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CBAI Urges Deposit Insurance Approvals for De Novo Community Banks

In a February 4, 2019 comment letter, the Community Bankers Association of Illinois (CBAI) urged the Federal Deposit Insurance Corporation (FDIC) to approve many more applications for deposit insurance for community banks. CBAI highlighted its years-long support for de novos and recounted its past frustrations and disappointment that since the financial crisis so few applications for deposit insurance have been approved by the FDIC. Newly chartered community banks are needed to maintain a growing, evolving and vibrant banking profession. Read CBAI Comment Letter.