ICBA President and CEO Rebeca Romero Rainey discussed the importance of community banks to small businesses and local communities in remarks before the American Enterprise Institute.
At an event premised on the question of whether community banks would survive the 21st century, Romero Rainey said that despite challenges, the industry will thrive as it embraces opportunities for innovation and serving the unique needs of local borrowers.
On a panel discussion with former FDIC Vice Chairman Thomas Hoenig and others, Romero Rainey touted the strength and resiliency of community banks’ relationship-based business model while highlighting the need for a level playing field and tiered, proportionate regulation for the nation’s community banks.
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