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SNBT Bankers Talk to State Leaders
About Lending and Economy |
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Local, state bankers travel to Madison as part of annual Capitol Day |
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Two bankers from The Stephenson National Bank & Trust (SNBT) joined nearly 200 bankers from around the Wisconsin Tuesday, May 3 for the annual Wisconsin Bankers Association (WBA) Capitol Day in Madison. |
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Dan Peterson, Executive Vice President and Randy McCauley, Senior Vice President Compliance, met personally with state Rep. John Nygren and state Sen. Dave Hansen who represent Northeast Wisconsin. |
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“Many business groups hold ‘Capitol Days’ each year,” Peterson said, “and Wisconsin bankers thought it was important, now more than ever, to talk with our elected representatives at our state’s capitol about the financial issues that affect the Marinette and Oconto area.” |
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The economic issues of the past couple of years prove that the most effective way for policy makers to get accurate information and to make informed decisions is to hear directly from their local bankers who work in our communities. |
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“Many of the rules and regulations affecting banking conditions in Wisconsin are being discussed and decided on the state level. It is critical that these officials understand that what affects banks also affects the communities we serve,” Peterson said. “By meeting with our lawmakers one-on-one, we were able to give them a crash course on bank lending and common myths surrounding the industry. We were able to talk about critical issues like foreclosures and how this can help or hinder lending in our communities. It’s important that our elected officials understand Wisconsin banks are still well capitalized and lend. In fact, for every $1.00 in deposits, Wisconsin bankers are lending out $.87 compared to $.75 nationally.” |
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