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ICBA Applauds Resolution Declaring April Financial Literacy Month

Washington, D.C. (April 7, 2006)—The Independent Community Bankers of America (ICBA) strongly supports the bi-partisan resolution passed by the U.S. House of Representatives designating April as "Financial Literacy Month."

"Managing money wisely is critical to success in life," said Terry J. Jorde, ICBA chairman and president and CEO of CountryBank USA in Cando, N.D. "Too many Americans lack the skill and knowledge to make appropriate financial decisions. The more consumers know, the better they are at managing their finances and the better they manage their finances the more likely they are to enjoy a secure financial future."

ICBA has an on-going commitment to financial literacy programs, encouraging community banks to provide programs within their communities, as well as forging government, nonprofit and private-sector partnerships such as the FDIC Money Smart program.

"We commend Reps. Judy Biggert (R-Ill.) and Rubén Hinojosa (D-Tex.) for introducing a resolution that calls for the federal, state and local government, as well as schools, businesses and other groups to observe Financial Literacy Month," said Camden R. Fine, ICBA president and CEO. "Financial education is important for today's consumers to understand and make decisions when faced with the complex array of financial products and services available."

For more information, visit the consumer education and resources section of www.icba.org.