Community banks play a critical role in providing credit and banking services to all corners of the U.S., especially small towns and rural areas where community banks are likely to be the only banking options.
State financial regulators serve as the primary regulator for 78 percent of the nation's banks. In this role, state regulators have an important mandate to ensure safety and soundness among their chartered financial institutions.
Collaboration between state and federal regulators is as equally important as state-to-state collaboration. In fact, today’s dynamic financial services industry demands increased state-federal regulatory coordination.