Philadelphia, Pa. (September 1, 2004)—Richard L. Harbaugh, president and CEO, Equitable Federal Savings Bank, Grand Island, Nebraska, has been elected chair of the Risk Management Association (RMA). W. Kendall Chalk, senior executive vice president and chief credit officer, BB&T Corporation, was elected vice chair. Their one-year terms begin September 1.
Harbaugh, a member of RMA’s Midlands Chapter, joined RMA in 1973. He has been a member of RMA’s Board of Directors since 1997 and is a past chairman of RMA’s Community Bank Council.
At Equitable, Harbaugh is responsible for formulation and implementation of all policies and risk management procedures for lending, operations, investment and asset liability management.
Chalk, who joined RMA in 1980, is past president of RMA’s Carolinas/Virginias Chapter. He is a past chairman of the Board of Regents of the RMA Commercial Lending School and past chairman of RMA’s Credit and Risk Management Council. He also served a three-year term on RMA’s Board of Directors from 2000-2003.
As chief credit officer of BB&T, Chalk is responsible for strategic management of the bank’s lending practices and overall supervision of the commercial, retail, sales finance, and mortgage lending businesses.
He earned a BS and MBA from East Carolina University, Greenville, North Carolina. He is a graduate of Stonier Graduate School of Banking, Rutgers University, New Brunswick, New Jersey.
About RMA
The Risk Management Association is a member-driven professional association whose sole purpose is to advance the use of sound risk principles in the financial services industry.
Founded in 1914, RMA promotes an enterprise-wide approach to risk management that focuses on credit risk, market risk, and operational risk. Headquartered in Philadelphia, RMA has 2,850 institutional members that include banks of all sizes as well as nonbank institutions. They are represented in the Association by 16,000 commercial loan, credit, and risk management professionals in the 50 states, Puerto Rico, Canada, and numerous foreign cities, including Hong Kong, Singapore, Melbourne and London.
For more information, call Kathie Beans at 215-446-4095 or e-mail kbeans@rmahq.org.