These resolutions, approved by the ICBA Policy Development Committee and the Board of Directors, broadly describe the association’s major policy objectives for 2019. 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.
Create and promote an environment where 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. 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. Continued consolidation of the banking sector, which is a catalyst to so many other economic activities, would have far reaching consequences. A nation dominated solely by large banks would have a fundamentally different economic and commercial character. Financial products and services would become wholly commodified. 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.