Washington, D.C. — Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the Senate’s confirmation of Travis Hill to serve as chairman of the Federal Deposit Insurance Corporation (FDIC).
“ICBA and the nation’s community banks congratulate Travis Hill on his confirmation to serve as chairman of the FDIC. In his service as acting chairman and vice chairman, Chairman Hill has demonstrated a clear understanding of the vital role of community banks in local communities and the need for tiered regulations to support local economic growth.
“ICBA continues to encourage policymakers in Washington to address excessive regulatory burdens on community banks and ensure a level regulatory playing field between banks and nonbank entities to support a secure environment for consumers and the financial system. We look forward to continuing to work closely with Chairman Hill, the Trump administration, and the 119th Congress on these critical issues.”
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.