Jay McKenna

The United States federal government has tapped North Shore Bank president Jay McKenna to serve on the Treasury’s Office of the Comptroller of the Currency Mutual Savings Association Advisory Committee. Jay is one of only 10 leaders of financial institutions across America to be selected for this role.

The committee keeps an eye on the state of the American mutual savings association industry and offers input to the Office of the Comptroller of the Currency. With $2.5 billion in assets, Jay says, North Shore Bank is the largest mutual institution represented on the committee, and also the only one from the upper Midwest.

“But we all have in common our unique governance structure in mutuality, which — as I tell new employees at orientation sessions — allows us to focus on long-term objectives with an emphasis on our customers, employees, and communities,” Jay adds.

The committee will meet three times per year — virtually the first time, but then in person in Washington, D.C., as the COVID-19 pandemic gets under control.

“Jay’s experience in the industry made him a stand-out candidate for the Mutual Savings Association Advisory Committee, and we are excited to have him represent the mutual charter and Wisconsin institutions on OCC’s committee,” said Wisconsin Bankers Association president Rose Oswald Poels.

“Appointment to this committee will allow me to share feedback with regulators in Washington about ‘conditions on the ground’ and how policies are impacting our business,” Jay says. “It is great recognition for North Shore and shows the respect for our bank within the leadership of the OCC.” Congratulations, Jay!