Area banker named to FDIC advisory committee

Neil McCurry, president and CEO of Sarasota-based Sabal Palm Bank, has been named to the Federal Deposit Insurance Corp.’s advisory committee on community banking.

McCurry is one of 17 members appointed to the advisory committee and the only one from Florida, according to the FDIC’s website. The committee shares input with the FDIC — an independent agency created by the U.S. Congress to “maintain stability and public confidence in the nation's financial system” — on a broad range of community bank policy and regulatory matters.

The committee, formed in May 2009, is composed of members representing a cross-section of community bankers from around the country. McCurry’s first virtual meeting with the committee took place April 13, in which “a wide range of community banking issues from across the country” were discussed, including local banking conditions, minority institution lending and a study on community banking and agricultural lending, according to an agenda posted by the FDIC on its website.

“It is an honor and privilege to represent the 5,500 community banks across the country as a member of this prestigious group,” says McCurry, in the statement. “The work of the FDIC advisory committee continues to play a significant role in shaping the banking industry of the future to ensure that the needs of all communities and citizens are served.”

Sabal Palm, formed in 2006 by a group of local business leaders and investors, today operates three locations in Sarasota and Venice. In 2013, the bank was one of the first community banks in the country since the recession to successfully raise new capital exclusively from a stock sale to local residents.