The Federal Reserve Bank of New York announced that former ICBA Chairman John Buhrmaster, president and CEO of 1st National Bank of Scotia, N.Y., has been elected as a Class A director representing Group 3.
Details: Class A directors represent banks in the New York Fed’s region. Buhrmaster was elected by member banks in Group 3, which are member banks with capital and surplus of less than $40 million. He will serve a three-year term ending Dec. 31, 2026.
