St. Louis Fed Appoints Four New Members to Community Depository Institutions Advisory Council


ST. LOUIS — The Federal Reserve Bank of St. Louis has appointed four new members to its Community Depository Institutions Advisory Council (CDIAC), which meets twice a year to advise St. Louis Fed President James Bullard on the credit, banking and economic conditions facing their institutions and local communities.

Appointed to three-year terms ending in 2017 are: Jeffrey Dean Agee, president and CEO of First Citizens National Bank, Dyersburg, Tenn.; Jeffrey L. Lynch, president and CEO of Eagle Bank and Trust, Little Rock, Ark.; Elizabeth G. McCoy, president and CEO of Planters Bank, Hopkinsville, Ky.; and Eric R. Olinger, president of Freedom Bancorp, Huntingburg, Ind.

Glenn D. Barks, president and CEO of First Community Credit Union, Chesterfield, Mo., remains chairman of the 12-member group.

The St. Louis Fed council’s first meeting of 2015 is scheduled for March 31 and April 1. The second will be held October 13 and 14.

Council members serve staggered terms and are senior executives of banks, thrift institutions and credit unions from across the Eighth District, which is comprised of the state of Arkansas, and parts of Illinois, Indiana, Kentucky, Mississippi, Missouri and Tennessee.

The new members take the place of outgoing members Kirk P. Bailey, CEO of Magna Bank, Memphis, Tenn.; H. David Hale, chairman, president and CEO of First Capital Bank of Kentucky, Louisville, Ky.; Mark A. Schroeder, chairman and CEO, German American Bancorp, Jasper, Ind.; and Larry T. Wilson, president and CEO, First Arkansas Bank & Trust, Jacksonville, Ark.

The remaining CDIAC members serving in 2015 are:

  • Carolyn "Betsy" Flynn
    President and CEO, Community Financial Services, Benton, Ky.
  • John D. Haynes Sr.
    President and CEO, Farmers & Merchants Bank, Baldwyn, Miss.
  • Larry Greg Ikemire,
    President and CEO, Peoples State Bank, Newton, Ill.
  • Dennis McIntosh
    President and CEO, Ozarks Federal Savings and Loan, Farmington, Mo.
  • Larry Myers
    President and CEO, First Savings Bank, Clarksville, Ind.
  • Frank Padak
    President, CEO and treasurer, Scott Credit Union, Collinsville, Ill.
  • Steve Stafford
    President, First National Bank of Green Forest, Green Forest, Ark.

The Federal Reserve Board of Governors established its CDIAC in 2010 as a mechanism for community banks, thrift institutions, and credit unions (with assets of $10 billion or less) to provide input to the Board on the economy, lending conditions and other issues. Each of the Fed's District banks then established its own local advisory council, with one member chosen to serve on the Board’s CDIAC and to participate in meetings twice a year with the Federal Reserve Board in Washington, D.C.

For more information, see the St. Louis Fed’s CDIAC site, or for more information and background about all of the Federal Reserve CDIACs, see the Federal Reserve Board of Governors’ web site.

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