Pennsylvania Banker Elected ICBA Chairman
Zimmerman of Monroeville to serve the nation’s community banks
Las Vegas (March 16, 2018)—Timothy K. Zimmerman, CEO of Standard Bank in Monroeville, Pa., was elected chairman of the Independent Community Bankers of America® (ICBA) for 2018-19 during the 2018 ICBA national convention, ICBA Community Banking LIVE®, in Las Vegas. His term begins at the conclusion of the convention on March 17.
“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. “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 is chairman of the Executive Committee and the board of directors. He is past chairman of the Federal Delegate Board and serves on the board of the ICBA Services Network and ICBA Securities. He serves on the Policy Development and Nominating committees. He is the Executive Committee liaison to the Housing Finance Committee 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.”
ICBA is the only national advocacy organization dedicated exclusively to promoting the interests of locally operated community banks and savings institutions. With trusted financial expertise and high-quality customer service as their hallmarks, community banks offer the best financial-services option for millions of consumers, small businesses and agricultural enterprises.