American Association of Bank Directors Announces Appointment of Martin Lowy to Board of Advisors

December 3, 2008; Bethesda, Maryland

The American Association of Bank Directors (“AABD”) announced today that it has named Martin Lowy to its Board of Advisors.

Mr. Lowy has had a distinguished career in banking and banking law.  He spent 20 years practicing banking law with large New York law firms, served as Vice-Chairman of a large regional bank, and has written several books on banking and corporate governance matters.

Mr. Lowy’s publications include High Rollers: Inside the S&L Debacle (Praeger 1991), the leading book on the S&L debacle; Basic Guide for Audit Committee Members (1993); Practical Handbook for Bank Directors (Financial Services Press 1995); and Corporate Governance for Public Company Directors (Aspen Publishers 2003).  He is currently working on projects relating to the history of financial fraud since World War II and an investigation of the causes of the current sub-prime mess.

“Marty Lowy brings to AABD a wealth of practical experience and expertise in banking law, corporate governance, and public policy as it may affect the banking industry,” Keith Dalrymple, President of AABD, said.  “During this period of enormous challenges to the American economy and the banking industry, Marty’s extensive experience during the S&L crisis and his extraordinary insight will be invaluable to AABD, its members, and policy-makers in the Executive Branch, the U.S. Congress, and the federal and state banking agencies.”

Founded in 1989, the non-profit American Association of Bank Directors is the only trade group in the United States solely devoted to bank directors and their information, education, and advocacy needs.  The Institute for Bank Director Education was established in 1993 as the educational arm of AABD.  Its purpose is to act as a clearinghouse for education programs designed for bank and savings institution directors that support the nationally recognized Director Certification Program.