Latest Community Bankers Pa (CTYP) Headlines
ICBA Announces 2014-15 Executive Committee
PRWeb - Thu Mar 06, 11:07PM CST
The Independent Community Bankers of America (ICBA) announced the election of its 2014-15 Executive Committee during its 2014 ICBA national convention in Honolulu.
"Don't Hit the Snooze Button. Stand Up for What You Believe In" is New ICBA Chairman's Message to Nation's Community Bankers
PRWeb - Thu Mar 06, 8:07AM CST
John H. Buhrmaster, president of 1st National Bank of Scotia, N.Y., who became chairman of the Independent Community Bankers of America(R) (ICBA) yesterday, told community bankers gathered at the association's 2014 National Convention in Honolulu that getting more community bankers engaged and advocating for the industry is his top priority as ICBA chairman.
Margin Maximizer Interactive from ProfitStars Becomes ICBA Preferred Service
PR Newswire - Wed Mar 05, 7:00AM CST
Jack Henry & Associates, Inc. (NASDAQ:JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its ProfitStars® division today announced the addition of Margin Maximizer Interactive(TM) to the Independent Community Bankers of America® (ICBA) Preferred Service Provider program.
ICBA Announces 2014 Community Banking Policy Priorities
PRWeb - Tue Mar 04, 10:22AM CST
The Independent Community Bankers of America(R) (ICBA) today announced its top legislative and regulatory priorities for 2014. ICBA made the announcement in Honolulu at its 2014 National Convention, which has attracted more than 3,000 attendees—making it the largest community banking industry event in the world.
ICBA Urges Regulators to Expand Volcker Rule Exemption
PRWeb - Fri Feb 28, 11:32AM CST
The Independent Community Bankers of America(R) (ICBA) is calling on federal regulators to broaden Volcker Rule accommodations for community bank holdings of collateralized debt obligations backed by trust-preferred securities. In a comment letter, ICBA wrote that the agencies' interim final rule should exempt all TruPS CDOs and collateralized loan obligations to avoid unnecessary community bank write-downs and to conform with Congress' intent to target only the largest banks.
Home BancShares, Inc. Receives 2013 Raymond James Community Bankers Cup Award
GlobeNewswire - Thu Feb 27, 5:30PM CST
Home BancShares, Inc. (Nasdaq:HOMB), parent company of Centennial Bank, announced they received a 2013 Raymond James Community Bankers Cup Award. The Raymond James Community Bankers Cup awards recognized the top 30 community banks with assets between $500 million and $10 billion based on various profitability, operational efficiency, and balance sheet metrics. Home BancShares ranked in the top 10 of the Cup winners.
ProfitStars Partners with OnDeck to Strengthen Small Business Financing Options
PR Newswire - Thu Feb 27, 7:00AM CST
Jack Henry & Associates, Inc. (NASDAQ:JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its ProfitStars® division today announced a strategic partnership with OnDeck, a technology-powered small business lender, to enable fast financing for businesses through the ProfitStars LendingNetwork® solution.
ICBA Statement on House Ways and Means Committee Tax-Reform Proposal
PRWeb - Wed Feb 26, 5:51PM CST
The Independent Community Bankers of America(R) (ICBA) today thanked House Ways and Means Committee Chairman Dave Camp (R-Mich.) for his efforts in proposing comprehensive reforms to the nation's tax code. As an association representing C corporations, S corporations, mutuals and thrifts, ICBA supports comprehensive tax reform that will provide for a more sensible tax code and stronger economic growth.
ICBA Urges Regulators to Ease Call Report Burden on Community Banks
PRWeb - Thu Feb 20, 5:06AM CST
The Independent Community Bankers of America(R) (ICBA) is calling on federal banking regulators to exempt community banks from new reporting burdens designed for larger financial institutions. In a recent comment letter to the banking agencies, ICBA raised questions about the validity and usefulness of the information requested through the proposed changes to quarterly call reports and urged an exemption for banks with total consolidated assets of $10 billion or less.
Community Banks Reissue More Than 4 Million Payment Cards Following Retailer Data Breaches
PRWeb - Wed Feb 19, 11:36AM CST
The Independent Community Bankers of America(R) (ICBA) today said that the nation's community banks have already reissued more than 4 million credit and debit cards at a total reissuance cost of more than $40 million following recent data breaches at major retailers (numbers are based on a sampling of community banks). Due to their quick action in reissuing affected cards, community banks' initial fraud costs were relatively low, with less than 1 percent of community bank customers reporting fraud on their accounts following the breaches at Target and Neiman Marcus.
ICBA Statement on NIST Cybersecurity Framework
PRWeb - Wed Feb 12, 5:45PM CST
The Independent Community Bankers of America's(R) (ICBA) released the following statement following today's release of the National Institute of Standards and Technology's (NIST) Framework for Improving Critical Infrastructure Cybersecurity.
ICBA Urges Costs of Data Breaches to Be Borne by Responsible Parties
PRWeb - Mon Feb 03, 5:46PM CST
The Independent Community Bankers of America(R) (ICBA) today told Congress that community banks are absorbing the costs of making their customers whole following the recent data breaches at major retailers such as Target and Neiman Marcus. In a statement for a Senate Banking Subcommittee on National Security and International Trade and Finance hearing, ICBA said that the costs of reissuing cards, responding to customer concerns and protecting against fraud can be significant and should ultimately be borne by the party at fault for the breach.
ICBA Outraged at National Retail Federation Letter Blaming Banks for Retail Data Breaches
PRWeb - Wed Jan 22, 4:23PM CST
The Independent Community Bankers of America(R) (ICBA) today expressed its shock and outrage at a National Retail Federation (NRF) letter blaming the financial services industry for recent data breaches at retailers such as Target and Neiman Marcus.
ICBA Urges Congress to Enhance Incentives for Securing Consumer Data
PRWeb - Fri Jan 17, 7:32PM CST
The Independent Community Bankers of America(R) (ICBA) today called on Congress to ensure that parties that suffer a data breach are required to bear responsibility for fraud losses and restitution to affected parties. In letters to members of the House and Senate, ICBA wrote that compromises at large retailers such as Target and Neiman Marcus can shake public confidence while community banks have been working to protect their customers from adverse consequences of the breaches.
ICBA Thanks Congress for Bills Mitigating Damage from Volcker Rule
PRWeb - Wed Jan 15, 12:46PM CST
The Independent Community Bankers of America's(R) (ICBA) today thanked Congress for legislation that would protect community banks and the communities they serve from the unintended consequences of new rules designed for Wall Street financial firms. In a statement for today's House Financial Services Subcommittee on Financial Institutions and Consumer Credit hearing, ICBA said legislation introduced by subcommittee Chairman Shelley Moore Capito (R-W.Va.) and committee Chairman Jeb Hensarling (R-Texas) was essential in pressuring the federal banking regulators to release an interim final rule to rectify the Volcker Rule provision. The legislation would minimize the impact of a provision of the Volcker Rule that would have required banks to divest their holdings of certain pools of securities issued before Dec. 10, 2013.
Regulators Respond to ICBA Pressure on Volcker Rule
PRWeb - Tue Jan 14, 8:20PM CST
Federal banking regulators today responded to the Independent Community Bankers of America's(R) (ICBA) repeated calls for them to take action to rectify a Volcker Rule provision that could negatively affect hundreds of community banks. Following ICBA's tireless efforts and frequent communications and meetings with the banking agencies and Congress seeking a resolution, the regulators today released an interim final rule that is designed to mitigate the impact of a Volcker Rule provision requiring banks to divest by July 2015 their holdings of certain pools of securities known as collateralized debt obligations (CDOs) backed by trust-preferred securities (TruPS).
ICBA Supports Senate Bill to Prevent Volcker Rule Damage to Community Banks and Their Communities
PRWeb - Thu Jan 09, 11:15PM CST
The Independent Community Bankers of America(R) (ICBA) said it supports new Senate legislation that would protect community banks and the communities they serve from the unintended consequences of new Wall Street regulations. Legislation introduced would prohibit the Volcker Rule from requiring banks to divest their holdings of certain pools of securities issued before Dec. 10, 2013, which would negatively affect community banks and local economies. ICBA urges senators to quickly support and pass the legislation.
ICBA to Congress: Burgeoning Financial Concentration Dangerous to Nation's Economy
PRWeb - Wed Jan 08, 2:17PM CST
The Independent Community Bankers of America(R) (ICBA) today told Congress in a written statement that subsidies for a small number of too-big-to-fail firms increase systemic risk and pose a direct threat to our economy and taxpayers. The association also noted that the neglected consequence of these too-big-to-fail subsidies is their contribution to community bank regulatory burden. The statement was submitted ahead of the Senate Banking Subcommittee on Financial Institutions and Consumer Protection hearing on the Government Accountability Office's report on government support for bank holding companies.
ICBA Remains Concerned with Volcker Rule Following Release of Agency Document
PRWeb - Fri Dec 20, 9:11AM CST
The Independent Community Bankers of America(R) (ICBA) said it remains deeply concerned with Volcker Rule provisions requiring banks to permanently write down their holdings of collateralized debt obligations (CDOs) backed by trust-preferred securities (TruPS), which are certain pools of securities issued by banks to raise capital. This could cause many community banks to write down these securities by year-end. Despite the release by federal banking regulators of an FAQ document regarding regulatory treatment of the securities, there are many underlying questions that remain unanswered for community banks that could potentially be affected by the rule.
ICBA Urges Congress to Advocate Needed Volcker Rule Repair for Community Banks
PRWeb - Wed Dec 18, 5:33PM CST
The Independent Community Bankers of America(R) (ICBA) continues to press Congress and the banking regulators to fix the Volcker Rule to stave off unintended and detrimental consequences to many community banks. ICBA today again called on Congress to help ensure the federal banking regulators issue critically needed guidance clarifying that the Volcker Rule does not require banks to permanently write down their holdings of collateralized debt obligations (CDOs) backed by trust-preferred securities (TruPS), pools of securities issued by banks to raise capital, prior to year-end. On Monday, ICBA sent a letter urging the regulators to issue such guidance.
ICBA Announces 2014-15 Executive Committee
PRWeb - Thu Mar 06, 11:07PM CST
The Independent Community Bankers of America (ICBA) announced the election of its 2014-15 Executive Committee during its 2014 ICBA national convention in Honolulu.
"Don't Hit the Snooze Button. Stand Up for What You Believe In" is New ICBA Chairman's Message to Nation's Community Bankers
PRWeb - Thu Mar 06, 8:07AM CST
John H. Buhrmaster, president of 1st National Bank of Scotia, N.Y., who became chairman of the Independent Community Bankers of America(R) (ICBA) yesterday, told community bankers gathered at the association's 2014 National Convention in Honolulu that getting more community bankers engaged and advocating for the industry is his top priority as ICBA chairman.
Margin Maximizer Interactive from ProfitStars Becomes ICBA Preferred Service
PR Newswire - Wed Mar 05, 7:00AM CST
Jack Henry & Associates, Inc. (NASDAQ:JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its ProfitStars® division today announced the addition of Margin Maximizer Interactive(TM) to the Independent Community Bankers of America® (ICBA) Preferred Service Provider program.
ICBA Announces 2014 Community Banking Policy Priorities
PRWeb - Tue Mar 04, 10:22AM CST
The Independent Community Bankers of America(R) (ICBA) today announced its top legislative and regulatory priorities for 2014. ICBA made the announcement in Honolulu at its 2014 National Convention, which has attracted more than 3,000 attendees—making it the largest community banking industry event in the world.
ICBA Urges Regulators to Expand Volcker Rule Exemption
PRWeb - Fri Feb 28, 11:32AM CST
The Independent Community Bankers of America(R) (ICBA) is calling on federal regulators to broaden Volcker Rule accommodations for community bank holdings of collateralized debt obligations backed by trust-preferred securities. In a comment letter, ICBA wrote that the agencies' interim final rule should exempt all TruPS CDOs and collateralized loan obligations to avoid unnecessary community bank write-downs and to conform with Congress' intent to target only the largest banks.
Home BancShares, Inc. Receives 2013 Raymond James Community Bankers Cup Award
GlobeNewswire - Thu Feb 27, 5:30PM CST
Home BancShares, Inc. (Nasdaq:HOMB), parent company of Centennial Bank, announced they received a 2013 Raymond James Community Bankers Cup Award. The Raymond James Community Bankers Cup awards recognized the top 30 community banks with assets between $500 million and $10 billion based on various profitability, operational efficiency, and balance sheet metrics. Home BancShares ranked in the top 10 of the Cup winners.
ProfitStars Partners with OnDeck to Strengthen Small Business Financing Options
PR Newswire - Thu Feb 27, 7:00AM CST
Jack Henry & Associates, Inc. (NASDAQ:JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its ProfitStars® division today announced a strategic partnership with OnDeck, a technology-powered small business lender, to enable fast financing for businesses through the ProfitStars LendingNetwork® solution.
ICBA Statement on House Ways and Means Committee Tax-Reform Proposal
PRWeb - Wed Feb 26, 5:51PM CST
The Independent Community Bankers of America(R) (ICBA) today thanked House Ways and Means Committee Chairman Dave Camp (R-Mich.) for his efforts in proposing comprehensive reforms to the nation's tax code. As an association representing C corporations, S corporations, mutuals and thrifts, ICBA supports comprehensive tax reform that will provide for a more sensible tax code and stronger economic growth.
ICBA Urges Regulators to Ease Call Report Burden on Community Banks
PRWeb - Thu Feb 20, 5:06AM CST
The Independent Community Bankers of America(R) (ICBA) is calling on federal banking regulators to exempt community banks from new reporting burdens designed for larger financial institutions. In a recent comment letter to the banking agencies, ICBA raised questions about the validity and usefulness of the information requested through the proposed changes to quarterly call reports and urged an exemption for banks with total consolidated assets of $10 billion or less.
Community Banks Reissue More Than 4 Million Payment Cards Following Retailer Data Breaches
PRWeb - Wed Feb 19, 11:36AM CST
The Independent Community Bankers of America(R) (ICBA) today said that the nation's community banks have already reissued more than 4 million credit and debit cards at a total reissuance cost of more than $40 million following recent data breaches at major retailers (numbers are based on a sampling of community banks). Due to their quick action in reissuing affected cards, community banks' initial fraud costs were relatively low, with less than 1 percent of community bank customers reporting fraud on their accounts following the breaches at Target and Neiman Marcus.
ICBA Statement on NIST Cybersecurity Framework
PRWeb - Wed Feb 12, 5:45PM CST
The Independent Community Bankers of America's(R) (ICBA) released the following statement following today's release of the National Institute of Standards and Technology's (NIST) Framework for Improving Critical Infrastructure Cybersecurity.
ICBA Urges Costs of Data Breaches to Be Borne by Responsible Parties
PRWeb - Mon Feb 03, 5:46PM CST
The Independent Community Bankers of America(R) (ICBA) today told Congress that community banks are absorbing the costs of making their customers whole following the recent data breaches at major retailers such as Target and Neiman Marcus. In a statement for a Senate Banking Subcommittee on National Security and International Trade and Finance hearing, ICBA said that the costs of reissuing cards, responding to customer concerns and protecting against fraud can be significant and should ultimately be borne by the party at fault for the breach.
ICBA Outraged at National Retail Federation Letter Blaming Banks for Retail Data Breaches
PRWeb - Wed Jan 22, 4:23PM CST
The Independent Community Bankers of America(R) (ICBA) today expressed its shock and outrage at a National Retail Federation (NRF) letter blaming the financial services industry for recent data breaches at retailers such as Target and Neiman Marcus.
ICBA Urges Congress to Enhance Incentives for Securing Consumer Data
PRWeb - Fri Jan 17, 7:32PM CST
The Independent Community Bankers of America(R) (ICBA) today called on Congress to ensure that parties that suffer a data breach are required to bear responsibility for fraud losses and restitution to affected parties. In letters to members of the House and Senate, ICBA wrote that compromises at large retailers such as Target and Neiman Marcus can shake public confidence while community banks have been working to protect their customers from adverse consequences of the breaches.
ICBA Thanks Congress for Bills Mitigating Damage from Volcker Rule
PRWeb - Wed Jan 15, 12:46PM CST
The Independent Community Bankers of America's(R) (ICBA) today thanked Congress for legislation that would protect community banks and the communities they serve from the unintended consequences of new rules designed for Wall Street financial firms. In a statement for today's House Financial Services Subcommittee on Financial Institutions and Consumer Credit hearing, ICBA said legislation introduced by subcommittee Chairman Shelley Moore Capito (R-W.Va.) and committee Chairman Jeb Hensarling (R-Texas) was essential in pressuring the federal banking regulators to release an interim final rule to rectify the Volcker Rule provision. The legislation would minimize the impact of a provision of the Volcker Rule that would have required banks to divest their holdings of certain pools of securities issued before Dec. 10, 2013.
Regulators Respond to ICBA Pressure on Volcker Rule
PRWeb - Tue Jan 14, 8:20PM CST
Federal banking regulators today responded to the Independent Community Bankers of America's(R) (ICBA) repeated calls for them to take action to rectify a Volcker Rule provision that could negatively affect hundreds of community banks. Following ICBA's tireless efforts and frequent communications and meetings with the banking agencies and Congress seeking a resolution, the regulators today released an interim final rule that is designed to mitigate the impact of a Volcker Rule provision requiring banks to divest by July 2015 their holdings of certain pools of securities known as collateralized debt obligations (CDOs) backed by trust-preferred securities (TruPS).
ICBA Supports Senate Bill to Prevent Volcker Rule Damage to Community Banks and Their Communities
PRWeb - Thu Jan 09, 11:15PM CST
The Independent Community Bankers of America(R) (ICBA) said it supports new Senate legislation that would protect community banks and the communities they serve from the unintended consequences of new Wall Street regulations. Legislation introduced would prohibit the Volcker Rule from requiring banks to divest their holdings of certain pools of securities issued before Dec. 10, 2013, which would negatively affect community banks and local economies. ICBA urges senators to quickly support and pass the legislation.
ICBA to Congress: Burgeoning Financial Concentration Dangerous to Nation's Economy
PRWeb - Wed Jan 08, 2:17PM CST
The Independent Community Bankers of America(R) (ICBA) today told Congress in a written statement that subsidies for a small number of too-big-to-fail firms increase systemic risk and pose a direct threat to our economy and taxpayers. The association also noted that the neglected consequence of these too-big-to-fail subsidies is their contribution to community bank regulatory burden. The statement was submitted ahead of the Senate Banking Subcommittee on Financial Institutions and Consumer Protection hearing on the Government Accountability Office's report on government support for bank holding companies.
ICBA Remains Concerned with Volcker Rule Following Release of Agency Document
PRWeb - Fri Dec 20, 9:11AM CST
The Independent Community Bankers of America(R) (ICBA) said it remains deeply concerned with Volcker Rule provisions requiring banks to permanently write down their holdings of collateralized debt obligations (CDOs) backed by trust-preferred securities (TruPS), which are certain pools of securities issued by banks to raise capital. This could cause many community banks to write down these securities by year-end. Despite the release by federal banking regulators of an FAQ document regarding regulatory treatment of the securities, there are many underlying questions that remain unanswered for community banks that could potentially be affected by the rule.
ICBA Urges Congress to Advocate Needed Volcker Rule Repair for Community Banks
PRWeb - Wed Dec 18, 5:33PM CST
The Independent Community Bankers of America(R) (ICBA) continues to press Congress and the banking regulators to fix the Volcker Rule to stave off unintended and detrimental consequences to many community banks. ICBA today again called on Congress to help ensure the federal banking regulators issue critically needed guidance clarifying that the Volcker Rule does not require banks to permanently write down their holdings of collateralized debt obligations (CDOs) backed by trust-preferred securities (TruPS), pools of securities issued by banks to raise capital, prior to year-end. On Monday, ICBA sent a letter urging the regulators to issue such guidance.
