Washington, D.C. (April 29, 2024) — The Independent Community Bankers of America (ICBA) recently shared a statement from Stifel, emphasizing the crucial role of community banks in the nation's banking system.
In the statement, Brant McDuffie, Stifel’s Co-Head of Fixed Income Capital Markets, expressed Stifel's commitment to supporting community banks. McDuffie stated, “Stifel is dedicated to serving community bank clients and offers a full set of products and services tailored to our common mission to serve community banks. A robust, diverse and healthy banking system is paramount to ensure small businesses and communities across the U.S. thrive. Our belief and confidence in community banking is a central element in meeting our mission.”
Stifel's partnership with ICBA Securities as the exclusively endorsed broker-dealer further solidifies their support for community banks. ICBA, with a mission to create and promote an environment where community banks flourish, empowers these banks through advocacy, education, and innovation.
As local sources of credit, community banks play a vital role in channeling deposits into the neighborhoods they serve, thereby fostering economic prosperity and supporting customers' financial goals and dreams.
For more information about ICBA and their efforts to promote and sustain community banks, interested individuals can visit ICBA’s website at icba.org.