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ICBA Securities Appoints Louisiana Community Banker to Board of Directors

Washington, D.C. (October 8, 2010)-ICBA Securities, the broker/dealer subsidiary of the Independent Community Bankers of America (ICBA) that provides fixed-income investment services to community banks, today announced the appointment of Preston Kennedy, president of Bank of Zachary in Zachary, La., to the ICBA Securities board of directors.

"We are pleased to welcome Preston as a director on the ICBA Securities board and look forward to working with him on important community bank securities issues," said Jim Reber, president and CEO of ICBA Securities.  "As a longtime ICBA member and active member of ICBA Securities, Preston will bring valuable insight to the board as we look for more ways to serve our member community banks in the securities arena."

In addition to his new role with ICBA Securities, Kennedy will continue to represent Louisiana on the ICBA board of directors, and serve on the ICBA Federal Home Loan Bank Task Force and Lending Committee.    

A community banker for over 30 years, Kennedy was elected president of his hometown bank, Bank of Zachary, in 2006.  Prior to this, he was president and CEO of Feliciana Bank & Trust Company in Clinton, La.  Kennedy has also served as president of the Feliciana Chamber of Commerce and the Zachary Chamber of Commerce.  He is a past president and active in the Rotary Club of Zachary and is a board member for the local small business incubator, Dixie Business Center.

Serving on the ICBA Securities board of directors with Kennedy are Gregg  Lewis, chairman, First Option Bank, Osawatomie, Kan.; Cynthia Blankenship, vice president and COO, Bank of the West, Grapevine, Texas; Wayne Cottle, president and CEO, Dean Bank, Franklin, Mass.; Steven  Gardner, president and CEO, Pacific Premier Bank, Costa Mesa, Calif.; Jim  Gowen Sr., chairman, Merchants & Planters' Bank, Newport, Ark.; Jim MacPhee, CEO, Kalamazoo County State Bank, Schoolcraft, Mich.; Frank  Pinto, CEO, Pennsylvania Association of Community Bankers, Harrisburg, Pa.; and Timothy  Zimmerman, president and CEO, Standard Bank, PaSB, Monroeville, Pa.

ICBA Securities, a wholly owned subsidiary of ICBA, specializes in providing quality investment products, services and education to community banks to help to create and maintain a high performing investment portfolio.

For more information on ICBA Securities, visit http://www.icbasecurities.com/