05/13/2026 | Press release | Distributed by Public on 05/13/2026 13:19
Washington, D.C. (May 13, 2026) - Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the Senate confirmation of Kevin Warsh to serve as chairman of the Federal Reserve Board.
"ICBA and the nation's community banks congratulate Kevin Warsh on his confirmation. As a previous member of the Fed board, Warsh has demonstrated the requisite experience, judgment, and policy acumen to serve in this critical role for monetary policy and financial regulation. In particular, he has shown an appreciation for the unique and irreplaceable role of America's community banks as the lifeblood of local economies.
"ICBA encourages policymakers in Washington to continue ongoing efforts 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 Warsh, the Trump administration, and the 119th Congress on these and other 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.