Small American Bank Owners Meet the President

Tuesday, December 22, 2009

One week after meeting with the heads of major banks, President Obama is scheduled to meet with the leaders of small and community banks today. He is likely to make the same request to them as he did the big banks: 'Please lend more.' With major banks taking up most of the headlines all year long, we wanted to take a look at how community banks are doing, and the answer may surprise you. Mike Menzies is the president and CEO of a small community bank, Easton Bank and Trust in Easton, M.D. – he says his bank will finish the year with a profit, but fears the next couple of years will be rough. David Gillen is finance editor for The New York Times, and says that community banks have actually done well despite the constant reports of bank closings.


David Gillen and Mike Menzies

Hosted by:

Todd Zwillich


David J Fazekas

Leave a Comment

Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.