Banker expects more rules
Bridge Bancorp president Kevin O’Connor warned shareholders of the company, which owns Bridgehampton National Bank, to expect some kind of bank regulatory reform this year from Congress, although he said he didn’t know what shape it would take.
The reason it will pass, O’Connor said, is simple: “People do hate banks, and they’re going to try to punish them.”
He said he met recently with Long Island members of Congress in Washington, and he said they were glad to see him because bankers are one of the few people more loathed than politicians.
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Out East Show: Visit The Shamrock evergreen maze, Sannino Vineyard, Seven Ponds Orchard and the Warrior Ranch Foundation NewsdayTV's Doug Geed is heading 'Out East' to showcase the ultimate local spots you need to explore.
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