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Home > Regulation & Examinations >
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FDIC Federal Register Citations First State Bank
From: Jay Rehnstrom
Sent: Friday, June 10, 2005 10:40 AM To: Comments Subject: Docket Number OP-1227
Dear Sirs:
I strongly oppose the Interagency Proposal on the
Classification of Commercial Credit Exposures. This would be very
detrimental to our small, $23 million dollar asset bank. Our internal
methods for analyzing credit risk is more than sufficient for both us and
our examining authorities with our level of classifications below 2% of
capital. Ultimately any cost of more regulation will be paid by our
customers which would also not be a positive thing. Thank you for giving
my concerns attention.
Sincerely,
Jay R. Rehnstrom
President
First State Bank
123 Main St.
Sioux Rapids, IA 50585
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Last Updated 06/13/2005 | Regs@fdic.gov |
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