SCOTIA — John Buhrmaster, president and CEO of 1st National Bank of Scotia, is assuming a leadership role as vice-chair on the U.S. Consumer Financial Protection Bureau’s (CFPB) Community Bank Advisory Council (CBAC). He will transition to committee chair in October.
Buhrmaster, who joined the nation’s premier consumer rule-making entity last fall, has a two-year term advising Bureau leadership and staff on how the CFPB can further its mission of protecting consumers, while at the same time developing rules that enable community banks under $10 million in assets to continue their effective delivery of banking services to consumers.
The Scotia native, who holds an undergraduate degree in management information systems and marketing from Syracuse University, has served as president and CEO of 1st National Bank of Scotia since 2005. The independently owned and operated bank has branches in Albany, Saratoga and Schenectady counties and assets of $500 million. For more information, visit firstscotia.com.