FOR IMMEDIATE RELEASE
ICBA Bancard’s Partnership Growth Program Issues Third and Final Payment
Washington, DC (March 23, 2011)-ICBA Bancard, the payment-services subsidiary of the Independent Community Bankers of America (ICBA), announced today that its Partnership Growth Program provided members with their third and final payment for participating in the two-year program. Participating members combined earned nearly $1.4 million for 2010, making roughly $4.5 million in total rewards over the program's two years. Both figures are based on enrollment and year-over-year growth.
"ICBA Bancard is extremely proud of the overwhelming participation and success that the Partnership Growth Program has had over the past two years," said John H. Buhrmaster, chairman of ICBA Bancard and president of 1st National Bank of Scotia, Scotia, N.Y. "Despite challenging economic times, the program continued to provide community bank members with the opportunity to build and optimize their card operations, which in turn, benefited their customers and communities throughout the nation. As we wrap up the program, we thank our participating members for their support."
Nearly 600 ICBA Bancard client banks participated in the Partnership Growth Program throughout the past two years.
"Since the program's inception, its key goal has been to help community banks build consumer awareness regarding the value of card usage as a form of payment-not to encourage more consumer debt," said Linda Echard, president and CEO of ICBA Bancard. "ICBA Bancard has been pleased to provide these well-deserved funds to community bank Partnership Growth Program participants and looks forward to hearing about the success they are able to achieve on a local level."
For more information about ICBA Bancard, visit http://www.icbabancard.org/.