Friends of Traditional Banking logoBanking & Politics Report
March 27, 2013


We are building a list of "friends" that can help pro-traditional banking candidates this fall 


Friends of Traditional Banking is growing fast!

Our goal as Friends of Traditional Banking is to build a list of thousands of friends like you, identify two Congressional races important to our industry, and encourage our list of friends to directly support those chosen candidates. TOGETHER WE CAN MAKE A HUGE IMPACT!


Below are a few races we are beginning to watch. Please let us know of others important to our industry! Later this year we will identify which two races to formally support.




Opportunity to replace credit union pal in Colorado Senate race

Rep. Cory Gardner (above) is challenging Sen. Tom Udall, a longtime advocate of credit unions.


Sen. Mark Udall (D-CO) has led the charge for tax-exempt credit unions to be able to behave more like tax-paying banks. Udall's bill, S.968, would more than double credit unions' business lending cap from 12.25% of assets to 27.5%.


Rep. Cory Gardner (R-CO) announced this month that he will challenge Udall, and is already seeing poll numbers from Rasmussen Reports showing the senate race is in a statistical tie.


Mark Bower, executive vice president of Home State Bank in Loveland, Colorado, and that state's representative on FOTB's Fifty State Banker Board, notes that Rep. Gardner has a track record of supporting traditional banking and small business, and would be a great improvement over Sen. Udall.


This is certainly one race Friends of Traditional Banking will be watching closely!


Sid Dinsdale, president of Pinnacle Bank, is running to replace retiring Sen. Mike Johanns.
Bank president running for Senate in Nebraska

Sid Dinsdale, president of Pinnacle Bank in Omaha, is running as a Republican in the race to succeed retiring Sen. Mike Johanns (R-NE). Disndale is a third-generation community banker, whose family's bank is now the third largest in assets in the state, with 68 branches in Nebraska and three in Kansas.
"I grew up in a family of small business owners and understand firsthand (that) left to our own intelligence, ambition and perseverance, Americans and American businesses flourish, and so does our country," Dinsdale said.  
Nebraska's GOP primary is May 13.
State Sen. Richard Tisei is running for Congress.
Bank corporator running for Congress in Massachusetts

State Senator Richard Tisei , a successful realtor, has been a corporator of The Savings Bank since 1991. In 2012 he came within one point of winning Massachusett's 6th Congressional district, and this year is in a rematch with Rep. John Tierney (D-MA), who was recently named one of Congress's "most corrupt members."
"I have known Richard for almost 25 years and in my humble opinion he's a great candidate," said Brian McCoubrey, President & CEO of The Savings Bank, "he supports community banks and he's approachable." 
In what will certainly be a close race, some experts are already giving Tisei "the edge at this early stage." 

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