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ICBA Statement on Nomination of Sheila Bair as FDIC Chairman

Washington, D.C. (May 2, 2006)—Camden R. Fine, the president and CEO of the Independent Community Bankers of America (ICBA), issued the following statement today on President Bush's nomination of Sheila Bair, professor of Financial Regulatory Policy, University of Massachusetts-Amherst, Isenberg School of Management, as chair of the Federal Deposit Insurance Corporation.

"ICBA congratulates Dr. Sheila Bair on her nomination as FDIC chairman. Dr. Bair's outstanding academic and public policy credentials, including her service as assistant secretary for financial institutions in the Treasury Department and on the FDIC's Advisory Committee on Banking Policy, will serve her well. ICBA wishes Dr. Bair well as she moves through the confirmation process and looks forward to working with her on issues important to the community banking industry."

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