Gilleran Resigns From OTS
After more than three years as director, James Gilleran is leaving the OTS on April 29, 2005. During his tenure, Director Gilleran supported the mutual charter and worked to reduce the regulatory burden for OTS-regulated institutions. Click here to read ACB’s statement. Click here to read the OTS press release.

Mutuality And Commercial Lending
A recent article in American Banker focused on mutual institutions increasing their commercial lending business. ACB’s Bob Seiwert, senior vice president for commercial banking solutions is quoted. Click here to read the article. ACB Business Partners, Inc. offers member-advantaged pricing with Omega Performance Corp., an industry leader in educational training and consulting for commercial banking. For more information, contact Bob Seiwert at [email protected].

OTS Approves Request To Strengthen Bylaws
In March 2005, the Office of Thrift Supervision approved the request of a mutual holding company to amend the company’s bylaws to include a stronger version of the agency’s preapproved “bad boy” bylaw. Click here for more.

Charter Choice Remains In The News
The right of credit unions to convert to a mutual charter has continued to resonate within the industry in the wake of the Credit Union Times op-ed written by ACB Second Vice Chairman Mark Macomber and Mutual Institutions Committee Chairman Steve Swiontek and the attention given to the topic at ACB’s Government Affairs Conference. CU Times Publisher Mike Welch responded with an editorial rebutting ACB’s stance on charter choice, and the American Association of Credit Union Leagues (AACUL) announced it was creating a task force to deal with the issue.

Archive Now Available
Miss an issue? Check out A Mutual Exchange back issues in the mutual section of ACB’s Web Site. Click here for the archive.