Full Committee Hearing

The Effects of the Economic Crisis on Community Banks and Credit Unions in Rural Communities

Date:   Wednesday, July 8, 2009 Time:   02:00 PM

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Topic

The witnesses will be Mr. Jack Hopkins, President and Chief Executive Officer of CorTrust Bank National Association, Sioux Falls, SD on behalf of the Independent Community Bankers of America; Mr. Frank Michael, President and CEO of Allied Credit Union, Stockton, CA on behalf of the Credit Union National Association; Mr. Arthur Johnson, Chairman and CEO of United Bank of Michigan, Grand Rapids, MI on behalf of the American Bankers Association; Mr. Ed Templeton, President and Chief Executive Officer of SRP Federal Credit Union, North Augusta, SC on behalf of the National Association of Federal Credit Unions; and Mr. Peter Skillern, Executive Director of the Community Reinvestment Association of North Carolina.

Witnesses

Majority Statements

  1. Senator Tim Johnson

Minority Statements

  1. Senator Mike Crapo

Witness Panel 1

  1. Mr. Jack Hopkins
    President and Chief Executive Officer
    CorTrust Bank, on behalf of the Independent Community Bankers of America
  2. Mr. Arthur Johnson
    Chairman and CEO
    United Bank of Michigan, Grand Rapids, MI on behalf of the American Bankers Association
  3. Mr. Frank Michael
    President and CEO
    Allied Credit Union, Stockton, CA on behalf of the Credit Union National Association
  4. Mr. Peter Skillern
    Executive Director
    Community Reinvestment Association of North Carolina
  5. Mr. Ed Templeton
    President and CEO
    SRP Federal Credit Union, North Augusta, SC