John Dickey

Business
June 18, 2002
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Bank CEO lobbies for reform

A local bank president is lobbying for a bill to increase the amount of savings deposit insurance.The Federal Deposit Insurance Reform Act of 2002, HR 3717, is in the Senate Committee on Banking, Housing and Urban Affairs. The bill passed the House on May 22 by a vote of 408-18.Jack Crombie, president and chief executive officer of Citizens Bank of Nevada County, joined other bankers last month in support of the bill. Crombie met with Sen. Dianne Feinstein, with an aide to Sen. Barbara Boxer, and with two out-of-state legislators.Among its provisions, the bill proposes to increase the limits on …

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The Union Updated Jun 18, 2002 12:50PM Published Jun 18, 2002 12:50PM Copyright 2002 The Union. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.