Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances 
Anta Sports Expands Global Footprint With Strategic Puma Stake 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Samsung Electronics Shares Jump on HBM4 Mass Production Report 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
WASHINGTON, Feb. 09, 2017 -- America’s Mutual Banks (AMB), an association of mutual financial institutions, announced today the findings of a Report commissioned by AMB and issued by RP Financial LC. which offers compelling reasons to recalibrate the current asset size definition of small bank holding companies in existing law to $5 billion. This recalibration was proposed in the form of H.R. 3791 and passed by the House in the 114th Congress by Congresswoman Mia Love (R. Ut). Its principal benefit will be to provide flexibility to mutual banks, Sub S banks and other closely held banks, who are unable to access the equity markets, with the capital tools that will enable them to gain competitive equality. Chuck Boulier, AMB’s Chairman, said: ”The RP Study and the data collected is compelling in its conclusions regarding the need to take action. We are resolute in our support for legislative flexibility that will fuel the growth of mutual banks. We believe the enactment of the relief we seek will halt the historical decline of the market share that mutual, Sub S and closely held banks hold and spark an increase in small business and community lending that will revive small communities which have been barely served by megabanks”. Highlights from that study are:
- 1. Megabanks Dominate Banking.
- 2. Small Banking Companies Have Lower Access to Capital.
- 3. Community Banks Need To Grow To Achieve Competitive Equality.
- 4. Smaller Banks are concentrated in the Heartland.
- 5. Smaller banks Are Committed To Lending.
- 6. Smaller Bank Holding Companies Rely on Deposits For Funding.
About America’s Mutual Banks And How To Obtain A Copy Of The Report
America’s Mutual Banks is an association of like-minded mutual banks dedicated to preserving and advancing the mutual banking form. America’s Mutual Banks is headquartered at 701 8th Street NW, Suite 700, Washington, D.C. 20001. Please visit www.americasmutualbanks.com or contact Douglas Faucette, Locke Lord LLP, at 202-220-6961 with any questions or requests for a copy of the RP Financial report or additional information on America’s Mutual Banks.
Contact: Douglas Faucette Locke Lord LLP T: 202-220-6961 [email protected]
