Virtual 2020 Conference Set for Sept. 30-Oct. 1

Community bankers, academics, policymakers and bank supervisors from around the world will meet virtually the afternoons of Sept. 30-Oct.1 for the eighth annual Community Banking in the 21st Century research and policy conference. Given the nature of the virtual environment, the conference will be condensed to a timeframe of 1 p.m.-4 p.m. Eastern Time, with optional post-plenary meetings held at the end of each day. The conference is co-sponsored by the Federal Reserve System, the Conference of State Bank Supervisors (CSBS) and the Federal Deposit Insurance Corporation (FDIC). The Federal Reserve Bank of St. Louis will host the conference via the WebEx online meeting platform. 

This year’s keynote speakers include: 

  • Michelle Bowman, governor, Board of Governors of the Federal Reserve System;
  • Jelena McWilliams, chairman, FDIC; and 
  • Laurie Stewart, president and CEO, Sound Community Bank, Seattle, Washington. 

2020 CSBS National Survey of Community Banks 

The first afternoon of the conference will kick off with the release of the 2020 National Survey of Community Banks. Since 2014, the national survey has provided insights into the opportunities and challenges that banks have faced during the past year.  

Special Panel: Community Banking in the Age of COVID-19 

During the second day of the conference, a panel will discuss the impact of the COVID-19 pandemic crisis and how community banks have been navigating through these turbulent times. The panelists will include:

  • Jill Castilla, president and CEO, Citizens Bank of Edmond, Edmond, Oklahoma; 
  • Kenneth Kelly, chairman and CEO, First Independent Bank, Detroit, Michigan; and 
  • Frank Scott, Jr., Mayor of Little Rock, Arkansas 

Rhoshunda Kelly, interim commissioner, Mississippi Department of Banking and Consumer Finance will moderate the discussion.  

Research Papers and Authors 

Eight papers were selected to be presented at this year’s conference. They include: 

  • Shared Destinies? Small Banks and Small Business Consolidation  Authors: Claire Brennecke, Consumer Financial Protection Bureau (CFPB); Stefan Jacewitz, FDIC and Jonathan Pogach, FDIC 
  • Bank Entrepreneurs  Authors: Kristoph Kleiner, Indiana University and FDIC; Manju Puri, Duke University and FDIC and Chiwon Yom, FDIC
  • “Revitalize or Stabilize”: Does Community Development Financing Work?  Author: Daniel Ringo. Board of Governors of the Federal Reserve System
  • The Propagation of Local Credit Shocks: Evidence From Hurricane Katrina  Author: Samir Elsadek Mahmoudi, Department of Economics, Georgia State University 
  • Big Banks, Household Credit Access, and Intergenerational Economic Mobility   Author: Erik J. Mayer, Cox School of Business, Southern Methodist University 
  • Government-Sponsored Wholesale Funding and the Industrial Organization of Bank Lending  Dayin Zhang, Haas School of Business, University of California, Berkeley
  • How Important Is Moral Hazard For Distressed Banks?  Authors: Itzhak Ben-David, The Ohio State University and the National Bureau of Economic Research; Ajay A. Palvia, FDIC; René M. Stulz, The Ohio State University and the National Bureau of Economic Research 
  • Insurance Pricing, Distortions and Moral Hazard: Quasi-Experimental Evidence from Deposit Insurance   Author: George Shoukry, FDIC 

2020 CSBS Case Study Presentation 

The winning team of this year’s CSBS case study competition, Mississippi State University, will present its findings on the second day of the conference. This year’s topic was the impact of the Bank Secrecy Act and Anti-Money Laundering requirements on community banks. 

For more information, see the complete agenda on the conference website.