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Community Depository Institutions Advisory Council

In 2011, the Federal Reserve Bank of St. Louis established a Community Depository Institutions Advisory Council (CDIAC) comprised of 12 executives of smaller financial institutions across the Eighth District. The council meets twice a year at the St. Louis Fed to advise St. Louis Fed President James Bullard on the credit, banking and economic conditions facing their institutions and their communities. Council members are senior executives of banks and credit unions and serve staggered terms.

The chair of each District Bank's council also has the responsibility of reporting twice yearly to the Federal Reserve Board of Governors in Washington, D.C.

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2019 CDIAC Members

  • Ann Cowley Wells photo

    Ann Cowley Wells, Chair
    CEO, Commonwealth Bank and Trust Co.
    Louisville, Ky.
    (Term expiration: 2019)

  • Rusty Bennett

    Russell “Rusty” Bennett
    President and CEO, First National Bank of Clarksdale
    Clarksdale, Miss.
    (Term expiration: 2019)

  • David Bentele

    David Bentele
    President and CEO, Citizens National Bank of Greater St. Louis
    Maplewood, Mo.
    (Term expiration: 2019)

  • David Doedtmann

    David Doedtman
    President and CEO, Washington Savings Bank
    Effingham, Ill.
    (Term expiration: 2019)

  • Craig Esrael

    Craig Esrael
    President and CEO, First South Financial Credit Union
    Bartlett, Tenn.
    (Term expiration: 2019)

  • Roy Ford

    Roy Molitor “Mott” Ford Jr.
    Vice Chairman and CEO, Commercial Bank and Trust Co.
    Paris, Tenn.
    (Term expiration: 2020)

  • Gary Hudson

    Gary Hudson
    President and CEO, Farmers and Merchants Bank
    Stuttgart, Ark.
    (Term expiration: 2019)

  • Margaret “Marnie” Oldner
    CEO, Stone Bank
    Mountain View, Ark.
    (Term expiration: 2020)

  • Bill Schirmer
    President and CEO, Evansville Teachers Federal Credit Union
    Evansville, Ind.
    (Term expiration: 2021)

  • Scott E. Spencer
    Vice Chairman, President and CEO, Sterling Bank
    Poplar Bluff, Mo.
    (Term expiration: 2021)

  • Marvin Veatch

    Marvin Veatch
    President and CEO, Jackson County Bank
    Seymour, Ind.
    (Term expiration: 2020)

  • Kelley Workman
    President, Planters Bank Inc. 
    Hopkinsville, Ky.
    (Term expiration: 2021)