This year’s retreat theme is All In for Community Banking. My
question to all of you is this: are you going to push all in or fold?
During my recent trip to the ICBA National Convention in Las Vegas,
being surrounded by slot machines, roulette tables and poker
tournaments got me thinking about our current state of community
banking and the important concept of all of us pushing all in.
The way I see it, as a community banking industry, we have two
choices and very little middle ground. Either we can get in the game and
push all our chips in to fighting; Too Big to Fail, Basel III, Credit Union
Business Lending Cap Increase and all the other negative regulatory
impacts to your business and way of life or we can fold. We can get
behind the ICBA Plan for Prosperity, or we can get run over by regulation.
The ICBSD board of directors has voted to push, not fold. Recently
we had a unanimous vote to put the ICBSD’s support behind the Plan for
Prosperity. Board members have and continue to attend in-state events
with our legislators, five community bankers are traveling to Washington
D.C. from April 23rd - 26th to meet with legislators on Capitol Hill.
Numerous emails, letters and phone calls are continuing to be completed
to regulators and legislators.
Earlier this year, in an article to you, I told you I was going to make
it easy for you to become an advocate. I hope you have found my emails
helpful; I would invite you to visit our website and review the materials
available to your bank. It is going to take a team effort and an all in push
to continue to spread our message that community banking is good for
America and the overall health of our economy.
Here are some stats for you to think about:
Too Big to Fail Banks
• 70% of American Banking Assets are held by only 10 institutions
• Those 10 institutions spent over 27 million dollars on lobbying
• JP Morgan Chase holds over 2.027 trillion alone.
• Nearly 7,000 community banks hold 2.8 trillion in assets
• 48.1% of Small Business Loans
• 43.8 of Farm Loans
• 42.8% of Farm Real Estate Loans
• 400 Counties in the United State only have a community bank
As we continue 2013, let’s go All In for Community Banking.
McCurry, a native of MN and resident of Mitchell, SD, holds a Bachelor of Arts degree in Communications / Marketing from the Minnesota State University, Mankato. Prior to joining the ICBSD as President and CEO, he directed the marketing, sales and government relations efforts at Santel