Skip to main content

Video: Unlocking the Power of Regional Regulation

Each year, the Community Banking the 21st Century Research Conference team compiles videos featuring community banks and their regulators. Last year, Greg Gonzales spoke about a bank in his local community and how the Tennessee Department of Financial Institutions provides efficient, effective supervision.

Greg Gonzales

"We don't regulate for regulation's sake," said Greg Gonzales, Tennessee Commissioner. "We regulate to allow financial institutions to serve the people of this state, provide important financial services. That's the ultimate goal. That's what it's all about."

Gonzales has been with the Tennessee DFI for over 30 years. Starting as an entry-level attorney, Gonzales has worked for all divisions of the department. Gonzales became commissioner in December 2005.

Highlighting the role community banks play in Tennessee, Gonzales discusses Tri-State Bank, a minority-owned community bank. Tri-State Bank was granted a charter in 1946.

"This bank was really part of the fabric of their community," said Gonzales. "The bank supported Civil Rights activities who were sought to punished by others economically for the activities they were taking. That bank stood for these people... That bank was a catalyst to change a culture of a community."

"Let's tailor regulation to the issues at hand, to the economic background of the bank, to the ability of management, to the history of that institution," said Gonzales. "We need to unleash the power of regional regulation. That's what we need to do!"

Recent Blog Posts

Blog post
Eastern Kentucky University headlines this year's publication on community bank case studies.
Oct 12, 2018
Blog post
A new research paper examines the findings of the CSBS-Federal Reserve annual survey of community banks
Oct 11, 2018
Blog post
Community banks are maintaining a strong deposit market in urban and rural markets, but bank consolidation threatens the direct connection community banks have with their local economies
Oct 4, 2018
Blog post
Her message: with widespread interstate banking and online transactions, the Community Investment Act must be updated to ensure that distance lending still support community needs.
Oct 4, 2018