ICBA CRA Solutions Names New Chairman
WASHINGTON, — ICBA CRA Solutions/Senior Housing Crime Prevention Foundation (SHCPF), an ICBA subsidiary, has elected Gary Teagno, president and founder of Zeus Advisory Services and retired president and CEO of the ICBA Services Network, as chairman of the Senior Housing Crime Prevention Foundation board of directors. “We’re pleased to have long-time board member Gary step…
ICBA Remains Concerned with CFPBís 1033 Rule
WASHINGTON, — ICBA President and CEO Rebeca Romero Rainey issued the following statement on the Consumer Financial Protection Bureau’s 1033 final rule. “While the Consumer Financial Protection Bureau’s 1033 final rule includes an important, ICBA-advocated community bank exemption, ICBA and the nation’s community bankers remain concerned about the impact of the rule on consumer data…
FDIC Proposes Enhancing Industrial Loan Company Oversight
WASHINGTON, — The ICBA has expressed support for an FDIC proposed rule that would enhance oversight of industrial loan companies, or ILCs. In conjunction with the letter, ICBA also released new polling data showing consumer skepticism with the ILC charter, a legal loophole that allows full-service banks to skirt oversight and violate U.S. policy separating…
Latest Credit Union Acquisition Requires Federal Response
WASHINGTON, — The ICBA has issue a statement after the 19th acquisition of a tax-paying bank by a tax-exempt credit union in 2024, which expands on this year’s annual record. “This latest deal of a Tennessee-based credit union acquiring a Kentucky bank comes months after Tennessee enacted a law barring credit union acquisitions of the…
Record-High Community Bank Acquisitions by Tax-Exempt Credit Unions Requires Policy Response
WASHINGTON, — The ICBA issued the following statement after this year’s 17th acquisition of a tax-paying bank by a tax-exempt credit union — a new single-year record. “Acquisitions of tax-paying community banks by tax-exempt credit unions have set a record high this year at precisely the moment that policymakers and the American public are increasingly…
ICBA Supports Acting Comptroller Michael Hsuís Stance on Large Bank Supervision
WASHINGTON, — ICBA President and CEO Rebeca Romero Rainey issued a statement on Acting Comptroller of the Currency Michael Hsu’s remarks on evolving bank supervision. “ICBA and the nation’s community banks share Acting Comptroller Hsu’s concerns about the impact of growing banking industry concentration on industry supervision. “ICBA agrees that there must be a commensurate…
Policymakers Should Bar Credit Unions from Using Wall Street to Acquire Community Banks
WASHINGTON, — The ICBA has called on the National Credit Union Administration to bar tax-exempt credit unions from using funds raised from Wall Street investors to finance acquisitions of tax-paying community banks. “The credit union tax exemption should not be for sale to the highest bidder on Wall Street,” ICBA President and CEO Rebeca Romero…
Iowa Bankers Association Announces 2024-25 Leadership
Jim Plagge of Bank Iowa to chair IBA Board of Directors JOHNSTON, Iowa, — The Iowa Bankers Association recently elected officers and directors to serve on its 2024-25 Board of Directors. These leaders assumed their roles during the IBA Annual Convention, held Sept. 15-17 in Des Moines. Officers for the IBA executive committee are: Jim…
CBM Announces 2024 Awards
EAST LANSING, Mich., — The Community Bankers of Michigan has selected Mishelle Comstock as its Best of Community Banking Award recipient, while Emily Anderson and Josh Hocul both earned the association’s Rising Star Awards. Mishelle Comstock, Shelby State Bank President and CEO, was recognized as the 2024 recipient of the CBM Best of Community Banking…
Iowa Bankers Association Names Adam Gregg President and CEO
JOHNSTON, Iowa, — The IBA has named Adam Gregg, former lieutenant governor, its President and CEO. Gregg succeeds President and CEO John Sorensen, who will retire at year-end. “We are excited to welcome Adam as our next president and CEO,” said IBA Chair Mary Kay Bates, president and CEO, Bank Midwest. “In his role as…