FOR IMMEDIATE RELEASE
ICBA Honors Six Community Banks for Outstanding Community Service
Washington, D.C. (March 4, 2008)—The Independent Community Bankers of America named six community banks to receive top honors for outstanding volunteer service in their communities in the 2008 ICBA National Community Bank Service Awards. ICBA recognizes the National Community Bank Service Award recipients annually.
The 2008 honorees are:
- Grand National Award: Apple River State Bank, Apple River, Ill.
- National Award, assets over $500 million: State Bank & Trust, Fargo, N.D.
- National Award, assets of $250 million-$500 million: First City Bank of Fort Walton Beach, Fla.
- National Award, assets of $100 million-$250 million: First American National Bank, Tishomingo County, Miss.
- Financial Literacy Awards
- Assets under $500 million assets: Howard Bank, Ellicott City, Md.
- Assets over $500 million assets: 1st Centennial Bank, Redlands, Calif.
"ICBA's National Community Bank Service Awards honor the dedication and commitment of community bankers and show how they work to make their localities a better place to live and work," said Cynthia L. Blankenship, incoming ICBA chairman and vice chairman and chief operation officer of Bank of the West, Irving, Texas. "While these exemplify our nation's community banks, there are many, many more whose programs contribute to their communities by offering personal time, expertise and resources."
This year's Grand National Award recipient is Apple River State Bank, a $200 million-asset community bank located in a community of about 400 people. The old Apple River fire station and community center, built in the early 1900s, was not only in need of repairs but was outdated. The structure could not house modern firefighting equipment nor serve as a community center accessible to all residents. Apple River State Bank, its shareholders and employees teamed up to provide seed money and then together with the town's residents raised 75 percent of the $800,000 needed to build a new fire station and community center. This is the first time Apple River State Bank has received ICBA's Grand National Award.
The five remaining banks performed unparalleled acts of community service by providing leadership in financial literacy, supporting care for foster children, spurring economic activity and job creation, and coming to the aid of dozens of families in need.
ICBA founded the National Community Bank Service Awards program to help celebrate outstanding volunteer efforts of community banks. The ICBA National Community Bank Service Awards bring national recognition to the unparalleled contributions community banks make to help sustain their communities. The awards are given to ICBA members that show longstanding commitments to community outreach and development. ICBA particularly recognizes community banks demonstrating exemplary actions promoting education in savings, budgeting and other areas of financial education through its Financial Literacy award.
Learn more about these banks' unparalleled acts of community service and the ICBA National Community Bank Service Awards at www.icba.org.