FOR IMMEDIATE RELEASE
Kansas City Fed President Thomas Hoenig Receives ICBA Main Street Hero® Award
Washington, D.C. (May 3, 2011)-The Independent Community Bankers of America (ICBA) today honored Thomas Hoenig, president of the Federal Reserve Bank of Kansas City, with ICBA's Main Street Hero® Award for his leadership in supporting the community banking industry and Main Street communities nationwide.
"In your 20 years as president of the Federal Reserve Bank of Kansas City, you have been a stalwart supporter of community banks," said Sal Marranca, ICBA chairman and president and CEO of Cattaraugus County Bank, Little Valley, N.Y., in presenting the award to Hoenig. "You have also been a vocal critic of the policy of too-big-to-fail, which has a negative impact on Main Street communities, our financial system and our nation as a whole. In honor of your efforts, I am proud to present to you with ICBA's Main Street Hero Award."
Hoenig has been a steadfast and passionate champion for public policy that recognizes the difference between large megabanks and Main Street community banks. Hoenig has consistently called attention to the counterproductive impact that regulatory burden has on community banks and their capacity to serve their local communities.
ICBA's Main Street Hero® award recognizes public officials who promote the vitality of local communities by supporting the work of community banks and the important role they serve in cities and towns throughout the nation.