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Community banks seek statutory clean-up to align capital definitions and keep public deposits
Summary
On March 27 community-bank representatives told the House Committee on Commerce and Consumer Protection that House Bill 2,971 would modernize Oregon banking law by aligning statutory capital language with federal supervisory terms and clarifying that community banks using the Community Bank Leverage Ratio can continue to accept public deposits.
Representatives of Oregon community banks told the House Committee on Commerce and Consumer Protection March 27 that House Bill 2,971 is a technical modernization of state banking law intended to align statutory capital definitions and public-deposit rules with federal supervisory practice.
Kevin Christiansen, government affairs director for the Oregon Bankers Association, said the measure would change…
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