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Message From
the League President
“I don’t for a moment believe that we
can turn back the wheels of progress.”
Erich Bloxdorf Teddy Roosevelt
The evolution of our industry can be both exciting serve their communities and increase their
and worrisome. Over the past 40 years, we have chance for success. We also worked hard on the
experienced a dynamic and changing economy regulatory front, encouraging dialogue between
and the rise of technology in banking and our our prudential regulators and our member banks.
everyday lives. The important role that we all play Dialogue is the lynchpin in effecting positive
is to be constantly looking at the horizon. Looking change in our industry and I believe that this is
for opportunities upon which we can capitalize and improving in ways yet unseen. Thanks to you and
spotting and preventing challenges from becoming your persistence, positive changes are emerging
a hindrance to our livelihood. And while vision is on the legislative and regulatory fronts!
important, we must also attend to those opportunities
At the state level, we made progress as well.
and challenges evident today as we seek to
The passage of HB 4589 removed burdensome
evolve for the betterment of our organizations, our
and costly audit requirements from savings
communities, and our country..
Advocate banks. In addition, the passage of HB 4541
clarified that a municipality may use a savings
bank for its banking services. The League and
In my two years at The League – my how time
its membership played important roles in the
flies – my most gratifying work has been partnering
drafting and passage of these important pieces
with our members and others in the industry to
of legislation – both of which are expected to be
release the shackles of regulation. And I have also
signed by the Governor in July.
enjoyed working to provide channels that improve
the skills of members and foster an environment that Communicate
germinates ideas for our members to proactively
Making progress in communications
deploy. With that being the case, the second quarter
with our members was also at the top of our
of 2018 was quite gratifying!
minds. Thanks to our members, our bi-weekly
Thanks to you, our members, we made e-newsletter now contains even more news about
significant, meaningful progress on regulatory relief the great things that our members are doing and
last quarter. Our Spring Government Relations the products and services offered by The League
Summit was important in helping to push passage – to go along with industry news compiled from
of Senate Bill 2155 across the goal line. While not across the country.
perfect, the new law signed by President Trump
contained important provisions to help our members
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June 2018 IllInoIs RepoRteR
