Kathleen M. Murphy, the president and CEO of the Maryland Bankers Association for the past two decades, is leaving to take over the Massachusetts Bankers Association, Board of Directors announced today that its President and CEO Kathleen M. Murphy will become the next President and CEO of the Massachusetts Bankers Association, the two organizations announced Friday.
“Navigating the depth and strength of the candidate pool was a daunting challenge, but it became clear that Kathleen’s talent, insight, and passion combine to provide vital leadership and propel the Massachusetts banking industry in the future,” said Patrick J. Murray, president and CEO of the Bristol County Savings Bank and chairman of the Bay State banking group.
Murphy will succeeds Daniel J. Forte, who is retiring this fall after heading the Massachusetts Bankers Association since 1997.
In a statement, B.J. Goetz, chairman of the Maryland Bankers Association and president and CEO of Middletown Valley Bank said, “We celebrate Kathleen Murphy’s contributions to the State of Maryland and the Maryland banking industry during her 20-year tenure as the Association’s President and CEO. Since joining the MBA in 1999, she has elevated the voice of the Maryland banking industry through exceptional advocacy, media relations and member communications and strengthened member banks through development of innovative professional development programs and member services. While her departure is a loss for the Maryland banking industry, we congratulate Kathleen on the recognition of her career accomplishments by being named to lead such a respected state bankers association.”
Murphy, who will leave the Maryland job in late August, said it has been “an honor and a privilege” to head the industry group.
“I am proud of how the organization has been transformed, positioning it as the leading advocate, trusted partner and exceptional resource for Maryland banks and bankers,” she said.
Goetz said that the Maryland association will be forming a Succession Committee to search for the MBA’s next President and CEO.