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ICBA: Spread More Cheer This Holiday Season—Go Local with Your Spending

Washington, D.C. (December 8, 2011)––As America’s consumers continue to hit local Main Streets, malls and shopping centers this holiday season, the Independent Community Bankers of America (ICBA) is encouraging them to go local by shopping locally at their area’s small businesses.  By supporting local small businesses, consumers will be giving back to their community and making it a better place to live for everyone who calls it home for the holidays.

“The holiday season is all about giving back, so why not incorporate that spirit into the holiday purchases you make?” said Sal Marranca, ICBA chairman and president and CEO of Cattaraugus County Bank, Little Valley, N.Y.  “As a community banker, I’m thrilled to support the needs of my small business customers year round by lending to them and offering local expertise to help their businesses thrive.  Small businesses bring tremendous value to communities across the nation.  They create jobs and stimulate local economies.  They make America a brighter place to live year round.”

Small businesses are the economic engines that drive local economies and help them flourish by putting money directly back into the neighborhoods they serve and by employing local residents. 

Community banks are prolific small business lenders, making nearly 60 percent of all small business loans under $1 million.  And just like small businesses, community banks—which are small businesses themselves—only thrive when their customers and communities do the same.  Taking care of their customers and looking out for the best interest of their community is the way they conduct their business each and every day.

Whether located in small towns, suburbia or big-city neighborhoods, community banks improve America’s communities by supporting local small businesses and by helping local families purchase homes, buy a car, finance college and build financial security. By driving local economies and creating local jobs, community banks are an integral part of our financial system and play a key role in our nation’s economic recovery. Of the more than 7,000 community banks across the country, nearly 5,000 are ICBA members.  Representing more than 23,000 locations nationwide and employing more than 280,000 Americans, ICBA members hold more than $1 trillion in assets, $900 billion in deposits, and $700 billion in loans to consumers, small businesses and the agricultural community.

To find your local community bank, visit ICBA’s community bank locator at www.banklocally.org.  Simply type in your zip code and the app will show you all the community banks in your area.  You can even download free ICBA locator apps for your iPhone, Android or Blackberry.