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Independent Community Bankers of America (ICBA)

Increased Compliance Squeezing Out Community Banks

Bank Exterior/Credit: John Foxx

Addressing the twin challenges of persistent consolidation in the banking industry and regulations that are disproportionately burdensome on the smallest financial institutions is essential to ensuring a future for the nation’s community banking system, Independent Community Bankers of America (ICBA) President and CEO Camden R. Fine said.Click to continue

Senate Passes Flood Insurance Measure


Industry trade groups have jointly applauded the Senate for approving flood insurance legislation that will provide much-needed certainty to homeowners and financial stability for the National Flood Insurance Program (NFIP). HR 3370, the Homeowner Flood Insurance Affordability Act, was approved by the House earlier this month and is expected to be signed into law shortly by President Obama.Click to continue

Senate Banking Committee Lays Out GSE Reform Framework

Congress/Credit: Comstock

Senate Banking Committee Chairman Tim Johnson (D-SD) and Ranking Member Mike Crapo (R-ID) have announced that they have come to an agreement regarding a bill reforming housing finance and the government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac. Administrators, stakeholders and politicians from both sides of the aisle have reportedly signed onto the bill, which will hold a markup over the next few weeks.Click to continue

Trade Groups Praise House Passage of Flood Insurance Measure

Flood House/Credit: Jupiterimages

The industry has overwhelmingly commended the U.S. House of Representatives for passing flood insurance legislation that will benefit home buyers and home owners and provide a boost to home building and remodeling, while providing certainty and financial stability to the National Flood Insurance Program (NFIP).Click to continue

ICBA Seeks Exemption From Fed Reporting Regulations


The Independent Community Bankers of America (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.Click to continue

ICBA Announces Nominees for 2014 Board


The Independent Community Bankers of America (ICBA) has announced the nominees for its 2014-15 board of directors. ICBA’s board of directors will vote on the nominations during the 2014 ICBA National Convention, which will be held March 2-6 in Honolulu. Nominations for the 2014-15 ICBA board of directors and their respective positions include:

• Chairman, John H. Buhrmaster, ICBA chairman-elect and president of 1st National Bank of Scotia, N.Y.

• Chairman-elect and Federal Delegate Board chairman, Jack Hartings, president of The Peoples Bank Co. of Coldwater, OhioClick to continue

Bill Passed by Senate to Preserve Rural Housing

Congress/Credit: Comstock

The Agricultural Act of 2014 (HR 2642), approved by the Senate and the House last week, includes an important provision championed by the National Association of Home Builders (NAHB) that will enable millions of Americans to maintain access to critical rural housing programs.Click to continue

ICBA Supports Seante Delay in Flood Insurance Rate Hikes

Flood House/Credit: Jupiterimages

The Independent Community Bankers of America (ICBA) said it is pleased that the U.S. Senate has passed bipartisan legislation to protect homeowners from significant increases in flood insurance premiums, which began being phased in on Oct. 1.Click to continue