Magazine article Independent Banker

One Voice for Community Banks

Magazine article Independent Banker

One Voice for Community Banks

Article excerpt

More than 75 years ago, ICBA was founded on a very basic ideal: to be an association of community banks, for community banks, governed by community banks. ICBA is an association where each member bank has an equal voice and vote-one bank, one vote! It is an association in which board leadership is openly elected by its members-not appointed.

As befits an association founded and directed by community bankers, ICBA can always be counted on-without hesitation-to promote and defend the franchise value of your community bank. The association is free to speak clearly, forcefully and independently and to act assertively for the best interests of our member banks. And we remain focused on only those issues that impact community banks and their customers and communities.

Whenever and wherever possible, ICBA always seeks allies with any organization that will help further the interests of community banks. However, the association's positions and the interests of community banks will never be compromised by ICBA simply for the sake of harmony. We won't waver from speaking out or taking action in our members' interests-even if others wish us to do otherwise.

Community banks cannot afford to do without vigorous, focused representation in Washington. The stakes are far too high, and our opponents are far too powerful and numerous.

Consider this: Of the nearly $12 trillion in banking industry assets, about $3.5 trillion is controlled by only three institutions. …

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