While the Comptroller of the Currency continues to supervise most of the country’s largest banks, the percentage of state banks in relation to all banks has been growing for years, a fact not lost on Gary Kahn, president of FNNB Bank, Newton, Iowa.
Attending an OCC outreach program in July 2015, Kahn noted a mention of the decline in the number of national banks in Iowa. From 41 in 2008, the figure had fallen to 23 as of that meeting. When he sought out some of the bankers who had converted their banks to state charters, they told Kahn . . .
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