Former, current board chairs to open, close FDIC community bank advisory group meeting

Recent legislation, regulatory burden reduction initiatives, and information on community bank research – as well as opening and closing remarks from the current chairman and former chairman of the federal deposit insurer – are all included on the agenda of the July 11 meeting of the Advisory Committee on Community Banking.

The Federal Deposit Insurance Corp. (FDIC) said in a release Thursday that the one-day meeting (from 9 a.m. to about 4 p.m.) will feature opening remarks by former board chairman (and current board member) Martin Gruenberg, and closing remarks by current Chairman Jelena McWilliams. Named to the job by President Donald Trump in December, McWilliams took her seat at the head of the deposit insurer’s board June 5 after confirmation in May by the Senate. She succeeded Gruenberg, who had served as chairman since 2012.

In addition to the legislation and regulatory reduction initiative updates and community bank research updates, the advisory committee will hear updates on supervision from the agency’s ombudsman. A short (15-minute) presentation is also set on FDIC assessment credits.

The committee provides input to the FDIC on a wide variety of topics, including current examination policies and procedures, credit and lending practices, deposit insurance assessments, insurance coverage, and regulatory compliance. It was set up in 2009.

The meeting is open to the public and will be webcast live, the FDIC said.

FDIC Announces Meeting of Advisory Committee on Community Banking

Calendar: FDIC Advisory Committee on Community