Logo: Independent Community Bankers of America - ICBA The Nation's Voice for Community Banks (R)
Username:
Password:

Graphic: Arrow Forgot password?
Graphic: Arrow Request Login
Contact ICBA Site Map Search ICBA
ArrowICBA Home
ArrowAbout ICBA
ArrowAbout Community Banking
ArrowAdvocacy
ArrowConsumer Education & Resources
ArrowEducation
ArrowConvention
ArrowIndustry Resources
ArrowMarketing Resources
ArrowMembership
ArrowPress Room
ArrowSocial Media
ArrowMain Street Market®
ArrowPublications





Members Only = Access Restricted
Last update: 09/17/14

ICBA News Release Header

FOR IMMEDIATE RELEASE

ICBA Applauds Senate Passage of Regulatory Relief Bill

Measure Includes Three Provisions from Communities First Act

Washington, D.C. (May 26, 2006)—The Independent Community Bankers of America (ICBA) applauded the U.S. Senate for passing regulatory relief legislation (S. 2856) that includes three provisions from the ICBA-backed Communities First Act (S. 1526).

ICBA greatly appreciates the work of Sen. Mike Crapo (R-Idaho) for developing this bill, and the support of Senate Banking Committee Chairman Richard Shelby (R-Ala.) for his leadership in moving this important bill forward.

S. 2856 includes three provisions from the ICBA-inspired "Community Banks Serving Their Communities First Act" to provide regulatory and tax relief for community bankers and their customers. The provisions are:

  • Direct Federal banking agencies to review call reports every five years to delete items that are no longer needed.

  • Expanding eligibility for 18-month examination schedule for community banks up to $500 million.

  • Increase the exemption from the management interlocks restriction to $50 million.

ICBA urges Congress to retain these provisions and, before it takes final action, encourages it to add additional provisions from CFA that would enable community banks to better serve their customers and their communities.






ArrowsPrintable version



Button: Share

All contents copyright 2014 Independent Community Bankers of America. All rights reserved.
Privacy Statement | Legal Notice