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Federal Deposit
Insurance Corporation

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

The 2013 Interagency Minority Depository Institution and CDFI Bank Conference

 

Plenary Sessions
Industry Overview

Panel Moderator
Michael Grant President, National Bankers Association, Washington, DC
Panelists
Arturo Carrion  Executive Vice President, Puerto Rico Bankers Association, San Juan, PR
Ross Hill  CEO, Bank 2, Oklahoma City, OK
Jeannine Jacokes Chief Executive, Community Development Bankers Association
Alan Thian  President, National Chinese-American Bankers Association and President & CEO, Royal Business Bank, Los Angeles, CA
Rebeca Romero Rainey Chair, ICBA Minority Bank Council and Board Chair & CEO, Centinel Bank of Taos, Taos, NM
Overview 
Minority and CDFI trade groups and CEOs, representative of banks serving African-American, Asian-American, Latino-American, and Native-American communities, explored several themes, including, “How we are the same, how we are different, and how we can work together.”  They discussed how they serve different types of minority communities and their views for the future.
General Discussion

The leaders of trade organizations that represent African-American, Asian-American, Hispanic-American, Native-American, Puerto Rico and Community Development banks spoke of their common purpose: permitting members to work together in their respective groups to share information with each other, the public, regulators and legislators.  Citing the earlier FDIC presentation, “MDIs by the Numbers,” participants stressed that there is greater strength in numbers.  Trade groups would have more impact if they worked together toward common goals.  Many share the same concerns as other community banks.  And they all share concerns unique to serving minority communities.

The panel expressed concerns regarding the financial and social impact of proposed rulemakings, including regulatory relief, mortgage, capital, housing and small business proposals.  Some suggested that government should be more proactive in seeking their input, noting that although revisions to some of the proposals were positive steps, more could be done.  They outlined some of their efforts to influence these changes through meetings on the Hill, with regulators and at public forums.
Panelists and members of the audience noted the strong spirit of inclusion flowing through the conference itself.  As the moderator noted, “I have never seen such inclusion as I have with Bob Mooney’s efforts in bringing together this conference.”  There was a basic agreement to foster cooperation and collaboration among these different representative groups of MDIs, to bring them under the same umbrella.

Conclusion
As one participant noted, the work and influence of each alone is impressive, however, working together they would be unstoppable.  The audience responded positively to the panelists’ commitments and promises for follow-up telephone calls and meetings toward that end.

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