American Bankers Association has selected Jason Smith, Market President of F&M Bank in West Point, to serve on ABA’s Community Bankers Council.
Smith attended the ABA Community Bankers Council meeting in Washington, D.C., November 14-16.
Bankers had discussions on the impacts of mid-term election results, legislative priorities for the new Congress, debit and credit card interchange, data aggregation, P2P payments liability, cannabis banking, ECORA, NSF fees, central bank digital currency and other deposit substitution threats, and bank ownership changes. Council members also had a chance to share ways rising rates and inflation have affected the business of banking, and exchange ideas on operational and business best practices.
“Community banks play such an important role in our banking industry,” Smith said. “This appointment gives me the opportunity to represent Nebraska and advocate for the continued success of America’s hometown banks.”
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