Statement on FDIC’s Martin Gruenberg
Washington, D.C. – The Conference of State Bank Supervisors (CSBS) today thanked Martin Gruenberg for his service as chairman of the Federal Deposit Insurance Corp.
Under Gruenberg’s leadership, the FDIC published a definitive study of the structural change and comparative financial performance of community banks. CSBS has advocated for the study’s research definition of community banks as an approach to be used for public policy.
In his address to state and federal regulators at the CSBS State-Federal Supervisory Forum in 2014, Gruenberg called for regular meetings between CSBS leadership, the Chairman and his key staff. As he said in his speech, “I can’t believe we haven’t done this before now.” CSBS’s executive committee has met with the Chairman and his team twice a year ever since.
CSBS President and CEO John Ryan: “Marty Gruenberg made himself accessible to learn more about community banks and state supervision. We appreciate his reaching out to state regulators to hear their concerns and collaborate on important issues. It helps make our state-federal system work to its full potential.”
Media Contact: Susanna Barnett, 202-407-7156, firstname.lastname@example.org.
The Conference of State Bank Supervisors (CSBS) is the national organization of bank regulators from all 50 states, American Samoa, District of Columbia, Guam, Puerto Rico and U.S. Virgin Islands. State regulators supervise roughly three-quarters of all U.S. banks and a variety of non-depository financial services. CSBS, on behalf of state regulators, also operates the Nationwide Multistate Licensing System to license and register non-depository financial service providers in the mortgage, money services businesses, consumer finance and debt industries.