09/11/2019 | Press release | Distributed by Public on 09/11/2019 13:40
Todd Barnhart of PNC (right) today presented Nitin Mhatre of Webster Bank (left) with the CBA Board Chair gavel during CBA's September Board Meeting. Mhatre will serve as CBA's Board Chairman for the next year and Barnhart will remain on the CBA Board of Directors as Immediate Past Chair. Dennis Devine with KeyCorp was elected Chair-Elect. Mhatre, Barnhart and Devine will comprise CBA's Administrative Committee, which is charged with oversight of CBA's operations.
CBA Announces Board Leadership Transitions, Sets Advocacy Agenda for Upcoming Year
Nitin Mhatre of Webster Bank elected Chair; Dennis Devine of KeyBank elected Chair-Elect
WASHINGTON, D.C. - The Consumer Bankers Association (CBA) has elected Nitin Mhatre, Executive Vice President, Head of Community Banking at Webster Bank, as Chairman of the Board of Directors and Dennis Devine, President of Consumer Banking at KeyCorp, as Chair-Elect. Terms for CBA's Board of Directors run from September to September.
CBA Board Chairman Nitin Mhatre said, 'I'm honored to be selected as CBA's Chairman. It is more important than ever to ensure consumers have well-regulated banking options, and we will use our collective voice in efforts to help our nation's economy grow. I look forward to working with the Board as we engage with key stakeholders and advocate on behalf of CBA's membership.'
CBA's Board consists of senior retail banking executives at the nation's leading financial institutions. Taken as a whole, CBA's membership accounts for 1.7 million jobs in America and annually extend roughly $4 trillion in consumer loans, provide $275 billion in small business loans and originate the majority of private student loans.
CBA President and CEO Richard Hunt said, 'CBA's success is a direct result of our membership and our Board of Directors is second-to-none in serving the retail banking industry by promoting sound policy and preparing the next generation of bankers. Just coming off our 100th anniversary, our goals this year reflect our industry's commitment to serving consumers and ensuring regulations allow banks to keep up with the demands of our customers.'
Mhatre succeeds Todd Barnhart, Executive Vice President and Retail Distribution Executive at PNC Bank. Barnhart will remain on the Board as Immediate Past Chair. Mhatre, Devine and Barnhart will comprise CBA's Administrative Committee, which is charged with oversight of CBA's operations.
In addition to electing Mhatre and Devine to their respective leadership positions, the Board also approved CBA's priorities for the upcoming year:
CBA's full list of Board Members for the upcoming year is below:
About the Consumer Bankers Association:
The Consumer Bankers Association represents America's leading retail banks. We promote policies to create a stronger industry and economy. Established in 1919, CBA's corporate member institutions account for 1.7 million jobs in America, extend roughly $4 trillion in consumer loans and provide $275 billion in small business loans annually. Follow us on Twitter @consumerbankers.