Detailing the Community Bank Provisions of the CARES Act

Mar 30, 2020 | News
On March 25, the U.S. Senate passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The House of Representatives is expected to pass the legislation, and the President is expected to sign it into law. ICBA succeeded in including a number of provisions that will help community banks sustain critical economic activity with access to credit to struggling small businesses, families, and individuals.

Nacha provides relief on signature requirements

Mar 30, 2020 | NewsWatch Today
Nacha said it will not enforce signature and similar authentication requirements for receiving depository financial institutions until further notice.

ICBA-Advocated Measures in Congress-Passed Coronavirus Stimulus

Mar 27, 2020 | Press Release
Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued this statement after the House passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, sending it to President Donald Trump to be signed into law.

Fed announces financial reporting relief

Mar 27, 2020 | NewsWatch Today
The Federal Reserve said it will not take action against financial institutions with $5 billion or less in total assets for submitting certain financial statements within 30 days of the March 31 filing deadline.

Several ICBA-Advocated Measures Included in Coronavirus Stimulus Deal

Mar 25, 2020 | Press Release
ICBA President and CEO Rebeca Romero Rainey issued this statement on the coronavirus stimulus package compromise reached today by Congress and the Trump administration.

ICBA Welcomes Venminder as Newest Preferred Service Provider

Mar 25, 2020 | Press Release
The Independent Community Bankers of America announced today that Venminder has been selected as the newest Preferred Service Provider for its third-party risk management software.

There When It Counts: Behind the Scenes of ICBA Advocacy

Mar 25, 2020 | NewsWatch Today
The Senate is convening now to advance the economic stimulus package responding to the coronavirus outbreak. We at ICBA often say that our star shines brightest when we are in the midst of a challenge—just as community bankers do.

ICBA: Community Banks Put the “Community” in Banking

Mar 25, 2020 | Press Release
At a time of social distancing, the Independent Community Bankers of America wants consumers to know that community banks put the “community” into banking and are here to serve the needs of their customers and communities throughout the coronavirus pandemic and beyond.

ICBA: Community Banks Continue to Serve Rural America

Mar 24, 2020 | Press Release
The Independent Community Bankers of America and the nation’s community banks are honoring the contributions of America’s local farmers, ranchers and agricultural enterprises during today's National Ag Day.

ICBA Letter to FASB Regarding Community Bank Relief from COVID-19

Mar 23, 2020 | Letters to Regulators
The Independent Community Bankers of America is writing to you today in the midst of an unprecedented health crisis that has temporarily placed considerable hardships on the nation’s communities that are served by community banks.

ICBA Offers Tips on FDIC Insurance During COVID-19 Pandemic

Mar 23, 2020 | Press Release
The Independent Community Bankers of America wants consumers to rest assured that their FDIC insured deposits are safe in their local community bank and offers additional tips for expanding coverage.

Agencies: Coronavirus loan modifications are not TDRs

Mar 23, 2020 | NewsWatch Today
Federal and state banking regulators said Sunday that they will not direct supervised institutions to automatically categorize coronavirus-related loan modifications as troubled debt restructurings.

ICBA Statement on Coronavirus Stimulus Package

Mar 22, 2020 | Press Release
ICBA President and CEO Rebeca Romero Rainey issued this statement on the coronavirus stimulus package that Congress and the Trump administration are developing.

ICBA: Insured Deposits Are Safe at a Community Bank

Mar 20, 2020 | Press Release
The Independent Community Bankers of America today reminded consumers and community banking customers that their insured deposits are safe and backed by the full faith and credit of the federal government through the Federal Deposit Insurance Corp.

Consumer, Civil Rights Groups & Industry Urge FDIC: Halt Approval of Industrial Bank Applications, Close ILC Loopholes First

Mar 19, 2020 | Press Release
The Bank Policy Institute, Center for Responsible Lending (CRL), NAACP, The Leadership Conference on Civil and Human Rights, and Independent Community Bankers of America sent a letter to Federal Deposit Insurance Corporation (FDIC) Chairwoman Jelena McWilliams urging the agency not to approve deposit insurance applications submitted by industrial banks or industrial loan companies (ILC) until its ILC rulemaking is final.

ICBA Statement on FDIC Industrial Loan Company Proposal

Mar 18, 2020 | Press Release
ICBA President and CEO Rebeca Romero Rainey issued this statement on the Federal Deposit Insurance Corp.'s proposed rule on industrial loan companies.

ICBA Letter to the House Financial Services and Ways and Means Committees

Mar 18, 2020 | Letters to Congress
On behalf of community bankers nationwide, with more than 52,000 locations, ICBA's president and CEO writes to forward recommendations for stimulus and relief measures that should be enacted expeditiously to mitigate the economic impact of the spreading coronavirus.

ICBA Letter to Senate Appropriations Committee

Mar 18, 2020 | Letters to Congress
On behalf of community bankers nationwide, with more than 52,000 locations, ICBA's president and CEO writes to forward recommendations for stimulus and relief measures that should be enacted expeditiously to mitigate the economic impact of the spreading coronavirus.

ICBA Letter to the Senate Banking and Finance Committees

Mar 18, 2020 | Letters to Congress
On behalf of community bankers nationwide, with more than 52,000 locations, ICBA's president and CEO writes to forward recommendations for stimulus and relief measures that should be enacted expeditiously to mitigate the economic impact of the spreading coronavirus.

ICBA Letter to White House Regarding Priority Coronavirus Stimulus and Relief Measures

Mar 17, 2020 | Letters to Regulators
Since the beginning of the coronavirus crisis, ICBA leadership has been in intensive discussions with community bankers from across the country serving rural, suburban, and urban markets. The following recommendations reflect their judgement regarding what would be most effective in addressing the crisis.