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FOR IMMEDIATE RELEASE

ICBA’s Jorde to Testify on Industrial Loan Corporations

Washington, D.C. July 10, 2006—The Independent Community Bankers of America (ICBA) will testify before the House Financial Services Subcommittee on Financial Institutions and Consumer Credit on Wednesday, July 12 at a hearing called to examine industrial loan corporations (ILC). ICBA has been the leading advocate for maintaining the separation of banking and commerce by closing the ILC loophole and commends Rep. Spencer Bachus (R-Ala.) chairman of the subcommittee, for calling this important hearing.

WHO:   Terry J. Jorde, Chairman, Independent Community Bankers of America, and President and CEO of CountryBank USA, Cando, N.D.
 
WHAT:   House Financial Services Subcommittee on Financial Institutions and Consumer Credit Hearing: ILCs-A Review of Charter, Ownership, and Supervision Issues
 
WHERE:   Room 2128, Rayburn House Office Building.
 
WHEN:   Wednesday, July 12, 2006, 10:00 AM.



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