The challenges facing community banks have changed significantly over the past 10 years. Community banks have demonstrated remarkable resilience, and conferences like this have helped regulators and supervisors to better understand those changes. -2I want to congratulate the Federal Reserve Bank of St. Louis for a decade of hosting an important and informative conference.
And I want to thank our colleagues at the Fed, the FDIC, and the Conference of State Bank Supervisors. On a sadder note, I want to recognize the passing of John Ryan, who was president of the CSBS, this past May.