Kaplan Partners Selected by Maryland Bankers Association

MBA PRESS RELEASE

CONTACT: Mindy Lehman
Senior Vice President of Government Relations & Communications
443-837-1613 | mlehman@mdbankers.com

FOR IMMEDIATE RELEASE: August 24, 2020
Kaplan Partners Selected to Manage the Search for the
Maryland Bankers Association’s President and CEO

The Maryland Bankers Association (MBA) Board of Directors continues to move expeditiously toward
successful completion of the search for the Association’s next President and CEO. The search was
initiated due to the pending departure at the end of August of long-serving CEO Kathleen Murphy, who
will be joining the Massachusetts Bankers Association as its President and CEO.

On July 22, 2020, MBA Chairman Robert E. “B.J.” Goetz, President and CEO of Middletown Valley
Bank, informed the membership of the creation of a Succession Committee to oversee the search process.
At that time, Goetz also pledged to keep the members informed of the Committee’s progress.

Today, the Association is pleased to announce that Maryland Bankers Association member Kaplan
Partners (“Kaplan”) has been selected to assist the Succession Committee on this important initiative.
Philadelphia-based Kaplan Partners has been in business for over 26 years, with an excellent reputation as
an industry-leading boutique executive search and board advisory firm. According to Goetz, “Kaplan’s
deep expertise in the banking industry, strong knowledge of the banking association landscape and track
record of success in placing proven executives in Maryland banks and other state bankers associations
combined to make Kaplan the firm of choice to assist with the Association’s CEO succession process.”

Kaplan Principal Nick DeMedio will be joining the Firm’s Founder and CEO Alan Kaplan as the lead
consultants on the search, working with the Succession Committee and as a point of contact for the deep
candidate pool that has emerged for this key leadership position. Inquiries may be directed to Nick
DeMedio at nick@kaplanpartners.com.

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Founded in 1896, MBA represents community, regional and large nationwide banks and thrifts of all
sizes and charter types which hold $140 billion in deposits in more than 1,400 branches across the
State. Maryland banks employ more than 26,000 professionals who dedicate on average 100 hours of
community service annually. 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 a promoter of financial education to the community.