Boston Fed Announces Members of 2018 Community Depository Institutions Advisory Council
Presidents of Blue Hills Bank, The Cape Cod Five Cents Savings Bank, Machias Savings Bank, and Pittsfield Cooperative Bank join Fed council
The Federal Reserve Bank of Boston announced today the appointment of four new members to the First District Community Depository Institutions Advisory Council (CDIAC):
- Jay Anderson– President and CEO, Pittsfield Cooperative Bank, Pittsfield, MA
- Lawrence "Larry" Barker– President and CEO, Machias Savings Bank, Machias, ME
- William "Bill" Parent– President and CEO, Blue Hills Bank, Norwood, MA
- Dorothy Savarese – President & CEO, The Cape Cod Five Cents Savings Bank, Harwich Port, MA
Standing members of the Council include:
- Ellen N. Ford– President and Chief Executive Officer, Peoples Credit Union, Middletown, RI
- Martin Geitz– President and Chief Executive Officer, Simsbury Bank, Simsbury, CT
- James E. Graham– President and Chief Executive Officer, Woodsville Guaranty Savings Bank, Woodsville, NH
- Robert Miller– President and Chief Executive Officer, VSECU, Montpelier, VT
- Brian J. Murphy– Chairman and Chief Executive Officer, Home Loan Investment Bank, Warwick, RI
- Gilda Nogueira– President and Chief Executive Officer, East Cambridge Savings Bank, Cambridge, MA
- Joanne Todd– President and Chief Executive Officer, Northeast Family Federal Credit union, Manchester, CT
- Sushil Tuli– President and Chief Executive Officer, Leader Bank, Arlington, MA
Established by the Federal Reserve Board of Governors in 2010, the CDIACs in the 12 Federal Reserve districts provide a diverse perspective on the economy, lending conditions, and other issues facing thrift institutions, credit unions, and community banks with different charters and regulators (including state member, state nonmember, and national banks).
"Members of the CDIAC represent community financial institutions from the cities and towns that form the backbone of the New England economy," said Eric S. Rosengren, President and Chief Executive Officer of the Federal Reserve Bank of Boston. "The Council members provide valuable perspectives that inform the Boston Fed's mission of public service across the region."
Members attend two meetings per year at the Federal Reserve Bank of Boston and are asked to share information, offer advice, and make informal recommendations to the Reserve Bank's representatives during active roundtable discussions. The CDIAC members represent the six states in the Federal Reserve's First District: Connecticut (excluding Fairfield County), Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont.
Council member Gilda Nogueira of East Cambridge Savings Bank serves as the First District representative to the national CDIAC for a third year, and will serve as president of that body in 2018. The national CDIAC meets twice a year to advise the Federal Reserve Board in Washington.
The next meeting of the First District CDIAC will be on April 6, 2018.
For more information, visit the Federal Reserve Bank of Boston's CDIAC website here.