ICBA Selects PMA Funding as Preferred Service Provider

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Mon Mar 30, 2009 8:30am EDT

Expands Funding Options for ICBA Members


WASHINGTON--(Business Wire)--
The Independent Community Bankers of America (ICBA) announced today that it has
selected PMA Funding, a service of PMA Financial Network, Inc. and PMA
Securities, Inc., as a Preferred Service Provider. PMA Funding is a value added
service provider for banks, delivering access to stable and consistent deposits
that help them more efficiently and proactively manage costs and diversify their
funding sources. Through this new relationship, ICBA members can take advantage
of multiple funding sources including access to an established source of
municipal deposits. 

"Funding is and will continue to be a key priority for community banks," said
Dan Clancy, ICBA senior vice president of services. "PMA Funding offers a
valuable resource for our members along with extensive knowledge and expertise
gained from more than 20 years of leadership in this area. With PMA Funding, our
members will benefit from year-round access to a consistent source of public
funds and DTC eligible deposits." 

PMA Funding is the new service brand name for the collective funding services
offered by the two PMA companies. Over the last two decades, PMA Financial
Network, Inc. has established long lasting working relationships with more than
1,800 community banks, including 712 ICBA member institutions, and has placed
more than $7 billion in public fund deposits with ICBA banks since inception. At
the request of bank customers, PMA Securities, Inc. introduced DTC eligible
deposits to further broaden the options available and help banks better manage
their cost of funds in today`s challenging economic environment. Additionally,
to provide bank customers with access to non-brokered funding, PMA Funding has
partnered with QwickRate, another ICBA Preferred Service Provider. 

"We congratulate PMA Funding on its selection as an ICBA Preferred Service
Provider," said David G. Schroeder, president and chief executive officer of
American Enterprise Bank. "As an ICBA member, and a PMA Funding customer for the
past 10 years, we know first-hand the value and personal service the company
brings to community banks. PMA Funding has provided our bank with a stable
source of deposits at a reasonable market price, and has served as a key
resource in helping us to manage our ongoing funding needs." 

"We`re proud to be an ICBA Preferred Service Provider," stated Jim Lutter,
senior vice president, PMA Funding. "For more than 20 years, we have been
dedicated to serving community banks as a year-round, reliable source of
funding, nearly half of which represent ICBA members. We work closely with our
bank relationships to achieve their targeted funding objectives and to provide
enhanced services to these valued relationships." 

For more information about ICBA, visit www.icba.org. For more information about
PMA Funding, visit www.pmafunding.com.

About ICBA

The Independent Community Bankers of America, the nation`s voice for community
banks, represents nearly 5,000 community banks of all sizes and charter types
throughout the United States and is dedicated exclusively to representing the
interests of the community banking industry and the communities and customers we
serve. For more information, visit www.icba.org. 

About PMA Funding

PMA Funding, a service of PMA Financial Network, Inc. and PMA Securities, Inc.,
has provided more than 1,800 banks a stable and consistent source of funds to
help them more efficiently and proactively manage their costs. PMA Funding
offers multiple funding options, including public funds, DTC eligible deposits
and access to a non-brokered CD marketplace. For more than 20 years, banks have
utilized the services of PMA Funding to manage their liquidity plans and
diversify their funding resources. An ICBA Preferred Service Provider, PMA
Funding has assisted more than 712 ICBA member banks in securing deposits of
more than $7 billion. Note: DTC eligible CD execution is provided by PMA
Securities, Inc., which is a member of FINRA, SIPC and MSRB. "PMA Funding" is a
trademark of PMA Financial Network, Inc. Testimonials provided may not be
representative of the experience of all clients and testimonials may not
guarantee future performance or results. For information, contact 630.393.9494,
or visit www.pmafunding.com.





PMA Funding
Jim Lutter, 630-393-9494
jlutter@pmanetwork.com
or
ICBA
Media Contact:
Aleis Stokes, 202-821-4457
aleis.stokes@icba.org

Copyright Business Wire 2009

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