Washington, D.C. (Sept. 11, 2026) — Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s joint statement from the federal banking regulators on community bank engagement with core service providers.
“ICBA and the nation’s community banks commend the banking regulators for today’s joint statement addressing issues with community bank relationships with core service providers. While we continue to review the statement, its emphasis on holding the cores accountable for delivering quality services is critical to community bank third-party relationships.
“As ICBA said in our comments to the OCC on this initiative earlier this year, facilitating shared due diligence, improving access to relevant supervisory information about service providers, and ensuring more consistent oversight could significantly reduce duplication, lower compliance costs, and improve community banks’ ability to negotiate and manage third-party relationships.
“We look forward to fully reviewing today’s joint statement and continuing to work with the federal banking regulators on core provider issues, third-party risk management, and other critical issues facing community banks.”
About ICBA
The Independent Community Bankers of America® has one mission: to create and promote an environment where community banks flourish. We power the potential of the nation’s community banks through effective advocacy, education, and innovation.
As local and trusted sources of credit, America’s community banks leverage their relationship-based business model and innovative offerings to channel deposits into the neighborhoods they serve, creating jobs, fostering economic prosperity, and fueling their customers’ financial goals and dreams. For more information, visit ICBA’s website at icba.org.