Trump nominates California banker for FCA board
President Donald Trump last week announced his intent to nominate Rodney Brown of California, a commercial banker, to be a member of the Farm Credit Administration board for a six-year term beginning October 14.
Brown previously served as president and CEO of the California Bankers Association. Before this, he served as president and CEO of Montecito Bank & Trust in Santa Barbara, Calif., and held positions with First National Bank of Kansas City and Bank of America in San Francisco.
Brown began his banking career in the Midwest in 1972 following graduation from Wichita State University. He completed the Graduate Banking School program at the University of Virginia. He has also served as a member of the board of the American Bankers Association.
In a 2017 article in The Sacramento Bee, Brown wrote that the Trump administration was right to review banking regulations because Dodd-Frank regulations were “hurting banks’ ability to serve customers.”
Brown would apparently succeed Jeffery Hall, whose term expires on October 13, on the board of the FCA, which regulates the Farm Credit System.
Sens. Angus King, I-Maine, Joni Ernst, R-Iowa, Tina Smith, D-Minn., and Chuck Grassley, R-Iowa, have introduced a bill to double USDA’s Market Access Program (MAP) and Foreign Market Development (FMD) Program funding.