ABA: Financial Trades Issue Joint Letter to Congress Stating that the Misguided Durbin-Marshall Bill will Harm Consumers, Small Businesses and Financial Institutions
In a new letter filed today, the American Bankers Association, America’s Credit Unions, Association of Military Banks of America, Bank Policy Institute, Consumer Bankers Association, Defense Credit Union Council, Independent Community Bankers of America, Electronic Payments Coalition, Mid-Size Bank Coalition of America and National Bankers Association warned that any legislative initiatives to expand the power of the…
ICBA: In New Policy Resolution, ICBA Urges Congress to End Tax Subsidies for Credit Unions Over $1 Billion in Assets
With Congress considering legislation to reform the nation’s tax policy, the Independent Community Bankers of America (ICBA) today called on policymakers to end unwarranted federal tax subsidies for the nation’s largest credit unions. A new policy resolution that ICBA introduced at this week’s ICBA LIVE 2025 national convention in Nashville, Tenn., calls on lawmakers to…
ICBA: ICBA Applauds Treasury Secretary Bessent for Pro-Community Bank Remarks and Support for Independence of Prudential Banking Regulators
The Independent Community Bankers of America (ICBA) today applauded Treasury Secretary Scott Bessent for his remarks supporting community banks and committing to the continued independence of the nation’s prudential banking regulators and dual banking system. “ICBA and the nation’s community banks strongly support Secretary Bessent’s remarks on the positive role of community banks to Main…
ICBA: U.S. Postal Inspection Service and ICBA Partner to Help Community Banks Combat Check Fraud
The Independent Community Bankers of America® (ICBA) today announced a partnership with the U.S. Postal Inspection Service to combat the threat of check fraud. As part of this initiative, ICBA and the Postal Inspection Service will deliver in-branch educational materials with step-by-step instructions to help consumers safeguard their financial assets and respond if they experience…
ABA: ABA, Federal Reserve and OCC Leaders to Address Community Bankers at ABA Conference; Livestream Available February 17th and 18th
ABA President and CEO Rob Nichols, ABA Chair and Atlantic Union Bankshares CEO John Asbury, Federal Reserve Governor Michelle Bowman, San Francisco Fed President Mary C. Daly and Acting Comptroller of the Currency Rodney E. Hood will address community bankers from across the country at the American Bankers Association’s Conference for Community Bankers next week in Phoenix….
ABA: ABA Offers Congressional Testimony on the Community Banking Landscape
The American Bankers Association today provided testimony to the House Financial Services Committee on the state of U.S. community banking, as well as potential legislative reforms to ensure smaller financial institutions can continue meeting the needs of their customers, clients and communities going forward. Cathy Owen, chair, president and CEO of State Holding Company and executive chair…
ABA: South Carolina Banker Elected as Chair of ABA’s Community Bankers Council
The American Bankers Association has elected Jennifer T. Jones as chair of ABA’s Community Bankers Council for the 2024-2025 association year. Jones is president and CEO of CBL State Savings Bank, a 117-year-old institution headquartered in Greer, S.C. The Community Bankers Council consists of bank presidents and CEOs from across the country. Members meet twice…
FDIC: Results of Summary of Deposit 2024 Annual Survey Released
The Federal Deposit Insurance Corporation (FDIC) today released results of its annual survey of branch office deposits for all FDIC-insured institutions as of June 30, 2024. The FDIC’s Summary of Deposits (SOD) provides deposit totals for each of the more than 76,000 domestic offices operated by more than 4,500 FDIC-insured commercial and savings banks, savings…
FDIC: Five New Members Named to Advisory Committee on Community Banking
May 2nd meeting to address a wide range of community banking issues The Federal Deposit Insurance Corporation (FDIC) today announced five new members of the agency’s Advisory Committee on Community Banking: Composed of a cross-section of community bankers from around the country, the FDIC’s Advisory Committee shares input on a broad range of community bank…