Friends of Traditional Banking
Encouraged by Sen. Jon Tester
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Senator Jon Tester (D-MT) held an exclusive call with dozens of leaders of Friends of Traditional Banking earlier this month. The Senate Banking Committee member expressed appreciation to how bankers handled getting money out to needed businesses during the COVID crisis with incredible efficiency. "You proved your enemies wrong," he said.
Tester believes that the efforts in Congress to limit credit card swipe fees is a mistake. "You guys take all the risk, and that costs you money," he said. He believes that this will be the year to get SAFE Banking passed to legalize banking cannabis-related businesses and that there will likely soon be regulation on cryptocurrency.
Senator Tester vowed to protect the Federal Home Loan Banks and expressed a need to have regulation fairer for small banks. He was encouraged by FOTB leaders on the call to support the soon to be introduced Access to Credit for our Rural Economy Act (ACRE formerly known as ECORA). "We'll take a close look at that," he said. "It does have some merit."
The Senator's father-in-law was a community banker. He was the first Democrat endorsed by FOTB, helping with his 2018 reelection victory. Without Senator Tester's help, Dodd-Frank regulation reform would not have passed that year. "I appreciated your support very, very much in '18," he said to the Friends of Traditional Banking team, "because I never have easy elections." |
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Kish Bank's Greg Hayes Joins Executive Committee
Gregory T. Hayes has been appointed to fill a vacancy on Friends of Traditional Banking’s Executive Committee. President and Chief Operating Officer of Kish Bank, he is a member of the Bankers Advisory Board of the Conference of State Bank Supervisors and the Board of Directors of Summit Technology Group. He also serves as a member of the Pennsylvania Bankers Association’s Member Engagement and Development Policy Committee, and a board member of the Chamber of Business & Industry of Centre County.
Greg is a graduate of Lafayette College with a degree in Mechanical Engineering. He worked at Merck before joining Kish’s retail banking team in 2006. He then served in various roles of increasing responsibility, including branch management, retail and commercial lending, and operations, during which time he graduated with honors from the PA Bankers School of Commercial Lending and the Advanced School of Banking.
Greg and his wife reside in State College, Pennsylvania with their three children.
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West Virginia's Mark Mangano Named to Advisory Council
New West Virginia Bankers Association President and CEO Mark Mangano has been named to FOTB’s Advisory Council. He served 27 years as a community bank CEO at North Hancock Bank & Trust and also worked as an attorney at Jackson Kelly PLLC, where his practice centered on serving financial institutions and focused on strategic planning facilitation, board consulting, regulatory matters and transactions.
Mark is a graduate of West Virginia University’s College of Law and enjoys skiing and hiking with his wife, Tracy.
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SPONSOR'S CORNER
Oklahoma Bank Finds the
Scalability Needed for Growth
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A message from our sponsor BankOnITUSA:
When asked to reflect on Valliance Bank’s relationship with BankOnIT, Alicia Wade, President & COO (and also the FOTB Banker Board Member from Oklahoma), shared that the value BankOnIT offers is priceless, because IT touches so many facets of the business. Tim Black, SVP & IT Director of Valliance Bank, credits BankOnIT for freeing up his time to accomplish strategic initiatives – things that would otherwise be out of reach. Having worked together for nearly twenty years, BankOnIT has seen Valliance from de novo to 90+ employees, five locations and a digital online bank.
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Want to provide content in our Sponsor's Corner? Reach out about being a partner! mike@friendsoftraditionalbanking.com |
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PAID for by Friends of Traditional Banking. NOT authorized by any candidate or candidate's committee.
Friends of Traditional Banking is a non-partisan grassroots effort organized by bankers in 2012 to improve the political and regulatory environment for the traditional banking industry in the U.S. FOTB is the inverse of a PAC--instead of spreading a little bit of money to a lot of campaigns, they focus a lot of money on a couple of key campaigns.
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