ICBA today expressed its strong support for the Office of the Comptroller of the Currency’s announcement that it will reverse its ICBA-opposed decision to merge its community, midsize, and large bank supervision functions into a single unit.

ICBA told the FDIC that in revising the agency’s supervisory appeals process, the FDIC should ensure that reviewers have significant community banking experience.

The Federal Open Market Committee voted to lower target interest rates by 25 basis points to a range of 4.0% to 4.25%.