FOR IMMEDIATE RELEASE
ICBA Honors Rep. Bachus With First-Ever Main Street Hero Award
Washington, D.C. (May 11, 2004) - The Independent Community Bankers of America (ICBA) today honored Rep. Spencer Bachus (R-Ala.), chairman of the House Financial Services Subcommittee on Financial Institutions and Consumer Credit, with ICBA's first-ever Main Street Hero Award.
For many years, Chairman Bachus has recognized the vital financial role community banks play every day on Main Street America in serving consumers, small businesses and family farms. He has championed legislation to maintain the value of FDIC coverage levels as part of necessary reforms to the federal deposit insurance system. Most recently, Chairman Bachus introduced a bill in the House of Representatives celebrating the valuable work of the nation's community banks by officially designating April as National Community Banking Month.
"In this age of trillion-dollar, coast-to-coast financial institutions, ICBA created this award to recognize those who defend the work of community banks and the important role they play in towns and cities across America," said Dale L. Leighty, chairman of ICBA. "No one deserves recognition as ICBA's first Main Street Hero Award recipient more than Rep. Bachus. He has our profound thanks for all he has done for Main Street America and community banks nationwide."
ICBA, the nation's voice for community banks, is holding its annual Joint Committee Meetings this week at the Mayflower Hotel in Washington, D.C. The meetings draw nearly 300 community banking leaders to Washington to visit their congressional delegates on Capitol Hill and tackle a wide range of industry issues.
Editor's Note: A high-resolution photo of the signing will be available after 10:00 a.m. today at http://www.icba.org/2004jcmphotos.html.