Community Banker Alert
To: PA Community Bankers
From: Frank A. Pinto, President/CEO
Subject: Comments on OTTI & FV FSPs to FASB due by April 1
Date: March 24, 2009
Attached is a letter to FASB with comments on the proposed FSPs relating to OTTI. Please be sure to get your comments to FASB by either e-mail or hard copy by April 1, 2009.
It is imperative that we continue to fight for what we know to be the right moves to get our nation's financial system back on track. We need to continue to flood all offices in Washington, D.C., whether they be Congress, the FDIC, FASB, and even the White House, with our message. Inch by inch, we are moving closer to solving some of the problems that hold your institutions back from serving your communities to the fullest.
Thank you for your work.