Attorneys & Professionals
Michael Martz, a partner in the Vorys Columbus office and a member of the corporate group, was included on Columbus Business First’s “20 People to Know in Banking and Finance” List. According to the paper, individuals on the list “are front and center in the industry.” Martz was selected for his work representing financial institutions.
An interview with Martz was published and included the following question:
How will the Dodd-Frank Wall Street Reform and Consumer Protection Act affect the businesses and individuals who are your clients?
“The law has generally had a negative impact on our clients, which are primarily regional and community banks, and the industry as a whole. The additional regulatory burden that has been placed on them is quite costly and a distraction from the business of banking. In order to deal with these additional requirements and the high compliance costs, many community banks are facing potential consolidation which would reduce the number of competitors in the market and access to credit in many communities.”
To read the entire interview, visit the Columbus Business First website. (Subscription may be required).