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ICBA Statement on FDIC Chairman Powell’s Move to Hurricane Recovery Post

Former Community Banker Chaired the FDIC

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 Federal Deposit Insurance Corporation Board Chairman Donald Powell is moving to a new post as point man for hurricane relief in the Gulf Coast region:

"As a former community banker, Don Powell brought a unique perspective to the FDIC chairmanship. He understands what it's like to be on the banker side of the table. That stood him in good stead in leading the FDIC and enabled him to better grasp the impact of the agency's policy decisions and actions on both the banking industry and the marketplace.

"In his new role, the Gulf Coast Region and the entire nation can expect Mr. Powell to bring renewed focus to rebuilding this devastated region. His background in financial services will go far to direct resources to areas where they are most needed and can do the most good. ICBA wishes Don Powell great success in his new role."

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