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The Senate Banking Committee's first look at regulatory relief for small institutions provided key insights into how the panel is likely to tackle the topic legislatively this year, suggesting it could be a long and contentious debate.
February 10 -
Support for fully exempting community banks from the Volcker Rule continues to grow, but advocates fear it could be waylaid by a larger fight in Congress over changes to the Dodd-Frank Act.
February 6 -
WASHINGTON The Senate Banking Committee will hold a hearing Tuesday examining regulatory relief for small banks and credit unions, kicking off what is expected to be a central debate this term over changes to the Dodd-Frank Act.
February 4
WASHINGTON The Federal Deposit Insurance Corp. Advisory Committee on Community Banking welcomed seven new members on Wednesday.
The panel meets three times a year and has been providing advice and guidance to the FDIC on policy and regulatory issues affecting small community banks since it was established in 2009.
"The Advisory Committee has proven to be an important source of information and input for the FDIC on the many significant issues facing community banks," FDIC Chairman Martin Gruenberg said in a statement.
Members serve two year terms unless they are extended for an additional period. There are now 15 members, short of the allowed maximum of 20.
The new members joining the committee are: Roger Busse, President & CEO, Pacific Continental Bank, Eugene, Oregon; Christopher W. Emmons, President & CEO, Gorham Savings Bank, Gorham, Maine; Jack A. Hartings, President/CEO, The Peoples Bank Co., Coldwater, Ohio; Arvind A. Menon, President & CEO, Meadows Bank, Las Vegas, Nevada; Mary Ann Scully, Chairperson, President & CEO, Howard Bank, Ellicott City, Maryland; Gwen M. Thompson, President & CEO, Clover Community Bank, Clover, South Carolina; John Tolomer, President & CEO, The Westchester Bank, Yonkers, New York.
