CBAI Leadership Meets with House Financial Service Committee Member - Congressman Randy Hultgren (R-14th)

March 23, 2013

CBAI Chairman Rick Jameson, (Morton Community Bank) and Group Director Diana Torman, (Prairie Community Bank) joined with other bank and thrift members at a meeting hosted by the Federal Home Loan Bank of Chicago to introduce Congressman Hultgren (R-IL-14) to the FHLB-C and to discuss community bank issues.

At the beginning of the 113th Congress, Randy Hultgren was named to the House Financial Service Committee and the HFSC Subcommittee on Capital Markets and Government Sponsored Entities. This is a welcome appointment to an important committee and builds on Congressman Hultgren’s prior service on the Illinois Senate’s Financial Institutions Committee. The Congressman explained to the group that a local community bank financed his family funeral home in Chicago suburban Wheaton. As a result, he has an appreciation for and clear understanding that community banks are vital to the economic health and well being of consumers, small businesses, and their communities.

The community bankers highlighted regulatory relief as their single greatest area of concern. The cumulative effect of regulation is particularly oppressive and an impediment to community banks serving their communities. Congressman Hultgren was very supportive of regulatory relief and he committed to maintaining an open dialogue with community bankers.

CBAI thanks the Federal Home loan Bank of Chicago for hosting this meeting and leadership bankers Rick Jameson and Dianna Torman for their participation.