Policy Resolutions

These resolutions, approved by the ICBA Policy Development Committee and the Board of Directors, broadly describe ICBA's major policy objectives.

Helping community banks flourish

A thriving independent community banking sector is vital to the nation’s prosperity. Locally owned community banks have a direct and vital stake in their communities. Their business model is founded on personal relationships and direct knowledge of the business owners, families, and individuals that make up their communities.  

The value of this business model has been clearly demonstrated during the 2020 pandemic and the resulting economic shock. Community banks dedicated their strength, ability and resourcefulness into making the PPP work for small businesses in need. The program was a natural fit for their business model.

Drawing on a network of community and small business relationships, community banks were pre-positioned to help borrowers navigate the application process. There are countless stories of small businesses in desperate need that, unable to secure a PPP loan from a larger bank in a timely fashion, turned to a community bank where they were promptly and effectively served, despite sparse and often conflicting guidance from the SBA. With no motive beyond helping small businesses, community bankers worked around the clock to meet an overwhelming demand for PPP loans from existing as well as new customers.

The data tells the story: Community banks have made 60 percent of PPP loans which have supported the retention of over 33.7 million employees. Moreover, 72.6 percent of PPP loans to minority-owned small businesses, 71.5 percent of PPP loans to women-owned small business, and 63.4 percent of PPP loans to veteran-owned small businesses were made by community banks. ICBA is proud that community banks have stepped up to support the survival of these diverse businesses in a time of crisis. 

ICBA is committed to confronting mounting threats and adverse trends and ensuring that independent community banks remain a significant part of the U.S. financial system. 

Every industry that has undergone consolidation has seen higher consumer costs and eroded consumer choice, value, and benefits. A nation dominated solely by large banks would have a fundamentally different economic and commercial character. Local decision making, customized products, and personalized service – the hallmarks of community banking – would become a thing of the past.  

ICBA is the only national trade association dedicated exclusively to representing community banks. Through its public communications, ICBA tells the community banking story, promotes our principles, and positions ICBA as the leading source of information on the industry. Through its membership, ICBA aggregates and leverages the political and economic strength of community banks.  

ICBA Priorities

What you fight for is what we fight for.

These resolutions, approved by the ICBA Policy Development Committee and the Board of Directors, broadly describe the association’s major policy objectives. The resolutions are designed to provide policy guidance for ICBA officers and staff and general policy direction for ICBA standing committees, the Federal Delegate Board, councils, and task forces. 

These resolutions reflect ICBA's core principles: Community banks support fair competition in financial services; support the separation of banking and commerce; believe in a balanced financial system that does not favor any segment of the financial services sector; support the dual banking system; and oppose the concentration of economic and financial services resources. ICBA is a democratically governed association where each member bank has a voice and a vote.