ABA Names Keating as New President and CEO of Association

The American Bankers Association announced that former Oklahoma Governor Frank Keating has been named to be the next President and CEO of the association.

According to the ABA, he will join the association on December 1 and assume his new role on January 1, upon the retirement of current president and CEO Ed Yingling.

“Frank was the unanimous choice of the search committee.  He brings to this position tremendous energy, a strong history of involvement in financial issues, the respect of policymakers on both sides of the aisle and extensive management experience, including eight years as CEO of the American Council of Life Insurers.

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“He is well known in Washington and around the country and is highly regarded for his public service in senior positions in the Justice Department, Treasury and HUD, in addition to his eight years as governor of Oklahoma.

“Frank comes from a family of bankers and served on the board of a savings bank.  His experience as assistant secretary of the Treasury and general counsel and acting deputy secretary of HUD will be helpful as Congress considers reform of GSEs and housing finance.  He also brings to ABA strong management skills honed as governor and in his leadership of a large and complex trade association.

“Coming out of the financial crisis, we are entering a period of great change for our industry.  We wanted a strong, proven leader and consensus builder who will listen to the concerns of bankers and be a dynamic champion for our industry during this critical time.  That is what we have in Frank Keating.”

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  • With his reputation for viciously attacking the President while related to the McCain presidential campaign, is the former governor the best leader the ABA could find? One then Senator Obama attack was so bad that even the right leaning Dennis Miller had to cut him off while interviewing him on his cable show.

    Hasn’t the US Senate already had enough of one Keating in the banking industry to last a century? They may not be related but three Democratic Senators had their careers cut short for being part of the Keating Five. Besides those three, both former Senator John Glenn and Senator John McCain were openly condemned for their association with Charles Keating by the Senate. Charles Keating was the head of the failed Lincoln Savings and again other than being connected to Senator McCain there is absolutely nothing I could find quickly linking Charles and Frank together.

    When it comes to anything to do with the broader banking related industry, the name Keating still sends chills down some of our spines. Not only is his name a wee bit of a problem but even more so his statements regarding President Obama seem to make his selection to say the least, questionable. Odd choice at best.

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