CBAI Congratulates Congressman Hultgren for Ascension to Committee Leadership


CBAI has extended congratulations to Illinois Congressman Randy Hultgren (R-14) for his ascension to Vice-Chairman of the Subcommittee on Capital Markets, Securities and Investments of the House Financial Services Committee for the 115th Congress. This subcommittee has jurisdiction over capital markets, capital formation, venture capital, market structure and securities, including the Securities and Exchange Commission (SEC). CBAI looks forward to working with Congressman Hultgren on important issues that affect community banks and their communities.

January 10, 2017


SAVE the DATE: 2017 FHLB-Chicago Member Meetings

The 2017 FHLB-Chicago Member Meetings are coming to a city near you this spring. Agenda topics include balance sheet management strategies, strategies for a changing rate environment, 2017 economic outlook, and the FHLB-Chicago's 2016 financial results. Watch for your meeting invitation with event registration dates to arrive soon. Read More.


CMS Lists Banks Participating in Payroll Gap Assistance Loans

This is just a reminder that in 2015 the Illinois Department of Central Management Services (CMS) created a website listing financial institutions that will participate in Payroll Gap Assistance (PGA) Loans if the ongoing budget impasse or court rulings prevent the State of Illinois from issuing paychecks to state employees. In June, the Governor and the Legislature agreed to a six month “stop gap” budget that is scheduled to expire December 31, 2016. It does not seem likely a deal will be reached for a state budget prior to the expiration of this temporary budget, and the issue of paying state employees could be revisited. Illinois community banks that would like to be listed on the CMS site should complete the registration form.


CBAI Promotes Community Banks and Their Small Business Lending

The Daily Herald, suburban Chicago’s information source newspaper, recently interviewed CBAI’s David Schroeder on community banks and small business lending. In the subsequent article titled A Look at Community Banks and Small Business Lending, Schroeder stated that community banks have earned a strong reputation as lenders of choice for small businesses. He emphasized that community banks’ ability to maintain dominance in small business lending underscores the importance they place on customer-focused relationships that can’t be matched by the mega banks and online lenders. He also noted that small businesses can best help themselves by working with local community bank lenders that support their business model. Read Daily Herald Article


CBAI Thanks Congressman Hultgren for Pressing Regulators on Call Report Regulatory Relief

RandyHultgrenCBAI thanks Illinois Congressman Randy Hultgren (R-14th) for leading a Member Letter to the banking regulators questioning their reluctance to provide meaningful Call Report regulatory relief. Congressman Hultgren reiterated the purpose of his legislation, the Community Bank Reporting Relief Act (H.R. 4500), which would require the Agencies to issue regulations allowing for a short-form call report for highly-rated and well-capitalized community banks to use for the first and third quarter. In the Member Letter, Congressman Hultgren put forth specific questions regarding the regulator's objections and concerns to implementing a short-form report. Read Member Letter.

CBAI has been a strong proponent of Call Report regulatory relief. In an October 14th detailed comment letter, CBAI urged the regulators to provide additional Call Report regulatory relief for well-capitalized and highly-rated community banks under $10 billion in assets. This was the latest in a series of CBAI initiatives supporting Call Report relief dating back to support for an ICBA petition in August of 2014, an EGRPRA comment letter to FFIEC in September of 2014, and a comment letter to FFIEC in November of 2015. Read CBAI’s Comment Letter to the Regulators.

November 16, 2016