WASHINGTON — American Bankers Association President and Chief Executive Edward Yingling will retire at the end of the year, the trade group announced Wednesday.

Yingling, 61, will leave his current post Dec. 31 after working 25 years for the group. In a statement, Yingling said the timing of his departure would ensure a smooth transition.

"The conference report on the reform legislation is written, the historic merger of ABA and America's Community Bankers has been successfully completed, and ABA has been restructured to best serve the industry for the future," he said.

The ABA has convened a search committee to find his replacement. The panel comprises members of the group's board and former officers. The committee has retained executive search firm Korn/Ferry International (KFY) to help it.

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