Washington, D.C. (June 25, 2019)—Independent Community Bankers of America® (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on President Donald Trump's executive order to promote affordable housing development.
"ICBA and the nation's community banks applaud President Trump’s efforts to combat overly burdensome and unnecessary federal and state regulations that significantly increase the cost of homeownership. ICBA stands ready to work with the Trump administration in this process of improving housing affordability and access in all communities across the nation.”
The Independent Community Bankers of America® creates and promotes an environment where community banks flourish. With more than 50,000 locations nationwide, community banks constitute 99 percent of all banks, employ nearly 750,000 Americans and are the only physical banking presence in one in five U.S. counties. Holding more than $5 trillion in assets, nearly $4 trillion in deposits, and more than $3.4 trillion in loans to consumers, small businesses and the agricultural community, community banks channel local deposits into the Main Streets and neighborhoods they serve, spurring job creation, fostering innovation and fueling their customers’ dreams in communities throughout America. For more information, visit ICBA’s website at www.icba.org.
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