First National Bank President, David McCoy joined
delegation of 11 bankers to discuss local issues
The Wisconsin Bankers Association and 11 Wisconsin bankers recently traveled to Washington D.C. to meet with senior staff at four regulatory agencies.
David McCoy, President of First National Bank and Trust (FNBT) headquartered in Beloit, Wisconsin, was one of the representatives that met with the Federal Housing Finance Agency (FHFA), the Financial Crimes Enforcement Network (FinCEN), the Federal Deposit Insurance Corporation (FDIC), and the Consumer Financial Protection Bureau (CFPB).
The meetings provided an opportunity for bankers to discuss the local and state economy and how new regulations impact community banks and their ability to serve customers in Wisconsin. Topics discussed included Bank Secrecy Act/Anti Money Laundering (BSA/AML), Ability to Repay/Qualified Mortgage (ATR/QM), Brokered Deposits, and the Home Mortgage Disclosure Act (HMDA), among others.
“It’s an honor to be asked to provide insight to the regulatory agencies,” said McCoy. “As a truly local, family-focused bank serving Southern Wisconsin and Northern Illinois, I feel it is important to bring a voice to matters concerning policies that impact our local economy, customers, and community family, as well as our ability to lend to consumers and small businesses.”
For more information about the Wisconsin Bankers Associations recent visit with the regulatory agencies, visit www.wisbank.com/articles/2019/
About First National Bank and Trust:
First National Bank and Trust Company is a family-focused, community bank headquartered in Beloit, Wisconsin. Chartered in 1882, First National Bank and Trust has grown to be a leading financial services institution offering products and services for consumers and businesses, as well as trust, retirement services, investment management, brokerage and insurance. We now serve nearly 30,000 households in 13 communities and 16 locations in Southern Wisconsin and Northern Illinois with assets of approximately $1.2 billion. We treat our customers, employees, shareholders and communities like family, with a goal of helping all our families succeed. Providing Sound Advice and delivering an exceptional experience has positioned First National Bank and Trust as a Stateline leader in the industry. For additional information, visit www.bankatfirstnational.com.
First National Bank and Trust: “Give us a try. We’ll treat you like family.”