Washington, D.C. (March 11, 2020)—Independent Community Bankers of America® (ICBA) President and CEO Rebeca Romero Rainey issued this statement on the coronavirus outbreak following a White House meeting with President Donald Trump and other bank leaders.
“The coronavirus pandemic is extremely unfortunate, especially for those families that have been affected thus far. ICBA is watching events closely, as are community bankers across the country. As a result, community banks have pandemic business resiliency plans so they can be there for their employees, customers and communities.
“Community banks have been around for generations and have weathered many storms. They are well-capitalized and well-positioned to continue to serve their customers and communities. In fact, this is a textbook reason why community banking matters—community banks are known for providing flexibility and accommodations to their customers when they need it, including individuals, families, small businesses and farmers.
"The job of community bankers will not change amid the coronavirus pandemic. They will continue to be community leaders who focus on providing credit and needed services to help their customers and communities continue to thrive.”
The Independent Community Bankers of America® creates and promotes an environment where community banks flourish. With more than 50,000 locations nationwide, community banks constitute 99 percent of all banks, employ nearly 750,000 Americans and are the only physical banking presence in one in three U.S. counties. Holding more than $5 trillion in assets, nearly $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.
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