to have the type of expertise and experience that John has to help guide us toward the future,” said Michael P. Smith, President and CEO of the New York Bankers Association.

The Westchester Bank is a commercial bank, focused on providing highly personalized service to small and medium size businesses in Westchester and the surrounding area.

Mr. Tolomer has over 19 years of retail and commercial banking experience in Westchester County including executive positions with Citibank and The Bank of New York, where he served as a Senior Vice President. In 2003, Mr. Tolomer was recruited by Commerce Bank to spearhead its expansion into the Westchester market where he was responsible for rapidly building a strong franchise for the bank. Two years later, he was named President of Commerce Florida. He was named President and CEO of The Westchester Bank in November of 2008.

Mr. Tolomer is actively involved in the local community. He currently serves on the Board of the Hudson River Museum. He is a past member of the Board of Directors of The Westchester County Association, The Leukemia Society and The United Way. He also served in an advisory capacity to the Food Bank and Leake and Watts. Mr. Tolomer previously served as Co-Chairman for the March of Dimes Westchester March for Babies. Mr. Tolomer and his wife, Liz, are lifelong residents of Westchester County. They live in Chappaqua with their daughters Ashley and Sara.


Celebrity Panel to Pick Winner of New York Fed’s Financial Awareness Video Festival

NEW YORK (2/7/2013)—The Federal Reserve Bank of New York will host the fourth annual Financial Awareness Video Festival finals on February 13 at 5:00 p.m. A panel of celebrity judges, including personal finance expert Suze Orman, the Tribeca Film Institute’s Jose Rodriguez, and actor Ashley Springer will pick the winner out of a finalist pool. The event will be emceed by CNBC’s Steve Liesman. The winning video will be screened in New York City cinemas and its creators will receive a team award of $2,500.

The competition challenges local college and university students to create a 30-second video—aimed at young adults—about how to build good credit.  This year, more than 40 videos from 11 colleges and universities were submitted.

Public voting has been open for more than a month on the web site of the festival’s co-sponsor, the New York Bankers Association, and will close on February 12.

Media interested in attending are asked to contact Kevin Sajdak at kevin.sajdak@ny.frb.org or 212-720-6143.

To continue the conversation on Twitter and discuss your favorite videos, use the hashtag: #FedVideoVote

About the New York Fed’s Financial Awareness Video Festival
The Video Festival promotes smart credit use by young adults. Local college and university students are challenged to create a 30-second video—aimed at their peers—about how to build good credit. The New York Fed runs two concurrent competitions: one in New York State and northern New Jersey, and one in Puerto Rico. The Financial Awareness Video Festival is sponsored by the New York Fed’s Regional and Community Outreach team.

Financial Awareness Video Festival Voting 

New York Fed’s Financial Awareness Video Festival Home Page » 

Contact
Kevin Sajdak

212-720-6143
kevin.sajdak@ny.frb.org