Mike Ellenburg

630 posts

Mike Ellenburg

Mike Ellenburg

@mikefssb

49 years of community banking

Katılım Eylül 2011
159 Takip Edilen256 Takipçiler
Mike Ellenburg retweetledi
Preston Kennedy
Preston Kennedy@BankPres·
“The challenge with the try, fail, and try again method in banking is that we are not chartering very many new banks as the cost to entry has risen to $40 million or more to start one.” We are down to 4,000 banks in the United States not because of some overwhelming need for scale and consolidation - despite the overheated and self-serving claims of the voracious M&A industry. Waves of consolidation have *always* been met with corresponding waves of de novo formation of community banks - until the rules changed after the 2008 financial crisis when regulators raised nearly unobtainable barriers to entry. Thousands of communities across America have lost their locally owned, locally managed, and locally capitalized financial institutions due not to a lack of interest but to an incredibly high level of capital and other disincentives for potential community bank founders. Jeff Marsico is a keen observer of trends in banking. He is both a realist and an optimist when it comes to his opinions on community banking. Follow him on X, and read “Jeff on Banks”. You will not be disappointed.
Jeff Marsico@JeffMarsico

Failure is ok in #banking. Wait. What? I weigh in on the Republic First Bank failure. kafafiangroup.com/2024/05/01/fai…

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Sage Steele
Sage Steele@sagesteele·
Grateful that the @IWF & @SenTuberville are including me in this fight for Title IX & women's sports. Leagues, commissioners, coaches & parents--don't force girls/women to do this alone! Actions not words (and elections) mean more now than ever before. Silence is compliance. 🙏🏽
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Tim Zimmerman
Tim Zimmerman@TimZimPgh·
Derek, you have done an incredible job as Chairman of ICBA and representing Community Banking. You and Karen generously gave your time and talent to support community banks. You helped to ensure there is a bright future for community banks and the communities they serve.
Derek B. Williams@DerekBWilliams

Last year I posted from this dock just before #ICBALIVE 2023 in anticipation of fulfilling a career-long goal of becoming @ICBA Chairman. It’s hard to believe an incredible year has passed. #CommunityBanking is stronger than ever because of @ICBA and committed community bankers who passionately believe in what they do everyday. Now on to #ICBALIVE 2024 in #Orlando and another year of fighting for our great industry and protecting what we love. Congratulations to new @ICBA Chairman @LucasNWhite on this tremendous and well-deserved honor. Saddle up for the ride of your life!

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Jill Castilla
Jill Castilla@JillCastilla·
Wow, the depositors of the selling bank were FDIC insured and the purchasing credit union has elected to not be federally insured. That’s a tough disclosure & seems crazy that you can even do that. 🤷‍♀️
Independent Community Bankers of America@ICBA

One of the latest #creditunions to acquire a #communitybank is not only exempt from taxes and the #CommunityReinvestmentAct—its deposits aren’t federally insured. Consumers can urge Congress to hold a hearing on #creditunion policy here: creditunionquestions.com

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Riley Gaines
Riley Gaines@Riley_Gaines_·
Trans-identified male player for Kipp Academy in MA injured 3 girls before half time causing Lowell Collegiate Charter School to forfeit. A man hitting a woman used to be called domestic abuse. Now it's called brave. Who watches this & actually thinks this is "compassionate, kind, and inclusive"?
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Barry Kennedy
Barry Kennedy@barrywkennedy·
@RepCohen The exclusive title of the song explains why I don't stand. @RepCohen there are many diverse cultures in this country and singling out one doesn't warrant my attention just because "National" is tossed into the mix. However if it makes you feel good, go ahead and cater.
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Mike Ellenburg retweetledi
Nick Sortor
Nick Sortor@nicksortor·
🚨 SPEAKER MIKE JOHNSON TO BLOCK SENATE’S MASSIVE UKRAINE AID PACKAGE @SpeakerJohnson just came out saying that the House will NOT take up the overblown Ukraine bill because the focus MUST be on our own border security before even talking about foreign aid. Johnson says the House will be working on its own bill. HOLD THE LINE! NO MORE MONEY TO UKRAINE. FIX OUR OWN FREAKING BORDER.
Nick Sortor tweet mediaNick Sortor tweet media
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Mike Ellenburg
Mike Ellenburg@mikefssb·
I agree 100% McConnell needs to go.
Leading Report@LeadingReport

BREAKING: Sen. Mike Lee calls for Senate Minority Leader Mitch McConnell to step down from his leadership post. “Why do you want Mitch McConnell to step down?” Fox News host Maria Bartiromo asked Lee. “Look, Republican senators are not part of some feudal system. We each are represented to — we’re each representing our own states. And in occasion after occasion, bill after bill, we have seen Senate Republican leadership joining ranks with all or most Democrats, sharply dividing Republicans, actively alienating most Republican voters and taking a different position than most Republican senators in order to enact Democratic priorities and things that unite the Senate Democratic conference.” “This is nothing personal against any individual in leadership,” Lee continued. “And yet we do have to deal with this issue because this is how we alienate our voters. This is how we lose elections that should be won. We have got a real opportunity, Maria, for Republicans to take the majority this November. But if we keep doing things through our leadership that end up enacting priorities for the Democrats, we’re going to have brand confusion. And the voters who we need to show up to vote for Republican candidates in Senate races all over the country are going to be less likely to do that if they can’t tell which team is responsible for what policy.”

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Mike Ellenburg
Mike Ellenburg@mikefssb·
As far as I am concerned they should kick MacFee off
Graham Coffey@GrahamCoffeyDC

@MikeB49611740 Better than what? I’m not making a conclusion on what those events mean. I’m just laying out a timeline that I’d imagine many others have already thought about

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Steve Fleming
Steve Fleming@bigaub·
@AuburnMBB 99 @AlabamaMBB 81 I’m so proud and happy that @coachbrucepearl is our coach. He’s made Auburn basketball fun again (for a decade now). Let’s go for another decade, Bruce. 🐐
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Derek B. Williams
Derek B. Williams@DerekBWilliams·
It's not just about banks complaining about the tax exemption out of fairness anymore. It's about common sense. No common bonds, no commitment to people of "modest means", no CRA-type accountability, and billions in lost tax revenue. #WakeUP Washington, DC! @ICBA After 90 Years, It Is Time to Wean Credit Unions off Taxpayer Subsidies taxfoundation.org/research/all/f…
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Mike Ellenburg
Mike Ellenburg@mikefssb·
@TTuberville I think McConnell needs to leave the senate, or switch to Dem.
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Tommy Tuberville
Tommy Tuberville@CoachForGov·
I can't believe this is the "border security bill" that's been "negotiated". This bill DESTROYS American sovereignty. It will weaken immigration laws for decades and handcuff the next President that actually wants to secure our borders and defend our country. This bill has been crafted to solidify the invasion of illegals into the United States of America. I'm an immovable NO.
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Rebeca Romero Rainey
Rebeca Romero Rainey@romerorainey·
Another day, another historically large acquisition of a tax-paying community bank by a tax-exempt credit union. Consumers, tell Congress to investigate how credit unions are leveraging your tax dollars. creditunionquestions.com
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Mike Ellenburg
Mike Ellenburg@mikefssb·
Call out national guard
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