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FOR IMMEDIATE RELEASE

ICBA Western Regional Director to Retire

Takes on New Role with Association

Washington, D.C. (August 7, 2006)—After 22 years as the Independent Community Bankers of America (ICBA) Western Regional Director and Executive Director of the California Independent Bankers (CIB), Craig Hudson will be taking on new responsibilities as a political consultant for ICBA. "Working to preserve and enhance the franchise value of community banks is a commitment I take very seriously and feel passionate about. My energies have been spent in a good cause," Hudson said upon accepting his new responsibilities. Hudson will remain in his present position until year end. David Haithcock, who worked in the Western Regional Office from 1994 to 2002, will succeed Hudson as Senior Vice President/Western Region Operations.

ICBA hired Hudson in 1984 to establish a western regional office to build a stronger and more effective presence in the western states. Hudson's responsibilities covered the 12th Federal Reserve District. After building the association's membership base in California, Hudson and a group of dedicated community bankers organized the California Independent Bankers to represent the interests of ICBA members in California. The CIB has successfully advocated community bank issues in Sacramento on behalf of ICBA and California community banks.

Over the years, ICBA/CIB, guided by Hudson, has successfully maintained the separation of banking and commerce by keeping Wal-Mart out of banking in the state; staunchly defended independent banks' interests during the four year debate on privacy legislation; and secured amendments to the interstate banking and branching bill protecting members' franchise value. Most recently, ICBA/CIB endorsed and promoted legislation which would give full FDIC coverage to municipal deposits up to $25 million.

"Craig has been an effective political operative at both the state and national levels. I have asked Craig to assist the association in advancing our national political agenda. He is friends with national leaders in both parties and has proven effective in coalition building," said Camden Fine, ICBA president and CEO.

Hudson is also active internationally. At the request of the ICBA president, Hudson planned and coordinated a trip to China in 2004 for the top ICBA/CIB leadership. ICBA/CIB has some 33 Chinese American banks as members, many involved in trade financing and with extensive business relationships in Asia.

Educated at Brown University and Johns Hopkins, Hudson began his career in Washington, D.C. working for a member of the U.S. Senate Finance Committee. He also served in the Ford White House where he helped the Administration pass the Trade Act of 1974.

"I look forward to my new responsibilities beginning in 2007 and have appreciated very much working for the ICBA and the CIB. Community banks are the cornerstones of our democracy helping small businesses, preserving the unique character of our communities and generating prosperity and hope. I will continue to carry the banner of community banks in my new life as a political consultant," Hudson said.