WHITE PLAINS, N.Y. --.The Westchester Bank announced Friday that John M. Tolomer, president and chief executive officer, has accepted an invitation to serve as a member of the Federal Deposit Insurance Corporation’s (FDIC) Advisory Committee on Community Banking.
Advisory Committee members are from a cross-section of community bank leaders from around the country. Tolomer is one of 15 bankers to serve in this capacity.
The FDIC Advisory Committee was established in 2009 with a primary mission to provide advice and recommendations to the FDIC on a broad range of community bank policy and regulatory matters. This includes examination of current policies and procedures, credit and lending practices, deposit insurance assessments, insurance coverage and regulatory compliance.
The Westchester Bank is coming off an exceptional 2014 where it surpassed $500 million in assets for the first time, received the prestigious Bauer Five-Star Rating for a third consecutive year and was selected as a Top 200 Healthiest Banks in America by DepositAccounts.com.
“It’s an honor to be selected as a member of the FDIC Advisory Committee on Community Banking and I appreciate the confidence the FDIC placed in me by providing this unique opportunity to serve,'' Tolomer said. "I look forward to a meaningful exchange of ideas with these exceptional industry leaders and hope that collectively, we have a positive and lasting impact on the future direction of community banking.”
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