Industrial Bank's B. Doyle Mitchell Discusses Impact Banking
In a wide-ranging interview, Industrial Bank President B. Doyle Mitchell discussed the bank's history, its positive reputation among D.C.-area businesses, and the burden of regulation for community development banks. "There's way more regulation that we have to adhere to... It's more difficult to help people. And I grew up in a business where I saw how we were helping people as a financial institution, we were able to make money at the same time -- we were able to do well and do good at the same time. Now there's so many "t's" that need to be crossed, so many "i's" that need to be dotted. If you don't have all your documentation lined up, sometimes it is more difficult to help people."