Panel examines banks’ role
Special to the Daily
Vail, CO Colorado
VAIL, Colorado – The Vail Symposium presents a free panel discussion about banks and their role in economic revival on Monday at the Park Hyatt Beaver Creek.
How can American banks provide solutions to the current economic crisis and help create a path to recovery? The president and CEO of the Colorado Bankers Association, Don Childears, and the chairman and CEO of Centennial Bank, Jim Basey, will examine this complex question and propose answers in a discussion moderated by the regional president for Alpine Bank in Eagle and Routt counties, Glenn Davis.
“What could be timelier than an expert view of the bank’s role in the economic recovery? I know: two experts’ views on the economic recovery,” said Alby Segall, CEO and president of the Vail Symposium.
Childears and Basey agree that small businesses will play a role in the economic recovery and that banks play a large role in providing funding for those businesses.
“Community banks represent less than 11 percent of U.S. banking assets but provide nearly 40 percent of the loans that the banking industry makes to small businesses,” Basey said.
“The money banks lend is the fuel of economic resurgence, and banks want to help customers achieve their goals with the use of that money,” Childears said. “For example, we’re helping small businesses succeed in getting loans with our highly acclaimed smallbizlending.org recent initiative.”
The Colorado Bankers Association collaborated with various public, private and nonprofit lending institutions to create smallbizlending.org, which provides entrepreneurs and small business owners in Colorado with the information and resources to successfully apply for business loans, access lines of credit, pursue micro-lending solutions or find other financing options.
Members of the Colorado Bankers Association, which Childears leads, have more than 90 percent of Colorado’s bank assets, offices and employees. He received his juris doctor from the University of Denver College of Law and BSBA from Colorado State University. He also attended the Graduate School of Banking at the University of Colorado. Childears serves on numerous boards, including the Board of the American Bankers Association. He frequently presents and teaches government, political influence and banking, often speaking on behalf of the banking world to various media.
Basey is the chairman and CEO of Centennial Bank and a founder and a director of CIC Bancshares Inc., the holding company for Centennial Bank. He has more than 40 years of banking and community leadership experience, including 30 years in executive positions in multibillion-dollar national banking firms, as well as community banks. Basey received his B.A. in accounting from the University of Northern Colorado and graduated from the Colorado School of Banking, Graduate School of Business, University of Colorado at Boulder.
Tracey Flower is a communications associate with the Vail Symposium.