Traditional banking in America is under attack this fall like never before
IRS wants to monitor bank accounts with $600

The Biden administration wants banks to give the Internal Revenue Service new information on their customers and share data for accounts worth more than $600.

Friends of Traditional Banking joins industry allies in pointing out that "This proposal would create significant operational and reputational challenges for financial institutions, increase tax preparation costs for individuals and small businesses, and create serious financial privacy concerns."

Join us in letting your members of Congress know what you think about this idea through the call to action tools at ICBA or ABA.
Nominee Omarova a Disaster for Banking

President Biden's nominee for comptroller of the currency Dr. Saule Omarova advocates "ending the banking industry as we know it by letting the Federal Reserve take on the deposit accounts of all Americans."

"We have serious concerns about her ideas for fundamentally restructuring the nation’s banking system, which remains the most diverse and competitive in the world," American Bankers Association President and CEO Rob Nichols rightly said of the Omarova nomination.

Meanwhile, FOTB endorsed Senator Pat Toomey (R-PA) is working to shed light on Omarova's Marxist writings.
The Creep of Postal Banking

The U.S. Postal Service has begun trials of postal banking in four cities, creeping into traditional financial services.

"This is just a bad idea that doesn’t seem to want to go away,” Paul Merski with Independent Community Bankers of America rightly said of the postal banking idea."


So what makes FOTB unique among the weapons in our industry arsenal? We focus our endorsements of just two key races each cycle and see hundreds of thousands of dollars laser targeted to help tip the scales. As a result of our surgically effective efforts, we end up with champions in Congress who help us in the fight.

Thank you for helping to grow our membership and war chest as we gear up for next year's Congressional contests. It will be an election year where we must defend banking like never before.
Oregon's Ken Trautman
Joins Banker Board

Ken Trautman, CEO and Cofounder of People’s Bank of Commerce, has been named to FOTB's Banker Board representing Oregon. A long time community banker, Ken graduated from Linfield College with dual degrees in Accounting and Business Administration. Ken has been on the boards of many community organizations and is the past Board Chair for the Oregon Bankers Association, and the Community Banks of Oregon.
Nikhil Sridhar to rep
District of Columbia

Nikhil Sridhar, an active member of FOTB and economist in Washington, D.C. will represent the District on FOTB's Banker Board. Nikhil received a BA in political science at Duke University and is currently an MA Fellow at the Mercatus Center at George Mason University. Nikhil's primary research interests include the history of money and banking, financial economics, commodities and currencies, cryptocurrencies, and American equities. He's passionate about working towards substantively reforming banking regulation to promote greater stability, more responsive markets, and, more fundamentally, freedom.
New FOTB Website
Proves Popular

We just launched our new FOTB website. So what are the most visited pages so far?

1- Get to know our leadership teams

3- Nominate friends to our group

4- Donate to support our operations


Usernames and Passwords are Not Enough:
Multi-Factor Authentication is a Must
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PAID for by Friends of Traditional Banking. NOT authorized by any candidate or candidate's committee.

Friends of Traditional Banking is a non-partisan grassroots effort organized by bankers in 2012 to improve the political and regulatory environment for the traditional banking industry in the U.S. FOTB is the inverse of a PAC--instead of spreading a little bit of money to a lot of campaigns, they focus a lot of money on a couple of key campaigns.