Harrisburg, PA - Secretary of Banking and Securities Robin L. Wiessmann congratulated students from Juniata College for winning first place out of 58 college teams in the national 2019 Community Bank Case Study Competition. They will each receive a $1,000 scholarship.
“On behalf of the Department, I’m thrilled to congratulate the students from Juniata College and Kish Bank on a fantastic case study,” said Wiessmann,
The team partnered with Kish Bank in Belleville, Pa., to prepare a case study focused on a recent regulatory relief provision contained in the Economic Growth, Consumer Protection and Regulatory Reform Act. These relief provisions are intended to spur lending activity and reduce compliance costs for smaller banks and credit unions.
“The case study that Juniata College students prepared will help banks understand how the regulatory relief provisions will affect them,” said Wiessmann. “For the students, this competition gave them the opportunity to work directly with senior bank management and see first-hand the value of community banking.”
Team finalists were notified on Twitter via @CSBSNews earlier this morning during the CSBS State-Federal Supervisory Forum in Austin, Texas. In October, Juniata College students will present their case study at the 2019 Community Banking in the 21st Century Research and Policy Conference at the Federal Reserve Bank of St. Louis.
Since 2017, the Pennsylvania Department of Banking & Securities has actively supported students and universities in the competition by:
· Informing colleges and faculty about the program
· Helping identify bank partners for student teams
· Promoting the successes of Pennsylvania teams
This year, 17 teams from Pennsylvania colleges and universities participated in the competition.
Said Wiessmann, “We congratulate all of these students for their hard work. Their case studies add valuable insight to the academic literature about community banks and their vibrancy here in the Commonwealth.”
As part of a broader emphasis on student engagement, the Department also encourages students to pursue financial services industry careers with programs like the Next Generation Bankers Academy and FinLit.
For more information on the Community Bank Case Study Competition, visit http://www.csbs.org/bankcasestudy.
Consumers are reminded that if they have questions about banks, bank products, or bank transactions they can call the Department of Banking and Securities at 1-800-PA-BANKS to discuss their issues with a trained professional.
Dulcey Antonucci, Department of Banking and Securities
Gabe Welsch, Juniata College
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