Bowman Will Continue in ICBA-Advocated Community Banking Seat
Washington, D.C. (Sept. 12, 2019)—The Independent Community Bankers of America® (ICBA) today congratulated Michelle “Miki” Bowman on her confirmation to serve a full term on the Federal Reserve Board of Governors.
Bowman made history last fall as the first person to fill the Fed’s community banking seat, which exists because of ICBA’s successful advocacy for Congress to require community bank representation on the Fed board. While her previous bipartisan confirmation was for a term that expires Jan. 31, 2020, today’s Senate vote is for a full 14-year term.
“ICBA has been a strong supporter of Miki Bowman and congratulates her on her confirmation for a full 14-year term on the Fed board,” ICBA President and CEO Rebeca Romero Rainey said. “Governor Bowman’s diverse professional experience and seasoned judgment have already begun to diversify and strengthen the board. Today’s Senate vote confirming her for a full term ensures that the nation’s community banks will be represented on the Fed board without disruption.”
Bowman, whose nomination to the Fed and renomination for a full term were endorsed by ICBA, has served as Kansas state bank commissioner, vice president of Farmers & Drovers Bank in Council Grove, Kan., and in her family’s cattle and farm operation. She has also 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.
ICBA looks forward to continuing to work with Bowman during her time on the Fed board.
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 three 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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