Rolling For Repeal

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Riding for Secure Financial Access to Every American

What Is Rolling For Repeal?

Pennsylvania’s Community Banks are responding to urgent concerns about bank regulations on bank customers and consumers. The Rolling for Repeal motorcycle tour highlights the crippling costs Pennsylvania communities and consumers pay because of Dodd-Frank legislation (The Wall Street Reform and Consumer Protection Act of 2009) signed into law by President Obama.

UPDATE (05.23.2018)
Through Rolling for Repeal, Pennsylvania’s Community Banks began a movement that continues today. Initially, we toured the state on motorcycles in response to concerns about the negative impact restrictive bank regulations were having on customers and consumers. We crossed the Commonwealth advocating for regulatory relief, and got it. With bipartisan support the Economic Growth, Regulatory Relief and Consumer Protection Act (S.2155) passed and our communities are stronger for it. We continue to roll to promote community banking and to secure financial access to every American, whether in rural valleys or urban neighborhoods.


Why Are We Rolling For Repeal?



Pennsylvania cannot afford to lose one more community bank due to misguided regulations. The intent of the 2,300 page “Wall Street Reform and Consumer Protection Act” was to reign in the risky, unethical practices of our nation’s largest financial institutions. FDIC statistics will prove that over the past 8 years the largest financial services companies (those over 1 trillion in assets) grew larger, which can easily be interpreted as posing a greater risk to our nation’s economy. The regulations have significantly strained Pennsylvania’s community banks by introducing an environment that forces mergers and threatens consumer options. Dodd-Frank has become a political litmus test to the two political parties in Washington, DC, but on Main Streets across America, the aftermath is fewer community banks and fewer consumer choices.

UPDATE (05.23.2018)
Many Pennsylvanians fail to realize the benefit of #BankLocal. Through the initial phase of our tour, the advocacy segment, it became clear to us that many residents suffer through economic hardship simply because they are not aware of the resources available to them at their local community bank (#BankLocal).

Community banks are dedicated to working with their customers to identify ways to achieve financial goals. While regulations may still prevent a bank from making a loan, a community bank can advise their customers about ways to secure funding within the regulatory system that governs a banks decision-making authority. While some large institutions say “no” to a loan application, a community bank might say “yes” or at least offer guidance to the consumer.

Over the past decade many Pennsylvania counties have lost their community banks. Today 15 counties have no headquartered bank within their borders, while another 15 only have one. We can’t afford to lose one more community bank.


Rolling for Repeal is Making an Impact!

The Rolling for Repeal tour continues to sound the alarm warning that Pennsylvania cannot afford to lose one more community bank. Our warning has been heard and the U.S. Senate has taken action. On March 14, 2018 the Senate passed pro-community bank legislation and urged the House to advance needed relief immediately. The bipartisan Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) would bolster local economic and job growth by providing much-needed relief to Main Street community banks.

For additional information on S. 2155 please visit the ICBA’s website: CLICK HERE

To participate in the Reg Relief petition drive, please visit the ICBA’s petition page: CLICK HERE

UPDATE (05.23.2018)
FOR IMMEDIATE RELEASE
May 23, 2018
Contact: Nick DiFrancesco
President /CEO
Pennsylvania Association of Community Bankers
(717)-580-3287

Pennsylvania Association of Community Bankers (PACB) Applauds US House Passage of S.2155 the Economic Growth Regulatory Relief & Consumer Protection Act

HARRISBURG, PA – Yesterday the U.S. House of Representatives passed S.2155 with bipartisan support. Nick DiFrancesco, President/CEO of Pennsylvania Association of Community Bankers said, “PACB applauds the passage of S.2155 Economic Growth Regulatory Relief & Consumer Protection Act in the US House of Representatives. Over the past decade, rural communities and the most economically depressed urban neighborhoods, like Coatesville, PA, have suffered through the loss of financial services because of Dodd-Frank’s collateral damage. S.2155 corrects the overreach of Dodd-Frank and keeps intense regulatory focus on the largest Wall Street banks. It is the people of Pennsylvania who benefit the most from this corrective legislation.”

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Where Is Rolling For Repeal Going?

Tuesday, July 17, 2018 — Thursday, July 19, 2018
Marquette Savings Bank — Erie, PA
Greenville Savings Bank — Greenville, PA
Brentwood Bank — Bethel Park, PA
Standard Bank, PaSB — Monroeville, PA


Where Has Rolling For Repeal Been?



Click on the thumbnails above to open a pop-up of all of the images in each respective gallery. From there, you can click on each thumbnail to view the larger image, scroll through all of the images, or start a slide show for that gallery. Also, if you click on the gallery title (gallery view) or image title (picture view), you can view the images on our PACB Flickr page.


How Can You Schedule A Rolling For Repeal Stop In Your Hometown?

PACB hopes to reach as many community banks as possible before PACB Convention 2018. If you would like to add your community bank as a stop on the Rolling For Repeal tour, please contact Jena Wolgemuth by phone at 717.231.7447 or by email at jena@pacb.org.

Every stop we make on the tour helps to ensure that your community bank will survive, thrive, and be there to assist your community in Keeping The Lights On In Our Hometown.

ROLLING FOR REPEAL: IN THE MEDIA

Transactions Magazine Articles

Rolling For Repeal: An Effort To Educate by: Jeff Coleman

Of Bikes and Banks: On A Roll by: Diane McNaughton

Still on a Roll: Rolling For Repeal Roars On by: Diane McNaughton


Broadcast News Coverage

WBRE/WYOU, October 3, 2017: “Roll for Repeal” by Jayne Ann Bugda – WATCH THE VIDEO

WTAJ, October 18, 2017: “‘Roll to Repeal’ campaign focuses on community banks” by Karina Cheung – WATCH THE VIDEO


Newspaper Coverage

Pocono Record, October 2, 2017: “Wall Street regulations limit local access to credit” by Howard Frank – READ THE ARTICLE

Sun-Gazette, October 20, 2017: “Traveling rally argues regulations too tough on institutions, consumers” by Mike Reuther – READ THE ARTICLE

Parkland Press, May 16, 2018: “Biker-bankers seek to reform Dodd-Frank” by Stephen Althouse – READ THE ARTICLE

The Morning Call, May 23, 2018: “Community banks call bill rolling back some Dodd-Frank rules ‘relief for Main Street'” by Andrew Wagaman – READ THE ARTICLE

FOLLOW ALONG ON OUR RIDES!

Rolling For Repeal on Social Media

PACB’s Facebook Page: PaCommunityBanks
PACB’s Twitter Account: @PaCommBankers
PACB’s Instagram Account: PaCommBankers
PACB’s YouTube Channel: PaCommunityBankers
PACB President/CEO Nick DiFrancesco’s Twitter Account: @PACB_Nick
PACB Chairman & JBT President/CEO Troy Peters’ Twitter Account: @TroyAPeters
Rolling For Repeal Hashtags: #RollingForRepeal, #bikeonasmile



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