Speaker Madigan's Summit Meetings Winding Down; Thanks for Testifying!

As reported here previously, Speaker Michael Madigan and the Illinois House of Representatives released a schedule of statewide hearings designed to determine the impact of increased fees upon Illinois' businesses. The regulatory fee increase sustained by state-chartered banks, savings banks, and thrifts in May 2003 is one of the fees that has been discussed at the hearings. CBAI was directly contacted by Speaker Madigan's office and invited to participate in these hearings. CBAI, along with the other co-plaintiffs in our judicial proceedings against the State, believe that these hearings provide an excellent opportunity to strengthen our arguments in favor of repealing the regulatory fee increase and preserving the dedicated bank funds. CBAI would like to take this opportunity to thank the following member bankers who have participated or who have agreed to participate at these hearings: Mr. James Dingman
Chairman, President & CEO
BankOrion

Mr. Steve Gaddis
CEO
Northwest Bank of Rockford

Mr. Dave Schroeder
President/CEO
American Enterprise Bank, Buffalo Grove

Mr. Jim Ashworth
President/CEO
Carlinville National Bank Shares, Inc.

Mr. Peter Brummel
Senior Vice President
Grundy Bank

Mr. Brian DiBona
President/CEO
Prairie Community Bank, Marengo

Mr. Larry Maschhoff
President/CEO
Bank of Illinois in Normal

Mr. Marty Schmidt
Senior Vice President
First Community Bank & Trust, Beecher

Mr. Tom Hansen
Senior Vice President
First Community Bank of Elgin

Mr. Bernie Gray
Chairman/CEO
Farmers & Merchants Bank of Hutsonville

Jim Ghiglieri
President/CEO
Alpha Community Bank, Toluca

Jim Eckert
President/CEO
Anchor State Bank

If you are interested in testifying at one of the remaining hearings (see attached list) please contact Bryan Soady at 217/529-2265 or via email at bryans@cbai.com. CBAI can supply you with the necessary material for testimony, if desired.