Washington, D.C. (Feb. 9, 2024) — The Independent Community Bankers of America (ICBA) announced a multiyear deal with Stifel to continue offering investment products and services to community banks through a partnership with ICBA’s broker-dealer subsidiary, ICBA Securities® Inc.
“We’re pleased to work with a prestigious organization like Stifel—a recognized leader in the investment space,” Senior Executive Vice President of ICBA Innovation Kevin Tweddle said. “Through Stifel, ICBA continues to deliver on its promise to help our members compete and win by leveraging cutting-edge products and relevant services that reflects their unique investment needs and market considerations.”
“For the past 35 years, this unique relationship has provided investment and balance sheet services to community banks, while delivering valuable resources back to our state association partners,” said ICBA Securities President and CEO Jim Reber. “Stifel’s expansive platform, which provides services related to fixed income investments, asset/liability management, derivatives strategy, loan sales, and funding, checks all the boxes for community banks that are actively managing their balance sheets.
ICBA Securities is endorsed by 34 state-affiliated associations, and as a result of its relationship with Stifel has returned more than $9 million via royalties to its state association partners since 1989.
“Community banks are a critical financial resource for millions of Americans and a source of strength and stability for our nation's financial sector,” said Stifel Co-Head of Fixed Income Capital Markets Brant McDuffie. “We are excited to continue our association with ICBA, which further solidifies our commitment to empowering community banks and, by extension, enhancing the financial well-being of the customers they serve.”
For more information, 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, Stifel. Included are traditional debt securities, interest rate products, whole loans, and M&A and bank valuation services. Stifel also has state-of-the-art asset/liability and bond accounting products.
It offers investment banking services through KBW. ICBA Securities, a wholly owned subsidiary of the ICBA, provides a full calendar of educational events for community bankers and investment professionals. ICBA Securities is endorsed by 34 affiliated state banking associations, and is the only broker/dealer owned by the community banking industry.
The Independent Community Bankers of America® has one mission: to create and promote an environment where community banks flourish. We power the potential of the nation’s community banks through effective advocacy, education, and innovation.
As local and trusted sources of credit, America’s community banks leverage their relationship-based business model and innovative offerings to channel deposits into the neighborhoods they serve, creating jobs, fostering economic prosperity, and fueling their customers’ financial goals and dreams. For more information, visit ICBA’s website at icba.org.