St. Louis Fed Appoints Members to Community Banking Advisory Council

ST. LOUIS – The Federal Reserve Bank of St. Louis has appointed six 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 2020 are:

• Misty Borrowman, president and CEO, Bank of Hillsboro, Hillsboro, Ill.
• Joseph T. “Joe” Henderson, president and director, Central Bank of Boone County, Columbia, Mo.
• Robert “Bob” McKay, president and CEO, Together Credit Union, St. Louis
• Charles “Chuck” Morgan Jr., chairman and CEO, Relyance Bank, Pine Bluff, Ark.
• Bertram “Buddy” Mortimer, president and CEO, Bank of Kilmichael, Kilmichael, Miss.
• John Taylor, president and CEO, Limestone Bank, Louisville, Ky.

Additionally, current member Margaret “Marnie” Oldner, CEO of Stone Bank in Mountain View, Ark., was appointed to a three-year term as council chair starting in 2020.

Other members who will continue their service this year are:

• Roy Molitor “Mott” Ford Jr., vice chairman and CEO, Commercial Bank and Trust Co., Paris, Tenn.
• 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.
• Marvin Veatch, president and CEO, Jackson County Bank, Seymour, Ind.
• Kelley Workman, president, Planters Bank Inc., Hopkinsville, Ky.

Established in 2011, the St. Louis Fed’s CDIAC 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 Feb. 24-25 and Oct. 19-20. 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.