Micro Support Group Joins the Massachusetts Bankers Association - Micro Support Group

Micro Support Group Joins the Massachusetts Bankers Association

Micro Support Group Joins the Massachusetts Bankers Association (MBA)

About the MBA

The MBA is a multi-faceted banking trade group that represents more than 200 banks all across Massachusetts. These institutions, large and small, are commercial, savings and co-operative banks and savings and loan institutions, in every corner of the Commonwealth, and a few are in neighboring states. Together, our member banks manage an aggregate $523 billion in assets.

The MBA was founded in 1905 - To promote the general welfare and usefulness of banks and banking institutions; to secure uniformity of action, together with the practical benefit derived from personal acquaintance and from the discussion of subjects of importance to the banking, commercial and industrial interests of the State of Massachusetts, and especially in order to secure the proper consideration of questions regarding the financial and commercial usages, customs and laws which affect the banking interests of the State of Massachusetts, and for the protection against loss by crime.

Not only is this 1905 mission statement noteworthy for its one-sentence treatise, but also because little could the bankers of yesteryear imagine that one day you would be reading their words on something called the Internet. This medium is indeed emblematic of the kind of change and innovation that bankers - and customers - have managed throughout the years and, as of late, which the MBA is helping to navigate as change happens seemingly at lightning speed.

Today, the focus of the MBA is as much on the consumer as it is on the banker. As the world changes, the MBA and member banks seek to advise, educate and inform customers on how best to manage their financial lives. An educated consumer is, in fact, a better customer and, as such, both customers and banks prosper.

Still, it would be an oversimplification to say that the key beneficiaries of the work of the MBA are merely banks and customers. In fact, the constituencies of the Association also include legislators, regulators, consumer advocates, the media, community groups and, of course, the general public.

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