FOR IMMEDIATE RELEASE
Sen. Johnson Receives ICBA’s Main Street Hero® Award
Washington, D.C. (May 23, 2006)—The Independent Community Bankers of America (ICBA) named Sen. Tim Johnson (D-S.D.) to receive ICBA’s Main Street Hero® Award for his leadership in supporting community banking and communities nationwide.
“Senator Johnson’s work in Congress benefits community banks and millions of customers and small businesses who depend on community banks for their credit and banking needs,” said Terry J. Jorde, ICBA chairman and president and CEO of CountryBank USA, Cando, N.D. in presenting the award to Sen. Johnson during ICBA’s Joint Committee Meetings held this week in the nation’s capital. “He has been a great friend to ICBA, community bankers and local communities everywhere.”
Sen. Johnson is honored for his work to preserve the separation of banking and commerce, a public policy that is a foundation of our nation’s financial system. Sen. Johnson led the fight in the Senate to close the unitary thrift holding company loophole. He worked diligently to push federal deposit insurance reform in three Congresses before the measure became law this year. He has been one of the strongest advocates for keeping commercial enterprises such as Wal-Mart out of the banking business.
ICBA’s Main Street Hero® award honors public officials who promote the vitality of local communities by supporting the work of community banks and the important role they play on Main Street.