Buhrmaster named New York Fed director

The Federal Reserve Bank of New York announced that former ICBA Chairman John Buhrmaster, president and CEO of 1st National Bank of Scotia, N.Y., has been elected as a Class A director representing Group 3.

Details: Class A directors represent banks in the New York Fed’s region. Buhrmaster was elected by member banks in Group 3, which are member banks with capital and surplus of less than $40 million. He will serve a three-year term ending Dec. 31, 2026.