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National Cooperative Bank Hires Timothy Grooms as Vice President, Regulatory Compliance Officer

Arlington, VA   (July 1, 2014) – National Cooperative Bank (NCB), a leading financial institution dedicated to serving cooperative nationwide is pleased to announce that Timothy Grooms has joined as the Vice President, Regulatory Compliance Officer.  Mr. Grooms brings over a decade of experience in the area of compliance and will also serve as NCB’s Bank Secrecy officer and Community Reinvestment Act Officer.     

“As compliance regulations for financial institutions continue to increase, we are very fortunate to have Timothy join NCB as our Regulatory Compliance Officer to manage all the day to day oversight and reporting of compliance and community reinvestment”, says Charles E. Snyder, President and CEO of National Cooperative Bank.

In his role, Mr. Grooms will manage all areas of regulatory compliance for NCB; including bank secrecy reporting, compliance reporting, and community reinvestment.   In addition, he will manage all regulatory risk assessments and annual regulatory compliance reports and coordinate NCB’s Regulatory Compliance Training for all employees.

Prior to joining NCB, Mr. Grooms worked for First State Bank in Winchester.  He held various roles there including Controller, Compliance Officer, Internal Auditor and Office Manager.  He has a Bachelor of Organizational Studies Degree from Northern Kentucky University and is a Certificated Community Bank Internal Auditor. 

About NCB: 

NCB is dedicated to strengthening communities nationwide through the delivery of banking and financial services for the nation's cooperatives, their members and other socially responsible organizations. Headquartered in Washington, DC, the Bank has offices in Alaska, California, New York, Ohio and Virginia. To learn more, visit www.ncb.coop, National Cooperative Bank on Facebook, or on Twitter @coopbanking.