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Last update: 08/29/14

ICBA News Release

ICBA Independent Community Bankers of America

For more information, contact:
Chris Lorence, Vice President
(800) 242-4770
Chris.Lorence@icba.org

FOR IMMEDIATE RELEASE

Eight Community Banks Join 194 ICBA Bancard

April 26, 2004

ARLINGTON, VA. - Eight more banks have joined almost 200 community banks that participate in the Total Card ManagementTM 20/20 Program to offer customers an array of credit card products and reward features under their own brand. ICBA Bancard and TCM Bank, N.A.TM are pleased to announce that the following banks have recently become participants of the Total Card ManagementTM 20/20 program: First City Bank of Florida of Fort Walton, Fla.; Liberty National Bank of Longwood, Fla.; First Capital Bank of Norcross, Ga; Hedrick Savings Bank of Hedrick, Iowa; New Liberty Bank of Liberty, Mich; Henderson State Bank of Henderson, Neb.; The Bank of Currituck of Moyock, N.C.; and Clearfield Bank and Trust of Clearfield, Pa.

Total Card Management's 20/20 program is delivered through ICBA Bancard's wholly owned subsidiary, TCM Bank, N.A., which is headquartered in Tampa, Fla. ICBA Bancard is the payment services corporation of Independent Community Bankers of America (ICBA), the only national banking trade association that exclusively serves community banks.

TCM Bank's chairman, Jim Tribbett, says that the 20/20 Plan is an ideal solution for community banks that want to offer a credit card program to further develop their customer relationships, but do not want the hassles and risks commonly associated with traditional card programs. "Under the 20/20 Plan, TCM Bank assumes all credit risk and fraud losses and additionally compensates participants via a competitive revenue structure that equals or exceeds the best payouts in the industry."

Bank of Currituck president and CEO, Sam T. Moore, Jr. adds, "At The Bank of Currituck we believe in making "big bank" products available to our customers while maintaining our "small bank" reputation for outstanding personalized customer service. Of the agent bank options our board considered, the consensus was that ICBA Bancard and TCM Bank's Total Card Management 20/20 program best fit with our 80 year tradition of offering our customers convenience, service, and benefits."

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About ICBA Bancard & TCM Bank, N.A.TM
ICBA Bancard is a wholly owned subsidiary of the Independent Community Bankers of America, "The Nation's Leading Voice for Community Banks." Since 1985, ICBA Bancard has provided more than 2,000 community banks with equitable access to payment system products and services. In addition to ATM, credit and debit cards, banks have access to merchant services, ATM driving, risk management services, Internet banking and marketing services.

In 1998, ICBA Bancard founded TCM Bank, N.A. The bank exists to meet the needs of community banks that wish to participate in the credit card market and to help them protect their customer relationships by offering a competitive, professionally managed agent bank card program, Total Card Management. For issuers wishing to exit the credit card business, TCM Bank purchases portfolios, but keeps each bank's identity before its customers through the agent program.






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