ICBA and Chartwell Compliance Extend Relationship to Help Community Banks Navigate Compliance Terrain

Washington, D.C. (March 25, 2013) – The Independent Community Bankers of America © (ICBA) today announced that it has extended its strategic alliance with Chartwell Compliance, a provider of regulatory compliance services to community banks. This agreement is a core component of ICBA Compliance and Risk Management, which offers affordable, hands-on services and expertise that help community banks succeed amidst the challenges associated with staying compliant.

“ICBA is delighted to continue its relationship with Chartwell Compliance. Through ICBA Compliance and Risk Management, ICBA and Chartwell have created the opportunity for member banks to access a complete package of regulatory compliance and risk management consulting services that also include testing, audit, enforcement action and outsourcing services for community banks,” said Dan Clancy, executive vice president & director of strategic alliances, ICBA Services Network.

Chartwell Compliance provides regulatory compliance consulting for community banks that focuses on the rules and regulations affecting bank and non-bank financial institutions. The company’s regulatory expertise includes solutions for issues such as the Bank Secrecy Act; loan compliance (commercial, consumer, real estate); deposit compliance; the Home Mortgage Disclosure Act (HMDA); the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE); the Community Reinvestment Act (CRA); portfolio quality; social media; capital requirements; state and federal regulations for money services businesses; and payments products. Chartwell Compliance can also assist community banks with anti-money-laundering, fraud and corruption issues as well as due diligence and investigations, operations and governance.

“Chartwell is honored and excited to build upon its relationship with ICBA as we look forward to addressing the regulatory challenges all community banks face in the current environment with our team of former community bank compliance officers and examiners,” said Daniel Weiss, president and CEO of Chartwell Compliance.

Together with Chartwell Compliance, ICBA has also developed the ICBA Compliance HelpDesk, which offers community banks an added layer of on-demand manpower and expertise to answer complicated compliance-related questions. Consulting experts, who provide a practical, hands-on, real-world understanding of compliance, each possess an average of 30 years of experience as bankers, regulators, and law enforcement officials. The service allows banks to preserve fee revenue, contain administrative expenses, and launch new products while staying compliant and profitable.

“Chartwell Compliance has provided our bank with all of the things you would expect-years of tried and true experience, a thorough eye that protects our bank from potential regulator findings, and a wealth of knowledge-but also so many qualities that go above and beyond,” said Bethany Turner, vice president of operations and cashier of The Citizens State Bank of Cortez, Cortez, Colo.”The single most important benefit for our bank has been the accessibility and availability. I can contact them on any question or issue, big or small, and they take the time to not just give me the answer, but also show me where I can find the answers myself, and make sure that I truly understand-and all at no additional expense to the bank. We trust Chartwell implicitly and look forward to many more years of working with them.”

About ICBA

The Independent Community Bankers of America©, the nation’s voice for nearly 7,000 community banks of all sizes and charter types, is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education and high-quality products and services. For more information, visit www.icba.org.

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