Last Updated on October 9, 2017 by cassnetwork
Pictured on Speaker Paul Ryan’s balcony from left: IBA Chair Annette Russell, President and CEO of Security Federal Savings Bank, Amber Van Til, Indiana Bankers Association and president and CEO, Congressman Trey Hollingsworth, House Financial Services Committee Member, and David Findlay, president and CEO of Lake City Bank, Warsaw.
LOGANSPORT, IN – Community bankers around the country gathered in Washington this past week to discuss the regulatory challenges currently facing community banks across the country, according to Annette Russell, President and CEO of Security Federal Savings Bank.
Russell, who attended the ABA Community Bankers Council meeting October 2-4, said the bankers talked at length about regulatory issues that might impact the nation’s 6,000 hometown banks and their communities.
“Community banks are such a vital part of our financial industry’s infrastructure,” said Russell. “The strength and success of these banks have a great impact on the vitality of the communities they serve.”
Topics receiving attention were tax reform and other legislative priorities, regulatory issues, cybersecurity, digital innovation and strategy, bank consolidation, and diversity and inclusion. Council members also had a chance to exchange ideas on data security, payments and deposits.
The ABA Community Bankers Council, which meets twice a year, is made up of approximately 100 bankers from institutions with generally less than $3 billion in assets. Members are appointed by the ABA chairman.
Security Federal Savings Bank is stationed in Logansport, Indiana with branches in Lafayette, Delphi and Kokomo. Since 1934, Security Federal has been the primary loan originator in Cass County and is a mutual financial institution that offers quality banking, investment services and trust services using the latest technology available. Visit www.Secfedbank.com or call 574-722-6261 for more information.
SOURCE: News release from Security Federal Savings Bank