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

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FDIC Federal Register Citations

From: Gordon Silaski []
Sent: Monday, October 24, 2005 5:56 PM
To: Comments
Subject: EGRPRA Burden Reduction Comment

The chairman of Twin City Bank is a successful real estate developer.  His real estate investment activity predates by many years his involvement with the bank.  He and his family members hold various real properties in many different legal entities.
Because of his status as an executive officer he must continually update and present a listing of all credit facilities with FDIC insured institutions.  That list is substantial.  Furthermore, it is disappointing this institution cannot lend on any of his projects solely on the grounds of his status as an executive officer.  Such limitations should be no different than those imposed on other board members subject to Reg O.
Please consider revisions that might ease the reporting burden and enable more flexibility for executive officers with outside, unrelated interests with borrowing needs.
Thank you for the opportunity to comment.
Gordon Silaski
SVP and Chief Lending Officer
Twin City Bank
Little Rock, Arkansas

Last Updated 10/25/2005

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