SEATTLE, Nov. 01, 2018 (GLOBE NEWSWIRE) -- Laurie Stewart, President and CEO of Sound Community Bank, advanced from Vice Chair to Chair Elect on the American Bankers Association (ABA) slate of officers. The formal recognition took place at the ABA Annual Convention in New York City mid-October. This is the second year of a three year term. In 2019, the position advances from Chairman-Elect to Chairman.
“I am honored to help lead the ABA Board of Directors,” said Stewart. “The evolution of the banking industry signals the importance of collaboration, good public policy, and ensuring a positive impact. I plan to advocate for the industry with these ideals in mind.”
“We’re grateful that the nominating committee delivered such a terrific slate of officers for the coming year,” said ABA President and CEO Rob Nichols. “These passionate industry leaders dedicate a tremendous amount of their time to represent America’s banks before Congress, regulatory agencies and across the globe. We appreciate their expertise, leadership and dedication to our industry.”
ABA represents banks of all sizes and charters and is the voice for the nation’s $17 trillion banking industry and its 2 million employees, safeguarding more than $13 trillion in deposits and extending more than $9 trillion in loans. The association provides educational benefits and programs for its members, represents the industry in Washington DC, and speaks on behalf of the industry in the press.
Stewart celebrates 29 years with Sound Community Bank in December. In these years, Stewart led the conversion of the organization from a $38 million dollar credit union to a $715 million publicly traded commercial bank. She has a long history in community banking and participation in industry affairs. Recognized by American Banker as one of the Most Powerful Women in Banking in 2011, 2015, 2017 and once again in 2018, she served as Chair of the Board of Directors of the Washington Bankers Association (WBA) and is incoming Chair of the Board of Directors for the National Arthritis Foundation. Stewart is a frequent speaker at conferences and colleges locally and nationally, and has testified in both Washington DC and Olympia, Washington on a variety of legislative and regulatory financial issues. She helped create the WBA’s Executive Development Program which is now in its eighth year of existence. Stewart is one of 14 bankers selected to serve on the inaugural FDIC Advisory Board and subsequently the CFPB Advisory Board.
Sound Community Bank is a full-service bank, providing personal and business banking services in communities across the greater Puget Sound region. The Seattle-based company operates banking offices in King, Pierce, Snohomish, Jefferson and Clallam Counties and on the web at www.soundcb.com. Sound Community Bank is a subsidiary of Sound Financial Bancorp, Inc. ( SFBC ).
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