01/20/2025 | Press release | Distributed by Public on 01/20/2025 01:20
Washington, D.C. (Jan. 20, 2025) - Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the inauguration of Donald Trump as the 47th president of the United States.
"ICBA and the nation's community banks welcome President Donald Trump and look forward to working with the new president, his administration and the 119th Congress during this historic opportunity to make significant improvements to financial services policy.
"ICBA and community banks across the nation are committed to advancing policies to benefit local communities, which is why our industry has a well-deserved reputation on both sides of the aisle for advancing pragmatic solutions to support localized economic growth.
"With the new administration and Congress offering an extraordinary opportunity to address excessively burdensome banking regulations hindering access to financial services in local communities, ICBA's 'Repair, Reform, and Thrive' plan and our recent open letter to the 119th Congress outline comprehensive reforms that address our most pressing policy challenges. These policies will help build on the success of the first Trump administration, where together we secured regulatory relief for community banks with President Trump's signing of the Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155).
"We look forward to working closely with the new Trump administration and 119th Congress to implement these critical reforms."
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.