ICBA Congratulates FDIC Chairman Nominee

Apr 19, 2001, 01:00 ET from Independent Community Bankers of America

    WASHINGTON, April 19 /PRNewswire/ -- The Independent Community Bankers of
 America welcomes the nomination of Don Powell, a community banker, to the
 chairmanship of the Federal Deposit Insurance Corp.
     "Mr. Powell brings a wealth of experience as a community banker to this
 important post," said Ken Guenther, ICBA's president and CEO.
     Guenther added, "We hope that he builds on the important and courageous
 FDIC reform proposals that Chairman Tanoue has outlined to the country and the
 Congress.  It is a very key time in the future of the FDIC that is so
 essential to the safety and soundness of the banking system."
     "We look forward to working with Chairman Powell in the months and years
 ahead," Guenther concluded.
 
     ICBA is the primary voice for the nation's community banks, representing
 5,300 institutions at nearly 17,000 locations nationwide.  Community banks are
 independently owned and operated and are characterized by attention to
 customer service, lower fees and small business, agricultural and consumer
 lending.  ICBA's members hold more than $486 billion in insured deposits, $592
 billion in assets and more than $355 billion in loans for consumers, small
 businesses and farms. They employ nearly 239,000 citizens in the communities
 they serve. For more information, visit http://www.icba.org .
 
 

SOURCE Independent Community Bankers of America
    WASHINGTON, April 19 /PRNewswire/ -- The Independent Community Bankers of
 America welcomes the nomination of Don Powell, a community banker, to the
 chairmanship of the Federal Deposit Insurance Corp.
     "Mr. Powell brings a wealth of experience as a community banker to this
 important post," said Ken Guenther, ICBA's president and CEO.
     Guenther added, "We hope that he builds on the important and courageous
 FDIC reform proposals that Chairman Tanoue has outlined to the country and the
 Congress.  It is a very key time in the future of the FDIC that is so
 essential to the safety and soundness of the banking system."
     "We look forward to working with Chairman Powell in the months and years
 ahead," Guenther concluded.
 
     ICBA is the primary voice for the nation's community banks, representing
 5,300 institutions at nearly 17,000 locations nationwide.  Community banks are
 independently owned and operated and are characterized by attention to
 customer service, lower fees and small business, agricultural and consumer
 lending.  ICBA's members hold more than $486 billion in insured deposits, $592
 billion in assets and more than $355 billion in loans for consumers, small
 businesses and farms. They employ nearly 239,000 citizens in the communities
 they serve. For more information, visit http://www.icba.org .
 
 SOURCE  Independent Community Bankers of America