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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank



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FDIC Federal Register Citations

September 1, 2002

As the CEO of MidCarolina Bank I am writing to respond to this proposed rule. Once again the small community bank is painted with the same brush that regulators often use when they rush to fix a problem. This proposed rule will add increased cost to this and many other small financial institutions with little regard to how it can be effectively implemented. I urge you to carefully examine the process that is undertaken to solve this challenge. I look forward to your progress in helping smaller entities not bear the same brunt that the larger institutions can absorb much more easily.

Randolph J Cary Jr.
 President and CEO

Last Updated 09/05/2002 regs@fdic.gov

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