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Michael Tucker, ‘quintessential community banker,’ leads trade group

Recorder/Paul Franz
Michael E. Tucker, president and CEO of the Greenfield Co-operative Bank, is the new head of the Massachusetts Bankers Association.

Recorder/Paul Franz Michael E. Tucker, president and CEO of the Greenfield Co-operative Bank, is the new head of the Massachusetts Bankers Association. Purchase photo reprints »

Tucker, who’s been on the bankers’ association board for six years and has been active on its committees since 1983, said the majority of the association’s leaders are from small and mid-sized banks, and since each member bank gets a single vote regardless of how large its assets are, “no one institution can dictate the agenda.”

“I don’t think I would have been as active as I have been if that weren’t the case,” said Tucker, who said the organization is dominated by its banks from around the state, rather than those from out of state that do business in Massachusetts.

Tucker has played a key role on the committee that helped in rewriting of the state’s banking laws for the first time since 1983 — revisions that are now pending in the Legislature. The statewide association has argued for beefed up state regulation in the aftermath of a mortgage crisis that “don’t overreach” to become burdensome on the industry.

“As an industry, because we were so conservative in Massachusetts, that’s one reason we haven’t seen the real busts in this state that we saw in places like Florida and Georgia,” said Tucker, pointing out that only one bank in New England failed during the recent financial crisis.

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