Kansas community bankers warn consolidation is eroding local leadership
Community bank representatives told the Senate Financial Institutions and Insurance Committee that federal regulatory burdens, succession challenges and nonbank competitors are driving mergers and reducing locally based bank leadership across Kansas.
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Shawn Mitchell of the Community Bankers Association and Doug Wareham, president and CEO of the Kansas Bankers Association, told the Senate Committee on Financial Institutions and Insurance that Kansas is losing bank charters and, with them, local leadership and community investment.
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