ICBA Supports FDIC Proposal to Lower Deposit Insurance Assessments for Community Banks

Washington, D.C. (June 25, 2026) - Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement following today's Federal Deposit Insurance Corporation board meeting.

"ICBA and the nation's community banks support today's FDIC proposal to reduce deposit insurance assessments by 2 basis points for banks subject to the small bank scorecard. While we continue reviewing today's proposal, ICBA has long advocated reducing deposit insurance assessments for community banks when the Deposit Insurance Fund's reserve ratio reaches its 1.35% statutory minimum to ensure community banks do not bear the cost of the risk posed by too-big-to-fail institutions.

"Today's proposal follows the FDIC's 2023 special assessment exemption for the vast majority of community banks, which recognized the importance of distinguishing large banks that pose systemic risk to the financial system from the thousands of community banks dedicated to serving local communities. Continuing to recognize these important differences via deposit insurance policy will help support our nation's consumers, small businesses, and local economies."

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.