Community bankers discuss concerns with FDIC chairman - WAOW - Newsline 9, Wausau News, Weather, Sports

Community bankers discuss concerns with FDIC chairman

WAUSAU (WAOW) - Community bankers from across the state met Monday to voice their concerns about the banking industry.

About 20 bankers spoke with Representative Sean Duffy and the Federal Deposit Insurance Corporation chairman in Wausau. They discussed rules and regulations that make it more difficult for small banks to give loans. Those regulations were tightened during the recession.

Now, the FDIC chairman says those small banks in our area are doing much better. That's good for our local economy.

"We went through that severe financial crisis in 2008 and 2009, but the banking industry in the United States has been experiencing slow but gradual recovery since then," said FDIC chairman Mike Gruenberg. "And I think that's generally true of the banks here in Wisconsin."

The chairman says small, community banks account for 46% of all loans given to small businesses and farms.

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