Recently at the a community bankers symposium in Chicago, John W. Ryan, CSBS President and CEO, stated “The well-being of community banks is directly correlated to the health of the communities they serve and collectively reflect the health of the overall economy,” Ryan also emphasized that if regulators, policymakers, and bank executives were to seek a more sustainable banking system that promotes real economic growth, they need to spend less time worrying if U.S. banks can compete with European banks, and more time focused on how to empower local banks to serve their customers.
Ryan’s full remarks are available on the CSBS website here.