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Ohlendorf, ICBA Meet with Treasury Secretary Jack Lew

Important Role of Community Banks Discussed

Beecher, IL (April 30, 2013) — First Community Bank and Trust President and CEO Greg Ohlendorf, along with other members of the Independent Community Bankers of America leadership, met with Treasury Secretary Jack Lew on Tuesday to discuss some of the community banking industry's top policy priorities. The meeting at the Treasury Department in Washington focused on community banker concerns with new mortgage rules, excessive regulatory burdens, Basel III capital guidelines, too-big-to-fail and the low-interest-rate environment.

Ohlendorf stated after the meeting, "It is critically important that community bankers take their message to Washington DC. Our regulators and representatives need to hear firsthand the issues that community banks are facing with the myriad of new rules and regulations. These rules can impede a bank's ability to make loans in their local communities, which hurts the progress of our country's economic recovery".

ICBA representatives noted that community banks play an important role in the mortgage market that should not be impinged by the glut of mortgage rules that regulators have issued so far this year. They also discussed the importance of direct and equal access to the secondary market and noted that Basel III was designed for the largest financial institutions, not community banks.

In addition to Ohlendorf, ICBA leadership community bankers Bill Loving, John Buhrmaster, Jack Hartings, and Jack Hopkins, ICBA President and CEO Cam Fine, and ICBA Senior Executive Vice President of Government Relations Karen Thomas represented the industry at the meeting.

About ICBA
The Independent Community Bankers of America®, the nation's voice for nearly 7,000 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 www.icba.org

About First Community Bank and Trust
First Community Bank and Trust is a privately owned bank. Established in 1916 First Community Bank and Trust has been serving Beecher, IL, Peotone, IL and the surrounding communities for over 95 years. Our commitment to providing the best banking products and services is matched only by our outstanding customer service. We offer traditional community banking services, including mortgage, consumer, and commercial lending, as well as state of the art electronic banking services.

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Press Contact:
Steven D. Koehn, VP
First Community Bank and Trust
(708) 946-2246