Speech by Governor Michelle Bowman: Community Banking

Board of Governors of the Federal Reserve System
Thursday, February 27, 2025

"Community banks are catalysts for local economic growth, and their bankers often also serve as civic leaders in the region...

Today, as I travel across the country to visit with bankers in just about every state, I learn about how they are driving investment, philanthropy, and financial support for the local economy. While this work is rewarding, it is also challenging. It is sometimes tedious—especially in today's regulatory environment—and it is a seven days a week job..."