BREAKING NEWS

BREAKING NEWS

Cattaraugus County Bank joins ICBA for meeting with President Trump

WASHINGTON, D.C. — Mike Wimer, President & CEO of Cattaraugus County Bank, and Sal Marranca, CCB’s Chairman, joined a group of community banking leaders and the Independent Community Bankers of America (ICBA) this week for a meeting with President Donald Trump and other top administration officials at the White House as part of the 2017 ICBA Capital Summit. In the meeting with President Trump, Vice President Mike Pence, National Economic Council Director Gary Cohn, and Small Business Administration chief Linda McMahon, Trump said the administration is focused on addressing regulatory burdens to help community banks lend to small businesses.

“CCB was deeply honored to be invited to attend this historic meeting, where the President reiterated his support for community banking,” said Wimer. “CCB is proud to be in Washington this week to advocate on behalf of our industry so we can continue to serve our community and be a powerful job creator and economic engine right here in western New York.”

In attendance at the White House meeting were community banking leaders from ICBA’s Executive Committee, board of directors, Federal Delegate Board, and policy committees. More than 1,000 community bankers were in Washington this week for ICBA’s Capital Summit to discuss critical issues facing community banks and their communities, such as excessive regulatory burdens that affect their ability to serve their customers, make loans and create jobs. The industry’s proposed solution to the regulatory burden problem — ICBA’s Plan for Prosperity — is a pro-growth platform to eliminate onerous and unnecessary regulatory burdens that inhibit lending and innovation.

The summit featured meetings with policymakers, presentations from speakers such as Treasury Secretary Steven Mnuchin and House Financial Services Committee Chairman Jeb Hensarling (R-Texas), and the first-ever ICBA Future of Banking Symposium, which offered insights into the future of the rapidly changing community banking industry.

“The nation’s community banks are dedicated to fostering local economic and job growth by serving the consumers and small businesses in their communities,” said ICBA Chairman Scott Heitkamp, president and CEO of ValueBank Texas in Corpus Christi, Texas. “Unfortunately, one-size-fits-all regulations are preventing community banks from lending and promoting prosperity at the local level. ICBA looks forward to continuing to work with President Trump, his administration and Congress to advance common-sense reforms that will help unleash the economic power of community banks.”

More information about ICBA’s Capital Summit, Future of Banking Symposium, and Plan for Prosperity is available on the ICBA website.

About ICBA: The Independent Community Bankers of America, the nation’s voice for more than 5,800 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. For more information, visit ICBA’s website at www.icba.org.

About CCB: CCB is an FDIC insured New York State chartered independent, community bank. From January 2, 1902, CCB has established an unprecedented record of fiscal integrity and sound financial growth, which now totals over $215 million in assets. CCB maintains convenient ATMs and can be found on the web at www.ccblv.com. CCB is an equal housing lender. CCB’s main office is located in Little Valley, with seven branch offices.

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