Jonathan Baird

Chief Financial Officer

Jonathan Baird, CFP, is chief financial officer of Peoples Bank of Magnolia, a small, family-owned community bank in rural southwest Arkansas.

Underbanked

FDIC’s rate caps threaten efforts to serve the underbanked

The agency’s flawed methodology for determining interest rate caps on certain accounts poses risks for banks offering free, low-deposit checking and the financial system more broadly.

By Jonathan Baird

November 14