Friends of Traditional Banking Endorses Representative Andy Barr's Reelection
Friends of Traditional Banking (FOTB), a grassroots organization of over 25,000 members in all fifty states, announced today their endorsement of Kentucky Representative Andy Barr--the first time ever that the group has endorsed a House member in a general election.
"In my career of over 33 years, I have never met a congressman that had a more intuitive understanding of the role traditional bankers play in the economy than Andy Barr," said Ballard Cassady, President and CEO of the Kentucky Bankers Association. "He is the smartest, hardest working warrior we can have in Washington for our industry and we know his support for traditional banking by the bills he champions and his voting record which is 100% supportive of our industry."
Friends of Traditional Banking chooses two Congressional races each cycle, and encourages their membership to donate directly to those campaigns. "We're the inverse of a PAC," said FOTB Chairman Ty Abston. Mr. Abston also serves as CEO of Guaranty Bank & Trust in Mount Pleasant, Texas. "Instead of spreading a little bit of money to a lot of campaigns, we focus a lot of money on a couple of key campaigns. With Andy Barr's reelection race in a virtual dead heat, he needs our help."
FOTB's efforts have driven thousands of bankers to donate hundreds of thousands of dollars directly to candidates. FOTB helped Senator Dean Heller (R-NV) in 2012, Senators Joni Ernst (R-IA) and Cory Gardner (R-CO) in 2014, and Senators Pat Toomey (R-PA) and Rob Portman (R-OH) in 2016. This nonpartisan organization endorsed Sen. Jon Tester (D-MT) earlier this year.
"I am truly honored to receive the endorsement of the Friends of Traditional Banking and I applaud their work and effective advocacy on behalf of America's community banks and their customers," said Barr.
"Since I was first elected to Congress, I have long fought to reduce the regulatory burdens on community banks so that families, entrepreneurs and businesses can access the capital they need to invest in their futures, create jobs, and continue to grow our economy," he said.
"With the persistent support of the Friends of Traditional Banking, I was able to pass my bill, the Portfolio Lending and Mortgage Access Act, and was proud to work to include this important legislation in the recently enacted Economic Growth, Regulatory Relief and Consumer Protection Act, which is the most pro-growth, financial regulatory relief legislation in a generation," Barr continued. "There is much more work to be done. That's why I greatly appreciate this endorsement so that I can continue to be a strong voice and outspoken advocate for community banks and their customers."
Learn more about FOTB's efforts to help Representative Barr
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