ICBA Statement on Confirmation of FDIC Board Nominees

Dec. 20, 2022

ICBA Press Release Banner 2020

Washington, D.C. (Dec. 20, 2022) — Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the Senate confirmation of President Joe Biden’s nominees to the Federal Deposit Insurance Corp. board of directors.

“ICBA congratulates FDIC Acting Chairman Martin Gruenberg on his confirmation as FDIC chairman as well as Travis Hill and Jonathan McKernan on their confirmations as members of the FDIC board of directors. ICBA will continue to ensure that the community banking perspective is voiced as we engage with Chairman Gruenberg and the full FDIC board on policy matters that affect community banks and the customers and communities they serve. We also look forward to continuing to work with the FDIC to advance policies that support a balanced regulatory approach that reflects the unique relationship-based business model of our nation’s nearly 5,000 community banks. Doing so will ensure a flourishing future for the customers and communities that depend on their local community bank for economic stability and prosperity—especially during economically uncertain times.”

About ICBA

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 more than $5.8 trillion in assets, over $4.8 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.