Adventures in Bank Regulation: How Slow Are the Employees at Monadnock Community Bank?

That's undoubtedly what NYT readers were asking after reading a piece saying that banks are fleeing federal regulators in order to avoid the excessive burden. The piece begins by telling us about Monadnock Community Bank, a small community bank in New Hampshire.

According to the piece, William Pierce, the president of Monadnock, is planning to sell the bank to credit union so that it can avoid the burdensome regulation of the Office of the Comptroller of the Currency (OCC). As an example...