ABA President and CEO Frank Keating discussed the 2016 election in an appearance on “Bloomberg Surveillance” today. With 17 Republican candidates, he said “it’s a long way between now and the election and you’re going to see a lot of movement.” Host Adam Johnson asked him which GOP candidate would be best for banks, and Keating noted that most of the candidates were talking about the need for “tax and regulatory policy to help small banks survive. All of them have talked about the need for government to get off the chest of small businesses, not just banks.”
Small Business Bank in Kansas closed by regulators
Kansas regulators closed Small Business Bank in Lenexa, Kansas, and appointed the FDIC as receiver. The Farmers State Bank of Oakley, Kansas, agreed to assume substantially all deposits and purchase certain assets.
