As many of you know, I spent six years as a bank regulator in the Securities Disclosure Division of the OCC. Since moving out to the Northwest, I have had the privilege of being involved with several hundred community banks ranging from de novos to capital raises and from enforcement actions to mergers and acquisitions. I think it is fair to say that I have seen both sides of the regulatory equation in banks throughout the U.S. and heavily in the West.
I have worked on the Bert Lance investigation, the Change in Bank Control Act, SEC Guide 3, and participated in meetings with the full SEC commission and its senior enforcement staff, as well as all of the federal banking agencies and many state banking agencies. I have witnessed the ebb and flow of the economy and regulatory environment. Recent events have compelled me to write this article about my observations regarding community banking and its future. No one has a crystal ball, but reading the tea leaves isn’t that challenging, so here we go. Continue Reading