St. Louis Fed Appoints Members to Community Banking Advisory Council

ST. LOUIS – The Federal Reserve Bank of St. Louis has appointed three new members to its Community Depository Institutions Advisory Council (CDIAC), which advises St. Louis Fed President James Bullard on the credit, banking and economic conditions facing council members’ institutions and local communities.

The new members who will serve three-year terms starting in 2019 are:

• Bill Schirmer, president and CEO, Evansville Teachers Federal Credit Union, Evansville, Ind.
• Scott E. Spencer, vice chairman, president and CEO, Sterling Bank, Poplar Bluff, Mo.
• Kelley Workman, president, Planters Bank, Hopkinsville, Ky.

Ann Cowley Wells, chair and co-CEO, Commonwealth Bank and Trust Co., Louisville, Ky., remains CDIAC chair.

Other members who will continue their service this year are:

• Russell “Rusty” Bennett, president and CEO, First National Bank of Clarksdale, Clarksdale, Miss.
• David Bentele, president and CEO, Citizens National Bank of Greater St. Louis, Maplewood, Mo.
• David Doedtman, president and CEO, Washington Savings Bank, Effingham, Ill.
• Craig Esrael, president and CEO, First South Financial Credit Union, Bartlett, Tenn.
• Roy Molitor “Mott” Ford Jr., vice chairman and CEO, Commercial Bank and Trust Co., Paris, Tenn.
• Gary Hudson, president and CEO, Farmers and Merchants Bank, Stuttgart, Ark.
• Margaret “Marnie” Oldner, CEO, Stone Bank, Mountain View, Ark.
• Marvin Veatch, president and CEO, Jackson County Bank, Seymour, Ind.

Established in 2011, the St. Louis Fed’s CDIAC council comprises 12 executives of smaller financial institutions headquartered across the Federal Reserve’s Eighth District. The council meets twice a year at the Federal Reserve Bank of St. Louis, with this year’s meetings scheduled for March 4-5 and Oct. 7-8. The chair of the CDIAC also has the responsibility of reporting twice yearly to the Federal Reserve Board of Governors in Washington, D.C.

For more information, see the St. Louis Fed’s CDIAC page. For information and background about all of the Federal Reserve CDIACs, see the Federal Reserve Board of Governors website.