ICBA congratulated Federal Reserve Governor Michelle Bowman following last night’s Senate vote confirming her ICBA-advocated nomination to serve as Fed vice chair for supervision.
Statement: In a national news release, ICBA President and CEO Rebeca Romero Rainey said Bowman will be an asset in leading the Fed’s banking oversight. “We look forward to continuing to work closely with Governor Bowman on important regulatory issues affecting community banks and the local communities they serve,” Romero Rainey said.
Background: 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 Support:
In a joint letter to Treasury Secretary Scott Bessent in February, ICBA and its affiliated state banking associations urged the Trump administration to nominate Bowman.
In a national news release following her nomination, ICBA said it has long been a strong supporter of Bowman.
ICBA enthusiastically endorsed Bowman’s nomination in a letter to the Senate Banking Committee and urged the Senate to approve her nomination after it cleared the committee.
