Since [the failure of SVB], ICBA has been the sole national voice representing community banks exclusively to ensure they would not have to pay for the mistakes of large banks. CHECKS & BALANCES SVB: One Year Later By Anne Balcer, Senior Executive Vice President, Chief of Government Relations and Public Policy, ICBA I t’s been one year since Silicon Valley Bank (SVB) collapsed, followed by Signature Bank just days later, shaking the financial world and leaving community banks to manage the aftershocks. Since that time, ICBA has been the sole national voice representing community banks exclusively to ensure they would not have to pay for the mistakes of large banks. And it’s a community bank success story. When the FDIC board of directors voted in favor of a special assessment to replenish the deposit insurance fund in November, it included an ICBA-supported exemption for most community banks. ICBA’s response to the SVB failure is a lesson in successful crisis management and advocacy, with ICBA and community bankers working to limit the impact on community banks and ensure their continued strength and viability. Let’s look back at how that victory was won. 14 NEBRASKA INDEPENDENT BANKER
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