ICBA Securities is the only broker-dealer in America owned by a trade association. It is a subsidiary of the Independent Community Bankers of America. ICBA Securities is located in Memphis, TN and has an exclusive relationship with Stifel to provide investment products, marketing, sales, strategies and compliance support. ICBA Securities is endorsed by 34 state banking associations that are affiliated with its parent, the ICBA. ICBA, based in Washington, DC, provides advocacy, education, and and array of products and services, including ICBA Securities, to the more than 4,000 community banks in the U.S. Its coda is "One Mission: Community Banks."