ICBA Securities Corporation (ICBA Securities) is a service of the ICBA Services Network®, a wholly owned subsidiary of the ICBA (Independent Community Bankers of America). ICBA Securities was licensed in 1989 following two years of intensive research by ICBA's Bank Services Committee. As part of its research, the Bank Services Committee hired a bank consulting firm that helped them develop a comprehensive Request-For-Proposal that was distributed to 33 firms nationwide. Based on the proposals submitted and lengthy interviews over a six month period, the Committee selected Vining Sparks to serve as ICBA Securities' exclusively endorsed broker. Vining Sparks was a logical choice based upon its:
- Strong capital base,
- Reputation as a fair and honest broker/dealer,
- Expertise as a community bank investment specialist, and
- Analytical tools such as
- Risk Manager
- Bond Accounting
- Performance Profile
- Performance Architect
Vining Sparks is dedicated to providing the products and support necessary to remain a competitive value-added broker/dealer for ICBA member banks. Products actively traded and carried in inventory include Treasuries and Agencies, Fixed Rate Mortgage Backed Securities, Adjustable Rate Mortgage Backed Securities, Collateralized Mortgage Obligations, Corporates, Municipals, SBAs and other securities suitable for community bank investments.
Vining Sparks or its subsidiaries also offer a line of strategic products such as Whole Loans, Interest Rate Products, M&A and valuation advice, and portfolio management.
ICBA Securities has seven directors, six of whom are community bankers. This board of influential bankers assists in advocacy for the industry, and promotes Vining Sparks as ICBA Securities’ endorsed broker.
Education is an important element of ICBA Securities. ICBA Securities representatives speak at and attend most state independent banking conferences. ICBA Securities conducts an average of 50 educational events per year, ICBA Securities periodically hosts the ICBA Bond Academy, which equips community bank portfolio managers with the skills to maintain a high performing institution. Every month the President of ICBA Securities, Jim Reber, writes an investment column for the Independent Banker magazine.
Because ICBA Securities is owned by the nation’s largest trade association for community banks, it has a commitment to return all of its profits to the industry, in the form of royalties, sponsorships, or dividends. Through 2016, it had reinvested over $45 million back into its supporting state/regional partners or into the ICBA.
If you would like to learn more about the organization, please contact your Vining Sparks sales representative or ICBA Securities President, Jim Reber at (800) 422-6442.