FOR IMMEDIATE RELEASE
ICBA Minority Bank Council Meets to Discuss Key Issues Facing Minority-Owned Community Banks
Washington, D.C. (October 6, 2010)- The Independent Community Bankers of America's (ICBA) Minority Bank Council met in Washington this week to discuss key issues facing minority-owned community banks, including the recently passed Wall Street Reform Act and ICBA-advocated Small Business Lending Fund (SBLF).
"As a New Mexico community banker, I was pleased to be in Washington this week to discuss the critical issues facing minority-owned community banks," said Rebeca Romero Rainey, chairman of the ICBA Minority Bank Council and board chair and CEO of Centinel Bank of Taos, Taos, N.M. "With all of the financial regulatory reform changes coming down the pike, it was extremely important for us to come together as a group to discuss potential opportunities and how we can best leverage these changes to do what we do best as community bankers-continue to serve the needs of our local communities and customers."
Minority banks typically operate in underserved communities and play a critical role in community economic development by supplying credit to local small businesses. Almost half of all minority banks as defined by the FDIC are ICBA members.
ICBA established the Minority Bank Council to help shape ICBA advocacy and education solutions that benefit minority banks and the communities they serve and to help identify the unique challenges and issues affecting minority-owned community banks. The ICBA Minority Bank Council is made up of 11 members from minority-owned community banks throughout the country. George Andrews, president and CEO of Capitol City Bank and Trust Co., Atlanta, Ga., is vice chairman.
Other members of the ICBA Minority Bank Council are:
- Larry R. Chavis, president and CEO, Lumbee Guaranty Bank, Pembroke, N.C.
- Paul Hudson, chairman and CEO, Broadway Federal Bank, Los Angeles, Calif.
- J. David Joves, president and CEO, Mission National Bank, San Francisco, Calif.
- William T.C. Lu, president and CEO, Saigon National Bank, Westminster, Calif.
- Lester L. Parker, president and CEO, United Bank of El Paso Del Norte, El Paso, Texas
- Guillermo Diaz-Rousselot, president, COO and acting CEO, Continental National Bank of
- Kim D. Saunders, president and CEO, Mechanics & Farmers Bank, Durham, N.C.
- Deloris Sims, chairwoman and CEO, Legacy Bank, Milwaukee, Wis.
- Evelyn Smalls, president and CEO, United Bank of Philadelphia, Penn.
For more information, visit www.icba.org.