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Friends of Traditional Banking backs two of three successful Senate races

By John Boyer
chairman, Friends of Traditional Banking and chairman, KANZA Bank, Kingman, Kansas

Note:  The following is information provided by Friends of Traditional Banking about the recent election process for U.S. Senate candidates.

During this historic election year, Friends of Traditional Banking stood tall. We rallied around three key races and helped ensure the U.S. Senate will be a place where they can work with the new administration on common sense financial regulatory reform, growing our economy, and supporting the free market.

By supporting Pat Toomey in Pennsylvania, Kelly Ayotte in New Hampshire and Rob Portman in Ohio, we saw unprecedented activity by our 22,000 members in all 50 states. We had more than 4,000 click-throughs on emails inviting you to read about the candidates and the races in which FOTB chose to be involved, and then decide whether you want to donate any one or more of these three races.   

This year, our click-throughs were more than triple the rate of 2014, a year in which FOTB encouraged bankers from across the country to read about Cory Gardner (R-Colo.) and Joni Ernst (R-Iowa) – the two candidates the banker board chose to support that year. Hundreds of bankers did so, and ultimately decided to offer some financial support to those two candidates, resulting in significant ($400,000+) into each of those two races.    

Once FEC reports are finalized, we'll be able to account for all contributions that came through FOTB as well as other banker contributions that were made.   

  • In Ohio, our friend Sen. Rob Portman trounced former Ohio Gov. Ted Strickland, 58-37 percent.

"Traditional banking is at the heart of our free market economy and Friends of Traditional Banking is helping small businesses grow and create jobs," Sen. Portman said. "Individual contributions directly to candidates who know best how to run their campaigns is the very heart of the American political system. Your work made a significant difference and was recognized at the highest levels."

  • In Pennsylvania, we had a big win last night when Sen. Pat Toomey defeated challenger Katie McGinty, 49-47 percent.

"As someone who has helped found and operate a community bank, I truly understand the critical role they play in local communities," Sen. Toomey said. "Ensuring that community banks are able to serve their customers, whether it be individuals or small businesses, is a priority I share with the Friends of Traditional Banking and I appreciate their support of my efforts."

  • In New Hampshire, unfortunately, FOTB asked bankers to read about Sen. Kelly Ayotte on our website and decide whether to help with her re-election bid. She was challenged by New Hampshire Governor, Maggie Hassan.  By a heartbreaking 716 votes out of 737,772 cast – a mere 0.1 percent deficit – Sen. Ayotte came up short and conceded late last Wednesday.

"Friends of Traditional Banking is so important," Sen. Ayotte said, "because they are focused on making sure that our local banks continue to be there to serve our communities with that personal touch."

For all who visited our website and read about our selections, thank you so very much. To those who visited our website, read the information provided and chose to make a contribution to one or more of those three Senate races, thank you for taking a stand, demonstrating that our industry matters and helping three amazing candidates.

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