Edward L. Yingling will retire as president and CEO of The American Bankers Association Dec. 31, the association announced today.

"Last December, Ed informed the ABA Executive Committee that he wished to begin the planning process for his retirement at the end of 2010," ABA Chairman Arthur Johnson said. "For 25 years, first as head of government relations and then as president and CEO, Ed has led the banking industry in Washington through many challenges. He leaves with the appreciation and respect of bankers across the country, and we are pleased that he has agreed to consult with ABA on business, regulatory and legislative matters after he retires from the association."

"After 25 years at ABA, I believe this is the best time to create the opportunity for new leadership," Yingling said. "The conference report on the reform legislation is written, the historic merger of ABA and America’s Community Bankers has been successfully completed, and ABA has been restructured to best serve the industry for the future. Leaving ABA at the end of a Congress and with sufficient time to implement a succession plan will ensure the best possible transition."

Yingling, 61, indicated that he plans to stay active in the industry. In addition to working on legislation and regulation, he may return to the practice of law.

"For two and a half decades, I have had the incredible opportunity to work with bankers from every part of the country and to serve with ABA’s dedicated staff. I will forever be grateful for that opportunity," he said.

ABA has created a search committee composed of board members and former officers of the association to look for Yingling’s replacement. Both internal and external candidates will be considered. The committee has retained Korn/Ferry to assist in the search.

The association, which was formed in 1875, represents banks of all sizes and charters and is the voice for the nation’s $13 trillion banking industry and its 2 million employees.