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OTS Director Gilleran a "Gutsy" Public Leader, ICBA CEO Says

Washington, D.C. (April 18, 2005) - Camden R. Fine, the president and CEO of the Independent Community Bankers of America (ICBA), issued the following statement today on the resignation of Office of Thrift Supervision Director James E. Gilleran:

Jim Gilleran has been a powerful, consistent champion of reducing regulatory burden, and recognized it is a vital competitive issue for all community banks. Under his leadership, the Office of Thrift Supervision last year became the first federal agency to approve greater access to streamlined Community Reinvestment Act exams, spurring other federal regulatory agencies to take long delayed action.

Jim Gilleran is a man of action, not just words. He stood out as a gutsy public official who did not abandon his convictions or buckle from the pressure of others with different views.

Jim has served his country well. We will miss him and wish him well in his future endeavors.

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