As we stated above in John Witkowski’s President’s Message, IBANYS testified in Albany this past Monday on behalf of New York’s community banks at a Joint Hearing of the New York State Assembly Committees on Banks and Local Governments. (View the full transcript) The hearing was to consider allowing credit unions to accept public deposits (state and municipal deposits). IBANYS was represented by Chairman Tom Amell, President & CEO, Pioneer Bank; Industry consultant Lawrence Heilbronner-Kolthoff (who spent 21 years as CFO of Canandaigua National Bank and Trust Company, in addition to serving as a Director); Kevin Klotzbach, EVP & Senior Financial Advisor of Five Star Bank, who also served as CFO and Treasurer, and IBANYS President & CEO John Witkowski.
IBANYS members: Write to the members of the Assembly and Senate Committees on Banks and Local Government to share your own bank’s perspective, and to tell them the impact of allowing credit unions into the municipal deposits business would have on your bank and your community.
You can access the committee lists at: