Home > Regulation & Examinations >
Laws & Regulations > FDIC
Federal Register Citations |
|||
FDIC Federal Register Citations Premier Bank
From: Wade Gort
Sent: Friday, June 17, 2005 9:50 AM To: Comments Subject: Proposed classification changes Good Morning Mr. Feldman: This email is in response to the Agencys proposed changes to the current classification system. Your proposed changes are not necessary and appear to more subjective than they are now. We already in our Quarterly Watch List Report to our Board of Directors analyze our risk and estimate our loss exposure based upon our knowledge of our collateral and borrowers capacity and willingness to repay their obligations. This change would be very costly to community banks and appears to be not necessary. I believe history shows that almost all bank failures and therefore risks to the Insurance Fund come from poor management decisions that this classification system would not change or improve one bit. It would appear that most bank failures today arise from fraud or greed or a combination of both. I can also foresee a great deal of examiner vs. banker debate over the amount of loss potential in a certain line of credit and assigning a rating based upon the amount of loss expected. The current system for our bank is not broken and we do not see any benefit for us to change. Therefore we request that you do not adopt this proposal and leave what isnt broken alone. Sincerely,
Wade Gort
|
||
Last Updated 06/21/2005 | Regs@fdic.gov |