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01/07/2015
ICBA Supports Nomination of Allan Landon for Fed
ICBA said it supports the nomination of Allan Landon for a seat on the Federal Reserve Board. President Barack Obama announced his intent to nominate Landon, who is a partner with investment fund Community BanCapital and was CEO of the Bank of Hawaii from 2004 until 2010. ICBA has been outspoken in calling on the White House and Congress to ensure a community bank presence on the Fed board and called for a swift confirmation of Landon by the Senate. The association continues to strongly support legislation that would require at least one member of the Fed board to have experience as a community banker or community bank supervisor. House leaders announced they are planning a vote this week on legislation requiring community bank experience on the Fed board. The House is expected to vote today or tomorrow on legislation reauthorizing the Terrorism Risk Insurance Act with the ICBA-advocated language. The House passed identical legislation last month by a 417-7 vote, but lawmakers have to take up the measure again because the 113th Congress adjourned. Read ICBA Statement. |