White House meeting focuses on regulatory relief to ‘Make Community Banking Great Again’
Washington, D.C. (May 8, 2017) — William R. Trezza, CEO, BAC Community Bank, Stockton, California joined more than 100 community bankers and the Independent Community Bankers of America® (ICBA) this week for a meeting with President Donald Trump and other top administration officials at the White House as part of the 2017 ICBA Capital Summit [http://www.icba.org/advocacy/icba-capital-summit/]. In the meeting with President Trump, Vice President Mike Pence, NEC Director Gary Cohn and Small Business Administration chief Linda McMahon, Trump said the administration is focused on addressing regulatory burdens to help community banks lend to small businesses.
“BAC Community Bank was deeply honored to be invited to attend today’s historic meeting, where the president reiterated his support for community banking,” said Trezza. “BAC Community Bank is proud to be in Washington this week to advocate on behalf of our industry so we can continue to serve our community and be a powerful job creator and economic engine right here in the Central Valley and Delta region.”
During the meeting community bankers presented President Trump with a red “Make Community Banking Great Again” cap. In attendance at the meeting were community bankers from ICBA’s
Executive Committee, board of directors, Federal Delegate Board, and policy committees.
More than 1,000 community bankers are in Washington this week for ICBA’s Capital Summit to discuss critical issues facing community banks and their communities, such as excessive regulatory burdens that affect their ability to serve their customers, make loans and create jobs. The industry’s solution to the regulatory burden problem — ICBA’s Plan for Prosperity [http://www.icba.org/advocacy/industry-issues/plan-for-prosperity] — is a pro-growth platform to eliminate onerous and unnecessary regulatory burdens that inhibit lending and innovation.
The summit features meetings this week with policymakers, remarks from speakers such as Secretary Mnuchin and House Financial Services Committee Chairman Jeb Hensarling (R-Texas), and the first-ever ICBA Future of Banking Symposium [http://www.icba.org/advocacy/icba-capital-summit/future-of-banking-symposium], which offers insights into the future of the rapidly changing community banking industry.
“The nation’s community banks are dedicated to fostering local economic and job growth by serving the consumers and small businesses in their communities,” said ICBA Chairman Scott Heitkamp, president and CEO of ValueBank Texas in Corpus Christi, Texas. “Unfortunately, one-size-fits-all regulations are preventing community banks from lending and promoting prosperity at the local level. ICBA looks forward to continuing to work with President Trump, his administration and Congress to advance common-sense reforms that will help unleash the economic power of community banks.”
The Independent Community Bankers of America®, the nation’s voice for more than 5,800 community banks of all sizes and charter types, is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education and high-quality products and services. For more information, visit ICBA’s website at www.icba.org.
About BAC Community Bank
BAC Community bank operates 11 branch offices throughout San Joaquin, Stanislaus, and eastern Contra Costa counties and is identified as “one of the strongest financial institutions in the nation” by BauerFinancial, Inc. The bank first began business in the town of Brentwood over 50 years ago and remains focused on providing high quality local community banking to the families and businesses it serves.
In addition to full service traditional banking, this family-owned bank provides such cutting edge business banking services as remote deposit capture, positive pay, and lockbox. Consumer offerings include KASASA® deposit accounts, MobiMoney™ debit card manager, mobile banking with mobile deposit and mobile bill pay, as well as person-to-person money transfers through text messaging or email.
BAC Community Bank is a member of the Federal Deposit Insurance Corporation and is an Equal Housing Lender. More information and online account opening are available at www.bankbac.com.