Washington, D.C. (May 25, 2022) — Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey released the following statement on the Senate confirmation of Sandra Thompson for Federal Housing Finance Agency director.
“ICBA and the nation’s community banks congratulate Director Thompson on her confirmation as Federal Housing Finance Agency director. As relationship-focused mortgage lenders, community banks are committed to doing right by their customers and local communities.
“ICBA looks forward to continuing to work with Director Thompson and FHFA staff to ensure Fannie Mae, Freddie Mac, and the Federal Home Loan Banks operate in a safe and sound manner and can continue to support the mortgage lending needs of the nation’s community banks.”
The Independent Community Bankers of America® creates and promotes an environment where community banks flourish. ICBA 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.
With nearly 50,000 locations nationwide, community banks constitute roughly 99 percent of all banks, employ nearly 700,000 Americans and are the only physical banking presence in one in three U.S. counties. Holding nearly $5.9 trillion in assets, over $4.9 trillion in deposits, and more than $3.5 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.