An Action-Oriented Executive to Lead the Association for Inclusive Financial Services and Regulatory Voice of Minority Banking
The National Bankers Association (NBA) announced today the appointment of Nicole Elam, Esq. as president and CEO, effective May 17, 2021.
Elam joins the NBA from JPMorgan Chase & Co. where she was vice president and government relations manager developing public policy positions and advocacy strategies in Washington, DC.
Previously, she led the government and external affairs strategy as vice president for ITT Educational Services, Inc., worked as a senior director at the government affairs firm Ice Miller Strategies LLC, and an attorney at Akin Gump Strauss Hauer & Feld LLP focusing on congressional investigations and government enforcement actions.
Nicole started her career in civil rights as communications director at the Black Leadership Forum, Inc., and held positions at the NAACP Legal Defense and Educational Fund and the NAACP Washington Bureau.
“I am honored to lead the National Bankers Association toward its 100th Anniversary and to strengthen its member banks and the communities they serve,” said Elam. “Minority banks have an unprecedented opportunity to grow and level the economic playing field for minorities and women.
In this transformational era, we want to expand access to capital to drive inclusive economic recovery and help NBA member banks better leverage technology to achieve an economic multiplier effect.” Research has shown that substantial inequality exists, challenging the strength of many NBA member institutions. With the growth of the fintech industry and re-energized racial justice movements, Elam will lead the NBA to innovate and engage new generations in conversation about how they can use their money to help foster the social change they seek.
“The NBA is delighted to have Nicole Elam advocate for our members as they strive to eliminate the racial wealth gap. She will lead our efforts to attract new capital to our sector, communicate our profound impact, build our capacity to serve more minority banks and their customers, and collaborate to bring innovative solutions to the underserved,” said Robert E. James, II, chairman of the NBA and president of Carver Development CDE, LLC. “Our banks have faced great volatility during COVID-19, but we are encouraged about the opportunities for us to create a new future. We are thrilled to have Ms. Elam at the helm to take the NBA forward.”
Elam succeeds Kim D. Saunders, who served as NBA president and CEO since 2018.
Founded in 1927 as the National Negro Bankers Association, today, the Association has expanded its membership to also include Hispanic-American, Asian-American, Native American and women – owned banks. Recognized as the voice of minority banking in America, the NBA’s mission is to create an inclusive financial services industry and a vibrant business environment for minority financial institutions, their customers and the communities they serve. Member banks are located in twenty-two states and the District of Columbia. To learn more, visit nationalbankers.org