Friends of Traditional Banking
unveils Congressional watch list
Friends of Traditional Banking, one of the nation's fastest growing SuperPACs that focuses solely on supporting candidates who support traditional banking, announced today which key races they are watching as they head towards November's Congressional elections. Candidates in seven Senate races and thirteen House races are currently under review, and are moving forward for further consideration.
"This is the beginning of our process," said FOTB Chairman Matt Packard, who is also president and CEO of Central Bank in Provo, Utah. "Our leadership will narrow this list down to eight or so candidates in July, four or so in August, and after Labor Day will announce the two most critical races for banking that our membership will be strongly encouraged to support financially."
Friends of Traditional Banking has grown to nearly 6,000 members in all fifty states, and is significantly stronger than during the 2012 election cycle when they were a new organization of just a few hundred members. Even then, FOTB members were able to direct over $200,000 into Sen. Dean Heller (R-NV) and Sen. Scott Brown (R-MA)'s races--helping to put Heller over the top in an extremely close race.
"This effort is critical to more than just bankers," said Bill Loving, FOTB board member and president and CEO of Pendleton Community Bank in Franklin, West Virginia. "We are thrilled with the business people, local elected officials, and neighbors who are joining Friends of Traditional Banking. Many have experienced first-hand how harmful misguided regulations from Congress can be on our economy."
"While there are many members of Congress who have established themselves as loyal friends of traditional banking," said Rick Sanborn, FOTB board member and CEO of Seacoast Commerce Bank in San Diego, "this bipartisan, bicameral watch list represents those in greatest need of support, who have made an extraordinary effort to support traditional banking, or whose opponents have demonstrated a blatant disregard for the health of traditional banking and the local communities we support."
Shelley Moore Capito (R-WV, opponent is Natalie Tennant) An extremely supportive Friend of Traditional Banking as a member of the House Financial Services Committee, knows issues, vocal in defense of industry.
Tom Cotton (R-AR, opponent is Sen. Mark Pryor) A proven Friend of Traditional Banking as member of House Financial Services Committee: knows issues, vocal in defense of industry. Opponent supported Dodd-Frank Act and has voted against DFA reforms.
Joni Ernst (R-IA, opponent is Rep. Bruce Braley) Ernst understands the critical role of traditional banking, opponent has been a vocal credit union advocate.
Cory Gardner (R-CO, opponent is Sen. Mark Udall) An extremely supportive friend of traditional banking as a member of the House. Opponent is the primary advocate for expanding credit union business lending.
Kay Hagan (D-NC, opponent is Thom Tillis) Senator Hagan and her family have deep roots in traditional banking.
Terri Lynn Land (R-MI, opponent is Rep. Gary Peters) Michigan Bankers Association has endorsed Land. Her opponent voted for Dodd-Frank three times and is proud of that.
Mitch McConnell (R-KT, opponent is Alison Lundergan Grimes) He understands the critical role of traditional banking and is willing to make significant changes to DFA.
Rep. Andy Barr (R-KY, opponent is Elisabeth Jensen)
Rep. Mike Coffman (R-CO, opponent is Andrew Romanoff)
Rep. Sean Duffy (R-WI, opponent is Kelly Westlund)
Rep. Stephen Fincher (R-TN, opponent is determined in Aug 7 primary)
Rep. Scott Garrett (R-NJ, opponent is Roy Cho)
French Hill (R-AR, opponent is Pat Hays)
Rep. Blaine Luetkemeyer (R-MO, opponent is determined in Aug 5 primary)
Rep. Sean Maloney (D-NY, opponent is Nan Hayworth)
Rep. Ed Perlmutter (D-CO, opponent is Donald Ytterberg)
Rep. David Scott (D-GA, opponent is Michael Owens )
Rep. Kyrsten Sinema (D-AZ, opponent is Wendy Rogers)
Rep. Steve Stivers (R-OH, opponent is Scott Wharton)
Richard Tisei (R-MA, opponent is Rep. John Tierney)