ICBA congratulates Scott Bessent on being confirmed as Treasury Secretary

Independent Community Bankers of America (ICBA) has extended its congratulations to Scott Bessent on his confirmation as Treasury Secretary. ICBA President and CEO Rebeca Romero Rainey issued a statement acknowledging the significance of this appointment for community banks across the nation.

"ICBA and the nation's community bankers congratulate Scott Bessent on his confirmation to serve as the next Treasury secretary," Romero Rainey stated. She noted that during his nomination hearing, Bessent emphasized regulatory policies that support community banks, small businesses, and local communities in driving economic recovery.

Romero Rainey highlighted the impact of financial, tax, and regulatory policies from the Treasury Department on community banks and their communities. She referenced ICBA’s 'Repair, Reform, and Thrive' plan and an open letter to the 119th Congress outlining necessary policy reforms to address pressing challenges.

"We look forward to working closely with Secretary Bessent, the Trump administration, and the 119th Congress to implement needed policy reforms to help community banks meet the needs of local communities," she added.

The Independent Community Bankers of America is committed to fostering an environment where community banks can thrive through advocacy, education, and innovation. Community banks play a crucial role in supporting local economies by providing credit and channeling deposits into neighborhoods.

For further information about ICBA's initiatives and mission, visit their website at icba.org.