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The Power of Unity and

Membership in Our Industry

BY CHRIS PADGETT

strengthens our collective
As Executive Director of the Arkansas
bargaining power and
Community Bankers, I write to emphasize the significance
of our collective voice and the crucial role of your ACB influence.
membership renewal. In an industry where change is the
only constant, our unified stance is not just beneficial—it’s To maintain this momentum,
we must engage actively in
essential.
industry events and
discussions, share insights,
A united voice amplifies our advocacy efforts, ensuring our
perspectives are heard and considered at every level. and work together on
initiatives. We must
There’s undeniable strength in numbers. Our solidarity Chris Padgett is the ACB
Executive Director.
empowers us to support our communities and drive contribute to our associations’ You may connect with Chris at
meaningful change. Speaking in unison promotes a advocacy efforts and inform 501-246-4975
others about the role and
consistent message, reinforcing trust among our or
stakeholders. importance of community chris@arcommunitybankers.com
banking.

Our unity’s impact is evident in the FDIC’s decision
Our collective voice and membership have already proven
regarding the Deposit Insurance Fund (DIF). Our concerted their worth, and they will continue to be our most potent
efforts led to a significant victory for community banks: an
exemption from the additional costs to replenish the DIF. tools. Let’s remain united, advocating for policies that
foster growth and ensure a prosperous future for our
This outcome saved our banks substantial sums, which can
now be channeled back into serving our communities. Or, industry.

as one banker told me, "the amount I saved on the DIF
decision will pay for my ACB dues for the next 50 years”. Thank you for your unwavering commitment. Together,
we will continue to make a difference.

Renewing your ACB membership is more than a formality;
it’s a reaffirmation of our shared commitment to the Warm regards,
.
industry. Your continued involvement ensures that your
voice is heard, you have access to exclusive resources,
educational opportunities, and peer support, and it

Seminars

and

Institutes

A RKANSAS | 4 | Spring 2024
COMMUNITY BANKER