independent community bankers of america®€¦ · • icba plan for prosperity (2013) s. 2155 –...
TRANSCRIPT
Independent Community Bankers of America®
One Mission: To create and promote an environment where community banks flourish.
Independent Community Bankers of America®
Matt’s Indoor Baseball FacilityPittsburgh, Pa.
Tara and Ryan’s Home LoanMt. Pleasant, Pa.
Independent Community Bankers of America®
Carol’s PetResort & SpaPlum, Pa.
Independent Community Bankers of America®
Walter’s Fabricating BusinessNew Kensington, Pa.
Independent Community Bankers of America®
Tara5 weeks old
She’s awake!
Independent Community Bankers of America®
▷ Assets of $1 billion
▷ 17 offices▷ Loan Portfolio
• 45% small business• 35% mortgage• 20% consumer
+
ICBA Leadership TransitionOnly five CEOs in ICBA’s 88 year history
Cam Fine2003-2018
• ICBA president and CEO for 15 years
• Transformational
• Differentiated community banks
Rebeca Romero Rainey2018-present
• More than 20 years of experience
• Third-generation community banker
• Tough and passionate
White House2017
White House2017
White House2017
Changes are complete at most of the key regulatory agencies
• OCC – Joseph M. Otting, Comptroller of the Currency
• FDIC – Jelena McWilliams, Chairman
• Federal Reserve Board – Three new governors, including the community banking seat (Michelle “Miki” Bowman has been nominated)
• BCFP – Mick Mulvaney, Interim Director (Kathy Kraninger has been nominated)
Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) – Passed!True team effort – ICBA, ICBM and community bankers
Eight years of consistent effort and focus:
• ICBA Communities First Act (2012)
• ICBA Plan for Prosperity (2013)
S. 2155 – How It Helps Your Community Bank
• Short-form call reports
• 18-month exam cycle
• QM relief for portfolio loans
• Simplified capital rules
• Exemption from new HMDA data fields
• Appraisal exemption – rural loans
• Two Congresses
• Thousands of hours of lobbying on “the Hill”
• Hundreds of ICBA letters to policymakers
• Dozens of op-eds and hundreds of media interviews
• 15,000+ grassroots messages to Congress
S. 2155 – Eight Year Effort
S. 2155 – Eight Year Effort
• 600,000 social media impressions
• 20,000+ signatures from two petitions
• Years of hearings and testimony
• Very important: • Coordination with state affiliate
advocacy campaigns - ICBM• Individual community banker
contacts
Get Involved and Fully Engage
Develop a relationship with your members of Congress:
• Be bold• Be brave• Be vocalMake it personal—tell your story!
FASB and Current Expected Credit Losses (CECL)• Success – significant changes made to CECL standard
• Don’t relax – 2020 will be here before you know it!• Run parallel during 2019
• Work with accountants and DP provider (data for disclosures)
• If significant issues arise, contact us
• Transition resource group appointee for CECL (we have a seat!)
FINTECH
+
Independent Community Bankers of America®
Advocacy. Innovation. Education.Regulatory relief
Leveling the playing field
Differentiation
Financial technology
ICBA services & partnerships
Community bank resources
Live Events
Community Banker University®
The Value ICBA Provides for You
Independent Community Bankers of America®
Our story is almost as old as the nation we serve…• 100+ years: 1,780 members
(est. before 1917)
• 125+ years: 579 members (est. before 1892)
• 150+ years: 93 members(est. before 1867)
Ligonier, PA1913
Community Bankers:
• Be proud of what you do• You make dreams come true• You help businesses, families and communities
flourish
Independent Community Bankers of America®
One Mission: To create and promote an environment where community banks flourish.