The U.S. Senate easily confirmed Fred Hochberg to continue serving as head of the U.S. Export-Import Bank Wednesday, keeping to the tenets of a bipartisan agreement reached this week regarding the consideration of executive branch nominees.

Hochberg has led the bank since 2009 and is a former corporate executive, acting administrator at the Small Business Administration and top donor to President Obama's presidential campaigns. Obama renominated Hochberg in March to lead the bank for another four years.