The Independent Community Bankers of America sent a letter to Treasury Secretary Tim Geithner on Wednesday asking that a broad pool of community banks be made eligible for a proposed $30 billion small-business lending program.
Camden Fine, the group's president, wrote that the program should be open to any bank with a Camels 3 rating or better and available to Camels 4 banks if they have regulatory approval.
Fine also said that all types of banks, including Subchapter S institutions, mutual banks and holding companies, should be allowed to participate.
