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.
A fourth generation community banker, Buhrmaster brings more than three decades of experience in the financial services industry, collections and non-profit organizations to the board. He is the former chairman of the Independent Community Bankers of America, a national trade group representing the interests 5,000 community banks, and past chairman of the Independent Bankers Association of New York State.
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.