LOS ANGELES--(BUSINESS WIRE)--Scott Racusin, President & CEO of Wedbush Bank, has been selected to serve on America’s Community Bankers Council, a division of the American Bankers Association in Washington, D.C.
Composed of approximately 100 bankers from across the United States, the Council meets twice a year to advise the Association on issues affecting the nation’s community banks and their customers. The first meeting of the 2011-2012 Council was held November 7–9 in Washington, D.C.
Council members discussed how recent legislative and regulatory proposals have affected their local communities and assessed the impact of recent economic events.
While in Washington, Mr. Racusin met with members of Congress to share the industry’s views on current banking policies. In addition, bankers met with representatives from their regulatory agencies including the FDIC, Federal Reserve Board, and the Office of the Comptroller of the Currency.
“This is an opportunity to let our voice be heard on national issues to help guide our communities across California into a strong economic future,“ Racusin said. “This appointment gives me the ability to influence policy decisions made in Washington and also gather information that can help us meet the challenges we face locally.”
Members of the Council are from financial institutions generally under $1 billion in assets and are appointed by the ABA chairman.
Scott Racusin has been President & CEO of Wedbush Bank since the doors opened for operation in February, 2008. He can be reached directly at (213) 688-4457 or via e-mail at scott.racusin@wedbushbank.com.
With approximately $225 million in assets, Wedbush Bank is one of the premier entrepreneurial, professional and business banks headquartered in Los Angeles with offices in Ontario, Newport Beach and Portland, Oregon. Wedbush Bank delivers a wide range of innovative financial solutions including deposit, sweep and cash management services coupled with commercial, small business, asset-based, government and real estate financing. Founded in 2008, Wedbush Bank is a subsidiary of WEDBUSH, Inc. and an affiliate of Wedbush Securities. Wedbush Bank is recognized as a “5-Star Superior” rated bank by Bauer Financial. Wedbush Bank can be found on the Web at www.wedbushbank.com.
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