The Independent Community Bankers of America (ICBA) issued the following statement on the federal government shutdown.
“While the nation’s community banks continue working every day to support economic growth in the local communities they serve, the ongoing government shutdown threatens to harm economic growth and Main Street economies. ICBA and the nation’s community bankers encourage all sides to work together to quickly pass a continuing resolution to reopen the government and get back to the negotiating table to finish the appropriations process. Continuing resolutions have been used multiple times over the years to simply keep the government open while finishing the budget.
“With the shutdown affecting critical market-based programs such as the Community Development Financial Institution Fund, Small Business Administration and U.S. Department of Agriculture lending programs, and the National Flood Insurance Program, timely action to end the current shutdown is imperative to ensure economic growth stays strong in local communities nationwide.”
About ICBA
The Independent Community Bankers of America® has one mission: to create and promote an environment where community banks flourish. We power the potential of the nation’s community banks through effective advocacy, education, and innovation.
As local and trusted sources of credit, America’s community banks leverage their relationship-based business model and innovative offerings to channel deposits into the neighborhoods they serve, creating jobs, fostering economic prosperity, and fueling their customers’ financial goals and dreams. For more information, visit ICBA’s website at icba.org.