FOR IMMEDIATE RELEASE
Community Bankers Fondly Say Farewell to OTS Director John Reich
Reich previously honored by ICBA as Main Street Hero
Washington, D.C. (February 27, 2009)—Camden R. Fine, president and CEO of the Independent Community Bankers of America (ICBA), today issued the following statement.
“On behalf of our nation’s nearly 8,000 community banks, ICBA bids a fond farewell to John Reich, director of the Office of Thrift Supervision (OTS). As a former community banker, John has always been a strong, effective and thoughtful regulator who understands the critical role that community banks play in cities and towns throughout America. With his roots in community banking, John knows firsthand how community banks support small businesses, drive economic growth, and provide leadership in countless communities across our nation.
“John has been a good friend of community banking. Over the past four years, he proved to be a steadfast and passionate champion for public policy that recognizes the difference between the big banks and community banks. Time after time, John called attention to the counterproductive impact that regulatory burden has on community banks and their capacity to serve their communities. In fact, ICBA honored him in 2007 with the Main Street Hero® award, which recognizes public officials who promote the vitality of local communities by supporting the work of community banks and the key role they play in cities and towns across our nation.
“ICBA thanks John Reich for his unwavering support on key community banking issues and wishes him all the best in his future endeavors.”