Cleveland Fed announces appointments to its Community Depository Institutions Advisory Council

The Federal Reserve Bank of Cleveland announced several appointments to its Community Depository Institutions Advisory Council (CDIAC) for 2019.

T. Michael Price, president and chief executive officer of First Commonwealth Financial Corporation, Indiana, Pennsylvania, was appointed chair of the Cleveland Fed’s CDIAC. Price has been a member of the advisory council since 2016. He will now serve as the Fourth District representative to the Federal Reserve Board’s CDIAC, which is made up of members from local advisory councils at the 12 Federal Reserve Banks.

The Cleveland Fed appointed the following new members to its CDIAC for a three-year term:

Melissa Ashley
President and Chief Executive Officer
Corporate One Federal Credit Union
Columbus, OH

Bradley P. Murtiff
President and Chief Executive Officer
First Federal Community Bank of Bucyrus
Bucyrus, OH

Chuck Sulerzyski
President and Chief Executive Officer
Peoples Bancorp
Marietta, OH

The following individuals were reappointed to the CDIAC for a second three-year term:

Thomas J. Fraser
Chief Executive Officer
First Mutual Holding Company
Lakewood, Ohio

Andrew W. Hasley
President
Standard Bank
Monroeville, Pennsylvania

The Cleveland Fed’s CDIAC also includes:

Marlene K. Barkheimer
President and Chief Executive Officer
Farmers State Bank
West Salem, Ohio

Robert D. Burrow
President and Chief Executive Officer
Bayer Heritage Federal Credit Union
Proctor, West Virginia

Jean R. Hale
Chair, President, and Chief Executive Officer
Community Trust Bancorp, Inc.
Pikeville, Kentucky

Diane M. Hoops
Chair, President, and Chief Executive Officer
Corn City State Bank
Deshler, Ohio

Mark A. Klein
Chair, President, and Chief Executive Officer
SB Financial Group, Inc.
Defiance, Ohio

The Community Depository Institutions Advisory Council is composed of representatives from commercial banks, thrift institutions, and credit unions in the Fourth Federal Reserve District. (A complete list of the CDIAC members can be found here.)

The council provides information and insight to the Cleveland Fed from the perspective of community depository institutions. Council members meet with senior Bank leaders at least twice yearly. These meetings provide information that is useful in the consideration of monetary policy and economic research activities.

Federal Reserve Bank of Cleveland

The Federal Reserve Bank of Cleveland is one of 12 regional Reserve Banks that along with the Board of Governors in Washington DC comprise the Federal Reserve System. Part of the US central bank, the Cleveland Fed participates in the formulation of our nation’s monetary policy, supervises banking organizations, provides payment and other services to financial institutions and to the US Treasury, and performs many activities that support Federal Reserve operations System-wide. In addition, the Bank supports the well-being of communities across the Fourth Federal Reserve District through a wide array of research, outreach, and educational activities.

The Cleveland Fed, with branches in Cincinnati and Pittsburgh, serves an area that comprises Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia.

Media contact

Doug Campbell, doug.campbell@clev.frb.org, 513.455.4479