ACB: Press Releases

Contact:	Robert Schmermund (202) 857-3104 Jim Eberle (202) 857-3145	Jim Eberle (202) 857-3145 (work) (703) 893-2593 (home) [email protected]	For Immediate Release November 3, 2002 #02-54
E-mail: [email protected]

SPOT POLL SHOWS BANKERS TAKE COMMUNITIES TO HEART

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SAN FRANCISCO — Members of America’s Community Bankers are living up to their name by devoting substantial amounts of time and other resources to community service, according to a spot news poll released today at the opening of the national trade group’s annual convention here.

Fully half of community bank presidents and CEOs personally devote 11 hours or more a month to nonprofits and other local organizations, according to an overnight fax poll sent to all ACB members. Twenty-one percent put in more than 20 hours a month on nonprofit boards and in volunteer roles.

The vast majority of community banks — 90 percent — support six or more nonprofit community organizations, with a whopping 73 percent supporting 11 or more, the poll found.

Presidents and CEOs of the smallest banks — those with assets of $100 million or less — play an outsized part in their communities, with 55 percent personally giving at least 11 hours a month to nonprofit boards or other volunteer activities. Sixty-five percent said their banks provide support to at least six nonprofits.

“The poll results underscore how community bankers play a major role in the economic development and social well-being of our communities,” said ACB Chairman Curtis L. Hage, who is chairman and CEO, Home Federal Bank, Sioux Falls, S.D.

The trade group is meeting here through Wednesday.

America’s Community Bankers is the national trade association committed to shaping the future of banking by being the innovative industry leader strengthening the competitive position of community banks. To learn more about ACB, visit www.AmericasCommunityBankers.com.

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