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What you need to know for 01/21/2017

Buhrmaster picked to lead bankers’ group

Buhrmaster picked to lead bankers’ group

John H. Buhrmaster, president of 1st National Bank of Scotia, has been chosen to be the new chairman

John H. Buhrmaster, president of 1st National Bank of Scotia, has been chosen to be the new chairman of the Independent Community Bankers of America, a national organization representing nearly 7,000 community banks and more than 24,000 locations.

Buhrmaster is to succeed Bill Loving, who oversees Pendleton Community Bank in West Virginia. The change won’t become official until March 2-6, when the ICBA’s board of directors will vote on the nomination during the ICBA National Convention in Honolulu.

The ICBA supports fair competition for financial institutions and maintaining the separation of banking and commerce. Member banks hold $1.2 trillion in assets, $1 trillion in deposits and $750 billion in loans to consumers, small businesses and the agricultural community.

This isn’t Buhrmaster’s first time representing the banking community. He is also the secretary for and a member of the board of directors for the Independent Bankers Association of New York State and a member of the New York State Bankers Association education committee.

He has more than 26 years of experience in the financial services industry and is a fourth-generation president at 1st National Bank of Scotia.

Buhrmaster serves on the Niskayuna Central School District Board of Education, is a member of the Scotia Rotary Club and is a New York state high school track official and an assistant scoutmaster for Alplaus Boy Scout Troop 3036.

He lives in Scotia with his wife and three children.

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