FOR IMMEDIATE RELEASE
ICBA Commends FDIC for Establishing Advisory Committee on Community Banking
FDIC Recognizes the Vital Role of Our Nation’s More Than 8,000 Community Banks
Washington, D.C. (May 29, 2009)—The Independent Community Bankers of America (ICBA) today commended the FDIC for establishing the FDIC Advisory Committee on Community Banking, which will provide the FDIC with advice and guidance on a broad range of important policy issues impacting small community banks throughout the country, as well as the local communities they serve.
“ICBA commends the FDIC for recognizing the vital role that our nation’s more than 8,000 community banks serve in cities and towns throughout America,” said R. Michael Menzies, ICBA chairman and president and CEO of Easton Bank and Trust Co., Easton, Md. “The new committee will be able to provide advice on a broad range of policy issues that impact community banks, including the latest examination policies and procedures, deposit insurance assessments and regulatory compliance matters. ICBA looks forward to working with the committee in their efforts to identify and prioritize issues of concern for community banks.”
Other issues that the advisory committee is expected to look at include credit and lending practices, insurance coverage issues and potential obstacles related to the growth and ability of community banks to serve their local communities in the current environment.
As the nation’s voice for community banks, ICBA will work diligently with the FDIC and the committee on these issues, which are critical to the health and sustainability of our country’s common-sense community banks.
For more information, visit www.icba.org.