Suffield resident George Hermann, President & CEO of Windsor Federal Savings, has been appointed chairman of the American Bankers Association’s Mutual Institutions Council Administrative Committee for a one-year term. 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 chair of the Committee, Hermann will lead the review of all aspects of statutory, regulatory and marketplace influences on the status and role of the mutual form of organization for depository institutions. Hermann and the Committee are 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.