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Friends of Traditional Banking Endorse Ernst

Archived Industry News:Friends of Traditional Banking Endorse Ernst

Last Updated: 9/17/2020 4:31 PM

Friends of Traditional Banking Endorse Ernst

Friends of Traditional Banking, a nationwide political action organization, has officially endorsed Iowa Sen. Joni Ernst as a friend of traditional, main street banking. The group recognizes a handful of key races across the country that are critical to the future of traditional banking. FOTB is encouraging bankers nationwide to contribute to Ernst’s campaign. They are also supporting Sen. Thom Tillis (R-N.C.) and Sen. Cory Gardner (R-Colo.). During her first term, Ernst supported a number of measures designed to tailor or eliminate regulations that hindered a bank’s ability to serve its community. She was also key to the development of the Paycheck Protection Program, and an important liaison with the U.S. Treasury and U.S. Small Business Administration during its implementation.

Mike Olson of Lincoln Savings Bank in Grinnell, who serves on the FOTB advisory board, praised Ernst’s endorsement. “Having served alongside Sen. Ernst in the military and also having worked with her on numerous issues that are important to community banks, it was an honor to advocate on her behalf for the prestigious endorsement of the Friends of Traditional Banking.” Olson said. “Joni’s demonstrated leadership in Congress for tailored regulation, championing our small business and agriculture customers through her committee assignments, and work with the SBA’s Paycheck Protection Program have earned her the support and respect of traditional bankers not only in Iowa but nationwide. Learn more.

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