Marine Bank has announced that president and CEO Bill Penney has been named chairman of the Florida Bankers Association (FBA), one of Florida's oldest trade associations. The announcement was made at the organization’s 134th annual meeting in Orlando.
Since 1888, the FBA has advocated on behalf of Florida banks and promoted the banking industry in the state. Today, the FBA boasts a membership of 200 financial institutions whose deposits make up 98% of the total deposits in Florida.
Penney has been active with the FBA for more than 11 years. In addition to being a current FBA board member and serving as the chair-elect for the past year, he is the former chairman of the Florida Bankers Educational Foundation, a former member and chair of the Government Relations Committee, and a former board member of the Florida BankPac, a statewide, bi-partisan, non-profit political action committee. In 2017, Penney was awarded the Florida Bankers Association’s Chairman’s Award in recognition of his continuous support of the association, his leadership on FBA committees, and his commitment to the success of the banking industry.
In his role as chairman, Penney will help set policy and oversee the general operation of the FBA to help maximize the ability of its bank members to compete, serve customers and positively contribute to the economic well-being of Florida.
“Meeting with our elected officials in Washington, D.C. to discuss the issues that affect our industry and how the policies and regulations they implement impact their constituents is an amazing opportunity to work together,” said Penney. “I look forward to continuing to build on the impressive track record of The Florida Bankers Association.”
“Our Chairs take time out of their busy schedules to lead the fight for our industry in Washington and Tallahassee,” said FBA President and CEO Alex Sanchez. “Bill is an experienced banker who is passionate about speaking out for our industry. His knowledge and leadership will make him a powerful advocate for bankers throughout Florida.”
“The past few years were challenging for our local communities,” continued Penney. “But our industry rose to the occasion to find solutions. At Marine Bank, the connection to our customers is stronger as a result and our team has an even greater commitment to helping businesses grow and add jobs and assisting people achieve the dream of home ownership.”
In addition to his service with the FBA, Penney is involved locally and is the past chair of the Indian River Chamber of Commerce, the Indian River Economic Development Council, the United Way of Indian River County, and is currently vice–chair of the Alzheimer & Parkinson Association of Indian River County.
About Florida Bankers Association
The Florida Bankers Association (FBA) serves as the primary resource through which Florida financial service providers work in unity to influence the state and federal legal regulatory environment in which they serve their customers. Established in 1888, the FBA is one of Florida’s oldest trade associations and has a membership of more than 200 financial institutions ranging in size from small community banks, thrifts and trust companies, to medium-sized banks operating in several parts of the state, to large regional financial institutions that are headquartered in Florida or outside the state. Deposits of the members of the FBA make up 98 percent of total deposits in the state of Florida.