First Community Bank and Trust Helps Customers Build Financial Stability
Just one of the many ways community banks build more economically sustainable communities
Washington, D.C. (April 21, 2014) — Community banks help customers build financial stability, said the Independent Community Bankers of America® (ICBA) and thousands of its community bank members, including First Community Bank and Trust, which are celebrating ICBA Community Banking Month and Financial Literacy Month throughout April. Community banks are able to serve as financial first responders to their customers by helping them build strong foundations for financial literacy—providing them with knowledge, tools and a relationship banking experience that helps them navigate their finances in both the present and future.
“Community banks are relationship lenders who only thrive when their customers and communities do the same,” said ICBA Chairman John H. Buhrmaster, president of 1st National Bank of Scotia, N.Y. “As community bankers, we strive to educate our customers so they understand financial terms, products and how to manage their money, but ultimately, it’s up to the customer to be knowledgeable and make the right choices—and that’s exactly why financial literacy is so important. It allows consumers to be empowered to make the right financial choices that lead them to a lifetime of financial stability and prosperity.”
ICBA has an ongoing commitment to promoting financial literacy, encouraging its members to provide programs within their communities and forging government, nonprofit and private-sector partnerships, such as with the Jump$tart Coalition, America Saves Week and the FDIC Money Smart program.
“Taking care of our customers in Beecher and Peotone is ingrained in the way we conduct business,” said Greg M. Ohlendorf, President and CEO of First Community Bank and Trust. “By helping our customers succeed, we help our communities succeed. That’s the business we know and that’s the business we community bankers want to be part of—making people’s lives better.”
With nearly 5,000 members, representing more than 24,000 locations nationwide and employing 300,000 Americans, ICBA members hold $1.3 trillion in assets, $1 trillion in deposits, and $800 billion in loans to consumers, small businesses and the agricultural community. There are almost 7,000 community banks, including commercial banks, thrifts, stock and mutual savings institutions, with more than 50,000 locations throughout the United States. Assets may range from less than $10 million to $10 billion or more. Community banks constitute 96.8 percent of all banks.
To follow the conversation on ICBA Community Banking Month, follow the hashtag #BankLocally on Twitter. To learn more about community banks, visit www.icba.org.
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 99 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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Steven D. Koehn, VP
First Community Bank and Trust