New ABA chair has community bank background

DES MOINES, Iowa -- An Iowa community banker is set to take the reins of the American Bankers Association this October, as small-town business leaders assert themselves in a $13 trillion banking industry that was pushed to the precipice of financial disaster in 2008 by the nation's largest financial institutions.

Jeff Plagge, who turns 59 on Monday, is the ABA's incoming chairman. The president and chief executive of Northwest Financial Corp. in Arnolds Park will succeed Matthew Williams of Gothenburg State Bank in Gothenburg, Neb., at the annual convention in New Orleans, Oct. 20-22.

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Source: http://newslink.cspire.com/content/new-aba-chair-has-community-bank-background.365291

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