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ICBA Chairman: Community Banks Truly Are America’s Financial Foundation

San Diego, Calif. (March 23, 2011)-Salvatore Marranca, president and CEO of Cattaraugus County Bank, Little Valley, N.Y., who today becomes the 2011-2012 chairman of the Independent Community Bankers of America (ICBA), told community bankers gathered at the 2011 ICBA National Convention and Techworld in San Diego, that community banks are America's financial foundation.  He also outlined several of ICBA's priorities that he will focus on over the next year.

"Community banks truly are America's financial foundation," Marranca said.  "We have won this respect by going on the offensive, standing by our convictions and keeping our commitments to our communities and our customers-and our principles."  

Marranca went on to say that the future is bright for community banks.  "There is a future.  There is a need.  There are products and services and relationships to be delivered in both a high touch and a high tech manner," Marranca said.  "I'm excited to build on the tremendous progress we have made in the last three years.  ICBA and I are going to ensure that, as laws are passed and regulations put in force, we keep our strong position."

He said that over the next year that he and ICBA will work on a number of issues critical to community banks, namely the Communities First Act, housing finance issues and mortgage reform, along with improvements to the Dodd-Frank Wall Street Reform and Consumer Protection Act. 

"We will also keep reminding lawmakers that community banks are the economic engines of Main Street.  So let us do our jobs to help the businesses, the nonprofits, the young people, and the seniors in our communities.  Let us help them fulfill their dreams," Marranca said. 

To view Marranca's speech, visit www.icba.org.