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Community Banking Conference 2016 Highlights

January 06, 2017 / Source: FDIC

Financial Institution Letters
FIL-3-2017


Printable Format:

FIL-3-2017 - PDF (PDF Help)

Summary:
The FDIC is providing highlights from the Community Banking Conference held April 6, 2016 themed Strategies for Long-Term Success. Four conference panels discussed the community banking model; regulatory developments; managing technology challenges; and ownership structure and succession planning. In addition, the FDIC is sharing information about steps taken to-date in response to issues raised at the Conference.
Statement of Applicability to Institutions With Total Assets Under $1 Billion: This Financial Institution Letter shares information that may be of interest to all FDIC-supervised Community institutions.
Highlights:

  • Given the vital role community banks play in the U.S. financial system and economy, the day-long conference drew more than 250 community bankers and other industry participants.
  • Four separate panels explored the following critical challenges for community banks:

    o    Viability of the community banking model
    o    Regulatory developments as they pertain to community banks
    o    Ways that technology affects community banks
    o    How community banks are managing ownership structure and succession planning

  • The FDIC has taken steps to respond to issues raised at the conference. The FDIC:

    o    Hosted a panel discussion at a meeting of the FDIC Advisory Committee on Community Banking about the millennial generation and their banking preferences.
    o    Conducted three outreach meetings with more than 100 industry participants to provide guidance about the formation of de novo institutions.
    o    Issued for public comment a handbook for organizers of de novo institutions, describing the process of applying for federal deposit insurance and providing instruction about the application content.
    o    Hosted a meeting with representatives of the industry and educational institutions to explore opportunities to partner in developing the next generation of community bankers.

  • The FDIC recognizes the critical role that community banks play in the U.S. financial system and remains committed to helping community banks address existing and emerging challenges.

Distribution:
FDIC-Supervised Banks (Commercial and Savings) and FDIC-Supervised Savings Associations
Suggested Routing:
Chief Financial Officer
Chief Accounting Officer
Call Report Preparer
Related Topics:
FDIC Community Banking Conference: Strategies for Long-Term Success
Press Release: FDIC Announces Community Banking Conference "Strategies for Long-Term Success"
Contact:
Chief Economist, Richard A. Brown (202) 898-3937 or RBrown@fdic.gov
Senior Deputy Director, Division of Risk Management Supervision, James Watkins (202) 898-6556 or JaWatkins@fdic.gov
Note:
FDIC Financial Institution Letters (FILs) may be accessed from the FDIC's website at https://www.fdic.gov/news/news/financial/2017/.
To receive FILs electronically, please visit https://www.fdic.gov/about/subscriptions/fil.html.
Paper copies may be obtained via the FDIC's Public Information Center, 3501 Fairfax Drive, E 1002, Arlington, VA 22226 (877-275-3342 or 703 562 2200).