Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Banks and industry groups back expanding treasurer’s community-banking program and easing branch-improvement filings
Summary
Local bankers and trade groups told the Banking Committee they support expanding the state treasurer’s community banking investment program to include federally chartered institutions and federal credit unions, and urged lawmakers to remove outdated filing requirements for well-capitalized institutions seeking to renovate or open branches.
Local bankers and trade groups told the Banking Committee they support expanding the state treasurer’s community banking investment program to include federally chartered institutions and federal credit unions, and urged lawmakers to remove outdated filing requirements for well-capitalized institutions seeking to renovate or open branches.
George Herman, executive chairman of Windsor Federal Bank, described his institution as a mutually owned federal savings bank headquartered in Windsor and urged passage of Senate Bill 12-55 to clarify that federally chartered banks and credit unions may participate in the program. "The community banking program was established to support…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
