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Comment on Financial Reform Implementation

August 12, 2010

As a small bank we are already spending countless hours and resources to comply with numerous regulations. Some of the regulations are helpful. Many, however, are of little value yet come at a great cost.

It is my opinion that the best way to develop and implement regulations is to have a balanced committee of representatives from the banking, regulatory authorities, and consumer sectors to consider whether the cost of implementation is worth the expected result. Prior to implementation it should also be reviewed by those who are expected to prepare the forms to see if it is both simple and useful.

We are presently allocating a significant amount of time and money complying with regulations that are of little value to either the customer or the regulatory authorities. Thank you for your consideration.

Neil Joiner
Bank of Dooly

Last Updated 9/2/2010 FinReformComments@fdic.gov

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