January 17, 2025

Letter in Support of S. 113

ICBA expressed support for the Promoting New Bank Formation Act of 2025 (S. 113), which would promote the creation of de novo community banks, especially in America’s rural areas. ICBA noted that the provisions in the bill would provide more regulatory, capital and lending flexibility, which will facilitate the creation of de novo banks, encourage investment in these banks, and promote their viability.