Independent Banker - January 2019 - 10

CURRENCIES
The Community Bank closes
out 2018 with a bang
News
For staff at The
Community Bank,
celebrating the holidays calls
for getting involved in their
community not once, but twice.
Employees at the $428
million-asset community bank
in Zanesville, Ohio, recently
brought their own season's
greetings to the Festival of
Trees, an event organized by
the Zanesville-Muskingum
County Chamber of Commerce.
The event raised a grand total
of $53,600 in 2018-a new
record-through an auction.
The Community Bank and its
staff submit auction entries,
volunteer and bid on items
during the annual event.
" Our employees are
ICBA supports FDIC
in advocating for
disclosure-relief proposal
News
ICBA commends the FDIC for its
proposed rule to remove part 350
from the Code of Federal Regulations. Part
350 requires FDIC-insured state nonmember
banks to produce annual disclosure
statements that provide two years of
required financial data, enforcement action
notifications and more.
In a letter to the FDIC, James Kendrick,
ICBA's first vice president of accounting
and capital policy, wrote that the notices
are unnecessary because the information
provided in the disclosures can be easily
accessed through agency websites.
The proposal was issued as a result
The Community
Bank had a
float in a local
holiday parade.
of a review of outdated or otherwise
unnecessary regulations following the
Economic Growth and Regulatory Paperwork
Reduction Act.
ICBA's letter stated that the agencies'
committed to supporting community initiatives and are an
integral part of an ongoing eff ort to make our communities
a better place to live and work, " says The Community Bank
president and CEO Eric Holsky.
The festivities didn't stop there. The Community Bank was a
sponsor of a Santa house-complete with Mr. and Mrs. Claus-for
families visiting a local Christmas parade, which draws more than
10,000 spectators to the area. The bank's South Zanesville offi ce
also had a fl oat in the parade this year.
current proposal to allow eligible community
banks to file the FFIEC 051 Call Report for
the first and third quarters hardly reduces
these burdens.
ICBA continues to advocate for
meaningful call report relief by limiting
the process to the balance sheet, income
statement and statement of changes in
shareholders' equity without any other
supporting schedules.
Hear that
sound?
ICBA's
Good Reads
Community
Banking LIVE is
coming to Music City March
18-22. Have you registered?
Register before Jan. 25 for
special early-bird pricing at
icba.org/convention
Cutting-edge news
Bank Innovation has tracked cutting-edge
technologies transforming the fi nancial services
industry for nearly a decade. The tech blog
reports on innovations in mobile banking, digital
payment strategies and more. Recent stories look
at building consumer trust through data and
if fi nancial institutions need new cores as they
embrace digital banking. bankinnovation.net
10 Q ICBA Independent Banker Q January 2019
http://www.icba.org/convention http://www.bankinnovation.net
Independent Banker - January 2019

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