Dr. Scott Hein, Professor and Robert C. Brown Chair in Finance, was invited to participate in a panel discussion at the FDIC's 2016 Community Banking Conference on April 6 in Washington, D.C. The conference, which focused on community banks' strategies for long-term success, brought together over 270 bankers and industry professionals to discuss successful community bank business models, key regulatory developments, opportunities and challenges in managing technology, and ownership structure and succession planning.
The conference consisted of four panel discussions, and Dr. Hein was part of the Community Banking Model panel, which also included David Hanrahan, president and CEO of Capital Bank of New Jersey; Bruce Jay, president and CEO of Valley Republic Bank in Bakersfield, Calif.; Alden McDonald, president and CEO of Liberty Bank and Trust in New Orleans, La.; and Rebecca Romero Rainey, chairman of the board and CEO of Centinel Bank of Taos, N.M.
"My role on the panel was to provide an academic standpoint, while also highlighting common themes among community banks that were expressed by the fellow panelists," Dr. Hein said. "Each banker gave an overview of what they do, and they all differed to an extent; however, they all had a shared commitment to the community, which is what made the panel so effective."
Dr. Hein was invited to serve on the panel by Martin Gruenberg, chairman of the FDIC, due to his relationship with community bankers throughout his career and his prior research. In particular, Dr. Hein's 2005 Economic Review paper, "On the Uniqueness of Community Banks," has been cited by the FDIC in its research on community banks as relationship lenders.
FDIC Chairman Martin Gruenberg delivering opening remarks
The FDIC is an independent agency created by the Congress to maintain stability and public confidence in the nation's financial system. The organization periodically holds conferences like these to bring together bank CEOs, researchers, regulators, and other thought leaders from around the country to discuss emerging trends and issues facing the industry.
Video footage from Dr. Hein's panel and the rest of the conference can be found on the FDIC's website. For more information about his conference visit or research, email Dr. Hein at email@example.com.This supports the efforts outlined in the Rawls College of Business Strategic Plan. Learn more about the LEADER 2020 Strategic Plan and follow our progress on Twitter at #RawlsLeads.