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ICBA Statement on Confirmations of Sheila Bair as FDIC Chair and Donald Kohn as Fed Vice Chair

Washington, D.C. (June 12, 2006)—Camden R. Fine, president and CEO of the Independent Community Bankers of America (ICBA), issued the following statement upon the confirmation of Sheila Bair as chairman of the Federal Deposit Insurance Corporation and Donald Kohn as vice chairman of the Federal Reserve Board.

"ICBA congratulates Sheila Bair on her confirmation to head the FDIC. Chairman Bair brings an impressive array of knowledge and experience in financial and banking issues to the FDIC Board. ICBA and the entire community banking industry look forward to working with her in the months and years ahead on a wide range of issues that affect bankers and their customers."

"ICBA also congratulates Donald Kohn on his confirmation as vice chairman of the Federal Reserve Board. His wealth of expertise in monetary policy will serve our nation well. We look forward to working with Vice Chairman Kohn. ICBA wishes both Chairman Bair and Vice Chairman Kohn much success as they chart a course for our nation's financial and banking institutions."

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