The Independent Community Bankers of America® (ICBA) today announced the hire of Mary Randolph Gannon as vice president of political operations. In this role Gannon will oversee the day-to-day responsibilities and operations of ICBPAC—ICBA’s political action committee—in alignment with ICBA’s policy objectives.
The minority owned community bank, today announced it has been ranked in the top 100 best performing U.S. community banks under $3 billion in asset size by S&P Global Market Intelligence.
On behalf of community banks across the country, with more than 52,000 locations, I write to thank you for your letter regarding community banks’ role in the distribution of Economic Impact Payments (EIPs), as provided for in the CARES Act.
ICBA told the Federal Reserve it is concerned the agency's Main Street Lending Program excludes small businesses because it has a minimum loan amount of $1 million.
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today's Consumer Financial Protection Bureau final rule on Home Mortgage Disclosure Act data reporting.
ICBA called on policymakers to immediately approve additional funds for the Paycheck Protection Program with the initial round of program funds expected to be exhausted soon.
With the right policies in place, community banks are well positioned to channel credit expeditiously to help small business bridge this temporary economic shutdown, preserve their workforces, and be ready to restart once restrictions have been lifted.
ICBA updated its frequently asked questions on the federal response to the COVID-19 pandemic with information on Economic Impact Payments—the federal stimulus payments going out to eligible individuals and households.
The Independent Community Bankers of America and nearly 30 state banking associations today sent a letter to Treasury Secretary Steven Mnuchin and Small Business Administrator Jovita Carranza imploring them to do everything in their power to assure timely access to the Paycheck Protection Program for the roughly one-third of the community banking industry.
The Independent Community Bankers of America and The Venture Center, in partnership with the State of Arkansas, today hosted the ICBA ThinkTECH Accelerator Virtual Demo Day, for its second cohort.
The Independent Community Bankers of America today called on federal regulators to make needed changes to their proposal to reform Community Reinvestment Act regulations to promote equitable, consistent, and transparent implementation of the law.
Apr 8, 2020
| Letters to Congress| Letters to Regulators
During the Great Recession, CDFIs played a pivotal role in stabilizing the local economies and preserving and creating jobs in low- and moderate-income communities. Likewise, the 2020 recession is already taking a devastating toll on the most economically fragile households and the communities where they live.
ICBA leadership represented the nation’s nearly 5,000 community banks at a virtual meeting held at the White House with President Donald J. Trump to discuss the status of the Paycheck Protection Program created by the recently enacted CARES Act.
ICBA sent a letter to U.S. Treasury Secretary Steven Mnuchin and Small Business Administrator Jovita Carranza early this morning laying out urgent recommendations for the Paycheck Protection Program so that every community bank across the nation has the capability to access the system and help their customers during this critical time.
Federal regulators said they will consider comments submitted before May 1 on their proposal to modify the Volcker rule’s general prohibition on banking entities investing in or sponsoring hedge funds or private equity funds. The previous deadline was April 1.
If the Paycheck Protection Loan Program doesn’t work for all community banks, both current SBA 7(a) lenders and otherwise, then it will fail to achieve its objectives. Our concerns are outlined in this letter, together with our recommended changes.
If the Paycheck Protection Loan Program doesn’t work for all community banks, both current SBA 7(a) lenders and otherwise, then it will fail to achieve its objectives. Our concerns are outlined in this letter, together with our recommended changes.
In honor of Community Banking Month in April, the Independent Community Bankers of America recognizes the unmatched role that the nation’s nearly 5,000 community banks serve in helping their customers and communities through times of challenge.
