Magazine article American Banker

A Small-Bank Voice for Federal Reserve Advisory Panel

Magazine article American Banker

A Small-Bank Voice for Federal Reserve Advisory Panel

Article excerpt

With the appointment of Camden R. Fine to the Federal Advisory Council, community bankers will have a voice on a committee dominated by financial services giants.

"I'm told it's unusual for a community banker to serve on the Federal Advisory Council, which flatters and humbles me," said Mr. Fine, the president and chief executive officer of Midwest Independent Bank of Jefferson City, Mo. He is also the chairman of $8 million-asset Bunceton State Bank in Bunceton, Mo., which he bought in March.

Mr. Fine, 50, will be one of 12 senior executives on the roundtable, which quarterly advises the Federal Reserve Board of Governors on regional banking issues.

Of the dozen representatives, Mr. Fine is affiliated with the smallest organizations on the council. Midwest Independent is a $100 million-asset bankers' bank that he founded in 1984. "I talk in millions with an 'M,' " Mr. Fine said, distinguishing himself from the other members. His one-year term begins on Jan. 1, when he will succeed C.Q. Chandler of $2.4 billion-asset Intrust Financial Corp. of Wichita, Kan.

In his role as the 10th District representative, Mr. Fine will attend at least four meetings in Washington with Fed Chairman Alan Greenspan and the Federal Reserve Board. Most representatives named to the 2001 council are from large financial institutions, including Wells Fargo & Co., J.P. Morgan & Co., Wachovia Corp., and Charles Schwab Corp.

"The advice that a community banker will give is very different from what the governors will hear from a representative from a major New York bank," said Kenneth A. …

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