ESSEX - Gregory R. Shook, president and chief executive officer of Essex Savings Bank, recently traveled to Washington, D.C. where he met with legislators and regulators to discuss how recent banking proposals have impacted Connecticut communities.
Shook was one of 37 bankers from Connecticut, Massachusetts and Rhode Island who visited Washington to voice the concerns of the many bankers who have run their banks prudently throughout the present financial crisis. These banks are now facing the challenges and issues that have resulted from the changes created to contain problems faced by the larger conglomerate banks.
During the two-day visit, bankers received briefings on the industry and were able to present their views to Michael Barr of the Department of Treasury, Federal Deposit Insurance Corporation Director Thomas Curry, Office of the Comptroller of the Currency Director John Dugan, Federal Reserve Vice Chairman Donald Kohn, and others.
“This visit provided me the opportunity to present our community’s perspective on the major banking issues being discussed in Washington,” said Shook.
Essex Savings Bank is a FDIC insured, state chartered, mutual savings bank established in 1851. It serves the lower Connecticut River Valley with offices in Essex, Old Saybrook, and Old Lyme.