washington president donald trump promise meet community bankers thursday strip away dodd-frank financial regulations ensure continue give small businesses access capital trump join national economic council director gary cohn treasury secretary steve mnuchin say community bank play vital role u.s. economy nearly half private-sector workers employ small businesses must ensure access capital small businesses small businesses grow community bank backbone small business america trump say begin meet represent industry chief executives nine community bank assets around billion less head american bankers association independent community bankers america icba bankers attend 45-minute meet say discuss role community bank play rural areas provide real-world examples difficulties small bank institutions face bankers emphasize need tailor regulations fit size complexity bank say chesapeake financial share inc chairman ceo jeffrey szyperski one bankers meet chesapeake regional bank headquarter kilmarnock virginia 14 branch separate wealth management division focus message create tiered proportionate regulatory environment community bank say rebeca romero rainey head centinel bank taos community bank new mexico idea seem resonate trump ask question show pre-existing understand community bank landscape accord attendance icba one industry group meet advocate tiered system regulations tailor regulations bank size business model complexity risk type regulation need 700 million bank risk present different 200 billion bank trillion bank white house official say meet large bank able spread high compliance cost much big asset employee base small bank struggle high cost workloads one institutions participate standard financial corp monroeville pennsylvania nine branch 488 million assets earn 559,000 quarter end dec. 31 2016. plan merge rival southwestern pennsylvania deal roughly double size trump officials cite dearth applications form new community bank around 30 percent drop number small u.s. bank since 2008 impetus meet small bank go business every day past seven years szyperski say cite dodd-frank financial reform law enact 2007-2008 financial crisis reason new bank form stead trump promise bankers february executive order reduce regulation powerful would apply community bank sector mnuchin former ceo onewest bank regional lender southern california say confirmation hear january onerous regulations kill community bank pledge ease burden maintain proper regulation end world four big bank country also discuss meet compliance cost associate consumer financial protection bureau cfpb new regulator create dodd-frank cfpb perennial target republicans want shift fund federal reserve annual appropriations congress shift management concentrate powerful chairman multi-person commission structure separately thursday ask brief reporters whether trump still back campaign pledge restore glass-steagall act white house spokesman sean spic say law separate commercial investment bank activities repeal 1999 reinstate would mainly apply large bank trump administration make move thus far break big bank investors bid bank stock since trump election expectations would get regulatory relief force divest little indication legislation imminent priority take administration u.s. congress trump meet u.s. community bankers pledge scale back regulations