DOJ Reaches Settlement With Blackstone’s LivCor Over Alleged Rent Price-Fixing 
GLP-1 Weight Loss Pills Set to Reshape Food and Fast-Food Industry in 2025 
Sanofi to Acquire Dynavax in $2.2 Billion Deal to Strengthen Vaccines Portfolio 
Hanwha Signals Readiness to Build Nuclear-Powered Submarines at Philly Shipyard for U.S. Navy 
ByteDance Plans Massive AI Investment in 2026 to Close Gap With U.S. Tech Giants 
Waymo Plans Safety and Emergency Response Upgrades After San Francisco Robotaxi Disruptions 
Nvidia and Groq Strike Strategic AI Inference Licensing Deal 
Mexico Antitrust Review of Viva Aerobus–Volaris Deal Signals Growth for Airline Sector 
California Regulator Probes Waymo Robotaxi Stalls During San Francisco Power Outage 
John Carreyrou Sues Major AI Firms Over Alleged Copyrighted Book Use in AI Training 
Hyundai Recalls Over 51,000 Vehicles in the U.S. Due to Fire Risk From Trailer Wiring Issue 
Boeing Wins $2.04B U.S. Air Force Contract for B-52 Engine Replacement Program 
Nike Stock Jumps After Apple CEO Tim Cook Buys $2.9M Worth of Shares 
South Korean Court Clears Korea Zinc’s $7.4 Billion U.S. Smelter Project, Shares Surge 
FTC Praises Instacart for Ending AI Pricing Tests After $60M Settlement 
Warner Bros. Discovery Shares Slide Amid Report of Potential Paramount Skydance Lawsuit 
Eli Lilly and Novo Nordisk Battle for India’s Fast-Growing Obesity Drug Market 
WASHINGTON, Feb. 09, 2017 -- America’s Mutual Banks (AMB), an association of mutual financial institutions, announced today the findings of a Report commissioned by AMB and issued by RP Financial LC. which offers compelling reasons to recalibrate the current asset size definition of small bank holding companies in existing law to $5 billion. This recalibration was proposed in the form of H.R. 3791 and passed by the House in the 114th Congress by Congresswoman Mia Love (R. Ut). Its principal benefit will be to provide flexibility to mutual banks, Sub S banks and other closely held banks, who are unable to access the equity markets, with the capital tools that will enable them to gain competitive equality. Chuck Boulier, AMB’s Chairman, said: ”The RP Study and the data collected is compelling in its conclusions regarding the need to take action. We are resolute in our support for legislative flexibility that will fuel the growth of mutual banks. We believe the enactment of the relief we seek will halt the historical decline of the market share that mutual, Sub S and closely held banks hold and spark an increase in small business and community lending that will revive small communities which have been barely served by megabanks”. Highlights from that study are:
- 1. Megabanks Dominate Banking.
- 2. Small Banking Companies Have Lower Access to Capital.
- 3. Community Banks Need To Grow To Achieve Competitive Equality.
- 4. Smaller Banks are concentrated in the Heartland.
- 5. Smaller banks Are Committed To Lending.
- 6. Smaller Bank Holding Companies Rely on Deposits For Funding.
About America’s Mutual Banks And How To Obtain A Copy Of The Report
America’s Mutual Banks is an association of like-minded mutual banks dedicated to preserving and advancing the mutual banking form. America’s Mutual Banks is headquartered at 701 8th Street NW, Suite 700, Washington, D.C. 20001. Please visit www.americasmutualbanks.com or contact Douglas Faucette, Locke Lord LLP, at 202-220-6961 with any questions or requests for a copy of the RP Financial report or additional information on America’s Mutual Banks.
Contact: Douglas Faucette Locke Lord LLP T: 202-220-6961 [email protected]
