WASHINGTON, D.C. – U.S. Sen. John Kennedy (R-La.) hosted a meeting in New Orleans today for Federal Deposit Insurance Corporation (FDIC) officials and Louisiana bank leaders.
“FDIC Chairman Martin Gruenberg was gracious in coming to Louisiana in order to meet with our community bank leaders. I know he has a busy schedule so I appreciate his time,” said Sen. Kennedy. “Our community banks have a powerful story to tell, and it’s one that the FDIC needs to hear. This meeting is a signal of transparency to our communities that are hurting from the collapse of First NBC.”
Sen. Kennedy hosted a roundtable discussion for FDIC officials and bank representatives. The bulk of the meeting was devoted to a question-and-answer session between the FDIC and local banks about the failure of First NBC.
“I would like to thank Sen. Kennedy for the opportunity to meet with local business people and bankers in New Orleans and explain the FDIC’s processes to respond to issues arising from bank failures,” said FDIC Chairman Martin Gruenberg.
As a member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, Sen. Kennedy has fought for community banks in Louisiana and has introduced legislation to strengthen Louisiana’s community financial institutions.
Sen. Kennedy with FDIC Chairman Martin Gruenberg