Shirley Nelson Honored at Independent Community Bankers of America

written by Business View Magazine November 20, 2014

Shirley Nelson named “Community Banker of the Year”

The Independent Community Bankers of America named Shirley Nelson, founder, chairman and CEO of Summit Bank of Oakland, Calif., as its national Community Banker of the Year. The annual award was created to recognize the exceptional work of individual community bank employees and the commitment they have to their local communities.

“It’s truly an honor to recognize Shirley Nelson as ICBA’s first Community Banker of the Year. Her decades of experience in community banking and dedication to the industry show firsthand how exceptional community bankers can truly elevate this great profession and make a real difference in the lives of local citizens,” said ICBA President and CEO Camden R. Fine. “Shirley’s dedication to Summit Bank, the San Francisco and Oakland communities, and the financial industry are to be commended. Her comprehensive knowledge of the banking business, countless years as a community advocate and stellar reputation among her colleagues truly sets her apart.”

Nelson, who began her banking career in Kodiak, Alaska, opened Summit Bank in July 1982 to serve the medical market. Summit Bank is now the oldest operating community bank in Oakland, and under Nelson’s leadership has had 386 consecutive months of profitability.

A fellow community banker who submitted the Community Banker of the Year nomination on Nelson’s behalf said Nelson is a “strong leader, who possesses strong moral ethics and principles. (She) is held in high esteem by her peers and is a woman with an outstanding reputation for giving to others. She understands that it takes a team to succeed.”

Nelson also has a long list of professional honors and recognitions, including being named one of the 25 Most Powerful Women in Banking by U.S. Banker Magazine, one of the Financial Women of the Year by the San Francisco Financial Women’s Leadership Association and one of the 50 Most Influential Businesswomen in the Bay Area. She also has received the San Francisco Business Times’ Women in Leadership Award.
In addition to Nelson being named ICBA Community Banker of the Year, three regional winners from the East Coast, Midwest and West Coast were also named. The winners will be featured in the December issue of ICBA Independent Banker, the association’s award-winning monthly publication and the No. 1 source of community banking news for ICBA members. Nelson and the regional winners will also be recognized at the 2015 ICBA Community Banking LIVE national convention in Orlando, Fla.

Regional award winners are:

East: Ronald Paul, chairman and CEO, Eagle Bank, Bethesda, Md.
Central: Jim Gowen Sr., chairman, Merchants & Planters Bank, Newport, Ark.
West: Mark Zaback, president and CEO, Jonah Bank of Wyoming, Casper, Wyo.

ICBA sought nominations for passionate, innovative and dedicated community bankers in September and received more than 400 nominations. This is the first year the association held this contest, which was sponsored by D+H, and raised national recognition exclusively for the nation’s community bankers.CBA urges balanced approach to mortgage-data reporting rules

The ICBA called on the Consumer Financial Protection Bureau to ensure its proposed changes to the Home Mortgage Disclosure Act do not restrict community bank lending. In a comment letter, ICBA said that the CFPB’s proposal to expand data collection and reporting rules will compound existing regulatory and paperwork burdens affecting community banks, their customers and their communities.

“Regulatory compliance is continuing to deplete the resources of community banks, which directly affects their ability to compete in the marketplace and offer consumer alternatives to the one-size-fits-all products and services offered by big banks,” ICBA Vice President and Regulatory Counsel Elizabeth Eurgubian said. “We strongly urge the CFPB to finalize new HMDA requirements with a balanced approach that does not restrict the lending businesses of smaller and less complex banks.”

ICBA wrote in the comment letter that while it recognizes the significance of HMDA data in showing how financial institutions meet the housing needs of their communities, the costs of the CFPB’s proposed changes would outweigh the benefits. With community banks already facing new qualified mortgage, escrow, officer-compensation, servicing and disclosure requirements, the expanded data-reporting standards would further prevent community banks from making residential mortgage loans and supporting the housing recovery. Meanwhile, none of the additional data points proposed by the CFPB but not required by statute would add value to data the bureau already collects, ICBA wrote.

Instead, ICBA encouraged the CFPB to take a balanced approach to the rulemaking that does not require data reporting not specifically mandated by Congress. The association said extraneous data reporting does not necessarily provide a better understanding of lending practices, merely creates new data sources of questionable value, and can raise consumer privacy concerns.

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