The Knowledge Group
The Knowledge Group

Michael L. Stevens, SVP & Director of Regulatory Affairs at the CSBS to Speak at KC’s Teleconference on "New Regulatory Changes in the FDIC Deposit-Insurance Fund"

New York, NY, December 11, 2006 --(PR.com)-- The Knowledge Congress, the leading producer of regulatory focused teleconferences, has announced today that Michael L. Stevens, Senior Vice President and Director of Regulatory Affairs for the Conference of State Bank Supervisors (CSBS) will speak at the Knowledge Congress’ upcoming teleconference on “New Regulatory Changes in the FDIC Deposit-Insurance Fund & Its Impact on Financial Institutions." This event is tentatively scheduled on January 4, 2007 at 11:00 AM EST.

As a widely anticipated consequence of legislation passed in Congress, the FDIC’s board recently voted to approve an increase of annual premiums. The new premiums, which range from .005% to .007% of a bank’s insured deposits, are higher then the anticipated .01% to .03% increase. Furthermore, the premiums will differ among banks depending on a number of factors including:

* Supervisory rating
* Financial ratios
* Debt ratios (larger banks)

To help untangle the confusion surrounding this legislation, The Knowledge Congress has assembled a panel to help make sense of it and how it will affect your bank. The panel will present their findings including a best practices segment at a two-hour teleconference scheduled for January 2007.

About Michael L. Stevens

Mike serves as Vice President & Director of Regulatory Affairs for the Conference of State Bank Supervisors (CSBS). In this capacity, Mike represents the state banking system in the development of federal regulatory policy in the areas of consumer protection and safety and soundness. He is also responsible for any issues related to the coordination and cooperation between state and federal regulators. Mike serves as the staff director for the Regulatory Committee, State Federal Working Group, and the FFIEC’s State Liaison Committee. Prior to this assignment, Mike worked in all facets of CSBS’s Professional Development Division. He is a frequent instructor and speaker on bank examination, bank financial analysis and leadership issues. Mike serves on the faculty of the Graduate School of Banking at Colorado, the Texas Tech Bank School and the Graduate School of Bank Investments and Financial Management. Prior to joining CSBS in 1999, Mike was a bank examiner for the Iowa Division of Banking for 11 years.

Mike is a graduate of the University of Nebraska at Omaha. He lives in Ashburn, Virginia with his wife, Becki, and two children.

For more information about Michael L. Stevens and his organization, please visit: www.csbs.org

About The Knowledge Congress

The Knowledge Congress is an organization that produces teleconferences to examine regulatory changes and business trends across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour teleconferences to study the impact of changing regulations and industry trends.” To contact or to register to an event, please visit: http://www.knowledgecongress.org

Thomas LaPointe, Jr., Executive Director
tlapointe@knowledgecongress.org 

Therese Lumbao, Director, Account Management & Member Services
tlumbao@knowledgecongress.org

The Knowledge Congress
Phone: 646.202.9344
Fax: 646.219.5381
http://www.knowledgecongress.org

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The Knowledge Congress
Thomas LaPointe, Jr., Executive Director
646-202-9344
www.knowledgecongress.org
Therese Lumbao
Director, Account Management & Member Services
tlumbao@knowledgecongress.org
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