FOR IMMEDIATE RELEASE
ICBA Celebrates Small Business Week 2013
Washington, D.C. (June 17, 2013)—The Independent Community Bankers of America® (ICBA) and community banks across the country are joining the Small Business Administration (SBA) in celebrating National Small Business Week, June 17 through June 21. ICBA is reminding everyone about the critical role community banks serve in supporting local small businesses.
"The economic stability of this country depends on the growth and development of small businesses," Bill Loving, ICBA chairman and president and CEO of Pendleton Community Bank, Franklin, W.Va., said. "Community banks understand their local markets and towns better than anyone else, and they understand the unique challenges and situations faced by their customers. After all, community banks are small businesses themselves."
Community banks are the source of nearly 60 percent of all small business loans of less than $1 million. Community banks are prolific small business lenders—providing a substantial number of small business loans across the country, including SBA loans. By lending to local entrepreneurs and small businesses, community banks help local economies thrive—driving economic growth and prosperity. ICBA community bank members hold more than $1.2 trillion in assets, $1 trillion in deposits and nearly $750 billion in loans to consumers, small businesses and the agricultural community.
Small business owners and consumers can find their local community bank by visiting ICBA’s Community Bank Locator at www.banklocally.org or by downloading the free ICBA locator apps on iPhone, Android and BlackBerry devices.
The Independent Community Bankers of America®, the nation’s voice for nearly 7,000 community banks of all sizes and charter types, is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education and high-quality products and services. For more information, visit www.icba.org.