May 15 — The Independent Community Bankers of America has called on the Senate Banking Committee to advance the nomination of Kansas Bank Commissioner Michelle “Miki” Bowman for the Federal Reserve Board. In a letter to the committee ahead of today’s nomination hearing, ICBA said Bowman is ideally suited for the ICBA-advocated seat on the Fed board 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,” ICBA President and CEO Rebeca Romero Rainey 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.”
Before her 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, Kan., 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. In Washington, Bowman has worked for former Sen. Bob Dole (R-Kan.), the House Committee on Transportation and Infrastructure, the House Committee on Oversight and Government Reform, the Federal Emergency Management Agency and the Department of Homeland Security.
Bowman would fill the ICBA-advocated position on the Fed board designated for someone with experience as a community banker or community bank supervisor. Following repeated ICBA calls to ensure a community bank presence on the Fed board, policymakers mandated the position in 2015.