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02.06.20

Cleveland Fed announces reappointments to its Community Depository Institutions Advisory Council and appointment to Federal Advisory Council

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The Federal Reserve Bank of Cleveland announced several reappointments to its Community Depository Institutions Advisory Council (CDIAC) and an appointment to the Federal Advisory Council (FAC) for 2020.

Community Depository Institutions Advisory Council (CDIAC)

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

The Cleveland Fed’s CDIAC also includes:

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

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

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

Andrew W. Hasley
President
Standard Bank
Monroeville, Pennsylvania

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

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

Chuck Sulerzyski
President and Chief Executive Officer
Peoples Bancorp
Marietta, 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 Advisory Council (FAC)

William S. Demchak, chairman, president and chief executive officer, The PNC Financial Services Group, Pittsburgh, Pennsylvania, was appointed to a one-year term as the Fourth Federal Reserve District’s representative on the Federal Advisory Council.

The Federal Advisory Council comprises representatives of the banking industry from each of the 12 Federal Reserve Districts. The Council consults with and advises the Board of Governors of the Federal Reserve System on general business conditions and issues related to the financial services industry.

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. 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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