President Trump Kicks off ICBA Capital Summit

newsreleaseheader2017

ICBA community bank leadership invited to White House for exclusive engagement with President

Washington, D.C. (April 30, 2017)—More than 100 community bankers representing the Independent Community Bankers of America® (ICBA) will meet with President Donald Trump and other top administration officials at the White House to kick off ICBA’s Capital Summit, which begins tomorrow. During the White House meeting set to begin at 11 a.m. on Monday, ICBA and its leadership community bank members will continue their calls for common-sense regulatory relief that will unleash the economic power of the nation’s community banks and the communities they serve.

“ICBA is deeply honored that the White House reached out to ICBA and invited more than 100 of our ICBA community bank leaders to meet with President Trump during our annual Capital Summit,” said ICBA President and CEO Camden R. Fine. “We look forward to a productive meeting with the president and his administration to discuss issues that are top of mind for our nation’s more than 5,800 community banks—issues that will be highlighted with policymakers this week as more than 1,000 community bankers convene in Washington.”

In addition to the meeting with President Trump, this year’s ICBA Capital Summit will feature remarks from Treasury Secretary Steven Mnuchin and House Financial Services Committee Chairman Jeb Hensarling (R-Texas). The 2017 ICBA Capital Summit is also being held in conjunction with ICBA’s Future of Banking Symposium, which will offer insights into the future of the rapidly changing community banking industry.

In meetings with Congress this week, the more than 1,000 community bankers attending ICBA’s Capital Summit will advocate:

•    tiered and proportionate regulation under ICBA’s Plan for Prosperity regulatory relief platform, including the CLEAR Relief Act and the Financial CHOICE Act of 2017,
•    reauthorization for the National Flood Insurance Program to ensure its continued affordability and ready access to homeowners and business owners,
•    a restructured, modernized and simplified tax code to spur economic growth and job creation,
•    an end to the credit union industry’s mission creep and unwarranted taxpayer-funded subsidies (valued at $27 billion),
•    the passage of a new farm bill that supports commodity prices, enhances USDA guaranteed-loan programs, and preserves the nation’s successful public-private crop insurance program, and
•    a halt to the Farm Credit System’s use of significant tax and funding advantages to stray from its mission and expand into non-farm lending.

“Community banks serve a critical role in helping Main Street thrive by funding the majority of the nation’s small-business and agricultural loans, but we could have an even greater impact with substantial regulatory relief,” said ICBA Chairman Scott Heitkamp, president and CEO of ValueBank Texas in Corpus Christi, Texas. “Community banks are represented in every congressional district and we’re anxious to share our stories and work with policymakers on behalf of smarter, sounder banking policies to help spur economic growth in local communities nationwide.”

For a full list of ICBA’s policy priorities and more information about community banks, visit www.icba.org.

About ICBA
The Independent Community Bankers of America®, the nation’s voice for more than 5,800 community banks of all sizes and charter types, is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education and high-quality products and services. For more information, visit ICBA’s website at www.icba.org.

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