Election Results May Force Some Banks to Sell

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Byline: Rachel Witkowski

WASHINGTON a Community bankers hoping that a Republican landslide at the election box this week would ease their regulatory burden are now reassessing their profit prospects a and independence. A aA lot of people had hopes that [Mitt] Romney would unleash some of the animal spirits in the economy,a said John Corbett, president and chief executive of $2.4 billion-asset CenterState Bank of Florida in Winter Haven. aNow, thereas more certainty of the status quo which is slow growth, low interest rates and big government.aA Although itas still unclear what the election will mean for bankers, most observers expect regulators to move faster to implement the Dodd-Frank Act. A aThe reelection of President Obama does suggest that it will be full speed ahead for …