BOSTON -- The Federal Reserve Bank of Boston announced today the appointment of two new members to the First District Community Depository Institutions Advisory Council (CDIAC): Chandler Howard, President/CEO of Liberty Bank, Middletown, CT, and Patricia Weigel, President of Norway Savings Bank, Norway, ME.
Continuing members include:
Mr. Stapleton of Northampton Co-operative Bank serves as the First District representative to the national CDIAC, which meets twice a year to advise the Federal Reserve Board in Washington DC.
The next meeting of the First District CDIAC will be on March 15, 2012.
The CDIAC was established pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. District CDIACs provide input on the economy, lending conditions, regulatory policies, payments and other issues to their regional Federal Reserve Bank. The 12 First District CDIAC members represent the diversity of institutions in New England, including commercial banks, thrift institutions, and credit unions with assets below $10 billion. Members are from the six New England states: Connecticut (excluding Fairfield County), Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont.