July 14, 2022
Washington, D.C. (July 14, 2022) — Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on Michael Barr’s confirmation for Federal Reserve vice chair of supervision.
“ICBA and the nation’s community banks congratulate Michael Barr on his confirmation for Federal Reserve vice chair of supervision. With many pressing policy issues facing community banks and the broader financial services system, ICBA looks forward to continuing to work with Vice Chair Barr and the rest of his Fed colleagues.”
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.