FRANKFORT, Ky. – (Oct. 2, 2013) – Kentucky Department of Financial Institutions (DFI) Commissioner Charles Vice is participating in a symposium hosted by state and national leaders that will cover the challenges and opportunities facing today’s community banks.

   The Federal Reserve System and the Conference of State Bank Supervisors (CSBS) are hosting “Community Banking in the 21st Century,” a national community banking research and policy conference, at the Federal Reserve Bank of St. Louis.

WHO:      DFI Commissioner Charles Vice
WHAT:    Panel Discussion: 
              Community Banking in the 21st Century:
              Opportunities, Challenges and Perspectives &
              Presentation of Results from Town Hall Sessions
WHEN:   Thursday, Oct. 3
              1:45 p.m. Central time
WHERE: Webcast live at www.stlouisfed.org/live

   The inaugural conference will be webcast live at www.stlouisfed.org/live beginning at 2 p.m. Central time today, when Federal Reserve Chairman Ben Bernanke kicks off the conference along with CSBS President and CEO John Ryan and Federal Reserve Bank of St. Louis President James Bullard.

   The final conference event is a panel discussion beginning at 1:45 p.m. Central time. The panel will present the results from town hall meetings that surveyed community bankers across the United States. Vice is moderating the discussion between bank representatives from Idaho, Mississippi, Wisconsin and Tennessee.

   “There are more than 5,800 community banks in the U.S., each of them integral to the economy of local and rural communities,” said Vice. “But there is relatively little research on the community banking industry. This conference serves as an important step toward further understanding the community banking business model and the current regulatory environment in which these banks operate. It also will aid in quantifying the contributions of community banks by fostering additional research.” 

   Information regarding the conference, including the agenda, is available at http://www.stlouisfed.org/banking/community-banking-conference/.

   DFI, http://kfi.ky.gov, is an agency in the Public Protection Cabinet. For more than 100 years it has supervised the financial services industry by examining, chartering, licensing and registering various financial institutions, securities firms and professionals operating in Kentucky. DFI’s mission is to serve Kentucky residents and protect their financial interests by maintaining a stable financial industry, continuing effective and efficient regulatory oversight, promoting consumer confidence, and encouraging economic opportunities.




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