Maryland bankers: We've got heart

July 01, 2011|By Eileen Ambrose

Elizabeth Warren is a native of Oklahoma, but she might as well be from Baltimore based on the reception the city gave her Thursday night. She spoke at a town hall meeting held by Rep. Elijah E. Cummings to talk about the new Consumer Financial Protection Bureau she’s setting up.

Given the big applause and standing ovation, you might assume that there wasn’t a banker or anyone from the industry in the crowd. But not true.

Kathleen Murphy, president of the Maryland Bankers Association, sat in the first row. Cummings gave a shout out to Murphy for coming to the event. “She could have easily stayed home and said, “That may not be my crowd,’ ” he said.

I spoke to Murphy briefly after the meeting, and she had a bone to pick on an earlier blog entry where I teased bankers for not having hearts.

Murphy gave me a brochure with some stats to prove otherwise:

In 2009, the brochure says, Maryland banks and their employees gave nearly $11.2 million to 3,000 Maryland community groups and charities. And they volunteered 75,300 hours to these groups. And about 1,060 bank employees serve in leadership positions at nonprofit organizations.

Murphy added, Enoch Pratt was a banker who donated money to establish the Enoch Pratt Free Library – the site of the town hall meeting.



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