In Brief: Agenices Eye Sharing Of Banks' Top Officials

The four regulatory agencies may allow small banks to share directors and other top officials with bigger banks in their area.

To give small banks a bigger pool of qualified candidates for management positions, the regulators released a plan Dec. 29 that would let banks with less than $20 million in assets share directors, trustees, presidents, and other officials, like branch managers, who work for larger banks in the same metropolitan statistical area.

But management-sharing between two banks of any size remains illegal if the banks share a community - a smaller government-designated area than a metropolitan statistical area.

Comments on the plan are due Feb. 27.