FOR IMMEDIATE RELEASE
ICBA Statement on Senate Approval of Janet Yellen for Federal Reserve Chairman
Washington, D.C. (Jan. 6, 2014)—Bill Loving, Independent Community Bankers of America® (ICBA) chairman and president and CEO of Pendleton Community Bank, Franklin, W.Va., and Camden R. Fine, ICBA president and CEO, released this statement following the Senate’s vote in favor of the nomination of Federal Reserve Vice Chair Janet Yellen for Federal Reserve Board chairman.
“ICBA congratulates Dr. Yellen on the Senate’s vote to approve her nomination for Federal Reserve Board chairman. Dr. Yellen has practical, on-the-ground regulatory and administrative experience and is an excellent choice to lead the Fed.
“From her time as president of the Federal Reserve Bank of San Francisco, Dr. Yellen has demonstrated a clear understanding of community banks and their unique, relationship-based business model. As one of the nation’s most accomplished economists, she also appreciates how community banks support economic growth and stability in communities across the nation.
“ICBA looks forward to continuing to work with Dr. Yellen as chairman of the Federal Reserve Board.”
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.