Washington, D.C. (April 5, 2017)—The Independent Community Bankers of America® (ICBA) today is meeting at the Treasury Department to discuss how federal policymakers can address the impact of overregulation on community banks and the customers they serve. The meeting is being held under President Donald Trump’s executive order directing the Treasury Department to review existing laws, treaties, regulations, guidance, reporting and recordkeeping to determine if they promote or inhibit federal regulation of the U.S. financial system in accordance with the president’s core principles as outlined in Executive Order 13772.
The following ICBA community bankers attended today’s meeting at the Treasury Department:
- Jeff Dick, chairman, president and CEO of MainStreet Bank in Fairfax, Va.
- Steve Handke, president and CEO of Union State Bank of Everest, Kan.
- Jack Hartings, president and CEO of The Peoples Bank Co. in Coldwater, Ohio
- Ronald Paul, chairman and CEO of EagleBank in Bethesda, Md.
- Mark Schroeder, chairman and CEO of German American Bancorp in Jasper, Ind.
- Sam Vallandingham, president and CEO of First State Bank in Barboursville, W.Va.
- Noah Wilcox, chairman and CEO of Grand Rapids State Bank in Grand Rapids, Minn.
At today’s meeting, the community bankers detailed the alphabet soup of crushing federal regulations that are limiting access to credit for consumers and small businesses and inhibiting economic and job growth in local communities. The community bankers spotlighted ICBA’s pro-growth Plan for Prosperity regulatory relief platform, which contains nearly 40 separate legislative recommendations to alleviate excessive burdens and unleash community bank lending while preserving consumer protections. The plan and additional regulatory relief proposals are among ICBA’s top policy priorities for 2017.
“ICBA strongly supports the commitment that Secretary Mnuchin and the rest of President Trump’s administration have shown to meaningful regulatory relief that will allow the nation’s community banks to fund and spur economic activity and prosperity,” ICBA President and CEO Camden R. Fine said today. “Following the recent community banker meeting at the White House and amid ongoing efforts by Congress to address community bank overregulation, we have an opportunity to truly take on the regulatory burdens that get between community bankers and consumers, harming economic growth throughout America.”
The Independent Community Bankers of America®, the nation’s voice for more than 5,800 community banks of all sizes and charter types, is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education and high-quality products and services. For more information, visit ICBA’s website at www.icba.org.