Community Banking Conference 2016 Highlights
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:
- Viability of the community banking model
- Regulatory developments as they pertain to community banks
- Ways that technology affects community banks
- 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:
- Hosted a panel discussion at a meeting of the FDIC Advisory Committee on Community Banking about the millennial generation and their banking preferences.
- Conducted three outreach meetings with more than 100 industry participants to provide guidance about the formation of de novo institutions.
- 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.
- 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
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).
Additional Related Topics:
- Press Release