The Independent Community Bankers of America (ICBA) applauded President Barack Obama for signing into law an ICBA policy priority that will promote additional lending on Main Street by improving community bank and thrift access to capital.
 
The law doubles the Small Bank Holding Company Policy Statement asset threshold from $500 million to $1 billion. It also allows small savings and loan holding companies to be covered by the policy statement’s provisions.
 
“ICBA applauds President Obama for signing into law this important modernization of the Small Bank Holding Company Policy Statement capital guidelines,” ICBA President and CEO Camden R. Fine said. “This measure will make it easier for community bank and thrift holding companies to raise additional capital and improve lending.”
 
The Independent Community Bankers of America, the nation’s voice for more than 6,500 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.