CBAI Regional Vice Chairman Shawn Davis, Chairman Richard Walden and Larry Franklin of CNB Bank and Trust, N.A., Carlinville, hosted a roundtable discussion with Congressman Rodney Davis (R-14) and District Staff Assistant Erik Hamilton in Alton to discuss a variety of topics of interest to community banks.
The community bankers began the roundtable by thanking Congressman Davis for voting in favor of S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act. This legislation will provide wide-ranging, long-overdue and meaningful regulatory relief for community banks. Additional opportunities for regulatory relief were discussed.
Congressman Davis is a Conferee on the Farm Bill and he explained how that process should proceed in the coming weeks. Discussions on economic issues centered on the challenges facing rural communities, including attracting and retaining young professionals and the impact of tariffs on area businesses.
The community bankers shared their issues and concerns with existing or proposed regulations including: HMDA; the beneficial ownership rule; the modernization of the CRA, GSE reform; payments-system improvements, and a successful resolution of the federal/state disconnect in banking legal business in the marijuana industry.
Congressman Davis appreciated the opportunity to meet with local community-bank leadership and the community bankers expressed their sincere appreciation to the Congressman for taking the time to visit with them about their issues and opportunities.
September 4, 2018