Community bankers, from towns large and small all over America, are deeply rooted in home soil—and well organised
of the guests reflects the clout of the hosts. In a posh Washington hotel, two powerful visitors—first Maxine Waters, the Democrat who chairs the House of Representatives’ financial-services committee, and then Mike Crapo, the Republican head of the Senate banking committee—address a roomful of well-breakfasted bankers. After the speeches and a few polite but pointed questions, the bankers head to lobby Capitol Hill.
Community bankers are at last finding their regulatory burden easier to shoulder. They groaned even more than big banks under the Dodd-Frank act, which bulked up the rule book after the crisis. In 2017 President Donald Trump promised them, during that year’s outing to the capital, that he would lighten their load. Tim Zimmerman, who runs Standard Bank, a Pittsburgh lender with assets of $1bn, detects “a difference in the tone at the top” of supervisory agencies, which all have new leaders.
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