Eric Ellingsen, President and Chief Operating Officer of California Bank & Trust, Elected New Chairman of the Western Bankers Association
SACRAMENTO, Calif. – The Western Bankers Association (WBA) today announced that Eric Ellingsen, president and chief operating officer of California Bank & Trust (CB&T), will serve as the 2019-2020 chairman of the board of directors. Ellingsen was officially elected at the WBA’s annual conference held in March.
In 2018, the WBA, in partnership with the Federal Home Loan Bank of San Francisco, launched their social impact awareness campaign designed to share with public the tremendous impact our member banks have in the communities they serve. The focal point of the campaign is the creation of a series of regionally focused videos designed to highlight these efforts and showcase the positive impact.
The video series can be viewed on our YouTube page here.
Western Bankers Association Announces its Endorsement of Fitech
Partnership expands WBA member benefits to include merchant payment processing
SACRAMENTO, CA, – The Western Bankers Association, one of the largest banking associations in the U.S., announces its appointment of Fort Worth-based Fitech as its newest endorsed partner.
After a rigorous application and review process, Fitech earned WBA’s coveted endorsed partner status, chosen for its best-in-class merchant services offering, tailored specifically for community banks.
DA Works with Banks, Credit Unions to Remind Employees They Are Mandated Reporters of Financial Elder Abuse
New Outreach Campaign Includes Postcards, Brochures and Video
SACRAMENTO, Calif. – The Western Bankers Association (“WBA”) today announced that Stephen G. Andrews (Steve) has been selected to serve as the president and CEO of the association, succeeding Simone Lagomarsino.
SACRAMENTO, Calif. – The Western Bankers Association (WBA), today announced that Provident Bank, headquartered in Riverside, Calif., was honored as the WBA’s Bank of the Year. Craig Blunden, chairman and CEO of the bank, accepted the award at the WBA’s annual conference held last week.
The Western Bankers Association Announces Incident Response Program to Bolster Cybersecurity for Member Banks
SACRAMENTO, CA, – The Western Bankers Association (WBA) today announced the availability of a new member benefit, the Incident Response Program (IRP) designed to help member banks prepare for and mitigate against cyber incidents.
In case you missed it, on August 1 the Wall Street Journal published an article highlighting a credit union’s plan for growth with “no speed limit.” The CEO of the credit union, Pentagon Federal Credit Union (PenFed), has a very public plan called “Drive to 75,” with a goal of “pressing regulatory boundaries” by more than quadrupling the credit union’s assets from approximately $18 billion to $75 billion by 2025. According to the article, the credit union advertises “Great Rates for Everyone” despite the common-bond requirement.
Central Valley Community Banks’ Generosity and Community Support Highlighted this Holiday Season
Local members of the California Bankers Association proudly support several philanthropic endeavors in the Central Valley community
SACRAMENTO, CA November 15, 2017 – Members of the California Bankers Association (CBA) play a critical role in supporting California’s local communities and their economies. In a 2017 CBA Community Relations Survey, banks shared their dedication to giving back to their communities by hosting local events, funding scholarship programs and supporting many philanthropic endeavors. In total, responding CBA member banks across California donated nearly $82 million last year.
A proposal in Congress to ease the U.S. ban on marijuana could encourage more banks to do business with cannabis companies, but it appears to fall short of a cure-all for an industry that must operate mainly as a cash business in a credit card world.
Read the Associated Press story here.
Read the American Banker article here.
The Western Bankers Association’s communications staff works to provide members, news media and the public with the most up-to-date information relating to the association and the banking industry. Our communications efforts seek to emphasize the value of banks and their service to the community, as well as providing information on the many regulatory and legislative changes the industry is facing in this extraordinary climate.
California Bankers Association Announces Support for Legislative Measure to Provide Important Tax Relief to Underwater Homeowners
SACRAMENTO – The California Bankers Association (CBA) announced today its sponsorship of Senate Bill 339 (Cannella, R – Ceres), which will extend important tax relief to borrowers who under this legislation will not be required to report the amount of debt forgiven by a lender due to a principal reduction resulting from a loan modification. The measure applies to debt forgiven from January 1, 2013, to December 31, 2013.
Governor Brown Signs into Law California Bankers Association Sponsored Legislation Providing Important Tax Relief to Homeowners with Forgiven Mortgage Debt
SACRAMENTO – The California Bankers Association (CBA) released the following statement regarding the signing of Assembly Bill 1393 (Perea), which extends important tax relief to borrowers, who as a result of this legislation, will not be required to report as income the amount of debt forgiven by a lender due to a principal reduction resulting from a loan modification. The measure applies to debt forgiven from January 1, 2013, to December 31, 2013, and was signed into law today by Governor Brown.
California Bankers Association Announces Plans to Again Sponsor Legislation Extending Important Tax Relief to Homeowners
SACRAMENTO – The California Bankers Association (CBA) announced today its intention to sponsor a bill in 2015 that will extend important tax relief to homeowners who received a principal reduction from a loan modification, or completed a short sale, in 2014. Under the bill, homeowners would not be required to report the amount of debt forgiven as taxable income. The measure will apply to debt forgiven from January 1, 2014, to December 31, 2014.
SACRAMENTO – Today the California Bankers Association, (CBA) released the following statement regarding last week’s California Board of Equalization (BOE) meeting regarding access to banking services by marijuana-related businesses.
SACRAMENTO — The California Bankers Association (CBA), one of the largest state banking trade associations, and BancAlliance, a collaborative network of community banks, have announced the launch of a new endorsed partnership.
SACRAMENTO – Today the California Bankers Association, (CBA) released the following statement regarding our opposition to Senate Bill 1150:
SACRAMENTO – The California Bankers Association (CBA) today announced that Louise Walker, president and CEO of First Northern Bank, headquartered in Dixon, Calif., will serve as the 2016-2017 chairman of the board of directors for California’s largest banking trade association. Walker began her banking career at First Northern in 1979, and has held several executive management positions with the bank, including 14 years as senior executive vice president and CFO. She assumed the role of president and CEO in 2011.
California Bankers Louise Walker and Jeff Ball Elected to the American Bankers Association Board of Directors
Walker is the current chair of the California Bankers Association (CBA); Ball is member of the CBA board, and a former chairman
SACRAMENTO – The California Bankers Association (CBA) today announced that its current chair Louise Walker, president and CEO of First Northern Bank based in Dixon, and former chairman, Jeff Ball, president and CEO of Friendly Hills Bank based in Whittier, were elected to serve on the American Bankers Association board of directors at the association’s annual convention held in Nashville on October 18. Walker was elected to serve a three-year term, and Ball, who is also vice chairman of the ABA’s government relations council, was elected to serve a one-year term.
California Bankers Association-Sponsored Bill Providing Additional Financial Protections for Seniors Clears First Committee Hearing
SACRAMENTO – The Assembly Committee on Aging and Long-Term Care has passed Assembly Bill 611 (Dababneh), which is sponsored by the California Bankers Association, and provides important financial protections for seniors. Specifically, AB 611 gives a bank or credit union, as a mandated reporter of elder financial abuse, the statutory authority to decline a power of attorney if there is actual knowledge that a report of financial abuse of an elder or dependent adult has been made to adult protective services or local law enforcement.
SACRAMENTO – The California Bankers Association (CBA) today announced that Kathie Sowa, commercial banking market executive and market president of the greater Sacramento region for Bank of America Merrill Lynch, will serve as the 2017-2018 chair of the board of directors for California’s largest banking trade association. Sowa leads commercial banking teams serving clients in the Central Valley and Central Coast of California, and she is also the greater Sacramento market president serving the 1,200 employees in the 7 counties in the market.
The California Bankers Association Releases Statement on Mortgage Legislation Conference Committee
Association identifies the most problematic areas of the legislation, and outlines elements of a reasonable solution
SACRAMENTO – Today Rod Brown, the president and CEO of the California Bankers Association, (CBA) released the following statement in advance of the first meeting of the recently established state legislative conference committee that will focus on residential mortgage lending and foreclosure reforms.
California Bankers Association’s (CBA) Announces Support for Janet Yellen’s Nomination to the Federal Reserve
SACRAMENTO, CA — April 30, 2010 — The California Bankers Association (CBA), one of the largest state banking trade associations in the country, is pleased to learn that Janet Yellen, president and chief executive officer of the Twelfth District Federal Reserve Bank at San Francisco, has been nominated by President Obama to become vice chairman of the Federal Reserve.
SACRAMENTO, CA — March 25, 2010 — The California Bankers Association (CBA), one of the largest state banking trade associations, and Staples, Inc., the nation’s leading supplier of office supplies and one source supplier of business solutions, today announced a new strategic endorsement partnership.
SACRAMENTO, CA — February 22, 2010 — The California Bankers Association (CBA), one of the largest state banking trade associations, and Harland Clarke, a leading provider of integrated payment solutions, marketing services and best-in-class security to financial institutions, today announced a new strategic endorsement partnership.
CBA Highlights Partnerships Between Banks and Businesses in Providing Economic Opportunity in New Online Videos
The California Bankers Association is pleased to announce the availability of two news-style videos, available for viewing that visually demonstrate how banks are vital to the economy and supportive of their communities, and highlight partnerships between banks and their customers.