Community Bankers Association of Illinois
Community Bankers Association of Illinois    Community Bankers Association of Illinois CBAI E-Newsletter Sponsor - SHAZAM
 
     A Bi-Weekly News Bulletin for CBAI Members                       January 25, 2012 Graphic
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Community Bankers Association of Illinois
Community Bankers Association of Illinois Community Bankers Association of Illinois

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  • SBLF Boosts Small Business Lending by $3.5B
  • CBAI'S 2012 Capital Conference Set for April 17
  • 2012 CBAI Washington Visitation Dates Scheduled for April 24-27
  • Baker Market Update
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    Read More.

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    SBLF Boosts Small Business Lending by $3.5B

    In a recent
    report to Congress submitted pursuant to the Small Business Jobs Act of 2010, the United States Treasury reported the Small Business Lending Fund (SBLF) has in increased small business lending by $3.5B.

    Congress created the SBLF in September of 2010. The SBLF is a dedicated fund that provided capital to qualified community banks and community development loan and to encourage small business lending. The SBLF provided more than $4B through Treasury purchases of preferred stock or debt instruments from 332 institutions. As of September 30, 2011, institutions participating in the SBLF have made significant progress in increasing small business lending.

    Community banks participating in the SBLF increased their small business lending by $3.4B. To-date of the 332 institutions participating in the program 259 or 78% have increased their small business lending above the baseline, and more than 60% of the participants have inctreased their small business lending by 10% or more.

    Don Graves, Treasury Department's Assistant Secretary for Small Business, Community Development and Housing Policy stated, "These loans are helping small businesses to grow, create jobs and support families in communities all across the nation." Graves was the featured speaker in 2011 at a presentation in Chicago to inform CBAI members and associate members about the new program.

    Paul Merski, Executive Vice President and Chief Economist of the Independent Community Bankers of America (ICBA), said that while pleased with the early positive results, he believes the program would have been even more successful if more banks had been allowed to participate.

    CBAI was an early and active supporter of the SBLF and firmly believed it was an opportunity to encourage small business lending, fuel job creation, and help create economic stability. CBAI also expressed concerns to the regulators about the implementation of the program and how community bank applications were handled. Unfortunately, too few community banks received capital and too many were frustrated by the process and unable to receive funds.

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    CBAI'S 2012 Capital Conference Set for April 17

    SAVE THE DATE! CBAI'S 2012 Capital Conference will be held on Tuesday, April 17, at The Springfield Hilton. Registration and details will soon follow.

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    2012 CBAI Washington Visitation Dates Scheduled for April 24-27

    CBAI’s 2012 Washington Visitation will be held in conjunction with the ICBA’s Washington Policy Summit, which is scheduled for April 24-27 at the Gaylord Resort and Convention Center in National Harbor, Maryland on the Potomac. Hundreds of community bankers from across the nation are expected to attend, and CBAI encourages member bank officers and directors to participate in this important event. It’s a perfect time to visit our nation’s Capital.

    Meetings will be scheduled with the Illinois congressional delegation and representatives of the various regulatory agencies, and presentations will be made by top-ranking government officials. Please mark your calendars now. Further details will be provided in the near future. For more information, please contact either Kraig Lounsberry, SVP Government Relations, at 800/736-2224 (
    kraigl@cbai.com) or David Schroeder, VP Federal Governmental Relations, at 847/909-8341 (davids@cbai.com).

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    Baker Market Update

    This last week has seen a gradual sell-off in the Treasury market as the trickle of mostly positive economic data has continued. After beginning the holiday- shortened week with its yield around 1.85%, this morning finds the Ten Year note yielding just over 2%.
    Read More.

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    CBAI
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