Conduct a PAC Drive

IBAT is asking all members to conduct a PAC Drive during the month of March, or anytime during the year. The IBAT Leadership Division has made a long-range goal to see that each IBAT member - bank and associate - conducts a PAC drive with its directors, officers and employees. The IBAT PAC and IBAT FedPAC are important to the very survival of community banking. Please consider showing your support for our industry by holding a PAC drive among your employees over the next several months. 

This effort would include asking employees to make a personal one-time or monthly contribution to the IBAT Political Action Committee. This is a very critical time for many community banks and this is our opportunity to help IBAT share the positive community banking message with both state and federal legislators. Your PAC dollars can help elect men and women who understand and support the community banking industry and the role these institutions play in the economic prosperity of Texas towns and cities. 

Make State PAC Donation
IBAT PAC and IBAT FedPAC contributions are not deductible as charitable contributions for federal income tax purposes. All contributions to the IBAT PAC and IBAT FedPAC are voluntary. You may refuse to contribute without reprisal. Federal law requires political committees to report the name, mailing address, occupation and name of employer for each individual whose contributions aggregate in excess of $200 in a calendar year. State election regulations require political committees to report the name, mailing address, occupation and name of employer for each individual whose contributions aggregate in excess of $50 in a calendar year. Remember, no corporate contributions to the State or Federal PAC can be accepted.

If you or your company provide investment or securities products or services and you or your company are registered with FINRA, the SEC or the Texas State Securities Board as an investment advisor according to SEC Rule 206(4)-5, and FINRA Rule 2030 (the “Pay-to-Play Rules”), you may only contribute personal funds to the IBAT FedPAC and other restrictions may apply.