ICBA News Release

ICBA Independent Community Bankers of America

For more information, contact:
Chris Lorence, Vice President
(800) 242-4770
Chris.Lorence@icba.org

FOR IMMEDIATE RELEASE

TCM Bank, N.A.TM Completes Five Card Portfolio Purchases for January 2004

March 5, 2004

ARLINGTON, VA. - Five community banks have sold their credit card portfolios to a unique program designed to safeguard customer relationships. Classic Bank of Ashland, Ky.; Concordia Bank of Concordia, Mo.; First Security State Bank of Caruthersville, Mo.; Keokuk Bank of Keokuk, Iowa; and Western Bank of Lordsburg, N.M. have sold their credit card portfolios to TCM Bank, N.A.TM, a limited-purpose credit card bank that operates solely for community banks.

TCM Bank, N.A.TM is headquartered in Tampa, Fla., and owned by ICBA Bancard, the payment services corporation of Independent Community Bankers of America, the only national banking trade association that exclusively serves community banks.

"TCM Bank is committed to protecting customer relationships, and we look forward to serving these new banks and their cardholders acquired in these purchases," said TCM Bank President and CEO Paul Weston.

Three of the five banks will earn a share of the ongoing interchange income from their portfolios as a result of becoming agents of TCM Bank. Just as important, all of these banks will keep their name and logo on their credit card offerings and enjoy a "non-compete" guarantee unique to the industry that protects their customer relationships.

Weston said, "Our programs and services are an excellent fit for these banks because TCM Bank is an arm of the Independent Community Bankers of America and ICBA Bancard. For nearly 75 years the ICBA has looked out for the best interests of community banks."

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About ICBA Bancard & TCM Bank, N.A.
ICBA Bancard is a wholly owned subsidiary of the Independent Community Bankers of America, "The Nation's Leading Voice for Community Banks." Since 1985, ICBA Bancard has provided more than 2,000 community banks with equitable access to payment system products and services. In addition to ATM, credit and debit cards, banks have access to merchant services, ATM driving, risk management services, Internet banking and marketing services.

In 1998, ICBA Bancard founded TCM Bank, N.A. The bank exists to meet the needs of community banks that wish to participate in the credit card market and to help them protect their customer relationships by offering a competitive, professionally managed agent bank card program, Total Card Management. For issuers wishing to exit the credit card business, TCM Bank purchases portfolios, but keeps each bank's identity before its customers through the agent program.




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