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8/30/10 FASB Considering Radical Change to Reserving
American Banker - Accountants at banks may have to change the way they count the beans that could go bad. The FASB is considering a new method for calculating reserves as part of a sweeping proposal that has gotten more attention for its fair-value mandate. The new method would be the biggest change to reserving practices in more than three decades, experts said. Read More...
8/24/10 KC Fed Chief Warns of Lingering Big-Bank Advantage
American Banker— Federal Reserve Bank of Kansas City President Thomas Hoenig said community banks likely will continue to be harmed by a perception that larger institutions are "too big to fail."
"Is the community bank model viable? The short answer is, yes. The longer answer is, yes, if they are not put at a competitive disadvantage by policies which favor and subsidize the largest financial institutions," Hoeing said Monday in prepared testimony to a field hearing of the House Subcommittee on Oversight and Investigations. Read More...
Overview
Known as the family of independent community banks, the Community Bankers of Washington (CBW) was founded in 1989 to serve as a distinct and authoritative voice for state-chartered, community banks throughout the Evergreen State.
Exclusive Banking Perspective
As the only trade association in Washington that advocates for independent community banks, we focus on banking issues from the community banker's perspective. Unlike other associations, our board of directors is made up entirely of successful community bankers who are highly respected by their peers. In the rapidly changing financial services marketplace, CBW is a strong, professional and dynamic association dedicated to providing our members with a competitive edge.
The Spirit of Community Banking
Community banking is not just about consumer choice, it’s a spirit that drives our entire industry. No other state association has firmer roots in our cities and towns. CBW’s member banks are proudly headquartered in local communities all over our state and our roots run deep.
Community banks employ thousands of women and men, provide convenient, personal financial services for today’s consumers, and they make banking decisions close to where customers live and work. That’s an important distinction in today’s marketplace. Further, community bank directors, officers, and employees not only take an active interest in their customers, they are part of the community and are deeply committed to the neighborhoods in which they serve. CBW believes these contributions to our communities are well worth preserving.
