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First State Bank President and CEO Attends White House Meeting to Discuss Regulatory Challenges Facing Community Banks
(St. Charles, MO) – Luanne Cundiff, President and CEO of First State Bank in St. Charles, met today with President Trump and other community bankers from across the country to discuss the regulatory challenges affecting community banks.
During the meeting, bankers had the opportunity to discuss a range of topics, including the need to hold the Consumer Financial Protection Bureau more accountable, regulatory changes to increase small business and mortgage lending, the impact of compliance burden, and the need to ensure regulatory capital standards are aligned with actual risks and conducive to credit availability.
“Community banks represent such a critical segment of our economy and I was pleased to represent the Midwest in this important meeting,” said Cundiff. “First State Bank, in business for 150 years, was able to offer the White House a rare perspective on the challenges facing financial institutions, emphasize the importance of tailored regulation and highlight the critical role banks play in helping our economy thrive.”
Cundiff currently serves on the American Bankers Association’s Community Bankers Council. She and other bank members from the association’s Board of Directors, Government Relations Council, Community Bankers Council and Endorsed Solutions Banker Advisory Council took part in today’s meeting at the White House.
First State Bank is a full-service, independent community bank that has served the financial needs of St. Charles for 150 years with a portfolio of personal and business deposit, checking, and loan programs. The bank builds the community through beneficial relationships, valuable products and services, and an expertise and stability on which customers can rely. The bank serves customers through five branch locations in St. Charles, O’Fallon, Lake Saint Louis, and Chesterfield as well as mortgage offices in St. Charles, Chesterfield, Lake of the Ozarks, Kansas City, and Scottsdale, AZ.
For more information, contact:
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