Washington, D.C (May 3, 2018)—Independent Community Bankers of America® (ICBA) President and CEO Camden R. Fine issued the following statement on Thomas Hoenig’s service as vice chairman of the Federal Deposit Insurance Corp.
“ICBA and the nation’s community banks thank Thomas Hoenig for serving with distinction as vice chairman of the FDIC. At the FDIC and Federal Reserve Bank of Kansas City, Tom has been a tireless champion of a tiered regulatory system that distinguishes between Main Street community banks and Wall Street financial firms.
“Tom has repeatedly warned that excessive community bank regulations encourage industry consolidation and negatively affect de novo bank formation, the federal safety net and economic growth. Meanwhile, he has offered concrete solutions to streamline our regulatory system and improve oversight of the nation’s largest and riskiest institutions. ICBA and community bankers thank Tom for working to strengthen our banking system and the communities it serves, and we wish him the best in his future endeavors.”
The Independent Community Bankers of America®, the nation’s voice for nearly 5,700 community banks of all sizes and charter types, is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education and high-quality products and services. For more information, visit ICBA’s website at www.icba.org.