BRUSSELS, 6 May 2019 – WSBI member the Independent Community Bankers of America (ICBA) organised on 28 April its annual capital summit in Washington, D.C.
The three-day event gave stakeholders a chance to discuss topics such as innovation in the U.S. banking sector. U.S. banking agencies are rethinking their regulatory approach to make it more agile and allow community banks to innovate, Jelena McWilliams, chair of the Federal Deposit Insurance Corporation (FDIC) said at the summit. McWilliams also pointed out that regulations in the United States often stifle innovations that can bring more unbanked consumers into the banking fold.
>>Read the full article from ICBA
The Independent Community Bankers of America creates and promotes an environment where community banks flourish. With more than 52,000 locations nationwide, community banks constitute 99 percent of all banks, employ more than 760,000 Americans and are the only physical banking presence in one in five U.S. counties. Holding more than US$4.9 trillion in assets, $3.9 trillion in deposits, and US$3.4 trillion in loans to consumers, small businesses and the agricultural community, community banks channel local deposits into the Main Streets and neighborhoods they serve, spurring job creation, fostering innovation and fueling their customers' dreams in communities throughout America.