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Pat Holle
443-837-1607 /

Federal Reserve President Leads Economic Forum in Maryland
Bankers host first economic forum of the New Year

ANNAPOLIS, MD (December 27, 2013) – Jeffrey M. Lacker, Ph.D., president of the Federal Reserve Bank of Richmond will launch the new year by addressing Maryland’s business community as the key note speaker at a public forum featuring the head of the American Bankers Association and a panel of senior economists. This year’s theme will be “Bringing the Economy into Focus- What it means for Your Business”

The Economic Outlook Forum is the first economic forecast event of the New Year. Hosted by the Maryland Bankers Association, this event was developed to help business leaders prepare for the year ahead. In addition to Dr. Lacker’s assessment of the National and State economies, former U.S. Diplomat, and Assistant Secretary of Commerce, and current Chief Market Strategists for Prudential Annuities, Dr. Quincy Krosby will address the event. Also, Maryland’s best-known economist Anirban Basu, Chairman and CEO of Sage Policy Group, will moderate a panel of senior economists from some of the largest banking institutions in Maryland, as well as, provide a regional and local economic update.

"With such important issues at stake in this region and nationally, banks and businesses will hear firsthand important predictions on how our State will fare economically in the coming year," said Kathleen Murphy, President and CEO of the Maryland Bankers Association (MBA). “This is a must attend event as we all seek insights that will bring greater clarity and certainty on what lies ahead."

According to Jim Cornelsen, President & CEO of Old Line Bank, this event is not to be missed. “Each year this event provides need-to-know information. Banking and business leaders in Maryland can use this information to help position them for a successful year ahead,” Cornelsen said.

The MBA’s economic forum includes four participating Associations: Maryland Association of CPAs, Maryland Retailers Association, Maryland Chamber of Commerce, and the Maryland Association of REALTORS. “We want to give all Maryland businesses every possible advantage, and working together is good for all our members,” Murphy said.

MBA’s Economic Outlook Forum is being held on Friday, January 3, 2014 at the Renaissance Baltimore Harborplace Hotel. The key note speaker, lunch and forum will begin at 11:00 am and registration will open at 10:00 am. This event is open to the public. Registration, including the special session and lunch, is $125. Seating is limited. To register, contact MBA’s Andrea DeVilbiss (443-837-1606 / or visit MBA’s Seventh Annual First Friday Economic Outlook Forum ( to view the event brochure and registration materials.   

Marylandbanks hold $120 billion in deposits and employ 47,600 banking professionals.  Ninety-six percent of the banks in Maryland are well capitalized (the highest regulatory designation).  MBA’s member banks hold 97 percent of the FDIC insured deposits in Maryland in more than 1,800 branch offices.  MBA serves member banks as a legislative and regulatory advocate at all levels of government, as the public relations voice for the industry, as a provider of professional education to members and as a promoter of financial education to the community.




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