Paul P. Mello, president and chief executive officer of Solvay Bank, will travel to Washington, D.C. today attend a meeting at the White House regarding community bank's role in the efforts to gain ground on the U. S. economic recovery.
Mello was selected to be one of the 12 community bankers in attendance from among the leadership of over 7,000 community banks in the United States.
"It is an honor to be chosen to represent the Main Street financial institutions as well as the Central New York Region," Mello said. "Community Bankers have a keen understanding of the local business landscape that they serve. This perspective is needed in the government's efforts to getting our economy back on track."
The meeting is scheduled to take place Tuesday morning, Dec. 22 in the Roosevelt Room in the White House. Mello will meet with President Obama, Secretary of the Treasury Tim Geithner, White House Economic Advisor Larry Summers and the Chair of the Council of Economic Advisors Christina Rome along with 11 other community bank presidents from across the nation. Key topics for the meeting include the community banker's positions on the regulatory reforms, the issues facing community banks and the governmental support is needed to stir economic recovery.
Founded in 1917, Solvay Bank is the oldest independent commercial bank headquartered and operating in Onondaga County and is committed to providing its customers with the very best in financial products and customer service. Solvay Bank has a Main Office located at 1537 Milton Avenue in Solvay and six branches conveniently located in Fairmount, Camillus, Liverpool, North Syracuse, downtown Syracuse and Westvale. Solvay Bank also owns a full service general insurance agency, Solvay Bank Insurance Agency, Inc. The Solvay Bank Web site can be found at solvaybank.com.