WASHINGTON—The Federal Reserve Board has announced four new members of its Community Depository Institutions Advisory Council (CDIAC), as well the president and vice president of the council for 2024, all from banks.
The CDIAC advises the board on the economy, lending conditions, and other issues of interest to community depository institutions. The Fed said members are selected from representatives of commercial banks, thrift institutions, and credit unions serving on local advisory councils at the 12 Federal Reserve Banks and serve three-year terms. One member of each of the Reserve Bank councils serves on the CDIAC, which meets twice a year with the Federal Reserve Board in Washington.
Chuck Sulerzyski, president and chief executive officer of Peoples Bank, Marietta, Ohio, will serve as CDIAC president in 2024. Kim DeVore, president and chief executive officer of Jonah Bank of Wyoming, Casper, Wyo., will serve as vice president. The four new CDIAC members will replace former members from the Boston, Philadelphia, Chicago, and San Francisco districts.
The Council is scheduled to meet April 11 and November 14, 2024.
The New Members
The new members of CDIAC in 2024:
- Ronald Justice, president and CEO, The State Bank, Fenton, Mich.
- Agnes Catherine Ngo, chair of Central Pacific Financial Corp., Central Pacific Bank, Honolulu
- Jeffrey A. Stopko, president and CEO, AmeriServ Financial, Johnstown, Penn.
- Anne P. Tangen, president and CEO, BankFive, Fall River, Mass.
Additional Members
Other members of CDIAC in 2024 include:
- Daniel P. Berry, president and CEO, Duke University FCU, Durham, N.C.
- Dylan S. Clarkson, president and CEO, Pioneer Bank and Trust, Spearfish, S.D.
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Tyler K. Clinch, president and CEO, First Community Bank of East Tennessee
Kingsport - Luanne Cundiff, president and CEO, First State Bank of St. Charles, St. Charles, Mo.
- Tracy Harris, president and CEO, National Bank and Trust, La Grange, Texas
- James S. Vaccaro, chair, president and CEO, Manasquan Bank, Wall Township, N.J.