Historic Confirmation Fills ICBA-Advocated Community Banking Seat
Washington, D.C (Nov. 15, 2018)—The Independent Community Bankers of America® (ICBA) today congratulated Michelle “Miki” Bowman on her confirmation to serve on the Federal Reserve Board of Governors. Bowman is making history as the first person to fill the Fed’s community banking seat. This community bank Fed position exists because of ICBA’s successful advocacy for Congress to change the law to require community bank representation on the Fed board.
“ICBA has been a strong supporter of Miki Bowman to serve in this important Fed position because of her unique understanding of community bank challenges and the role of regulators,” ICBA President and CEO Rebeca Romero Rainey said. “As a fifth-generation community banker with experience at the state and federal levels, Miki Bowman is ideally suited for the Fed’s community banking seat. We look forward to working with her on pressing regulatory issues facing community banks and the communities they serve.”
Bowman, whose nomination was endorsed by ICBA, has served as Kansas state bank commissioner since January 2017 and remains involved in her family’s cattle and farm operation. Before that, she served as vice president of Farmers & Drovers Bank in Council Grove, Kan. 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 as she joins the Fed board.
The Independent Community Bankers of America® creates and promotes an environment where community banks flourish. With more than 52,000 locations nationwide, community banks constitute 99 percent of all banks, employ more than 760,000 Americans and are the only physical banking presence in one in five U.S. counties. Holding more than $4.9 trillion in assets, $3.9 trillion in deposits, and $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.