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Bank of Prescott

From: Jim Franks [mailto:jfranks@iocc.com] 
Sent: Friday, June 25, 2004 3:29 PM
To: Comments
Subject: FIL 74-2004; required to obtained Assessment invoice thru FDICconnect 

 

I think our small bank is far more technologically advanced than most our size. And I personally “love” technology and the Internet. But I feel it sends the wrong message for FDIC to “force” this change. There are other technological changes that can save FDIC time and money (many I am sure it already is using) that will accomplish the same thing and still not force banks to be responsible for getting their invoice. I believe that it is FDIC’s obligation to get the invoice to my bank, not my bank’s obligation to retrieve it. If I as a homeowner contracted with a building contractor to renovate my home, I believe that it is the contractor’s obligation to get me an invoice to pay from. Same thing here.

 

Thanks.

 

Jim Franks

Executive Vice President

Bank of Prescott

Prescott, Arkansas 71857

Last Updated 06/28/2004regs@fdic.gov

 

Last Updated: August 23, 2024