Nitin Mhatre has been elected Consumer Bankers Association (CBA) chairman of the Board of Directors.
Mhatre serves as executive vice president and head of Community Banking at Webster Bank. Terms for CBA’s Board of Directors run from September to September.
Mhatre succeeds Todd Barnhart, executive vice president and retail distribution executive at PNC Bank. He will remain on the Board as Immediate Past Chair.
“I’m honored to be selected as CBA’s Chairman,” Mhatre said. “It is more important than ever to ensure consumers have well-regulated banking options, and we will use our collective voice in efforts to help our nation’s economy grow. I look forward to working with the Board as we engage with key stakeholders and advocate on behalf of CBA’s membership.”
Dennis Devine, president of Consumer Banking at KeyCorp, has been tabbed Chair-Elect.
“CBA’s success is a direct result of our membership and our Board of Directors is second-to-none in serving the retail banking industry by promoting sound policy and preparing the next generation of bankers,” CBA President and CEO Richard Hunt said. “Just coming off our 100th anniversary, our goals this year reflect our industry’s commitment to serving consumers and ensuring regulations allow banks to keep up with the demands of our customers.”
The CBA Board consists of senior retail banking executives at the nation’s leading financial institutions. The organization’s membership accounts for 1.7 million jobs in America and annually extends roughly $4 trillion in consumer loans, $275 billion in small business loans and originates the majority of private student loans.
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