ICBA News Release
FOR IMMEDIATE RELEASE
TCM Bank Kicks Off 10-Year Anniversary at 2008 ICBA Convention and Techworld
Orlando, Fla. (March 4, 2008)—TCM Bank, N.A., the leading provider of professionally managed agent bank card programs for community banks, kicked off its 10-year anniversary celebration at a reception during the Independent Community Bankers of America (ICBA) 2008 National Convention and Techworld March 25 in Orlando, Fla. Founded in 1998, the limited purpose bank was created by ICBA Bancard, the payments services subsidiary of ICBA.
"Ten years ago, many community banks were interested in offering credit card products, but some lacked the resources required to succeed as direct issuers," said Linda Echard, ICBA Bancard president and CEO. "Others were committed to card issuing, but sought community-bank friendly expertise to maximize their business and portfolio development. TCM Bank helped address these concerns, by ensuring that community banks have secure footing in the payments industry."
"With over 550 community bank partners, TCM Bank proudly serves the credit card needs of community bank customers across the nation and has become one of the nation's top 75 credit card issuers," said Paul Weston, TCM Bank president and CEO. "Our success and growth over the last 10 years is a testament not only to a lot of hard work, but also the invaluable efforts of our community bank partners and the value of the community banking model."
TCM Bank's programs position community banks in the credit card business by promoting the bank's identity while limiting or eliminating the bank's exposure to risk and marketing costs. TCM Bank also provides consulting services to ICBA Bancard issuers, advising them how to remain profitable and competitive in the credit card industry. TCM Bank can either purchase a community bank's credit card portfolio or provide the expertise and solutions to rebuild it from the ground-up. Unlike other agent bank credit card programs, TCM Bank puts the interest of community banks and their customers first. TCM Bank does not cross-sell competing banking products to cardholders.
About ICBA Bancard & TCM Bank, N.A.
ICBA Bancard is the wholly owned payment services subsidiary of the Independent Community Bankers of America. ICBA Bancard provides more than 2,000 community banks with equitable access to cutting edge credit, debit and merchant processing products in addition to remote deposit, Internet Banking and ATM solutions. For more information, visit the ICBA Bancard website at www.icbabancard.com or call 800-242-4770.