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ICBA Statement on Chairman Michael Oxley’s Announced Retirement from Congress

Called a 'Strong Friend of Community Bankers'

Washington, D.C. (November 1, 2005)- Independent Community Bankers of America (ICBA) President and CEO Camden R. Fine released the following statement in response to the announcement that House Financial Services Committee Chairman Michael Oxley (R-Ohio) would not seek re-election next year:

"A truly effective political leader forges consensus among disparate groups. Chairman Oxley has proven himself such a leader. During his tenure as committee chairman, he fashioned a strong and constructive working relationship with Ranking Member Rep. Barney Frank (D-Mass.) and other Democrats, setting aside partisan differences in the interest of good public policy.

"He has distinguished himself during his three terms as chairman working tirelessly to advance important legislation such as deposit insurance reform, regulatory burden relief, and reform of the government sponsored enterprises.

"Chairman Oxley is a strong friend of community bankers. His presence and voice will be missed on the Financial Services Committee and in Congress."

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