First Bank, with assets of around $1 billion, is a relatively small community bank based in Damariscotta, Maine. For 140 years, it has been providing finance within communities along the Maine coast. But Stephen Ward, its treasurer and chief financial officer, has concerns beyond his local community. As with risk managers all over the world, the issue of how the new Basel capital Accord will affect the bank weighs on his mind.
He knows he will eventually have to take steps to more closely al