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To: Kilber, Kenyon T.
From: Thomas C. Sellers, President, Alliance Bank
Date: June 27, 2005
Re: FIL-22-2005 Classification of Commercial Credit Exposure
Answers to questions related to FIL-22-2005
Thank you for soliciting our comments on this important matter. Alliance Bank is opposed to the modification of the current commercial loan classification categories. The bank and its officers have had previous experience dealing with active loans that are partially charged-off. The accounting is very difficult and falls outside the range of ordinary bank functions. It invariably results in misinformation to customers, additional stress on employees, and greater losses to the bank. It will be impossible to maintain accuracy and good customer service when all front line employees must check in every case for off balance sheet loan balances and interest when quoting pay-offs or current balances to the customer. Please save us much money and difficulty by canceling any plans to implement FIL-22-2005.
|Last Updated 06/30/2005||Regs@fdic.gov|