FOR IMMEDIATE RELEASE
ICBA Lauds Reappointment of Fed Chairman Ben Bernanke
Washington, D.C. (August 25, 2009)—The Independent Community Bankers of America (ICBA) today issued this statement following President Obama's announcement that he will reappoint Federal Reserve Chairman Ben Bernanke.
“ICBA lauds the reappointment of Federal Reserve Chairman Ben Bernanke and thanks President Obama for valuing consistency and reassuring the financial markets during this critical time. Throughout the financial crisis Chairman Bernanke has demonstrated unwavering leadership and outstanding knowledge pertaining to monetary policy.
“ICBA looks forward to continuing to work with the Chairman and the entire Federal Reserve System to create policies that protect consumers, local communities and our financial system from the destabilizing effects brought about by financial institutions that are too big to fail, while ensuring the continued resilience and strength of the community banking sector.
“On behalf of the nation’s Main Street community banks, ICBA looks forward to Chairman Bernanke’s swift confirmation.”