Penn Community Bank CAO named to American Banker Association Mutual Institutions Council Administrative Committee
PERKASIE (FEBRUARY) – Penn Community Bank, the largest mutual bank headquartered in eastern Pennsylvania, is pleased to announce that Diane Brown, EVP – Chief Administrative Officer has been appointed to the American Bankers Association’s (ABA) Mutual Institutions Council Administrative Committee for a one-year term.
“Penn Community Bank takes its commitment to Greater Good Banking seriously. Foundational to that commitment is our mutual banking structure that allows us to focus on local businesses’ and families’ needs, not shareholders or bottom lines,” said Brown. “I’m proud to serve on the ABA’s Mutual Institutions Council Administrative Committee and I look forward to working with my peers throughout the year to preserve the viability of mutuality.”
The Administrative Committee provides advice and counsel to ABA on issues of interest to mutual institutions in between meetings of the full Mutual Institutions Council and helps plan and lead the meetings and activities of the Council. The Committee is composed of 12 bankers from 12 different financial institutions ranging in asset size from $190 million to $10 billion.
As a part of the Committee, Brown will help review all aspects of statutory, regulatory and marketplace influences on the status and role of the mutual form of organization for depository institutions. The Committee is also responsible for considering all aspects of corporate governance and the balancing of stakeholder interests under both state and federal banking institutions and tax law.
About Penn Community Bank: Penn Community Bank holds more than $2.5 billion in assets, employs more than 300 people, and offers banking, lending and investments at 22 bank branches and three administrative centers throughout Bucks and Montgomery counties, Pennsylvania. As an independent, mutual financial institution, Penn Community Bank is not publicly traded and operates with its long-term mission in mind: to help businesses grow and prosper, to provide financial resources to individuals and families throughout their lifetimes, to strengthen the local economy, and to partner with local organizations to act as a catalyst for positive growth in every market it serves.