Volume 6, Issue 3
The Banker’s Advocate
State Bank Department
September 30, 2009
77% oppose ‘de novo’ branching
By Richard S. Plotkin
prehensive plan for finan-
Approximately half of
Editor
Hot
cial regulatory reform calls
the states allow de novo
A large percentage of
for the elimination of
interstate branching, which
Arkansas state-chartered
Topic
statutory restrictions on
represents the authority to
banks oppose de novo
wants to permit nationally.
interstate branching by
establish a branch office
interstate branching, which
A proposal included in
federal- and state-chartered
across state lines without
the Obama administration
the administration’s com-
commercial banks.
See HOT TOPIC, Page 2

Technology
driving
Farm lien filings
marketing

Banks are
capitalizing on
being centralized
advances in
technology to
By Richard S. Plotkin
General Assembly.
market their
Editor
The intention is to pro-
services, but a
Uniform Commercial
vide a central location for
human touch
Code filings to perfect
UCC filings on collateral
still is needed.
liens on agricultural prod-
securing loans to farmers
Commentary
ucts and equipment no
who operate in multiple
on page 4.
longer will be accepted at
counties, said Representa-

county circuit clerk’s of-
tive David Dunn of Forrest
At right,
fices after year end.
City, co-sponsor of the bill
Umpqua Bank’s
These filings, including
with Senator Jim Luker of
Innovation Lab
continuation statements,
Wynne.
in Portland, OR are to be made only with “This is simpler and
features a the Secretary of State.
cleaner, one-stop shopping
“plasma wall”
These provisions are
that can display
for lenders,” said Dunn,
information to
included in House Bill
adding that it will eliminate
customers.
1984, passed as Act 942
the potential for missing a
during the 2009 Regular
Basil Childers/Basil Photography
Session of the Arkansas See FILINGS, Page 9
A ‘monolithic’ bad idea
I support sensible finan-
cial regulatory reform that
The Commissioner’s View
will strengthen the bank- and diversity in the mar- or destroy the dual bank-
ing industry and economy ket. Reform should re- ing system and consolidate
while enhancing consumer duce the tolerance of bank regulatory authority.
choice and filling gaps in banks and their regulators As I write this, there is
consumer protection. to excessive risk taking word that Senator Chris-
The regulatory reform and it must safeguard the topher Dodd of Connecti-
legislation that ultimately deposit insurance fund. cut, chairman of the Sen-
comes out of Washington What the legislation ate Banking Committee,
should foster innovation should not do is weaken
See
Candace Franks
VIEW, Page 8
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