During the association’s 2018 national convention in Las Vegas, the Independent Community Bankers of America (ICBA) elected Timothy Zimmerman, CEO of Standard Bank in Monroeville, Pa., as its chairman for 2018-19. The organization also revealed its executive committee for 2018-19, which Zimmerman oversees.
“By driving local economies and creating local jobs, community banks are an integral part of our financial system and serve a key role in our nation’s economy,” Zimmerman said after the announcement. “It’s an honor and a privilege to bring attention to the issues affecting Main Street, while providing policymakers with legislative and regulatory solutions that would yield meaningful and tangible results for the communities we serve.”
Zimmerman has served ICBA and the community banking industry for decades. He chairs the ICBA Executive Committee, and is the committee’s liaison to the Housing Finance Committee, and chairs the ICBA Board of Directors. He also is a past chairman of the Federal Delegate Board and serves on the board of the ICBA Services Network and ICBA Securities. Additionally, Zimmerman is a member of the association’s committees on policy development and nominating and serves on the Financial Accounting Standard Board’s Transition Resource Group for Credit Losses.
Zimmerman served as secretary on the executive committee in 2013-15. He also was chairman of the Mutual Bank Council and served on the Consumer Financial Services and Bank Education committees.
From September 2012 to September 2015, Zimmerman served on the Consumer Financial Protection Bureau’s Community Bank Advisory Council, serving as vice chairman and chairman during his term. He has also testified before the House Financial Services Subcommittee on Oversight and Investigations.
On the local level, Zimmerman has been a member of the Pennsylvania Association of Community Bankers for more than 20 years and regularly served on its board of directors. He is a board member and vice president of the Pittsburgh Civic Light Opera and chairman of its Audit and Budget and Finance committees. He also serves as coordinator for his bank’s Make-A-Wish Foundation annual campaign.
“Tim is one of community banking’s biggest advocates and a faithful steward of his community,” said ICBA Immediate Past Chairman R. Scott Heitkamp, president and CEO of ValueBank Texas of Corpus Christi, Texas. “We are fortunate to have Tim serve as ICBA’s incoming chairman during this pivotal time for our industry.”
Zimmerman, who was anointed chairman-elect during ICBA’s 2017 convention, is joined on the executive committee by:
- Chairman-elect: Preston L. Kennedy, president and CEO of Zachary Bancshares, Inc. of Zachary, La.
- Vice Chairman: Noah W. Wilcox, president, CEO and chairman of Grand Rapids State Bank of Grand Rapids, Minn., and chairman and CEO of Minnesota Lakes Bank in Delano, Minn.
- Treasurer: Kathryn G. Underwood, president and CEO of Ledyard National Bank of Hanover, N.H.
- Secretary: Christopher Jordan, president and CEO of The Farmers State Bank of Stigler, Okla.
- ICBA President and CEO: Camden R. Fine of Washington, D.C., to be succeeded by Rebeca Romero Rainey of Washington, D.C.
- Immediate Past Chairman: R. Scott Heitkamp, president and CEO of ValueBank Texas of Corpus Christi, Texas
- Past Chairman: Jack A. Hartings, president and CEO of The Peoples Bank Co. of Coldwater, Ohio
- Past Chairman: William A. Loving Jr., president and CEO of Pendleton Community Bank of Franklin, W.Va.