The forecast gives businesses information they can use to see how and where to invest in their businesses moving ahead, said Kenny Craig, chamber president and chief executive officer.
“I think he has a unique perspective because he can see kind of from a national perspective what’s happening and then from a more regional perspective, he can bring that down to our region so we can see what to expect from our region economically in the next several months and the year going forward,” Craig said.
Wilson has been chairman of the American Bankers Association since October of last year. The association sent a letter last month to President Barack Obama in appreciation of Obama’s regulatory relief initiative. The association says regulatory burdens are blocking the ability of banks to serve consumers and promote economic growth, such as the demand for high capital ratios, confusion of mortgage borrowers and lenders, lack of flexibility of commercial real estate lending and price controls on debit card transactions.
Without any relief, Frank Keating, ABA president and chief executive officer, said the amount of credit banks provide local communities will be restricted and the industry can be expected to contract.
LCNB opened a branch in Hamilton in 2001. According to the Lebanon-based bank, it has 26 branches in the Cincinnati and Dayton region.
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