MONTGOMERY, NEW YORK: May 24, 2021 – Derrik R. Wynkoop, President and CEO, Walden Savings Bank, has been appointed to serve as New York’s representative on the American Bankers Association’s Government Relations Council.
This Year’s council members have appointed by ABA Chair James J. Edwards, Jr., and there is typically one representative from each state. Each serves a one-year term with the possibility of appointment to one additional term.
The Government Relations Council (GRC) is the leadership committee with the exclusive responsibility for recommending annual policy priorities to ABA’s Board of Directors. The Council provides ongoing policy guidance to ABA leadership as policy issues arise during the year. Its diverse membership is reflective of the industry at large, representing banks from across the country of varying asset size, charter type, and business structure, making it a critical committee in representing both the specific interests of the industry segments and the broader industry. GRC members also participate in ABA’s political engagement programs.
Most importantly, Wynkoop and other members of the GRC serve as essential advocates of ABA’s policy positions before members of the legislative and executive branches and related agencies, local media and fellow bankers.
“It is a great honor to serve on this important council,” says Wynkoop. “I look forward to participating and helping advance the critical role that our nation’s banks play in both their communities and the broader economy.” Wynkoop has been in the banking industry for 33 years and has served as Walden Saving’s Bank’s President and CEO since 2011.
About Walden Savings Bank
Walden Savings Bank, established in 1872, is the 11th oldest federally chartered mutual savings bank headquartered in Montgomery, New York. With a total of 11 full-service branches serving Orange and Ulster Counties and a Loan Production office in Dutchess County, the Bank’s progressive style of community banking provides products that cater to both the individual and the growing mid-size business. Walden Savings Bank is rated 5 Stars by Bauer Financial, the nation’s leading and most respected financial institution analyst. In addition, Walden Investment Services*, located at Walden Savings Bank, offers personalized advice for financial planning. To learn more about the Bank and its products and services, visit their website at www.waldensavings.bank.
