The Senate today by a vote of 64 to 34 confirmed Michelle Bowman to fill the designated community bank seat on the Federal Reserve Board of Governors. Bowman — a fifth-generation banker who held a senior role at Farmers and Drovers Bank in Council Grove, Kan., for more than six years prior to assuming her current job as Kansas Bank Commissioner in 2017 — will be the first person to fill the community bank seat since it was created by Congress during the Obama administration.
“We applaud the Senate for confirming Michelle Bowman to fill a vital position on the Federal Reserve’s Board of Governors designated for an individual with community banking knowledge and expertise,” said ABA President and CEO Rob Nichols. “Miki’s experience as both a banker and a state bank regulator in Kansas will help ensure that smaller institutions, as well as their customers, clients and communities, will be considered as the Federal Reserve makes critical decisions about monetary policy and banking regulation.”
