TCM Bank Appoints Damon Moorer as President
PRWeb - Mon Jun 06, 3:10PM CDT
ICBA Bancard(R), the payment-services subsidiary of the Independent Community Bankers of America(R) (ICBA), today announced Damon Moorer has been promoted to president of its credit card bank, TCM Bank, N.A. Moorer, who was also named as a director, will continue to oversee the bank's operational functions, with additional responsibility for guiding future profitability by establishing goals, policies, and strategies as set forth by the board.
ICBA to Congress: Tax-Subsidized Farm Credit System Abandoning Mission
PRWeb - Thu May 19, 10:50AM CDT
The Independent Community Bankers of America(R) (ICBA) today told Congress that the tax-advantaged Farm Credit System is undermining rural credit availability. Testifying before the Senate Agriculture Committee, ICBA community banker Gus Barker said the government-sponsored enterprise has strayed from its mission of serving farmers and ranchers by making nonfarm loans and weakening community banks.
ICBA: FASB Continues Progress with Revised Accounting Disclosures
PRWeb - Wed Apr 27, 6:31PM CDT
The Independent Community Bankers of America(R) (ICBA) today said the Financial Accounting Standards Board (FASB) has taken another important step in addressing community bank concerns with its proposed accounting standards update. FASB today advanced a revised Current Expected Credit Loss proposal exempting many community banks from certain new financial statement disclosure requirements that would have been excessively burdensome for their non-complex business model. In addition, FASB extended the implementation dates for an additional year for all financial institutions.
Community Bankers Taking to Capitol Hill This Week for ICBA Washington Policy Summit
PRWeb - Mon Apr 25, 10:35AM CDT
Community bankers from across the nation will be swarming Capitol Hill this week for this year's Independent Community Bankers of America(R) (ICBA) Washington Policy Summit, which runs through Wednesday. Attendees are bringing the message of the nation's more than 6,000 community banks and the countless customers and communities they serve to members of Congress and regulators. Community bankers will meet with policymakers to discuss key issues affecting community banks and local economies, including regulatory relief, data security, taxpayer subsidies for credit unions and the Farm Credit System, and crop insurance.
Pacific Continental Bank Wins Second Consecutive Community Bankers Cup by Raymond James
PR Newswire - Mon Apr 04, 11:38AM CDT
Pacific Continental Bank, the bank subsidiary of Pacific Continental Corporation (Nasdaq: PCBK) has again been recognized by Raymond James as one of the top performing community banks in the country with its prestigious Community Bankers Cup. The award recognizes the top 10 percent of community banks nationally, based on various profitability, operational efficiency and balance sheet metrics. 301 community banks were considered and only 30 were ultimately awarded. Pacific Continental Bank was also recognized with the same award last year by Raymond James.
PCBK: 16.43 (-0.32)
Webinar April 12 will Explore Equipment Leasing Challenges, Opportunities for Community Banks
PR Newswire - Mon Apr 04, 8:35AM CDT
Increasing competition and regulatory pressures are encouraging more community banks to offer equipment leasing products to their customers. Independent Banker, a publication of the Independent Community Bankers of America, is sponsoring a webinar at 12 Noon (Eastern) Tuesday, April 12 featuring experts from The Alta Group who will discuss today's leasing marketplace for community banks.
New ICBA Chairman's Message to Nation's Community Bankers: "Our Work Matters"
PRWeb - Wed Mar 09, 12:35PM CST
Rebeca Romero Rainey, chairman and CEO of Centinel Bank of Taos, N.M., who becomes chairman of the Independent Community Bankers of America(R) today, urged community bankers gathered at the ICBA Community Banking LIVE(R) 2016 national convention to share their unique story as they work to secure a future where community banks flourish.
ICBA Announces 2016 Community Banking Policy Priorities
PRWeb - Tue Mar 08, 8:04AM CST
The Independent Community Bankers of America(R) (ICBA) today announced its top legislative and regulatory priorities for 2016. ICBA made the announcement at its ICBA Community Banking LIVE(R) national convention in New Orleans.
ICBA's Cam Fine to Community Bankers: ICBA will Always Have Your Back
PRWeb - Mon Mar 07, 10:45AM CST
Independent Community Bankers of America(R) (ICBA) President and CEO Camden R. Fine told community bankers gathered at the ICBA Community Banking LIVE(R) 2016 national convention that ICBA will always have their back. Fine told the community banking industry audience that ICBA has but one mission: to create and promote an environment where community banks flourish.
Home BancShares, Inc. Awarded Raymond James Community Bankers Cup Award for Third Year in a Row
GlobeNewswire - Wed Mar 02, 4:15PM CST
Home BancShares, Inc. (NASDAQ:HOMB), parent company of Centennial Bank, announced they received a 2015 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. Of the more than 300 community banks across the United States analyzed for the awards, Home BancShares ranked seventh among the Cup winners. Home BancShares, Inc. is a past recipient of the Raymond James Community Bankers Cup, having received the award for the third year in a row.
HOMB: 22.26 (-22.33)
ICBA to FASB: Hit Stop Button on Dangerous Accounting Plan
PRWeb - Sat Feb 06, 6:21PM CST
A delegation of community bankers from the Independent Community Bankers of America(R) (ICBA) met today with the Financial Accounting Standards Board (FASB) on widespread concerns with FASB's controversial proposed accounting reforms. The three community bankers--Greg Ohlendorf, president and CEO of First Community Bank and Trust in Beecher, Ill.; Lucas White, vice president and director of The Fountain Trust Co. in Covington, Ind.; and Tim Zimmerman, president and CEO of Standard Bank in Monroeville, Pa.--warned that the Current Expected Credit Loss (CECL) proposal could irreversibly damage the ability of community banks to continue meeting the needs of local customers and communities.
Bipartisan Congressional Letter Supports ICBA Case Against FASB Accounting Reforms
PRWeb - Wed Feb 03, 1:30PM CST
Ahead of this Thursday's Independent Community Bankers of America(R) (ICBA) meeting with the Financial Accounting Standards Board (FASB), a bipartisan group of 62 members of Congress, led by Reps. Scott Tipton (R-Colo.) and Patrick Murphy (D-Fla.), expressed strong concerns with FASB's proposed accounting standards update. In a letter to FASB following robust ICBA advocacy, members of Congress said the Current Expected Credit Loss (CECL) proposal could irreversibly damage community banks' and credit unions' ability to continue serving their customers.
ProfitStars, ICBA expand preferred service provider relationship
M2 - Tue Feb 02, 12:34PM CST
Jack Henry & Associates, Inc. (NASDAQ: JKHY) ProfitStars division has added Relationship Profitability Management (RPM) and Commercial Lending Center to the Independent Community Bankers of America (ICBA) preferred service provider program, the company said. ProfitStars' RPM is an enterprise-wide customer and relationship profitability system. Using information from deposits, loans, transactions and fee-based products, it applies sophisticated business rules to determine accurate and timely profitability results. RPM enables community banks to generate and react to profitability information ranging from product and customer levels up to the organizational level, ultimately helping banks better contain costs and more effectively manage customer relationships. ProfitStars' commercial lending center offers community banks a convenient online loan application process and management cycle to attract more commercial and industrial borrowers. The bank-branded online portal allows borrowers to submit an application online, and offers a better workflow process which directs the customer to an appropriate loan product based on pre-defined criteria. The Independent Community Bankers of America (ICBA) represents the interests of the community banking industry and its membership through advocacy, education and products and services. ProfitStars combines JHA's technology background with breakthroughs in six performance-boosting solution groups--financial performance, imaging, JHA payment solutions, information security & risk management, retail delivery, and online & mobile. Jack Henry & Associates, Inc. is a provider of technology solutions and payment processing services primarily for the financial services industry.
JKHY: 85.78 (+0.34)
ProfitStars, ICBA Expand Preferred Service Provider Relationship
PR Newswire - Tue Jan 26, 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 announced today the addition of Relationship Profitability Management(TM) (RPM) and Commercial Lending Center(TM) to the Independent Community Bankers of America® (ICBA) Preferred Service Provider program.
JKHY: 85.78 (+0.34)
ICBA Calls for Community Banker Meeting with Full FASB Board
PRWeb - Thu Jan 07, 5:30PM CST
The Independent Community Bankers of America(R) (ICBA) called on the full Financial Accounting Standards Board (FASB) to meet directly with community bankers on the adverse impact of FASB's proposed Current Expected Credit Loss (CECL) model. In a letter to FASB Chairman Russell G. Golden, ICBA President and CEO Camden R. Fine wrote that the board should also pause the standard-setting process until community bank concerns have been fully explored and remedied.
Equities Driven By Market Influences - Research on Community Bankers, PAR Technology, Eagle Bulk Shipping and General Finance
ACCESSWIRE - Tue Dec 01, 7:51AM CST
NEW YORK, NY / ACCESSWIRE / December 1, 2015 / Moments ago, Trader's Choice released new research updates concerning several important developing situations including the following equities: Community Bankers Trust Corp (NASDAQ: ESXB), PAR Technology Corp (NYSE: PAR), Eagle Bulk Shipping Inc (NASDAQ: EGLE) and General Finance Corp (NASDAQ: GFN). Trader's Choice has perfected the profitable art of picking stocks, cutting through the noise to deliver the top trade, every year. The full Research Packages are being made available to the public on a complimentary basis.
EGLE: 0.54 (-0.02), PAR: 4.71 (-0.03), ESXB: 5.14 (-0.08), PTC: 37.88 (-0.27), GFN: 4.13 (+0.02)
Keep it in the Community: ICBA Encourages Consumers to Go Local for the Holidays
PRWeb - Mon Nov 23, 2:01PM CST
With all things "community" in mind, the Independent Community Bankers of America(R) (ICBA) and the nation's more than 6,000 community banks are encouraging consumers to Go Local for the Holidays. With an estimated 28 million small businesses in the United States, locally owned and operated companies are a great spot for consumers to visit throughout the season for their holiday purchases. When you support locally owned and operated businesses by shopping or dining locally, $68 of every $100 spent stays in the local economy.
ICBA's Fine Recognized on The Hill's List of "Top Lobbyists"
PRWeb - Wed Oct 28, 2:00PM CDT
Camden R. Fine, president and CEO of the Independent Community Bankers of America(R) (ICBA), the nation's voice for community banks, was named a top lobbyist by The Hill on its annual list of the most influential advocacy leaders. Fine has been named to the list every year since 2008. The story, released by The Hill today, says "Looking out for the banking industry's little guy, Fine is pushing for sweeping changes at the Consumer Financial Protection Bureau, including the addition of a five-member commission and an independent inspector general to increase accountability."
Independent Community Bankers of America Selects Verafin as a Preferred Service Provider
BusinessWire - Tue Oct 06, 9:19AM CDT
Verafin Inc., an industry-leading, cloud based cross-institutional Fraud Detection and AML (FRAMLx) collaboration software provider, announced that is has been selected by the Independent Community Bankers of America (ICBA) as their newest Preferred Service Provider.
ICBA Opposes Plan to Expand Credit Union Business Lending Powers
PRWeb - Mon Aug 31, 7:02PM CDT
The Independent Community Bankers of America(R) (ICBA) expressed strong opposition to the National Credit Union Administration board's proposed rule to relax business-lending rules for tax-exempt credit unions. In a comment letter, ICBA wrote that the proposed rule to expand lending authority while relaxing regulatory oversight would jeopardize the safety and soundness of federally insured credit unions and place undue risk on U.S. taxpayers.