SMALL BANK REGULATORY RELIEF?

Last month all of the federal financial institution regulatory agencies showed up at Independent Community Bankers of America’s national convention and told those in attendance what they wanted to hear. “The future of community banking is a major priority.” “We have undertaken a review of the history of community banking.” And my favorite, “Where it makes sense to treat community banks differently from larger institutions, we have pledged to consider doing so.”

Not a single regulator said, “We will reduce your burden.”

So, now we continue to wait for the new regulations to arrive. We know there will be a mountain of new regulations. My guess is that the new regulatory requirements will be every bit as burdensome for a small bank as for a large bank.

Those who believe small banks will receive any significant regulatory relief probably also believe in the Easter bunny, and I hope the bunny brings you a lot of goodies on Sunday.

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