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ICBA Leader to Represent Community Banks on National Payments Board

Washington, D.C. (Jan. 25, 2004) - The Independent Community Bankers of America (ICBA) congratulates Maine community banker Arthur C. Markos, vice chairman of ICBA's Payments and Technology Committee, on his election as a director for NACHA - The Electronic Payments Association.

Active in ICBA leadership for many years, Markos is president and CEO of the $660 million-asset Gardiner Savings Institution FSB in Gardiner, Maine. He was elected to serve a two-year term on NACHA's board of directors, representing community banks on the 19-member NACHA board.

"Arthur Markos has a strong commitment to payment issues and technology that will represent the community bank perspective tremendously well on NACHA's board of directors," said ICBA President and CEO Camden R. Fine. "Community banks have always played a key role in the ongoing evolution and development of the country's payment systems. Arthur's service to NACHA will help assure that community bankers continue to have a strong influence in shaping payments of the future."

NACHA is a national standards-setting organization that develops a wide range of electronic solutions to improve the payments system. Representing more than 12,000 financial institutions and 650 organizations through its industry councils, NACHA develops common operating rules and business practices for the Automated Clearinghouse Network and other electronic payments.