For Immediate Release
Director of Marketing
The Farmers Bank
Karen I. Miller invited to participate in FDIC Regional Roundtable on the Future of Community Banking in Chicago, IL.
Frankfort, IN - Acting FDIC Chairman, Martin J. Gruenberg, along with numerous FDIC senior executives, led the discussion at an "Invitation Only” Roundtable meeting held Wednesday, May 30th, at the University of Illinois in Chicago, IL. The Chicago roundtable was the third of six regional meetings Gruenberg is hosting around the nation to further the FDIC’s efforts to study the future of Community Banking.
Miller was joined by 16 additional bankers from the FDIC’s Chicago region seated at the roundtable. Also invited were 50-80 additional attendees, including community bankers, state banking commissioners, and state bank trade association representatives from the region to listen to the roundtable discussion and participate in the question and answer session.
The roundtable discussion focused on the Financial and Operational Challenges and Opportunities and Regulatory Interaction. Various community banking issues discussed during the three and one half hour meeting were: pressures on earnings; the need for the TAG extension; availability of capital, credit unions, and recent issues with compliance exams. Other topics brought forth by the FDIC were succession planning and attracting qualified employees as well as affordable technology for the community banking industry.
The Farmers Bank is a $450 million asset organization chartered in 1876 with headquarters in Frankfort, IN. The Farmers Bank is locally owned and operated with 10 banking offices located in Central Indiana providing retail, business, trust & asset management, investment, mortgage, and electronic banking services. Member FDIC, Equal Housing Lender.