ICBA is urging community bankers to send letters to the FDIC by tomorrow’s deadline opposing proposed guidelines to establish new corporate governance and risk management standards.
About the Proposal: The FDIC proposal would require banks with $10 billion or more in assets, and some community banks of any size, to adopt new requirements and liabilities on bank boards that exceed those of state-chartering authorities and are comparable to standards imposed on the largest banks.
Letters to the FDIC: ICBA’s Be Heard grassroots action center offers a prepopulated email that community bankers can sign and send to the FDIC expressing concerns with the proposed standards and their harmful impact on the ability of community banks to attract directors.