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First State Bank Advocates for Community Banks at the White House
For more than 150 years, First State Bank has been the independent community bank that helps St. Charles County families and businesses thrive. Known for our dedication to community and an unwavering commitment to provide financial options tailored to customers’ needs, we are proud to foster success for those we serve. Our team’s reputation as experienced professionals dedicated to delivering real solutions has garnered local and national recognition.
First State Bank President and CEO Luanne Cundiff was recently in the national spotlight when she met with President Trump and members of his cabinet at the White House on October 17, 2018, to discuss regulatory changes in the banking industry. She shared the need for further regulatory relief to allow the 5,000 community banks nationwide to protect customers from the regulatory burden designed for larger banks.
“Recent deregulation is a great first step to begin chipping away at the stringent rules that impede the operation of community banks like ours. It is our hope that further modernization will take into account how banking regulations affect the ability of smaller banks to efficiently and effectively serve customers,” said Cundiff.
Community banks play a vital role in serving individuals, families, and businesses of all sizes. As an industry leader, Cundiff will continue advocating for regulatory change to benefit customers in her role on the Board of Directors of the American Bankers Association (ABA), as Vice Chair of the ABA Community Bankers Council, and on the Missouri Bankers Association’s Board of Directors. Her expertise also supports the local economy through her commitment to the St. Charles County Workforce Investment Board and the EDC Business and Community Partners where she is immediate past chair and continues to serve on the executive committee for both organizations.
Cundiff was named one of the St. Louis Business Journal’s “Most Influential Women in Business” (2018), is recognized in the “Top 100 St. Louisans You Should Know” by Small Business Monthly (2018) and was also named one of the “Women to Watch” in American Banker magazine’s “Most Powerful Women in Banking” (2018).