ICBA Statement on White House Nomination of Allan Landon for Fed

Washington, D.C. (Jan. 6, 2015)—Camden R. Fine, president and CEO of the Independent Community Bankers of America® (ICBA), released this statement today following the White House’s nomination of Allan Landon for the Federal Reserve Board.

“ICBA is pleased that the President has announced his intent to nominate someone with community banking experience and supports Allan Landon for a seat on the Federal Reserve Board. Landon’s experience as the CEO of a community bank and his broader sector experience will bring a much-needed community bank perspective to the board’s deliberations.

“More specifically, community banks have critical banking and economic interests that come before the board. Having someone with community bank experience, such as Landon, on the board will ensure that community bank interests are more fully understood as the board considers the impact of its policies on smaller banks and the communities and rural areas they serve.

“ICBA has been outspoken in calling upon the White House and Congress to ensure a community bank presence on the Fed board.

“ICBA hopes for a swift confirmation of Landon by the Senate, and, if confirmed, looks forward to working with him in the coming months to ensure an environment where community banks and the thousands of communities they serve can continue to succeed.”