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Newsmaker: Timothy Zimmerman

| Tuesday, March 19, 2013, 11:27 p.m.
Timothy Zimmerman, 61, of Franklin Park was elected secretary of the Independent Community Bankers of America.

Noteworthy: The Independent Community Bankers of America elected Zimmerman as its secretary at the 2013 ICBA National Convention in Las Vegas this month, giving him a seat on the organization's executive committee. The group's membership includes 5,000 of the country's estimated 7,000 community banks, and advocates for them on issues such as government regulation during the ongoing implementation of federal rules passed in the wake of the 2007 financial collapse. Zimmerman said small banks shouldn't be subject to the same complicated rules as multinational banks.

Age: 61

Residence: Franklin Park

Family: Wife, two adult daughters

Occupation: President and CEO of Standard Bank in Monroeville

Education: Zimmerman earned a bachelor's degree in business management from Indiana University of Pennsylvania in 1973.

Quote: “I believe community banks are the lifeblood of the economy, especially in small communities like we have in Western Pennsylvania. They're not big markets. (Community banks) make loans to people that other banks won't make.”

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