Magazine article Independent Banker

Newslines

Magazine article Independent Banker

Newslines

Article excerpt

ICBA Hot Ticket at Political Conventions

While the votes for the upcoming presidential election have yet to be cast, the verdict is in on ICBA's lobbying outreach at the Democratic and Republican national conventions-it's a success!

Joining forces with five other member organizations of the Home- ownership Alliance, ICBA hosted celebrations in Boston and New York this summer for members of the Senate and House of Representatives who support national housing and housing finance issues. At conventions marked by scores of events, ICBA's gatherings were one of the hottest tickets in town, attracting more than 1,600 guests including senators, congressmen, governors and candidates, among others.

In New York, guests interacted with lobbyists at Rockefeller Center, while in Boston they took in views of historic Boston Harbor. With homeownership-focused themes like "Welcome Home" and "The Key to the Future," ICBA addressed community bank contributions to the American dream of homeownership while discussing the regulatory burden that limits the ability to focus on community needs.

"Community banks are proud of the role they play in making the American dream of homeownership a reality for millions of Americans," said Camden R. Fine, president and CEO of ICBA. "ICBA, together with our co-sponsoring organizations, is proud to be a part of highlighting this message to the. lawmakers. We are thrilled at the attendance at our events and the very positive response we received from numerous members of Congress."

Among the notables in Boston were Sens. Paul Sarbanes (Md.), Jack Reed (R.I.), Bill Nelson (FIa.), Ron Wyden (Ore.), Kent Conrad (N. D.) and Tom Carper (Del.) and television host Greta Van Susteren. In New York, Sens. Bob Bennett (Utah), Jim Talent (Mo.), and Ted Stevens (Alaska), Reps. George Nethercutt (Wash.), Tim Murphy (Pa.), and Randy Neugebauer (Texas) and political pundit Charlie Cook made appearances.

Rewarding Trust with Loyalty

In the wake of recent corporate accounting scandals, most employees (70 percent) still believe their organization's leadership is extremely or moderately trustworthy, according to a poll released by the Wall Street Journal.

Only 11 percent of employees feel that their organization's leadership is not at all trustworthy, while 20 percent of employees rate their leaders as "mildly trustworthy."

"The best places to work create loyalty among employees," says Tony Lee, editor of the Wall Street Journal's Career Journal.

As hiring demand continues to improve, it's even more important for top company executives to maintain employee loyalty by demonstrating that they can be trusted to lead their companies through this period of new growth."

Savings for a Rainy Day

The U.S. Mint estimates $7 bil- lion in coins are effectively out of circulation because they are stored in coin jars and bu- reau drawers in people's homes. A company that makes coin counting machines estimates the average household has a stash of coins between $30 and $50.

National Community Bank Service Award Entries Sought

Do you want to shine the spotlight on your employees' community service efforts? Is your bank engaged in an outstanding community service project? Then ICBA wants to hear from you. …

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