Magazine article American Banker

Carver Federal Hires Thomas Clark, N.Y. Regulator, as Chief Executive

Magazine article American Banker

Carver Federal Hires Thomas Clark, N.Y. Regulator, as Chief Executive

Article excerpt

William G. Price has become something of a hero among bankers in southwestern Florida.

The 70-year-old former chairman of Tri-County Community Bank in Lehigh Acres, about 20 miles east of Fort Myers, achieved fame by acting on feelings that many bank directors repress: He publicly blasted regulators as a crew of knee-jerk stooges and quit.

"It is stressful, disconcerting, and demeaning as well as insulting after almost a half century of high-performance banking and community involvement to be told by immature, inexperienced, neophyte examiners that you're doing everything wrong because you don't follow the know-it-all, checklist procedures imposed by Congress," Mr. Price wrote in a fiery resignation letter.

The letter, which was printed in several Florida newspapers last month, may have earned Mr. Price more praise from fellow bankers than any single achievement in his lengthy, highly active career in banking and community service.

Mr. Price, who has been president of the Flonda Bankers Association as well as president of two other banks in his area, got about 25 letters and phone calls from supporters after his letter was published. And his son, Stephen L. Price, also a bank president, is getting calls praising his father, too.

"Every time I play golf, people come up to me and say, `Boy, I sure enjoyed reading that article because it was right on target,'" William Price said. "I spoke with Gerald Lewis [the outgoing Florida bank commissioner! a couple of weeks ago, and he agreed with everything I said. …

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