Meeting Coverage

Numerous tax changes proposed in Congressional bills

Congressional spending proposals are expected to have fewer adverse impacts for community banks than originally anticipated but still require further evaluation, said Eide Bailly partners Paul Sirek and John Fischer during the Bank Holding Company Association’s annual fall conference.  [Continue]

Community banks’ location, reputation key attractions in M&As

Community bank leaders looking to sell their institutions can create more value through growing organically and by highlighting their location and status as legacy financial institutions, says Kirk Hovde, managing principal and head of investment banking at Hovde Group. Hovde and Curtis Carpenter, Hovde senior managing director, discussed the challenges and opportunities they see in future bank consolidations on Monday during the Bank Holding Company Association Conference in Bloomington, Minn.  [Continue]

SBA: Outreach during pandemic sparked economy, community banks

SBA Administrator Isabella Casillas Guzman said her organization has strengthened its  relationship with community banks by increasing its number of preferred lenders and helping bankers navigate a sometimes complicated lending process. Guzman’s Aug. 16 comments came during a roundtable in downtown St. Paul as part of a nationwide tour intended to highlight the nation’s economic recovery from the pandemic and emphasize the importance of vaccinations to ensure further growth. [Continue]

Financial inclusion promoted at ABA Summit

Sen. Sherrod Brown (D-Ohio) asked bankers to keep “an open mind” as he refocuses the attention of the Senate Banking Committee on housing and urban affairs in addition to its traditional focus on banking. “This committee for too long has been all about Wall Street banks,” said the committee’s chair. “This means you all won’t like everything we do. It’s not personal. It’s about approaching the economy in a different way.” [Continue]

Bowman addresses Fed’s approach to community banking supervision

The Federal Reserve Board is putting an increased focus on renewable technology, according to a speech from Governor Michelle Bowman. The former Kansas state bank commissioner addressed community bankers about the Fed’s approach to regulation and supervision at the American Bankers Association Conference for Community Bankers on Feb. 16. [Continue]

Economy strengthening but rates likely to remain low next three years, Evans says

Although the economy is likely to improve in 2021, inflationary pressures are expected to be minimal which means interest rates are not expected to rise anytime soon. That is how Charles Evans, president of the Federal Reserve Bank of Chicago since 2007, summarized the economic outlook in an event jointly held by the Indiana Bankers Association and the Wisconsin Bankers Association. [Continue]