October
31, 2005 Vol.
2, No. 10
A Mutual Exchange is a monthly electronic newsletter for
mutual institutions. America’s Community Bankers is as committed to
mutual banks as you are to serving your community. We hope that this monthly
update will keep you current on the issues facing mutual
institutions. We welcome your feedback. Please email
[email protected] with your thoughts, comments and
suggestions.
ACB Participates in FASB Roundtable
Robert Currie, executive vice president and CFO, RSI Bank, Rahway,
N.J., represented ACB in FASB’s roundtable on the Business
Combinations Exposure Draft. Currie is also the
outgoing chairman
of ACB’s Accounting Issues Committee.
The exposure draft would require the use of
acquisition accounting for all business combinations, including
those only involving mutual entities. ACB was the only banking trade
group represented in either session of the roundtable.
Click here to read more.
Mutual Institutions Committee Meets in Orlando
On October 16, ACB’s Mutual Institutions Committee met in
conjunction with ACB’s Annual Convention in Orlando, Fla. The
committee discussed a range of issues affecting mutual banks.
Click here to read the Convention Daily article on the meeting.
ACB encourages you to get involved. To
join the Mutual Institutions Committee,
please contact ACB’s Danielle French at (202)
857-3115 or email
[email protected].
Farewell to Charlotte Bahin
Charlotte Bahin,
ACB’s senior vice president of regulatory affairs, is
leaving ACB to join the Washington law office of
Lord Bissell & Brook. A strong advocate for mutual banks, Bahin’s
expertise and dedication will be missed, but she will remain in
regular contact with ACB as an associate member. At the recent board
of directors meeting in Orlando, ACB’s board passed a resolution
thanking Bahin for her hard work and for her service to the nation’s
community banks.
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newsletter. Email
[email protected] with your ideas and feedback.
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[email protected].
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