Washington, D.C. (May 6, 2025) — The Independent Community Bankers of America (ICBA) today urged the Senate to approve President Donald Trump’s ICBA-advocated nomination of Federal Reserve Governor Michelle Bowman for Fed vice chair for supervision after the Senate Banking Committee today advanced her nomination.
“ICBA and the nation’s community bankers have long been strong supporters of Governor Bowman, and we call on the Senate to take up and approve her nomination to serve as vice chair for supervision at the Fed,” ICBA President and CEO Rebeca Romero Rainey said. “Governor Bowman has been a strong proponent of regulations that prioritize safety and soundness, pragmatic oversight that targets stresses in the financial system, and rules that meticulously follow administrative procedures. We look forward to continuing to work closely with Governor Bowman on important regulatory issues affecting community banks and the local communities they serve.”
In a joint letter to Treasury Secretary Scott Bessent earlier this year, ICBA and 44 affiliated state banking associations urged the Trump administration to nominate Governor Bowman for vice chair for supervision at the Fed, citing her understanding of the unique role of community banks in fostering locally based growth and prosperity.
Governor Bowman made history 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. Before that, she served as a fifth-generation community banker and as Kansas state bank commissioner.
ICBA looks forward to continuing to work with the Trump administration and the 119th Congress to advance pro-community bank reforms outlined in its “Repair, Reform, and Thrive” plan.
About ICBA
The Independent Community Bankers of America® has one mission: to create and promote an environment where community banks flourish. We power the potential of the nation’s community banks through effective advocacy, education, and innovation.
As local and trusted sources of credit, America’s community banks leverage their relationship-based business model and innovative offerings to channel deposits into the neighborhoods they serve, creating jobs, fostering economic prosperity, and fueling their customers’ financial goals and dreams. For more information, visit ICBA’s website at icba.org.
