Association News

Iowa Bankers Association President and CEO John Sorensen to Retire at Year End

Sorensen announces retirement after nearly 40 years at the Iowa Bankers Association DES MOINES, Iowa, — Iowa Bankers Association president and CEO John Sorensen is to retire after 38 years with the organization, during which the IBA become the largest state banking association in the U.S. “It has been an honor to serve Iowa bankers…

ICBA CRA Solutions/USI Alliance Names NY Community Banker Chairman

New Mexico Community Bank Leader Joins Board WASHINGTON, — ICBA CRA Solutions/USI Alliance, an ICBA subsidiary, has announced the election of Robert Fisher, chairman and president of Tioga State Bank in Spencer, N.Y. as chairman of the USI Alliance board of directors. Brett deMilliano, executive vice president and chief financial officer of First American Bank…

ICBA Opposes Approval of Freddie Mac Plan

Plan Targets Market Already Well Served by Private-Sector Community Banks WASHINGTON, — The ICBA has issued a statement on the Federal Housing Finance Agency’s conditional approval of Freddie Mac’s proposal to engage in a pilot program to purchase certain single-family closed-end second mortgages. “ICBA and the nation’s community banks are deeply concerned with the FHFA’s…

ICBA Payments Appoints Three New Members to its Board

WASHINGTON, — ICBA Payments, the payments-services subsidiary of the ICBA, has elected Jack A. Hartings, chairman of the Peoples Bank Co., in Coldwater, Ohio; Kraig Lounsberry, president and CEO of the Community Bankers Association of Illinois; and Andrew Silsby, president and CEO of Kennebec Savings Bank in Kennebec, Maine to its board of directors. “We’re…

ICBA Opposes FDIC Approval of Industrial Loan Company Application

WASHINGTON, — The ICBA has issued a statement on the FDIC approval of the formation of Thrivent Bank, a new industrial loan company, or ILC. “ICBA and the nation’s community banks strongly oppose the approval of deposit insurance applications from industrial loan companies, which present outsized risks to the Deposit Insurance Fund, financial stability, consumers,…

First National’s Matthew Lutz Named to ICBA 40 Under 40 List

IRON MOUNTAIN, Mich., — Matthew Lutz, Senior Vice President/Chief Financial Officer at First National Bank & Trust has been named to the ICBA 40 Under 40: Community Bank Leaders list. The award recognizes community bank innovators, collaborators, educators, strategists, advisors, and civic servants. “ICBA congratulates Matthew Lutz on this well-deserved recognition,” ICBA President and CEO…

95% of Small-Business Owners Are Satisfied with Community Banks

But Regulations Threaten Lending, ICBA Study Shows  WASHINGTON, — As community banks and small businesses face increasingly burdensome and complex federal regulations, the ICBA has released findings from a new study on how regulations threaten to restrict small-business lending. ICBA has shared these new findings in a letter to the federal banking agencies and Consumer…

FDIC Data: First Quarter Iowa Banking Results Show Loan and Deposit Growth

JOHNSTON, IOWA — The Iowa banking industry began the year showing strength and resiliency despite tightened margins and highly competitive rate pressure. According to data released by the FDIC, Iowa banks reported both loan and deposit growth in the first quarter. “Our nation’s banking industry continued to show resilience as first-quarter earnings bounced back from…

ICBA Services Network Names Ohio Community Banker Chairman

WASHINGTON, — ICBA Services Network, the business-services subsidiary of the ICBA, has elected Shon Myers, chairman, president and CEO of Farmers & Merchants Bank in Miamisburg, Ohio, as chairman of the board. Robert Fisher, chairman and president of Tioga State Bank in Spencer, N.Y.; Sarah Getzlaff, CEO of Security First Bank of North Dakota in…

Eisen Named ICBA Payments President & CEO

WASHINGTON, — ICBA Payments, the payments-services subsidiary of the ICBA, has appointed Jacob Eisen as its new president and CEO. “Jacob’s financial services experience and track record of success made him the ideal choice to guide ICBA Payments through its next phase of growth and development,” said Ruth Christopher, chairman of ICBA Payments and board…