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Union Bank Joins ICBA For Meeting With Trump

By Staff | May 10, 2017

Photo Provided President Donald Trump and addresses a gathering of community bankers affiliated with the Independent Community Bankers of America as Vice President Mike Pence looks on.

WASHINGTON – Tim Aiken, President and CEO of Union Bank, Inc. based in Middlebourne, recently joined more than 100 community bankers affiliated with the Independent Community Bankers of America for a meeting with President Donald Trump and other top administration officials at the White House as part of the 2017 ICBA Capital Summit.

In the meeting with Trump, Vice President Mike Pence, NEC Director Gary Cohn and Small Business Administration chief Linda McMahon, Trump said the administration is focused on addressing regulatory burdens to help community banks lend to small businesses.

“Union Bank was deeply honored to be invited to attend this historic meeting at the White House, where the President reiterated his support for community banking,” said Aiken. “Union Bank was proud to be in Washington this past week to advocate on behalf of the community banking industry, so we can continue to serve our communities and be a powerful job creator and economic engine right here in northern West Virginia.”

During the meeting, community bankers presented Trump with a red “Make Community Banking Great Again” cap. In attendance at the meeting were community bankers from ICBAs Executive Committee, board of directors, Federal Delegate Board, and policy committees.

More than 1,000 community bankers were in Washington this past week for ICBA’s Capital Summit to discuss critical issues facing community banks and their communities, such as excessive regulatory burdens that affect their ability to serve their customers, make loans and create jobs. The industry’s solution to the regulatory burden problem-ICBA’s Plan for Prosperity-is a pro-growth platform to eliminate onerous and unnecessary regulatory burdens that inhibit lending and innovation.

The summit featured meetings with policymakers, remarks from speakers such as Secretary Mnuchin and House Financial Services Committee Chairman Jeb Hensarling (R-Texas), and the first-ever ICBA Future of Banking Symposium, which offered insights into the future of the rapidly changing community banking industry.

“The nation’s community banks are dedicated to fostering local economic and job growth by serving the consumers and small businesses in their communities,” said ICBA Chairman Scott Heitkamp, president and CEO of ValueBank Texas in Corpus Christi, Texas.

“Unfortunately, one-size-fits-all regulations are preventing community banks from lending and promoting prosperity at the local level. ICBA looks forward to continuing to work with President Trump, his administration and Congress to advance common-sense reforms that will help unleash the economic power of community banks,” he continued.

The Independent Community Bankers of America, the nations voice for more than 5,800 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 ICBAs website at www.icba.org.

Union Bank, headquartered in Middlebourne, is a locally-owned and managed full service community bank, with offices in Tyler, Pleasants, Ritchie and Wetzel Counties in WV, and a loan production office in Marietta, OH.