ICBA achieves record-breaking dividend in excess of $4.6M

WASHINGTON – The Independent Community Bankers of America this month announced its members will pay out dividends totaling more than $4.6 million through participation in the association’s insurance program for 2015.
This is the 15th consecutive dividend paid by the 1,300-member association thanks to the insurance program, ICBA/Travelers, and it’s the largest amount paid out in a single program year, according to a press release.
“Community banks have unique and evolving insurance needs that can be addressed by the range of customized insurance products offered by the ICBA/Travelers program,” said Dan Clancy, ICBA executive vice president of services, in a statement. “The record-breaking dividend for the 2015 program year rewards bankers for managing their risk and facilitates reinvestment in their local communities.”

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