Logo: Independent Community Bankers of America - ICBA The Nation's Voice for Community Banks (R)

Graphic: Arrow Forgot password?
Graphic: Arrow Request Login
Contact ICBA Site Map Search ICBA
ArrowICBA Home
ArrowAbout ICBA
ArrowAbout Community Banking
ArrowConsumer Education & Resources
ArrowIndustry Resources
ArrowMarketing Resources
ArrowMembership/Nat. Solutions Group
ArrowPress Room
ArrowSocial Media
ArrowMain Street Market®

Members Only = Access Restricted
Last update: 10/20/14

ICBA News Release Header


ICBA Statement on FDIC’s Decision to Hold Hearings on Wal-Mart Bank Application

Washington, D.C. (February 23, 2006)— Camden R. Fine, president and CEO of the Independent Community Bankers of America released the following statement regarding the Federal Deposit Insurance Corporation’s announcement that it will hold four days of hearings on the application for deposit insurance by the proposed Wal-Mart Bank:

“ICBA applauds the FDIC for its decision to hold hearings to gather public input on the issues of national importance presented by Wal-Mart’s application for a federally insured Utah industrial loan company.

Allowing the world's largest commercial enterprise to breach the wall separating banking and commerce presents major public policy issues that should be thoroughly debated by regulators and lawmakers before any decision is made to allow Wal-Mart to enter banking. 

ICBA looks forward to participating in the hearings.”

ArrowsPrintable version

Button: Share

All contents copyright 2014 Independent Community Bankers of America. All rights reserved.
Privacy Statement | Legal Notice