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Rosemont Students Participate in Community Bank Case Study Competition

Two teams of Rosemont students were commended by Pennsylvania Acting Secretary of Banking and Securities Richard Vague along with students from nine other Pennsylvania colleges and universities, as they competed in the 2020 Conference of State Bank Supervisors (CSBS) Community Bank Case Study Competition.  

One team included: Peter Fay, Bryanna Galvan. Mohammed Al Jumali, Elizabeth Omobusola Oke-Coleman, and Perry Belcher. The other team included Stephen Vye, Madison Yeager, Abigail Brooks, Amber Lomax, and Paul Fedele.

Faculty advisors to both teams were Professor Christine Hagedorn and Professor Kenneth Romanowski from the Business department.

Professor Romanowski emailed the students, saying "The other day, as I was reviewing your banking projects, I thought about the invaluable opportunity you have experienced. The BSA/AML Case Study is typical of the type of activities that bankers engage in on a regular basis.

Employees who are either in an administrative capacity or on the front line, are called to participate in similar studies. Additionally, you worked directly with professionals in the field, and benefited from their expertise.  Your project was HANDS-ON, REAL LIFE experience for your resume!!!! Congratulations on completing your task!  You have made us very proud!"

Read the Press Release from the Pennsylvania Banking and Securities Commission.

A total of 37 teams from 33 colleges and universities in 18 states have made submissions for the CSBS 2020 Community Bank Case Study Competition. This year’s competition looks at the impact of the Bank Secrecy Act and Anti-Money Laundering (BSA- AML) requirements on community banks.

Student teams partner with a local bank to examine compliance challenges, associated time and costs and identify potential regulatory reforms.