"A group of regional and middle market U.S. banks have created their own lobbying organization, as they seek to differentiate themselves from major Wall Street firms.
The formation of the so-called American Securities Association on Wednesday comes as big banks are facing increased scrutiny from regulators about their size and risk to the financial system.
Regional banks, which typically cater to the needs of mid-sized businesses and local families, serve a different purpose than their Wall Street counterparts."
Main Street banks launch new trade group
