published Thursday, February 24th, 2011

FDIC chief: Community banks will survive

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    Federal Deposit Insurance Corporation (FDIC) Chair Sheila Bair. (AP Photo/Haraz N. Ghanbari, file)

Community banks will survive in the new financial environment, the Federal Deposit Insurance Corp.’s chairman said here today.

“We’re very determined on that score,” said FDIC chief Sheila Bair while addressing a Chattanooga Women’s Leadership Institute meeting.

She said she strongly feels it’s in the public’s interest to have diversity and choices of their banking relationship and a lot of people want to do business with community banks.

“It’s our obligation to make sure that sector is vibrant and competitive,” Bair said.

For full story, see Friday’s Times Free Press.

about Mike Pare...

Mike Pare, the deputy Business editor at the Chattanooga Times Free Press, has worked at the paper for 27 years. In addition to editing, Mike also writes Business stories and covers Volkswagen, economic development and manufacturing in Chattanooga and the surrounding area. In the past he also has covered higher education. Mike, a native of Fort Lauderdale, Fla., received a bachelor’s degree in communications from Florida Atlantic University. he worked at the Rome News-Tribune before ...

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