The Federal Reserve Bank of St. Louis hosted its 2013 Community Depository Institutions Advisory Council (CDIAC) on Oct. 7-8. The 12-member council meets twice a year to advise St. Louis Fed President James Bullard and senior Bank management on the credit, banking and economic conditions facing their institutions and communities. Continuing to serve as the group’s chairman is Glenn D. Barks, president and CEO of First Community Credit Union in Chesterfield, Mo. Council members serve staggered terms and are senior executives of banks, thrift institutions and credit unions from across the Eighth District.
Barks is currently serving a four-year term as chairman, which began during CDIAC’s first 2013 meeting. In this role, he represents the Eighth District at the Federal Reserve Board of Governors’ CDIAC meetings, held twice each year in Washington, D.C. The Board established CDIAC in 2010 as a mechanism for community banks, thrift institutions and credit unions with assets of $10 billion or less to provide the Board with input on the economy, lending conditions and other issues. Each of the Fed’s 12 Reserve banks established an advisory council, with one representative to serve on the Board’s CDIAC.
For 2014, the three outgoing members of the St. Louis Fed’s CDIAC will be Gary E. Metzger, president of Liberty Bank in Springfield, Mo.; Vance Witt, chairman of BNA Bank in New Albany, Miss.; and Gordon Waller, president and CEO of First State Bank and Trust in Caruthersville, Mo. The new council members taking their places will be John Haynes, president and CEO of Farmers and Merchants Bank in Baldwyn, Miss.; Dennis McIntosh, chairman, president and CEO of Ozarks Federal Savings and Loan Association in Farmington, Mo.; and Gregory Ikemire, president and CEO of Peoples State Bank in Newton, Ill. The new members will begin their terms when the council meets in March.
For more information, see the St. Louis Fed’s CDIAC web site. For more information and background about all the Federal Reserve CDIACs, see the Board’s web site or “Community Banks, Fed Connect Through the Community Depository Institutions Advisory Council” on the Fed’s Community Banking Connections web site.