The Federal Reserve System and Conference of State Bank Supervisors (CSBS) recently wrapped up the second annual Community Banking in the 21st Century Research Conference at the Federal Reserve Bank in St. Louis where they also released the report, "Community Banking in the 21st Century: Opportunities, Challenges and Perspectives," detailing the conditions facing today’s community bankers. The report contains the views of the community banking industry solicited by state regulators. Earlier this year, state regulators in 30 states hosted town hall meetings with a total of more than 1,300 community bankers. The info makes up the town hall summaries within the publication and provides valuable insights from the industry on the state of community banks. In addition to the town hall summaries, the Fed and CSBS added a new component to this year’s report: A comprehensive survey administered by state bank commissioners in 38 states. More than 1,000 community bankers participated in the survey, providing key data that helps quantify the challenges facing community banks today, and how these banks are responding to market conditions.