From: Laurie Rosner [mailto:lrosner@rockvillebank.com]
Sent: Wednesday, April 14, 2004 5:43 PM
To: Comments
Cc: William J McGurk (E-mail)
Subject: EGRPRA Burden Reduction Comment
MEMO
TO: comments@fdic.gov
FROM: Laurie Rosner - lrosner@rockvillebank.com
DATE: Wednesday, April 14, 2004
SUBJ: EGRPRA Burden Reduction Comment
CC: William J. McGurk, President & CEO, Rockville Bank
___________________________________________________________
It appears that there is a growing passion among community bankers
regarding
the increasing regulatory burden.
Increasing regulatory burden and costs is a sure way to make it
harder for
community banks to compete among mega, regional financial institutions.
Towering regulatory burden may take away de novo growth options because
of
the existing regulatory environment. Increasing regulatory burden
is
counter to ensuring long-term competitive environment where the consumer
chooses a mega, regional, or local community bank.
Laurie A. Rosner
lrosner@rockvillebank.com
Senior Vice President
Marketing and Administrative Services Officer
Rockville Bank
860-291-3616
