FDIC Chairman Visits North Dakota - KXNet.com - Bismarck/Minot/Williston/Dickinson-KXNEWS,ND

FDIC Chairman Visits North Dakota

Posted:

The Federal Deposit Insurance Corporation Chairman makes a stop in North Dakota today.

Senator Heidi Heitkamp introduced FDIC Chairman Martin Gruenberg to community bankers in the state.

Gruenberg heard first hand views and concerns community bankers have.

Senator Heitkamp says because of federal regulations half of North Dakota small community banks are getting out of home lending which isn't a good trend and needs to be addressed.

"A lot of them didn't do a lot of mortgage lending, but they did want to do it because they're in relationships with their customers, so for them the scale doesn't work well, which is how do we build capacity to meet compliance on these regulations when we may only do ten of them a year and is that cost beneficial for our time," Senator Heidi Heitkamp said.

Heitkamp says the chairman did a good job offering assistance to the banks to better understand the regulations.

  • PoliticalMore>>

  • US: Russia 'created the conditions' for shoot-down

    US: Russia 'created the conditions' for shoot-down

    Wednesday, July 23 2014 12:33 AM EDT2014-07-23 04:33:53 GMT
    The Obama administration said Tuesday it would present data from the U.S. intelligence community laying out what's known about the Malaysia Airlines plane that was shot down in Ukraine.
    Senior U.S. intelligence officials said Tuesday that Russia was responsible for "creating the conditions" that led to the shooting down of Malaysia Airlines Flight 17, but they offered no evidence of direct Russian...
  • Perdue defeats Kingston in Georgia Senate runoff

    Perdue defeats Kingston in Georgia Senate runoff

    Tuesday, July 22 2014 11:46 PM EDT2014-07-23 03:46:40 GMT
    After a bruising nine-week runoff campaign, Georgia Republicans will finally have their Senate nominee who will compete against Democrat Michelle Nunn for a seat the GOP can ill afford to lose as the party looks to...
    Businessman David Perdue has defeated longtime Rep. Jack Kingston in the Republican runoff for Georgia's U.S. Senate nomination, setting up a matchup against Democratic nominee Michelle Nunn that will help determine...
  • New arrest linked to gun used after Boston attacks

    New arrest linked to gun used after Boston attacks

    Tuesday, July 22 2014 10:53 PM EDT2014-07-23 02:53:36 GMT
    A man believed to have provided the gun used by Boston Marathon bombing suspects to kill a college police officer has been arrested on drug and weapon charges.
    A friend of Boston Marathon bombing suspect Dzhokhar Tsarnaev is believed to have provided the handgun used to kill a Massachusetts Institute of Technology police officer during the manhunt, people with knowledge of the...
Quick Clicks
Closings/Delays
View list
Calendar
What's happening?
Lottery Results
Feeling lucky?
Viewer Photos
Submit yours!
Road Report
Current conditions
TV Listings
See what's on
Gas Prices
Check near you
E-Mail Newsletter
Signup now

Most Popular

Stories
Videos
loading...
Powered by WorldNow
General information or questions:
kxinfo@kxnet.com

News:
Bismarck:
Phone: 701-223-9197
News Fax: 701-223-1985

News:
Minot:
Phone: 701-852-2104
News Fax: 701-838-1050
All content © Copyright 2000 - 2014 WorldNow and KXNET. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.