NASHVILLE, Tenn. - After serving the past 12 months as chairman of the Independent Community Bankers of America (ICBA), Sal Marranca, president and CEO of Cattaraugus County Bank, Little Valley, will continue to serve ICBA as immediate past chairman for 2012-13.
Marranca was elected during the ICBA National Convention and Techworld in Nashville, Tenn. His term began at the conclusion of the convention.
"Community banks are local job creators that serve a key role in helping their local economies grow and prosper, and I couldn't be prouder to be part of this great industry," Marranca said. "I am honored to assume this position and feel privileged to work on behalf of the nation's community banks. They work tirelessly every day to serve the needs of their local customers to help ensure their financial success, while also continuing to reinvest in their communities to make them a better place for local residents to live and work for generations to come."
Marranca is a member of the ICBA executive committee and serves on the ICBA Services Network board of directors. He will also be serving the Nominating Committee as chairman this year. Previously, he served as state director for New York State and as chairman of ICBA's Membership/Marketing, Policy Development, Regulation Review, ICBPAC and Strategic Planning committees, as secretary of the ICBA Executive Committee and as an advisory board member to the TCM Bank board of directors. Marranca served as a director of New York state and is a past president of the Independent Bankers Association of New York State. His experience includes work with the Federal Deposit Insurance Corp. from 1969-82, where he held the position of senior bank examiner. He also served a tour of duty in the U.S. Army during the Vietnam War.
"Sal is a dedicated community banker who is respected by his industry peers," said his successor, ICBA Chairman Jeff Gerhart, chairman of Bank of Newman Grove, Neb. "We are delighted he will continue to offer his time and valuable professional talents to the service of the community banking industry."
ICBA is the only national trade association dedicated exclusively to promoting the interests of locally operated community banks and savings institutions. With trusted financial expertise and quality customer service as their hallmarks, community banks offer the best financial services option for millions of consumers, small businesses, farms and ranches.