Friends of Traditional Banking gets involved in their first primary race to knock out last House Republican to support Dodd-Frank
SALT LAKE CITY, UT (April 27, 2016) — Since their organization in 2012, Friends of Traditional Banking (FOTB), a national Super PAC, has only influenced general election races—until now. FOTB’s executive board has unanimously decided to back Taylor Griffin, a long-time advocate of traditional banking, who is challenging ten term Rep. Walter Jones, Jr. (R-NC3).
Jones is the only remaining House Republican who voted for Dodd-Frank and has resisted bi-partisan attempts to alter Dodd-Frank, making him a natural target for the group, which champions common sense regulation. FOTB’s tactic has been to pick a couple of key races, and encourage their list of 15,000 “friends” to donate directly to those candidates through their website, friendsoftraditionalbanking.com. This resulted in 2014 in $1 million in donations to senate candidates Joni Ernst in Iowa and Cory Gardner in Colorado, both of whom were successful.
“This race is razor close and neither candidate has a lot of money, so this is a situation where we could make a huge difference. We have never asked our network of friends to engage in a primary before, but this is exactly the kind of opportunity we have been looking for,” said FOTB Chairman John Boyer, who is also chairman of Kanza Bank in Kingman, Kansas.
“We are still committed to our goal of driving thousands of individual, direct contributions totaling $1 million into two key races this November,” he said.
North Carolina’s 3rd Congressional District is heavily Republican. Whoever wins the Republican nomination on June 7th is almost guaranteed to be the next Congressman from that district.
About Friends of Traditional Banking
Friends of Traditional Banking is a non-partisan grassroots effort organized by bankers in 2012 to improve the political and regulatory environment for the traditional banking industry in the U.S. FOTB is the inverse of a PAC--instead of spreading a little bit of money to a lot of campaigns, they focus a lot of money on a couple of key campaigns.
Friends of Traditional Banking
175 South Main #1420
Salt Lake City, UT 84111