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.
2018 CDIAC Members
Ann Cowley Wells, Chair
Chair and Co-CEO, Commonwealth Bank and Trust Co., Louisville, Ky.
(Term expiration: 2018)
Kevin Beckemeyer
President and CEO, Legence Bank, Eldorado, Ill.
(Term expiration: 2018)
Russell “Rusty” Bennett
President and CEO, First National Bank of Clarksdale, Clarksdale, Miss.
(Term expiration: 2019)
David Bentele
President and CEO, Citizens National Bank of Greater St. Louis, Maplewood, Mo.
(Term expiration: 2019)
Shaun Burke
President and CEO, Guaranty Bank, Springfield, Mo.
(Term expiration: 2018)
David Doedtman
President and CEO, Washington Savings Bank, Effingham, Ill.
(Term expiration: 2019)
Craig Esrael
President and CEO, First South Financial Credit Union, Bartlett, Tenn.
(Term expiration: 2019)
Roy Molitor “Mott” Ford Jr.
Vice Chairman and CEO, Commercial Bank and Trust Co., Paris, Tenn.
(Term expiration: 2020)
Karen Harbin
President and CEO, Commonwealth Credit Union, Frankfort, Ky.
(Term expiration: 2018)
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)
Marvin Veatch
President and CEO, Jackson County Bank, Seymour, Ind.
(Term expiration: 2020)
