FOR IMMEDIATE RELEASE
ICBA Securities Appoints Marshall MacKay to Board of Directors
Washington, D.C. (Sept. 5, 2012)—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 Marshall MacKay, president of CEO of the Independent Community Bankers of Minnesota (ICBM), Eagan, Minn., to the ICBA Securities board of directors. An active ICBA state-affiliated association, ICBM represents independently owned and operated banks in more than 500 Minnesota communities. The association also supports 130 associate members that help community banks compete by providing customer-focused products and services.
“We are pleased to welcome Marshall as a director on the ICBA Securities board and look forward to working with him on important community bank securities issues,” said Jim Gowen Sr., chairman of the ICBA Securities board of directors and chairman of Merchants & Planters’ Bank in Newport, Ark. “As president and CEO of ICBM, Marshall brings with him a wealth of member insights, which will surely help the board as it aims to serve our member community banks in the securities arena.”
MacKay joined ICBM in 2007 and has more than 39 years of bank industry experience, including audit, operations, compliance, data processing as well as consumer and small business lending. In 2000, MacKay co-founded a new community bank in Plymouth, Minn., and served as its chairman and CEO until joining ICBM.
He serves on the ICBA Congressional Affairs Committee and is an active member of the Council of Community Bankers Associations. Additionally, he serves as vice chairman for Augustana Care Corp., which provides care services and assisted living housing for more than 1,400 Minnesota senior residents. He holds a Bachelor of Arts in Economics from St. Olaf College, Northfield, Minn.
Serving on the ICBA Securities board of directors with MacKay are Cynthia Blankenship, vice chairman and COO, Bank of the West, Grapevine, Texas; Wayne Cottle, president, Dean Bank, Franklin, Mass.; Steven Gardner, president and CEO, Pacific Premier Bank, Costa Mesa, Calif.; Jim Gowen Sr., chairman, Merchants & Planters’ Bank, Newport, Ark.; ICBA Director At Large Preston L. Kennedy, president and CEO, Bank of Zachary, La.; ICBA Chairman-Elect Bill Loving Jr., president and CEO of Pendleton Community Bank, Franklin, W.Va.; ICBA Past Chairman Jim MacPhee, CEO, Kalamazoo County State Bank, Schoolcraft, Mich.; and Timothy Zimmerman, president and CEO, Standard Bank, PaSB, Monroeville, Pa.
About ICBA Securities
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.