Washington, D.C. (June 11, 2021) — ICBA Securities Inc.®, the broker-dealer subsidiary of the Independent Community Bankers of America (ICBA), today announced the election of Derek Williams, president and CEO of Century Bank & Trust in Milledgeville, Ga., as chairman of the ICBA Securities board of directors.
Brenda Foster, chairman, president and CEO of First Western Bank and Trust in Minot, N.D.; and Lucas White, president of The Fountain Trust Co. in Covington, Ind., were also elected to the board.
"We’re honored to have Derek, an exceptional community banker and industry advocate, as our new chairman and to welcome respected community bankers Brenda and Lucas to our board of directors,” ICBA Securities President and CEO Jim Reber said. “We look forward to working with Derek, Brenda and Lucas to promote our investment portfolio and educational offerings to our community bank customers.”
Williams previously served on the ICBA Executive Committee as Treasurer in 2016-18, is an appointed delegate for Georgia on ICBA’s Federal Delegate Board, was chairman of the Policy Development Committee, and served for three years on the FDIC Community Bank Advisory Committee. Active in his community, Williams is a past treasurer of the Milledgeville Chamber of Commerce and is also on a number of other civic and community boards.
Foster is an elected delegate for North Dakota on ICBA’s Federal Delegate Board, is past chairman of the ICBA Large Community Bank Council, and past president of the Independent Community Banks of North Dakota. White is a member of the ICBA Board of Directors as chairman of the ICBA Bank Services Committee, is past chairman of the Indiana Bankers Association (IBA), and past president of IBA’s Future Leadership Division.
Serving on the ICBA Securities board with Williams, Foster and White are Robert Fisher, ICBA chairman and president and CEO of Tioga State Bank in Spencer, N.Y.; Scott Heitkamp, president and CEO of ValueBank Texas in Corpus Christi, Texas; and Jerry Walker, president and CEO of the Independent Community Bankers Association of New Mexico in Farmington, N.M.
Since 1989, ICBA Securities, a wholly owned subsidiary of ICBA, has offered broker-dealer services with an inventory of portfolio investment products to community banks through its exclusively endorsed broker Vining Sparks, one of the nation’s top 20 underwriters of agency securities.
For more information on ICBA Securities, visit www.icbasecurities.com.
About ICBA Securities
ICBA Securities provides a full suite of investment products and services for community banks through its exclusively endorsed broker, Vining Sparks. Included are traditional debt securities, interest rate products, whole loans, and M&A and bank valuation services. Vining Sparks also has state-of-the-art asset/liability and bond accounting products. ICBA Securities, a wholly owned subsidiary of ICBA, provides a full calendar of educational events for community bankers and investment professionals. ICBA Securities is the only broker/dealer owned by the community banking industry.
The Independent Community Bankers of America creates and promotes an environment where community banks flourish. ICBA is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education, and high-quality products and services.
With nearly 50,000 locations nationwide, community banks constitute 99 percent of all banks, employ more than 700,000 Americans and are the only physical banking presence in one in three U.S. counties. Holding more than $5 trillion in assets, over $4.4 trillion in deposits, and more than $3.4 trillion in loans to consumers, small businesses and the agricultural community, community banks channel local deposits into the Main Streets and neighborhoods they serve, spurring job creation, fostering innovation and fueling their customers’ dreams in communities throughout America. For more information, visit ICBA’s website at www.icba.org.