Peoples Bank’s Sturgill is sole Maryland appointee on national council

CHESTERTOWN — The American Bankers Association has selected Scott Sturgill, CEO and president of The Peoples Bank, to serve on its Community Bankers Council.

Sturgill attended the ABA Community Bankers Council meeting in Washington, Nov. 13-15, when bankers talked about legislative priorities including the ACRE Act, Credit Card Competition Act and SAFER Banking Act.

Other topics of discussion included regulatory issues such as Section 1033 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (commonly referred to as Dodd-Frank), debit card interchange fees and the Biden administration’s executive order on artificial intelligence.

According to a news release, council members also had the opportunity to share ways that high interest rates have affected the business of banking and exchange ideas on deposit generation, loan growth, talent recruitment and retention, and other business and operational best practices.

“Community banks play such an important role in our banking industry,” Sturgill said in the news release. “This appointment gives me the opportunity to represent Maryland and advocate for the continued success of America’s hometown banks.”

ABA’s Community Bankers Council meets twice a year. Its membership consists of about 100 bankers from across the country from institutions with generally less than $5 billion in assets.

Members are appointed by the ABA chair.

According to the news release, Sturgill is the sole representative for the state of Maryland appointed to the council.

He was named president and CEO of The Peoples Bank in 2021 after 35 years of service in the community banking industry.

The Peoples Bank opened its doors in 1910, and now has a total of seven branches in Kent, Queen Anne’s and Talbot counties.

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