FOR IMMEDIATE RELEASE
Longtime ICBA Seccurities President Retires
Washington, D.C. (Jan. 25, 2005) - The Independent Community Bankers of America (ICBA), the nation's largest banking trade organization, today announced that C.J. Pickering, president of ICBA Securities, ICBA's member-directed securities portfolio management company, will retire on July 11, 2005.
As ICBA Securities' president since its inception in 1988, Pickering has served over 2,500 community banks. He has managed the ICBA subsidiary's strong growth while maintaining a spotless NASD disciplinary record for the company and for its 120 registered representatives.
"The members of the ICBA Securities board of directors greatly respect C.J. and all that he has accomplished on behalf of the community banking industry," added Robert I. Gulledge, chairman of ICBA Securities and chairman, president and CEO of Citizens' Bank in Robertsdale, Ala. "We extend our sincerest appreciation for his work and wish him a long and happy retirement."
Headquartered in Memphis, Tenn., ICBA Securities provides community bankers with the quality products and services to manage their institutional investment portfolios profitably and within regulatory guidelines. Over 15,000 bankers have attended one or more of the 300-plus educational events that Pickering has conducted.
"Community bankers are fortunate to have had someone with C.J.'s experience and proven ability to lead over the past 16 years," said Camden R. Fine, president and CEO of ICBA. "Under his guidance community banks have enjoyed unparalleled access to competitively priced quality investment products and educational programs. He has given community banks insightful long-range strategies that will position them well for years to come."
Before 1989, Pickering was senior vice president and manager of the investment consulting practice of Vining Sparks, ICBA Securities' clearing broker in Memphis, Tenn. He previously served 10 years as vice president of the Federal Reserve Bank of Dallas and the Federal Reserve Board in Washington, D.C. He holds bachelor's and master's degrees from Oklahoma State University and is a graduate of Stonier Graduate School of Banking.
Pickering returned praise to his colleagues and coworkers. "The relationships I have made while working at ICBA Securities are what I will miss most," he said. "Over the years, I have received overwhelming support from my community banker board members, from ICBA and state association staff, from Vining Sparks and, of course, a few thousand community bankers. Thank you all for letting me be part of such a wonderful industry."
Jim Reber, senior vice president of ICBA Securities, will succeed Pickering as the service corporation's president on April 1, 2005. Reber brings a strong record of service to community banks as a CPA and a CFA.