Nine new members named to community banking advisory committee

April 6, 2021 FDIC 0

Nine new members of the community banking advisory committee for the federal insurer of bank deposits were named Tuesday by the agency; a first meeting of the panel with the new members is set for next week.

In a release, the Federal Deposit Insurance Corp. (FDIC) said the new members of the Advisory Committee on Community Banking will join the eight continuing members of the group – made up of representatives of community banks from a cross-section of the country – in sharing input with the agency on a broad range of policy and regulatory matters facing community banks.

The FDIC said the new members of the committee are:

Mike Bock, CEO, Dairy State Bank, Rice Lake, Wis.
Harold Horvat, President, CEO & Chairman, Centreville Bank, West Warwick, R.I.
Betsy Johnson, President & CEO, Solutions Bank, Forreston, Ill.
Cindy Kitner, President & CEO, Jefferson Security Bank, Shepherdstown, W.Va.
Bruce Lowry, President & CEO, Ireland Bank, Malad City, Idaho
Neil McCurry, Jr., President & CEO, Sabal Palm Bank, Sarasota, Fla.
Margaret Oldner, CEO, Stone Bank, Mountain View, Ark.
Andrew West, President & CEO, Eagle Bank, Polson, Mont.
John Wharton V, President & CEO, Yampa Valley Bank, Steamboat Springs, Colo.

On April 13, the agency said, the committee will meet to discuss local banking conditions as well as FDIC research relating to community banking and agricultural lending. The agenda also includes updates on supervision matters, the work of the Minority Depository Institutions (MDI) Subcommittee, and the FDIC Office of Innovation (FDiTech).

Continuing members of the committee are:

Shaza Andersen, CEO, Trustar Bank, Great Falls, Va.
Sarah Getzlaff, CEO, Security First Bank of North Dakota, New Salem, N.D.
Stephen Hayes, Chairman & President, Dakota Prairie Bank, Ft. Pierre, S.D.
Kenneth Kelly, Chairman & CEO, First Independence Bank, Detroit, Mich.
Teri Messerschmitt, President & CEO, South Ottumwa Savings Bank, Ottumwa, Iowa
Patty Mongold, Chairperson, President & CEO, Mt. McKinley Bank, Fairbanks, Alaska
Gilbert Narvaez, Jr., President & CEO, Falcon International Bank, Laredo, Texas
Mark Pitkin, President & CEO, Sugar River Bank, Newport, N.H.

FDIC Names New Members to Advisory Committee on Community Banking

Still another assessed fine, prohibited, after involvement in troubled loan program at Michigan bank

April 18, 2024 0

Another individual associated with a troubled lending program at a Southfield, Mich., bank has been ordered to pay a $400,000 civil money penalty (CMP), the national bank regulator said Thursday. The Office of the Comptroller of the Currency (OCC) said [...]
Credit union regulator seeks comments on how to improve, update records retention rules

April 18, 2024 0

Finding methods for improving and updating the records preservation program regulations and accompanying guidelines of the federal credit union regulator is the goal of an advance notice of proposed rulemaking (ANPR) issued Thursday by the agency’s board. The National Credit [...]
Ombudsman’s report notes banker frustration over lack of communication with FDIC

April 18, 2024 0

Challenges faced by the federal bank deposit insurance agency in its supervisory processes and the feedback received from regional ombudsmen and bankers are outlined in the agency ombudsman’s annual report, issued Thursday. The 2023 report from the Federal Deposit Insurance [...]
OCC publishes semiannual interest rate risk report for midsize, community banks

April 18, 2024 0

Interest rate risk (IRR) data gathered during examinations of midsize and community banks and federal savings associations (FSA) by the national bank regulator was published Thursday by the agency. The report, the Office of the Comptroller of the Currency’s (OCC) [...]
False claims about student loan costs, graduate hiring rates lead to action against for-profit school, CEO

April 17, 2024 0

Deceiving students about the cost of loans and making false claims about graduates’ hiring rates have led to a consent order and a civil money penalty (CMP) against a San Francisco-based, for-profit vocational school and its CEO, the federal consumer [...]
‘Cautiously optimistic’ economic outlook noted in latest Beige report

April 17, 2024 0

Mixed results on consumer spending, “roughly flat” bank lending and some increases in residential construction and tourism were noted by the Federal Reserve in its April Beige Book report on economic conditions. The report is based on information collected on [...]

Related