American Bankers Association Law and Legal Definition

The American Bankers Association(ABA) is a professional association which represents the U.S. banking industry. The ABA was established in 1875. The head quarters of the ABA is at Washington, D.C. The ABA promotes, educates, trains, informs and supports its members.

The ABA brings together various banks. The members are companies, money center banks, savings associations, savings banks, and trust companies. The ABA functions as an advocate for its members. The association works in consumer education, research, and training efforts. Additionally, the ABA provides financial support to candidates for the U.S. Senate and House of Representatives.