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ICBA Reinsurance Elects New Officers

Washington, D.C. (September 22, 2011)—ICBA Reinsurance, the captive reinsurance company of the Independent Community Bankers of America (ICBA), announced today the election of two officers and one at-large director for its 2011-12 board of directors. Melany Kniffen, chairman of Southern Commercial Bank in St. Louis, was elected ICBA Reinsurance chairman; William E. Wood, chairman, president and CEO of CBT Financial Corp. and Clearfield Bank and Trust Co. in Clearfield, Pa., was elected treasurer; and Glen Thurman, president, CEO and chairman of First National Bank of Moody in Moody, Texas, was elected at-large director.

“We are pleased to announce the election of Melany Kniffen as chairman, William Wood as treasurer and Glen Thurman as at-large director for ICBA Reinsurance,” said Steve Ello, president and CEO of ICBA Reinsurance. “These new officers bring with them a vast array of experience and knowledge about the importance of reinsurance and what it means to our member banks. They have worked hard over the years to ensure that ICBA Reinsurance is profitable for community banks by offering their continuous support and expertise.

We look forward to working with them closely so we can continue to enhance the value of ICBA Reinsurance for our members.” ICBA Reinsurance Chairman Melany Kniffen was elected chairman of Southern Commercial Bank in July 2005. Prior to joining the bank, she served for 11 years as a career law clerk to a federal bankruptcy judge. She is vice president of the Missouri Independent Bankers Association and serves on the ICBA Regulation Review committee.

In addition to being chairman, president and CEO of CBT Financial Corp. and Clearfield Bank and Trust Co., Wood, the newly elected ICBA Reinsurance treasurer, is also president and CEO of Diamond Financial, an investment subsidiary of Clearfield Bank and Trust. He is a former director of the Pennsylvania Bankers Association, where he held multiple leadership roles.

Glen Thurman, elected at-large director for ICBA Reinsurance, served as a director of the Independent Bankers Association of Texas from 2001 through 2008 and has served on ICBA’s Lending Committee since 2009.

In addition to the newly elected officers, ICBA Reinsurance reelected the following directors: Kent Carruthers, president of The Citizens Bank of Clovis in Clovis, N.M.; Jerry Walker, executive director of the Independent Community Bankers Association of New Mexico in Farmington, N.M.; and Stephen A. Ello, president and CEO of ICBA Reinsurance.

For more information, visit www.icba.org.

ICBA Reinsurance
ICBA Reinsurance is a credit insurance program you can trust with a proven record of success and profitability. A wholly-owned subsidiary of Independent Community Bankers of America (ICBA), the nation's voice for community banks, ICBA Reinsurance is run by community bankers for the benefit of community bankers. ICBA Reinsurance wrote its first piece of business in 1999, has paid eight consecutive dividends to participating banks and is backed by the strength of ICBA's more than 75 years of providing community bankers with quality products and services. For more information, visit www.icba.org/reinsurance/index.cfm.

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