ABA Banking Journal
No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
SUBSCRIBE
ABA Banking Journal
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
No Result
View All Result
No Result
View All Result
ADVERTISEMENT
Home Community Banking

ABA Officers, Leaders Meet with Trump at White House

March 9, 2017
Reading Time: 3 mins read

From left: ABA Chairman-Elect Ken Burgess, Laurie Stewart, ABA Vice Chairman Jeff Szyperski, Luanne Cundiff, ABA Chairman Dorothy Savarese, ICBA President and CEO Cam Fine, President Trump, ABA President and CEO Rob Nichols, Leslie Andersen, ICBA Vice Chairman Tim Zimmerman, ICBA Chairman Rebeca Romero Rainey and ICBA Chairman-Elect Scott Heitkamp.

Six of the American Bankers Association’s community bank leaders met with President Trump at the White House this morning for a “listening session” on the challenges that community banks face today and how the regulatory environment can be reformed to promote job creation and economic growth. Bankers raised topics like tailored regulation, accountability for the Consumer Financial Protection Bureau, regulation of small business and mortgage loans and the need to align regulatory capital requirements with risk.

“Community banks play a vital role in helping create jobs by providing approximately half of all loans to small businesses,” Trump said. “We must ensure access to capital for small business to grow. Community banks [are] the backbone of small business in America. We are going to preserve our community banks.”

Representing ABA members were ABA Chairman Dorothy Savarese, chairman, president and CEO of Cape Cod Five Cents Savings Bank, Orleans, Mass.; Chairman-Elect Ken Burgess, chairman of FirstCapital Bank of Texas, Midland, Texas; Vice Chairman Jeff Szyperski, chairman, president and CEO of Chesapeake Bank, Kilmarnock, Va.; Leslie Andersen, president and CEO of Bank of Bennington, Bennington, Neb.; Luanne Cundiff, president and CEO of First State Bank, St. Charles, Mo.; and Laurie Stewart, president and CEO of Sound Community Bank, Seattle.

Also participating were ABA President and CEO Rob Nichols; Independent Community Bankers of America Chairman Rebeca Romero Rainey, chairman and CEO of Centinel Bank, Taos, N.M.; ICBA Chairman-Elect Scott Heitkamp, president and CEO of ValueBank Texas, Corpus Christi, Texas; ICBA Vice Chairman Tim Zimmerman, president and CEO of Standard Bank, Monroeville, Pa.; and ICBA President and CEO Cam Fine.

“Today’s meeting is an important step toward policy changes that will allow banks to go even further in helping communities and our economy thrive,” said Nichols. “The diversity and strength of our banking industry is the envy of the world. However, in the current regulatory environment, highly prescriptive rules mean that mortgages don’t get made, small businesses don’t get created and banks find it more difficult to make the loans that drive job creation. This is particularly true for community banks.”

Treasury Secretary Steven Mnuchin and National Economic Council Director Gary Cohn also joined the listening session. “We look forward to continuing to work with President Trump, the White House team, the Treasury Department and members of Congress on both sides of the aisle to bring pro-consumer reform to our nation’s financial system,” Nichols added.

Nichols discussed the meeting afterward in a live interview on “Bloomberg Markets.” The bankers and Trump discussed ways to “make it easier and more efficient for community banks all over the United States to serve their customers, clients and communities,” he said. Also on the table were “artificial asset thresholds” that inhibit community bank growth. Nichols also told Bloomberg correspondent Kevin Cirilli that the group had discussed the wave of forthcoming appointments to financial regulatory agencies. While no names were raised, “this president definitely understands the need to have people with real-world, common-sense experience at these regulatory entities,” Nichols said.

On Fox Business’ “Cavuto Coast to Coast” program, Nichols added that the bankers discussed mortgage and small business lending regulations with Trump and that “he demonstrated an understanding to do [regulatory relief] in as expedient a manner as possible.”

Laurie Stewart — a former chairman of ABA’s Government Relations Council — appeared on CNBC’s “Closing Bell” program to discuss the meeting. “The president was listening about the layering on of regulations and the things that are impeding us from lending,” she said, highlighting the Qualified Mortgage rule and Home Mortgage Disclosure Act expansion as examples.

ADVERTISEMENT
Tags: ABA Blueprint for GrowthABA leadershipRegulatory burdenSmall business lendingTailored regulation
ShareTweetPin

Related Posts

Justice Department warns of scammers exploiting Texas floods

Justice Department warns of scammers exploiting Texas floods

Compliance and Risk
July 8, 2025

The U.S. Attorney’s Office for the Western District of Texas “is on alert” for fraudsters seeking to exploit individuals and businesses following the recent deadly floods in Texas, according to the U.S. Department of Justice.

OCC sees need for regulatory reform in bank merger process

Business First to buy Progressive Bancorp in Louisiana

Community Banking
July 8, 2025

Business First Bancshares in Baton Rouge, Louisiana, has agreed to buy Progressive Bancorp in Monroe.

New York Fed: Consumer inflation expectations mostly hold steady

New York Fed: Inflation expectations largely unchanged

Economy
July 8, 2025

Consumer inflation expectations in June ticked down at the short-term horizon but remained flat at the medium- and longer-term horizons, according to the most recent Survey of Consumer Expectations.

ABA, groups urge FHA to improve loss mitigation options for borrowers

FFIEC publishes 2024 data on mortgage lending

Community Banking
July 8, 2025

The Federal Financial Institutions Examination Council recently published data on 2024 mortgage lending transactions reported under the Home Mortgage Disclosure Act by 4,908 U.S. financial institutions.

CPFB report claims health savings accounts have ‘hidden costs’

New HSA expansion included in federal budget bill

Human Resources
July 8, 2025

President Trump last week signed a budget bill that included the largest expansions to Health Savings Accounts since they were created in 2003.

Poll: Small business owners optimistic about the future

NFIB Small Business Optimism Index edged down in June

Economy
July 8, 2025

The Small Business Optimism Index declined by 0.2 of a point in June to 98.6, slightly above the 51-year average of 98. Of the 10 Optimism Index components, four increased, four decreased, and two remained unchanged.

NEWSBYTES

Justice Department warns of scammers exploiting Texas floods

July 8, 2025

Business First to buy Progressive Bancorp in Louisiana

July 8, 2025

New York Fed: Inflation expectations largely unchanged

July 8, 2025

SPONSORED CONTENT

Navigating Disruption in Ag Lending – Why Tariffs Are Just the Tip of the Iceberg

Navigating Disruption in Ag Lending – Why Tariffs Are Just the Tip of the Iceberg

July 1, 2025
AI Compliance and Regulation: What Financial Institutions Need to Know

Unlocking Deposit Growth: How Financial Institutions Can Activate Data for Precision Cross-Sell

June 1, 2025
Choosing the Right Account Opening Platform: 10 Key Considerations for Long-Term Success

Choosing the Right Account Opening Platform: 10 Key Considerations for Long-Term Success

April 25, 2025
Outsourcing: Getting to Go/No-Go

Outsourcing: Getting to Go/No-Go

April 5, 2025

PODCASTS

Podcast: Inside ABA’s new Treasury Check Verification System API

June 25, 2025

Podcast: Staying close to clients amid tariff-driven volatility

June 18, 2025

Podcast: Old National’s Jim Ryan on the things that really matter

June 12, 2025
ADVERTISEMENT

American Bankers Association
1333 New Hampshire Ave NW
Washington, DC 20036
1-800-BANKERS (800-226-5377)
www.aba.com
About ABA
Privacy Policy
Contact ABA

ABA Banking Journal
About ABA Banking Journal
Media Kit
Advertising
Subscribe

© 2025 American Bankers Association. All rights reserved.

No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive

© 2025 American Bankers Association. All rights reserved.