Nominee would bring community bank experience to the Fed
Washington, D.C (May 15, 2018)—The Independent Community Bankers of America® (ICBA) today called on the Senate Banking Committee to advance the nomination of Kansas Bank Commissioner Michelle “Miki” Bowman for the Federal Reserve Board. In a letter to the committee ahead of today’s nomination hearing, ICBA said Bowman is ideally suited for the ICBA-advocated seat on the Fed board dedicated to individuals with experience in community banking.
“ICBA strongly supports the nomination of Miki Bowman to the Federal Reserve Board because of her unique understanding of the nation’s community banks and the role of banking regulators,” ICBA President and CEO Rebeca Romero Rainey said. “As a fifth-generation community banker with experience at state and federal agencies, Miki Bowman is the perfect fit for the Fed’s community banking seat. ICBA strongly endorsed Bowman’s nomination when it was announced last month by President Donald Trump, and we hope her nomination can be quickly voted out of committee and confirmed by the Senate.”
Before her unanimous approval for state bank commissioner by the Kansas Senate in January 2017, Bowman served as vice president of Farmers and Drovers Bank in Council Grove, Kan., where she was involved in both lending and compliance. She is also involved in her family’s cattle and farm operation, which gives her a firsthand understanding of the economic importance of agriculture. In Washington, Bowman has worked for former Sen. Bob Dole (R-Kan.), the House Committee on Transportation and Infrastructure, the House Committee on Oversight and Government Reform, the Federal Emergency Management Agency, and the Department of Homeland Security.
Bowman would fill the ICBA-advocated position on the Fed board designated for someone with experience as a community banker or community bank supervisor. Following repeated ICBA calls to ensure a community bank presence on the Fed board, policymakers mandated the position in 2015.
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.