American Association of Bank Directors Announces Appointment of Dr. Douglas V. Austin to Board of Advisors

Deteriorating loan underwriting standards in national banks have put national bank directors and others on notice of potentially serious consequences if appropriate action is not taken...

The American Association of Bank Directors ("AABD") announced today that it has named Dr. Douglas V. Austin to its Board of Advisors.

Dr. Austin is the President and CEO of Austin Financial Services, Inc., a full-service, community-oriented, financial institution consulting and investment-banking firm with offices in Toledo, Ohio and Wilmington, North Carolina.

Dr. Austin is a nationally known speaker and author of 17 books in the areas of banking and corporate conflict and over 775 published articles and has served as an expert witness in banking and litigation cases on over 160 occasions.

Dr. Austin has a bachelor's degree from Ohio Wesleyan University, Masters and Doctorate from Indiana University, a JD from the College of Law at University of Toledo and a CFA professional designation. He taught at the University of Michigan, worked as an economist for the research department of the Federal Reserve Bank of Cleveland for two years, served as associate professor of finance at Western Michigan University for two years, and concluded his full-time career in 1989 as professor of finance at the University of Toledo.

"Dr. Austin offers AABD and its members the knowledge and experience that he has developed in banking over a period of more than 30 years," said Keith Dalrymple, AABD's President. "With Dr. Austin on board, AABD members will have another valuable resource to call upon to meet the increasing challenges of serving as directors of banks and savings institutions."

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.