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ICBA Statement on the Confirmation of Ben S. Bernanke as FRB Chairman

New Fed Chief to Chart Steady Course

Washington, D.C. (January 31, 2006) - The Independent Community Bankers of America (ICBA) congratulates Dr. Ben S. Bernanke on his confirmation as chairman of the Federal Reserve Board.

"Chairman Bernanke's background and his experience as head of the President's Council of Economic Advisors and as a member of the board of the Federal Reserve makes him an exceptional choice to head the Federal Reserve Board," said Camden R. Fine, ICBA president and CEO. "ICBA and community bankers nationwide look forward to working with Chairman Bernanke as he charts a steady course for the nation's economic future."

Chairman Bernanke will make one of his first public appearances outside of Washington, D.C. as Federal Reserve chairman at ICBA's National Convention and Techworld, March 6-10 in Las Vegas, Nev.

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