COEUR D'ALENE, Idaho, Oct. 25, 2011 (GLOBE NEWSWIRE) -- As many of the nation's consumers consider switching banks, the Independent Community Bankers of America ("ICBA") and Idaho Independent Bank ("IIB") are reminding them that now is the perfect time to join the "go local" movement by banking locally with their community bank. By doing so, consumers will realize the many benefits that come from banking with a community bank, including a relationship-based banking experience, superior customer service, and the pride that comes with reinvesting in one's community.
"By going local and banking locally with your community bank, consumers can make a real difference in the lives of their neighbors and the future of their community," said Sal Marranca, ICBA Chairman and President and CEO of Cattaraugus County Bank, Little Valley, N.Y. "They'll be making a hometown investment they can be proud of. After all, the money they deposit in their community bank will be reinvested in ways that drive their local economy, such as loans to local residents who want to buy a home or loans to small business owners."
As small businesses themselves, community banks only thrive when their customers and communities are doing well, so taking care of their customers and looking out for the best interests of their community is ingrained in the way they conduct their business each and every day. And when consumers call their local community bank, they'll be reassured to know they won't be talking to someone halfway across the globe. Instead, they will be talking with their community banker who lives and works in the same community they do.
Whether located in small towns, suburbia, or big-city neighborhoods, community banks improve America's towns by funding nearly 60 percent of all small businesses under $1 million and by using local dollars to help families purchase homes, buy a car, finance college, and build financial security. By investing in local economies and creating local jobs, community banks are an integral part of our financial system and play a key role in our nation's economic recovery. Of the more than 7,000 community banks across the country, nearly 5,000 are ICBA members. Representing more than 23,000 locations nationwide and employing more than 280,000 Americans, ICBA members hold more than $1 trillion in assets, $900 billion in deposits, and $700 billion in loans to consumers, small businesses, and the agricultural community.
"ICBA and IIB want everyone in Idaho to know that Idaho Independent Bank is not only invested in their hometown, but also in them as customers," Jack W. Gustavel, Chairman and CEO said. "Our doors are open, and we welcome everyone to go local and see the community bank difference for themselves."
About IIB
IIB was established in 1993 as an Idaho state-chartered, commercial bank and currently operates three branches in Boise, as well as branches in Meridian, Coeur d'Alene, Nampa, Mountain Home, Hayden, Caldwell, Star, Eagle, and Sun Valley/Ketchum, Idaho. IIB has approximately 200 employees throughout the State of Idaho. To learn more about IIB, visit us online at http://www.theidahobank.com/">www.theidahobank.com.
The Idaho Independent Bank company logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=1275
About ICBA
The Independent Community Bankers of America, the nation's voice for community banks, represents nearly 5,000 community banks of all sizes and charter types throughout the United States and is dedicated exclusively to representing the interests of the community banking industry and the communities and customers we serve. For more information, visit http://www.icba.org/">www.icba.org.
Statements contained herein concerning future performance, developments or events, expectations for earnings, growth and market forecasts, and any other statements that are not historical facts are forward-looking statements that are intended to be covered by the safe harbor for "forward-looking statements" provided by the Private Securities Litigation Reform Act of 1995, and as such, are subject to a number of risks and uncertainties that might cause actual results to differ materially from expectations or our stated objectives. Factors that could cause actual results to differ materially, include, but are not limited to, continued declines or worsening in regional and general economic conditions; changes in interest rates, deposit flows, demand for loans, real estate values, competition, or loan delinquency rates; changes in accounting principles, practices, policies, or guidelines; changes in legislation or regulations; changes in the regulatory environment; changes in monetary policy of the Federal Reserve Bank; changes in fiscal policy of the Federal government and the State of Idaho; changes in other economic, competitive, governmental, regulatory and technological factors affecting operations, pricing, products, and services; material unforeseen changes in the liquidity, results of operations, or financial condition of the Bank's customers. These risks and other factors are described in greater detail in the Bank's filings with the Federal Deposit Insurance Corporation, including, without limitation, the Item 1A Risk Factors section of the Bank's Annual Report on Form 10-K for the year ended December 31, 2010. Accordingly, these factors should be considered in evaluating forward-looking statements, and undue reliance should not be placed on such statements. The Bank undertakes no responsibility to update or revise any forward-looking statements.