We're getting noticed!


Next 3 months critical to 
FOTB decisions on 2016 races


At a recent meeting in Washington D.C., the FOTB advisory council began to look at the 2016 election cycle. It may seem soon, but the fact is, many of the issues that will drive the FOTB decision process in the next election cycle will be decided in the next 3 months.

The purpose of FOTB is to drive change in Congress, and any positive change is unlikely to occur during a presidential election year. So if traditional banking is going to see relief from Congress, it will have to happen soon.

"If the Democrats in the Senate continue to block any reform to Dodd-Frank during the next couple of months, it will make it impossible for FOTB to support a Senate Democrat in the next election," according to Howard M. Headlee, founder and board member of FOTB. "We are a non-partisan group, but if any Democrat wants our support they are going to have to stand up and do something for traditional banking. We are entirely results-focused."


Senators buzz about 
Friends of Traditional Banking success

Last fall, Friends of Traditional Banking members around the country and their allies poured over a half million dollars into the campaign coffers of Joni Ernst in Iowa and another half million into the campaign of Cory Gardner in Colorado. These two U.S. Senate candidates, successful in November, have great appreciation for FOTB and have expressed that on several occasions. They were particularly moved by seeing the long list of donors--from tellers sending in $15 on up.

But Senators Gardner and Ernst aren't the only ones in Senate who appreciate what FOTB did. Last month in Boise, Sen. Jim Risch (R-ID) told FOTB executive director Mike Winder that he thought FOTB was "a very innovative
way to make a difference in campaigns." 

Earlier, Sen. Jerry Moran (R-KS) told FOTB chair John Boyer, "Your group is doing an amazing job helping races in an impactful way." 

Sen. Orrin Hatch (R-UT) told FOTB past-chair Matt Packard "I think it is terrific what your group bankers is doing. My colleagues in the Senate are noticing." With each election cycle, more members of Congress are seeing Friends of Traditional Banking as a significant player. 


More studies showing harm of Dodd-Frank


Man with foot
Studies continue to show the harm Dodd-Frank is wracking on traditional banking. The Federal Reserve Bank of Richmond recently revealed that the number of community banks dropped by a shocking 41% between 2007 and 2013. 

"The number of new banking regulations increased with the passage of legislation such as the Dodd-Frank Act," they concluded. "Such regulations may be particularly burdensome for small banks that are just getting started."


Entrepreneur Magazine this month laments that "The Dodd-Frank Act has made community banking more difficult." They point out the legislation has increased financial regulation by one-third, driven up compliance costs, and is reducing the profitability and attractiveness of community banking. 


Friends of Traditional Banking will be carefully watching to see which members of Congress will support common sense changes to Dodd-Frank, and which members will thwart efforts to help America's economy. 


Donate to help us grow in 2015!


Help Friends of Traditional Banking grow our nationwide network. The groundwork we lay this year is critical to more victories next year. CLICK HERE to see how to make an easy online donation or where to mail a check.


Friends of Traditional Banking is a non-partisan grassroots effort, organized by bankers. We have over 15,000 members in all fifty states, choose two Congressional races each cycle, and encourage our membership to donate directly to those campaigns.



Paid for by Friends of Traditional Banking. Not authorized by any candidate or candidate's committee. www.FriendsOfTraditionalBanking.com 



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Friends of Traditional Banking | 175 South Main Street, Ste 1420 | Salt Lake City | UT | 84111