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Southern State Bancshares, Inc.
From: Don Walsh [mailto:email@example.com]
Re: Interagency Proposal of Classification of Commercial Credit Exposures
Dear Mr. Feldman:
As president of a small bank in South Arkansas, I am writing to express my opposition to the above proposal. We have a saying " If it ain't broke, don"t fix it". I think this applies in the case of loan classification. What problems have arisen requiring the change? As a small bank trying to survive the regulatory "crush" already, my opposition is based on the following:
A. The proposed system will be more complex and more burdensome on
B. The regulators, State and FDIC, and the bankers have developed a
C. Again, what is the big problem requiring the change?
D. If a change is necessary, my use the "one size fits all"
Thank you for your consideration of my views in on this issue.
|Last Updated 05/25/2005||Regs@fdic.gov|