In an extreme example of the frustration felt by many bankers as regulators toughen their oversight of the nation's financial institutions, Main Street's chairman, Thomas Depping, is expected to announce Wednesday that the 27-year-old bank will surrender its banking charter and sell its four branches to a nearby bank.
Doesn't sound that extreme to me ... sounds like that's what more banks should start doing.
Also note a recurring phrase in the article ... "FDIC ordered". Having the government 'order' me to do anything just rubs me the wrong way.
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