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 RFP that was distributed to over 30 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 chosen for many reasons. These reasons include its strong capital base. Its reputation as a fair and honest broker/dealer and its expertise as a community bank investment specialist.
Vining Sparks is dedicated to providing the products and support necessary to remain a value added broker/dealer for ICBA member banks. Vining Sparks specializes in trading the traditional debt securities that are suitable for community banks. Vining Sparks is one of the 20 largest underwriters of government agency debt in the world, and is a leading pooler of SBA 7(a) guaranteed loan products. Vining Sparks also inventories a wide array of mortgage and municipal securities.
Vining Sparks or its subsidiaries and affiliates also offer a line of strategic products such as Whole Loans, Interest Rate Products and M&A and valuation advice.
In addition, Vining Sparks offers industry-leading proprietary analytics to assist community banks in creating a high-performing balance sheet. These tools include:
- Risk Manager
- Bond Accounting
- Performance Profile
- Performance Architect
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’ exclusively endorsed broker.
Education is an important element of ICBA Securities. ICBA Securities representatives speak at and attend most state community banking conferences. ICBA Securities conducts an average of 50 educational events per year. ICBA Securities also is proud to be endorsed by over 30 community bank state associations.
ICBA Securities annually hosts the ICBA Bond Academy, which equips community bank portfolio managers with the skills to maintain a high performing institution, and the ICBA Balance Sheet Academy, which is an intermediate-level program for more experienced financial managers.
ICBA Securities also endorses and teaches at the Barret Graduate School of Banking in Memphis, Tenn. 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 2017, it had reinvested over $46 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.