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03.15.17

Cleveland Fed Announces Appointments to its Community Depository Institutions Advisory Council

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The Federal Reserve Bank of Cleveland announced several appointments to its Community Depository Institutions Advisory Council (CDIAC) for 2017.

Thomas J. Fraser, President and Chief Executive Officer of First Mutual Holding Co. / First Federal Lakewood, Lakewood, Ohio, was appointed chair of the Cleveland Fed’s CDIAC. Fraser has been a member of the advisory council since 2016. He will also serve as the Fourth District representative to the Federal Reserve Board’s Community Depository Institutions Advisory Council, which is made up of members from local advisory councils at the 12 Federal Reserve Banks.

The Cleveland Reserve Bank also appointed the following new members to its CDIAC:

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

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

Vickie A. Sant
Chair and President
First-Knox National Bank
Mount Vernon, Ohio

The Cleveland Fed’s CDIAC also includes the following returning members:

Lee C. Butke
President and Chief Executive Officer
Corporate One Federal Credit Union
Columbus, Ohio

Andrew W. Hasley
President and Chief Executive Officer
Allegheny Valley Bank
Pittsburgh, Pennsylvania

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

John R. Malanowski
Chair and President
First Federal Savings of Lorain
Lorain, Ohio

T. Michael Price
President and Chief Executive Officer
First Commonwealth Financial Corporation
Indiana, Pennsylvania

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 also be found here.)

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

About the 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. As part of the nation’s central bank, the Cleveland Fed participates in the formulation of US monetary policy, supervises banking organizations, provides payment and other services to financial institutions and 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. For more information, go to www.clevelandfed.org or follow us on Facebook and Twitter (@ClevelandFed).

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