“What a great time for us to demonstrate who we are,” says Derek Williams. “What a great time to talk about what makes the community banking model different.”
The president and CEO of Georgia’s Century Bank and Trust and newly minted ICBA chairman believes that the failures of Silicon Valley Bank and Signature Bank in late March are an opportunity—an opportunity to show that community banks’ relationship-based business model sets them poles apart from the risky practices of megabanks like SVB.
He and ICBA president and CEO Rebeca Romero Rainey talk to host Charles Potts about what happened to SVB, the apparently lax oversight by regulators, and the government response. But most importantly, they say there has never been a better time to show Americans why community banks are the right choice.