FOR IMMEDIATE RELEASE
Rep. Gillmor Receives ICBA Main Street Hero® Award
Washington, D.C. (April 24, 2007)—The Independent Community Bankers of America (ICBA) honored Rep. Paul Gillmor (R-Ohio), ranking member of the House Financial Services' Financial Institutions Subcommittee, with ICBA's Main Street Hero® Award for his leadership in supporting the community banking industry and communities nationwide.
"Community bankers everywhere know Rep. Gillmor best as a long-time friend of community banking, and more recently as a co-author of the Industrial Bank Holding Company Act of 2007 - the legislation that will permanently close the ILC loophole and keep commercial firms from owning FDIC-insured industrial banks," said James P. Ghiglieri, Jr., ICBA chairman and president of Alpha Community Bank, Toluca, Ill. Ghiglieri presented the award during ICBA's Washington Policy Summit held this week in the nation's capital.
"Rep. Gillmor understands that maintaining the separation of banking and commerce is necessary to protect the safety and soundness of our financial system and to preserve financial diversity in our nation's communities. We thank him for taking such a strong leadership role on this issue," said Ghiglieri.
ICBA created the Main Street Hero® award to recognize public officials who promote the vitality of local communities by supporting the work of community banks and the important role they play in towns and cities across America.