The Independent Community Bankers of America (ICBA) is encouraging swift confirmation of Michelle “Miki” Bowman for the Federal Reserve Board.
The organization forwarded correspondence to the Senate Banking Committee urging prompt advancement of Bowman’s approval to the panel, which is dedicated to individuals with experience in community banking.
“ICBA strongly supports the nomination of Miki Bowman to the Federal Reserve Board because of her unique understanding of the nation’s community banks and the role of banking regulators,” Rebeca Romero Rainey, ICBA president and CEO, said. “As a fifth-generation community banker with experience at state and federal agencies, Miki Bowman is the perfect fit for the Fed’s community banking seat. ICBA strongly endorsed Bowman’s nomination, and we hope her nomination can be quickly voted out of committee and confirmed by the Senate.”
Before garnering unanimous approval for state bank commissioner by the Kansas Senate in January 2017, Bowman served as vice president of Farmers and Drovers Bank in Council Grove, Kansas, where she was involved in both lending and compliance. She is also involved in her family’s cattle and farm operation, which gives her a firsthand understanding of the economic importance of agriculture.
Bowman’s confirmation would fill the ICBA-advocated position on the Fed board designated for someone with experience as a community banker or community bank supervisor, officials said, noting policymakers mandated the position in 2015.