A Texas community banker is the new chairman of the American Bankers Association.
Kenneth L. Burgess Jr., the chairman of FirstCapital Bank of Texas, has been elected to a one-year term, the association announced Tuesday. He succeeds Dorothy Savarese, the chairman, president and chief executive of Cape Cod Five Cents Savings Bank in Massachusetts.
“Throughout his banking career, Ken has displayed an unwavering dedication to the financial success of individuals, families and communities,” ABA President and CEO Rob Nichols said in a news release. “His commitment to our industry and extensive advocacy for banks of all sizes has already proven to be an immense asset to ABA’s board.”
Burgess began his career in the management candidate training program at First National Bank of Midland in Texas. He later worked at United Bank in Midland and Texas National Bank of Waco. Burgess eventually founded his own bank in 1998, First National Bank of Midland, now known as FirstCapital Bank of Texas. FirstCapital has just over $1 billion in assets.
“Banks of all sizes — no matter how big or how small — play a critical role in building strong, sustainable and financially viable communities,” Burgess said in the release. “It’s an honor to be elected ABA chairman and advocate on behalf of these unique institutions that are making tremendous contributions to communities all across the country.”
Burgess was among a group of community bankers who met with President Trump and Treasury officials earlier this year to discuss the impact of regulation on community banks.
Burgess has served as chairman of the Texas Bankers Association, chairman of the ABA’s Community Bankers Council, and first chairman of the ABA Endorsed Solutions Banker Advisory Council.
FirstCapital is high in our 2017 ranking of the Best Banks to Work For.