NEWS RELEASE
Nov. 17, 2008
ABA Media Contact: John Hall
(202) 663-5473
E-mail: jhall@aba.com

MCWEENEY ELECTED BOARD OF ABA INSURANCE PROGRAM

WASHINGTON -- The American Bankers Association today announced that the American Bankers Professional and Fidelity Insurance Co. – the mutual reinsurer for the ABA-sponsored insurance program – has elected John E. McWeeney, Jr., president and CEO of the New Jersey Bankers Association, to its board of directors.

The program – underwritten by Progressive Casualty Insurance Co. – offers directors and officers liability, financial institution bond, Internet banking liability, employment practices liability and other related insurance products for community banks. 

“McWeeney is a results-oriented banking executive with 28 years of progressive line management responsibilities in middle market, small business, consumer banking and government banking,” said John Manor, ABPFIC chairman. 

McWeeney joined Fleet Boston Financial (now Bank of America) in 1979 and most recently served as Southern New Jersey market president, and as executive vice president in Bank of America’s government division. McWeeney also served on the N.J. Bankers board of trustees from April, 2005 to April, 2007.  He retired from Bank of America and assumed his duties as president and CEO of the New Jersey Bankers Association in early April of 2007.

In addition to his commitment with N.J. Bankers, McWeeney has been involved with several community organizations.  He served on the board of directors for both the Chamber of Commerce of Southern New Jersey and the Southern New Jersey Development Council.  He is also active in the Stonehill College, New York Alumni Council.

McWeeney received his BSBA from Stonehill College in North Easton, Mass. in 1977, followed by his MBA from Boston College in Chestnut Hill, Mass. in 1979.  He and his wife Kathy live in Belmar and have three children; Andrew, John and Brianne.

The American Bankers Association brings together banks of all sizes and charters into one association. ABA works to enhance the competitiveness of the nation's banking industry and strengthen America’s economy and communities. Its members – the majority of which are banks with less than $125 million in assets – represent over 95 percent of the industry’s $13.3 trillion in assets and employ over 2 million men and women. ABA can be found on the Internet at www.aba.com.

The American Bankers Professional and Fidelity Insurance Company is a bank-owned, mutual insurance company that reinsures coverages underwritten by the Progressive Casualty Insurance Company (Progressive) in Mayfield Village, Ohio.  Progressive has earned an "A+" (Superior) rating from A.M. Best Company and can be accessed by independent insurance agents.  An A+ rating by Best’s reflects the strength of a company’s balance sheet, operating performance and business profile.  For more information call Judi Kovach at (800) 274-5222 or visit the Web site at www.banks.progressive.com.

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