ICBA expressed support for legislation to promote the creation of de novo community banks by phasing in capital standards over three years.
ICBA backs pro-de novo bill
October 09, 2020 / By ICBA
ICBA expressed support for legislation to promote the creation of de novo community banks by phasing in capital standards over three years.
ICBA expressed support for legislation to promote the creation of de novo community banks by phasing in capital standards over three years.
The Promoting Access to Capital in Underbanked Communities Act of 2020 (H.R. 8410) also would allow de novo community banks to ask the FDIC to deviate from their approved business plans, phase in the Community Bank Leverage Ratio, and remove limitations on agricultural lending.
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