FOR IMMEDIATE RELEASE
New Survey: ICBA Rated Most Effective Advocate
Washington, D.C. (August 15, 2005) - A new survey released by the American Banker showed that bankers rated the Independent Community Bankers of America (ICBA) most effective of the bank trade groups in representing members' concerns to the bank regulatory agencies and to Congress. The study, conducted by Insight Express, was commissioned by the American Banker.
"Obviously, we're pleased with the results of this survey. All the bank trade groups do a fine job for their members, but it's nice that bankers recognize ICBA's efforts on their behalf," said Camden R. Fine, ICBA president and CEO. "A good example is ICBA initiating the Communities First Act. CFA provides legislative or regulatory relief specifically for community banks. At the time of its introduction in May, it was the only bill in Congress offering regulatory relief of any sort to banks. This study shows that bankers appreciate ICBA being proactive and innovative in finding solutions to the challenges that they face every day."
According to the study's findings, when bankers were asked to assess the quality of their primary trade group's representation of their company's concerns, ICBA consistently received the highest ratings for quality representation among the three major national bank trade groups.
When asked how well they feel they are represented by the banking trade groups on regulatory and legislative issues in Washington, D.C., respondents again answered that ICBA was the most effective advocate in representing member interests before Congress and the bank regulatory agencies.