"We congratulate Travis Hill on his confirmation as chairman of the FDIC and wish him well in this critically important role. Hill's success in key leadership roles - including acting chair, vice chair and deputy to Chairman McWilliams for policy - has demonstrated a strong understanding of both the policy challenges banks face and the need to re-evaluate regulations that have made it harder for them to serve their customers, clients and communities. His efforts have already had a meaningful impact, and we look forward to working with him on a range of issues, including the need for a rational regulatory approach to merger applications, developing a sound and transparent framework for indexing regulatory thresholds and the FDIC's important role overseeing the deposit insurance program."
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About the American Bankers Association
The American Bankers Association is the voice of the nation's $25.1 trillion banking industry, which is composed of small, regional and large banks that together employ over 2 million people, safeguard $19.7 trillion in deposits and extend $13.2 trillion in loans.