Press Release

For more information, contact: Gary Shook, 804-256-0530, moc.enilnobbc@koohsg or Greg Schratwieser, 800-729-8237, moc.gnitlusnoc-ici@gerg

MIDLOTHIAN, VA, March 17, 2021 – Community Bankers’ Bank (CBB) is please to announce the selection of ICI Consulting as an Endorsed Partner for Core Processing Contract Negotiation.  ICI, headquartered in St. Petersburg, FL, is a financial institution consulting partner that provides core and ancillary systems contract negotiation services.

“Community Bankers’ Bank is pleased to bring the experience and expertise of ICI to our member community banks.  This relationship will allow CBB members to obtain valuable cost savings and expanded service solutions through ICI’s extremley experienced core vendor negotiation consultants.  I’m confident that our members will appreciate this alliance,” said Community Bankers’ Bank President and CEO, Gary Shook.

ICI Consulting has evaluated the solutions and negotiated contracts with every major core processing vendor.  The firm supports financial institutions by providing core processing and ancillary system assessments, vendor evaluations and conversion services.  ICI has meticulously constructed Fintech vendor contracts amongst their client base, resulting in hundreds of millions of dollars in savings to community, mid-tier and large banks.  When banks work with ICI, they are provided with guidance in identifying the best long-term core processing solution.  ICI delivers the analysis required to assist financial institutions in making a streamlined, solid vendor decision while obtaining the software required at a fair market price with favorable contract terms.

“Since 1994 ICI has worked with financial institutions throughout the U.S. and abroad.  With Community Bankers’ Bank selection of ICI as its endorsed partner for Core Processing Contract Negotiations, we are honored to serve their bank clients,” stated Greg Schratwieser, ICI President and CEO. “Our mission is to provide valuable services to assist banks in selecting the best solutions to support their business while saving time and money in the process.  The partnership with Community Bankers’ Bank will enable ICI to fulfill that mission, providing measurable results to Community Bankers’ Bank clients,” said Schratwieser.

About Community Bankers’ Bank

Community Bankers’ Bank is a State-Chartered Fed Member bankers’ bank owned and directed by independent community banks in the Fifth Federal Reserve District. It gives community banks unique and outstanding value by the economies of scale it creates as a bank partner, never a competitor. It provides many of the products and services that banks need to operate and excel. Its competitive pricing and superior service make it a vital resource for community banks.  Visit our website or LinkedIn page to learn more.

About ICI Consulting

Since 1991, ICI Consulting has helped Banks and credit unions to assess, cost justify, evaluate, and convert core processing, digital banking, EFT, lending, document imaging, CRM, check processing, and branch solutions.  ICI has performed over 960 engagements for over 550 bank and credit union clients in 49 U.S. States and in countries on 4 Continents.  If you wish to schedule a complimentary Core Processing Price Analysis, please contact Greg Schratwieser at moc.gnitlusnoc-ici@gerg or 800-729-8237.