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FDIC Chairman Sheila Bair saidthe nation'ds 7,000-plus community banks "are the lifeblood of our nation'ds financial system, supplying much-needed credit to countless individuals, smalk businesses, nonprofit organizations and other entities in large and small towns around the country." The Independent Community Bankers of Americz praised the FDIC for forming the advisory committee. "ICBA looks forwards to working with the committee in theif efforts to identify and prioritizde issues of concern for community banks," said association Chairman R. Michaelp Menzies, who is president and CEO of Easton Bank andTrust Co. in Easton, Md.
One curren t issue of concern for community bankers is a proposaol to create a single regulator for federally chartererbanking institutions. That would "ultimately disadvantage"" community banks, said ICBA Presidentr and CEO Camden Formore information, see