ICBA Securities

What ICBA Securities does

ICBA Securities Corporation, founded in 1989, is a wholly owned subsidiary of the Independent Community Bankers of America (ICBA), the largest US trade association for community banks. The company provides investment portfolio management, balance sheet management, interest rate risk management, and asset-liability management (ALM) tools to US community banks, delivered exclusively through its endorsed broker/dealer partner, The Baker Group (founded 1979, headquartered in Oklahoma City). It also operates an education platform that runs approximately 50 seminars, conferences, and in-person schools per year, covering topics such as ALM strategies, bond portfolio management, liquidity risk, and regulatory compliance for bank executives and board members. Support includes Baker Seminars (held in Illinois, Texas, Oklahoma), Baker Bond School (Oklahoma City), and a Baker Virtual Education Series.

The company is endorsed by 34 state community banking associations, which provide the primary distribution channel into the community bank market. Its go-to-market is event-driven and partnership-mediated: Baker Group representatives attend and speak at state banking conferences, supplemented by thought-leadership content distributed through ICBA's owned channels (ICBA.org, Independent Banker magazine, NewsWatch Today, and email). Revenue is generated primarily through royalties from the exclusive Baker Group arrangement, with ICBA Securities structurally committed to returning profits to the community banking industry via royalties, sponsorships, or dividends to affiliated state/regional partners and ICBA advocacy. Since inception, the company states it has reinvested over $50 million back to affiliated partners and ICBA advocacy. Pricing is not publicly disclosed and is handled through direct quote-based engagement ([email protected]; 866-843-4222). ICBA Securities is privately held, headquartered in Washington, DC (1100 New York Avenue NW, Suite 500 East), and operates with an estimated 101–250 employees.

Name

ICBA Securities

Legal name

ICBA Securities Corporation

Website

https://icbasecurities.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

101–250 employees

Short description

ICBA Securities is a wholly owned subsidiary of ICBA that delivers investment portfolio and balance sheet management tools to US community banks exclusively through endorsed broker/dealer The Baker Group, supported by an education platform hosting ~50 events per year.

Ownership category

akta.pro rank

Headquarters

HQ city

Washington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Investment Services Revenue: ICBA Securities provides investment portfolio and balance sheet management tools to community banks through its exclusive partnership with The Baker Group. The company returns profits to the industry through royalties, sponsorships, or dividends to affiliated state/regional partners and ICBA advocacy programs.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

ICBA Securities provides investment portfolio and balance sheet management tools to community banks across the United States through its exclusively endorsed broker/dealer, The Baker Group. The offering spans interest rate risk management, liquidity management, bond portfolio management, and Asset-Liability Management (ALM) advisory, complemented by a comprehensive education platform comprising in-person seminars, bond schools, and a virtual education series for community bank executives and board members.

Product overview

ICBA Securities is a single unified product offering under ICBA (founded 1989) that provides community bankers with investment portfolio and balance sheet management tools through its exclusively endorsed broker/dealer The Baker Group. The core offering comprises investment portfolio management tools, balance sheet management tools, and an education platform. The education platform includes Baker Seminars (ALM and Investment Strategies Seminar held in Illinois, Texas, and Oklahoma), Baker Bond School (in-person program in Oklahoma City), and Baker Virtual Education Series. All these components work together to provide community banks with comprehensive investment and risk management solutions and ongoing professional education.

Differentiator

Problem solved

Functional benefit

Products and services

• Investment Portfolio Management Tools

Quantifiable outcome

• Has reinvested over $50 million back to affiliated state/regional partners or to support ICBA advocacy

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• The Baker GroupcoreStrategic or Co-development PartnerThe Baker Group is the exclusively endorsed broker/dealer for ICBA Securities, founded in 1979 and headquartered in Oklahoma City. It is one of the nation's largest independently owned broker/dealers, specializing in investment portfolio management, interest rate risk management, balance sheet strategies, and education for community banks nationwide. The firm provides honest, insightful, and client-focused solutions to help community banks manage balance sheet risks and achieve high performance. Representatives conduct an average of 50 educational events per year.

Scale indicators3 records

Recent moves5 records

Expansion highlights3 records

Broad incumbents

• Stifel Financial: Full-service broker/dealer and investment bank with a community bank practice providing fixed-income, M&A, and capital-raising services — competing for the same community bank wallet.
• Piper Sandler: Diversified investment bank with a dedicated community bank franchise covering M&A, capital markets, and balance-sheet advisory — broader scope but directly overlapping target customers and service lines.
• Raymond James Financial: Diversified financial services firm with a community bank securities and investment banking practice — comparable in customer segment and securities/intermediation services.
• D.A. Davidson: Employee-owned broker/dealer with a community bank investment banking practice covering M&A and capital markets — competes for the same mid-sized bank clients.
• Keefe, Bruyette & Woods (KBW): Bank-focused investment bank and broker/dealer serving commercial and community banks with research, capital markets, and advisory services — a comparable institutional competitor in the bank-services space.

Regional players

• Country Club Bank (Investment Services): Midwest-focused bank-affiliated broker/dealer offering fixed-income and portfolio management services to community banks — a regional alternative to ICBA Securities' offering.

Emerging players

• U.S. Capital Advisors: Independent investment advisor focused on fixed-income strategy for banks and institutional clients — narrower scale but comparable value proposition on bond portfolio and balance-sheet advisory.

Direct peers

• Hilltop Securities: Broker/dealer providing investment banking, securities, and balance-sheet management services to community banks and other depository institutions — overlapping product set with ICBA Securities / The Baker Group.
• Performance Trust Capital Partners: Independent fixed-income investment advisor specializing in community and regional bank balance-sheet management — directly comparable to The Baker Group's investment portfolio and ALM services delivered under ICBA Securities.
• The Baker Group: The exclusively endorsed broker/dealer that actually executes ICBA Securities' offering — also one of the largest independently owned broker/dealers focused on community bank investment management, making it the closest functional comparable.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/ICBA
• LinkedInlinkedin.com/company/icba
• Instagraminstagram.com/myicba
• Facebookfacebook.com/icbaorg

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ICBA Securities