Obama to Meet 11 Community Bankers

President Obama is due to meet today with 11 chief executives of community banks, following up on a meeting with the heads of larger institutions last week.

The president is expected to try and encourage institutions to boost lending to small businesses and stress the importance of regulatory reform legislation.

Unlike larger institutions, many community bankers are already backing reg reform, however.

The Independent Community Bankers of America was one of the only industry groups to support a House bill that would make sweeping changes to the financial system.

Scheduled to attend are: Deborah Wright, CEO of Carver Federal Savings Bank in New York; Mark Schroeder, president of German American Bancorp in Jasper, Ind; James McPhee, president of Kalamzaoo County State Bank in Schoolcraft, Mich; Paul Mello, president of Solvay Bank in New York; Rebecca Romero Rainey, CEO of Centinel Bank of Taos in New Mexico; Mathew Gambs, CEO of Diamond Bancorp. In Schaumburg, Ill.; Larry Bauer, president of Planters and Merchants of Giller, Ariz.; Deloris Sims, CEO of Legacy Bank in Milwaukee; Dorothy Bridges, president of City First Bank; Cecil Gene Kirby, president of New Alliance Bank in New Haven, Conn.; and William Pierce, president of Monadnock Community Bank.

Also scheduled to attend is one representative from the credit union industry: Bill Bynum, president of Hope Community Credit Union in Madison, Miss.

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