There's a lot of talk these days about big banks. Getting lost in the discussion is what needs to be done to ensure smaller community banks will continue to have a vital role in supporting the U.S. economy and our way of life.

To some, this might seem an odd priority for me to discuss as CEO of a large U.S. bank. But I grew up on a family farm in a small town in central Minnesota. I learned early in life how essential community banks are to the people they serve. They cashed our checks, kept our deposits safe, made loans that kept local commerce flowing and kept our community together. My family is still in the farming business where I grew up, and on the luckiest day of my life, I married my high school sweetheart, the local banker's daughter.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access